Array Technologies (ARRY) Operating Margin (2019 - 2026)
Array Technologies (ARRY) posted Operating Margin of 10.16% for Q2 2026, up 219.4% on a QoQ basis from 3.18% in Q1 2026, and down 264.0% year-over-year from 6.2% in Q2 2025.
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Array Technologies (ARRY) Operating Margin (2019 - 2026) Analysis & Trends
Array Technologies has reported Operating Margin for 8 years, with the latest figure at 10.16% in Q2 2026.
- On a quarterly basis, Operating Margin fell 264.0% year-over-year to 10.16% in Q2 2026; TTM through Jun 2026 was 5.13%, a 1206.0% increase from a year earlier, with the FY2025 full-year figure at 2.26%, up 2253.0% from the prior year.
- Operating Margin was 10.16% for Q2 2026 at Array Technologies, up from 3.18% in the prior quarter.
- The five-year high for Operating Margin was 18.96% in Q2 2023, with the low at 65.52% in Q4 2025.
- Average Operating Margin over 5 years is 3.53%, with a median of 7.17% recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Margin slumped 6881 bps in 2024, then soared 6889 bps in 2025.
- Over 5 years, Operating Margin stood at 4.07% in 2022, then soared by 118 bps to 8.85% in 2023, then tumbled by 685 bps to 51.72% in 2024, then slipped by 27 bps to 65.52% in 2025, then soared by 116 bps to 10.16% in 2026.
- The last three Operating Margin figures came in at 10.16% (Q2 2026), 3.18% (Q1 2026), and 65.52% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 42.64% |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 20.41% |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 17.65% |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | -4.63% |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | -9.11% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 11.46% |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | -5.88% |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 10.16% |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | -11.62% |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | 19.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.16% |
| Mar 31, 2026 | 3.18% |
| Dec 31, 2025 | -65.52% |
| Sep 30, 2025 | 11.55% |
| Jun 30, 2025 | 12.80% |
| Mar 31, 2025 | 9.02% |
| Dec 31, 2024 | -51.72% |
| Sep 30, 2024 | -57.33% |
| Jun 30, 2024 | 15.48% |
| Mar 31, 2024 | 5.48% |
| Dec 31, 2023 | 8.85% |
| Sep 30, 2023 | 11.47% |
| Jun 30, 2023 | 18.96% |
| Mar 31, 2023 | 12.60% |
| Dec 31, 2022 | 4.07% |
| Sep 30, 2022 | 3.34% |
| Jun 30, 2022 | -3.18% |
| Mar 31, 2022 | -12.76% |
| Dec 31, 2021 | -9.10% |
| Sep 30, 2021 | -10.34% |