---
schema_version: "secwatch.filing_event.v1"
accession: "0001820721-23-000094"
form_type: "8-K"
ticker: "ARRY"
cik: "0001820721"
company_name: "Array Technologies, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:48:20.041618+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Array Q1 rev $376.8M (+25% YoY), adj EBITDA $67M, gross margin 26.9%; FY rev guidance trimmed to $1.8B-$1.9B

## Summary
- Revenue $376.8M (+25% YoY); net income $13.6M vs loss $37.5M YoY; adj diluted EPS $0.25.
- Gross margin 26.9%, highest since Q1 2020; one-time logistics cost benefit.
- Adjusted EBITDA $67.0M, up from $0.7M prior year.
- Executed contracts & awarded orders $1.6B at quarter end.
- FY23 guidance: revenue $1.8B-$1.9B (lowered top end); adj EBITDA $240M-$265M, adj EPS $0.75-$0.85 unchanged.

## SEC filing metadata
- accession: 0001820721-23-000094
- form_type: 8-K
- ticker: ARRY
- cik: 0001820721
- company_name: Array Technologies, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820721/000182072123000094/0001820721-23-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820721/000182072123000094/arry-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820721-23-000094
- JSON: https://secwatch.observer/filing/0001820721-23-000094.json
- Plain text: https://secwatch.observer/filing/0001820721-23-000094.txt

## Key facts
- Earnings Releases
  Array Technologies, Inc. reported first quarter ended March 31, 2023 results: revenue $376.8 million, net income $13.6 million, EPS $0.09. Guidance lowered.
  - Period: first quarter ended March 31, 2023
  - Revenue: $376.8 million
  - Net income: $13.6 million
  - EPS: $0.09
  - Guidance: lowered
  - Result: reported results
  source text: May 9, 2023 Array Technologies, Inc. Reports Financial Results for the First Quarter 2023 – Delivers strong results, with revenue of $376.8 million and gross margin of 26.9% First Quarter 2023 Highlights • Revenue of $376.8 million • Net income to common shareholders of $13.6 million • Adjusted EBITDA (1) of $67.0 million • Basic and diluted net income per share of $0.09
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820721/000182072123000094/0001820721-23-000094-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.