Array Technologies Q2 revenue beats estimates, EPS at $0.25

Array Technologies

07/08/2025 21:28

Overview

Array Technologies Q2 revenue of $362.2 mln beats analyst expectations, per LSEG data

Adjusted EPS of $0.25 exceeds estimates, reflecting strong operational performance

Adjusted EBITDA of $63.6 mln surpasses forecast, per LSEG data

Outlook

Array raises 2025 revenue guidance to $1.180 bln-$1.215 bln

Company expects 2025 adjusted EBITDA of $185 mln-$200 mln

Array projects 2025 adjusted EPS between $0.63 and $0.70

Result Drivers

STRATEGIC DESCOPING - Co attributes improved orderbook quality to strategic descoping and reconfiguring of low-margin projects

ACQUISITION - Signed agreement to acquire APA Solar, expected to enhance product offerings and growth

CAPITAL STRUCTURE - Issued convertible notes and repaid term loan, improving debt maturity profile

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$362.20 mln
$290.40 mln (19 Analysts)
Q2 Adjusted EPS
Beat
$0.25
$0.2 (18 Analysts)
Q2 Net Income
$28.50 mln
Q2 Adjusted EBITDA
Beat
$63.60 mln
$53 mln (19 Analysts)
Q2 Gross Margin
26.8%
Q2 Orders
$1.80 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Array Technologies Inc is $8.25, about 30.5% above its August 6 closing price of $5.73

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX1H6fd1

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)