Array Technologies, Inc. (ARRY) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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ARRY Revenue Growth
Revenue Breakdown
ARRY's revenue distribution by segment and geography
By Geography
ARRY Revenue Analysis (2018–2025)
As of May 6, 2026, Array Technologies, Inc. (ARRY) generated trailing twelve-month (TTM) revenue of $1.21 billion, reflecting significant decline in growth of -26.1% year-over-year. The most recent quarter (Q1 2026) recorded $223.4 million in revenue, down 1.2% sequentially.
Looking at the longer-term picture, ARRY's 5-year compound annual growth rate (CAGR) stands at +8.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.64 billion in 2022.
When compared to Energy sector peers including SHLS (+37.8% YoY), FTCI (+73.0% YoY), and FSLR (+27.3% YoY), ARRY has underperformed the peer group in terms of revenue growth. Compare ARRY vs SHLS →
ARRY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ARRYCurrent | $1.2B | -26.1% | +8.0% | 6.6% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 FTCI | $100M | +73.0% | -11.9% | -33.5% | |
 FSLR | $5.2B | +27.3% | +14.0% | 32.3% | |
 ENPH | $1.5B | -1.6% | +13.7% | 11.2% | |
 SEDG | $1.2B | +39.2% | -4.1% | -24.1% |
ARRY Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.28B | +40.2% | $272.4M | 21.2% | $84.3M | 6.6% |
| 2024 | $915.8M | -41.9% | $297.7M | 32.5% | $-227,005,000 | -24.8% |
| 2023 | $1.58B | -3.7% | $415.6M | 26.4% | $214.1M | 13.6% |
| 2022 | $1.64B | +91.9% | $212.7M | 13.0% | $-18,133,000 | -1.1% |
| 2021 | $853.3M | -2.2% | $68.3M | 8.0% | $-24,741,000 | -2.9% |
| 2020 | $872.7M | +34.7% | $202.8M | 23.2% | $95.2M | 10.9% |
| 2019 | $647.9M | +122.8% | $150.8M | 23.3% | $83.4M | 12.9% |
| 2018 | $290.8M | - | $11.6M | 4.0% | $-61,206,000 | -21.0% |
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Start ComparisonARRY — Frequently Asked Questions
Quick answers to the most common questions about buying ARRY stock.
Is ARRY's revenue growth accelerating or slowing?
ARRY revenue declined -26.1% year-over-year, contrasting with the 5-year CAGR of +8.0%. TTM revenue fell to $1.2B. This reverses the prior growth trend.
What is ARRY's long-term revenue growth rate?
Array Technologies, Inc.'s 5-year revenue CAGR of +8.0% reflects the variable expansion pattern. Current YoY growth of -26.1% is below this long-term average.
How is ARRY's revenue distributed by segment?
ARRY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.