Array Technologies, Inc.ARRYEarnings & Financial Report
ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...
Revenue
$255.8M
Gross Profit
$86.0M
Operating Profit
$39.6M
Net Profit
$25.7M
Gross Margin
33.6%
Operating Margin
15.5%
Net Margin
10.0%
YoY Growth
-49.6%
EPS
$0.08
Array Technologies, Inc. Q2 FY2024 Financial Summary
Array Technologies, Inc. reported revenue of $255.8M (down 49.6% YoY) for Q2 FY2024, with a net profit of $25.7M (down 60.6% YoY) (10.0% margin). Cost of goods sold was $169.8M, operating expenses totaled $46.4M.
Key Financial Metrics
| Total Revenue | $255.8M |
|---|---|
| Net Profit | $25.7M |
| Gross Margin | 33.6% |
| Operating Margin | 15.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Array Technologies, Inc. Q2 FY2024 revenue of $255.8M breaks down across 2 segments, led by Transferred Over Time at $209.6M (81.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred Over Time | $209.6M | 81.9% |
| Transferred At Point In Time | $46.2M | 18.1% |
Array Technologies, Inc. Revenue by Segment — Quarterly Trend
Array Technologies, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Transferred Over Time and Transferred At Point In Time) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Transferred Over Time | — | — | $322.5M | $261.6M |
| Transferred At Point In Time | — | — | $39.7M | $40.7M |
Array Technologies, Inc. Annual Revenue by Year
Array Technologies, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.3B |
| 2024 | $915.8M |
| 2023 | $1.6B |
| 2022 | $1.6B |
Array Technologies, Inc. Quarterly Revenue & Net Profit History
Array Technologies, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $226.0M | -17.9% | N/A | N/A |
| Q3 FY2025 | $393.5M | +70.0% | $33.5M | 8.5% |
| Q2 FY2025 | $362.2M | +41.6% | $43.3M | 11.9% |
| Q1 FY2025 | $302.4M | +97.1% | $16.7M | 5.5% |
| Q4 FY2024 | $275.2M | -19.4% | N/A | N/A |
| Q3 FY2024 | $231.4M | -34.0% | $-141.4M | -61.1% |
| Q2 FY2024 | $255.8M | -49.6% | $25.7M | 10.0% |
| Q1 FY2024 | $153.4M | -59.3% | $2.2M | 1.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $153.4M | $255.8M | $231.4M | $275.2M | $302.4M | $362.2M | $393.5M | $226.0M |
| YoY Growth | -59.3% | -49.6% | -34.0% | -19.4% | 97.1% | 41.6% | 70.0% | -17.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.63B | $1.65B | $1.56B | $1.43B | $1.43B | $1.54B | $1.61B | $1.45B |
| Liabilities | $1.03B | $1.07B | $1.11B | $1.14B | $1.10B | $1.18B | $1.21B | $1.19B |
| Equity | $231.2M | $200.0M | $64.5M | $-118.1M | $-97.8M | $-70.9M | $-46.7M | $-206.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $47.5M | $4.0M | $44.9M | $57.6M | $-13.1M | $43.8M | $27.4M | $43.6M |