---
schema_version: "secwatch.filing_event.v1"
accession: "0001820721-23-000154"
form_type: "8-K"
ticker: "ARRY"
cik: "0001820721"
company_name: "Array Technologies, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:38:31.656049+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Array Technologies Q2 revenue $507.7M (+21% YoY), gross margin record 29.6%, raises adj. EBITDA guidance

## Summary
- Revenue $507.7M (+21% YoY); net income $52.0M vs loss $17.2M prior year; adjusted EPS $0.47 vs $0.09.
- Gross margin record 29.6% (vs 9.5% prior year) driven by pass-through pricing, cost savings, and non-tracker sales.
- Adjusted EBITDA $115.6M vs $20.9M prior year; full-year 2023 adj. EBITDA guidance raised to $280-295M, adj. EPS $1.00-1.07.
- Executed contracts and awarded orders $1.7B at June 30; $600M in Q2 bookings, with larger portion shifting to 2024 deliveries.
- Full-year 2023 revenue guidance lowered to $1,650-1,725M due to module availability, IRA clarity, and permitting pushouts.

## SEC filing metadata
- accession: 0001820721-23-000154
- form_type: 8-K
- ticker: ARRY
- cik: 0001820721
- company_name: Array Technologies, Inc.
- filed_at: 2023-08-08T23:59:59+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/1820721/000182072123000154/0001820721-23-000154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820721/000182072123000154/arry-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820721-23-000154
- JSON: https://secwatch.observer/filing/0001820721-23-000154.json
- Plain text: https://secwatch.observer/filing/0001820721-23-000154.txt

## Key facts
- Earnings Releases
  Array Technologies, Inc. updated its the year ending December 31, 2023 guidance (reaffirmed).
  - Period: the year ending December 31, 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Full Year 2023 Guidance For the year ending December 31, 2023, the company expects: • Revenue to be in the range of $1,650 million to $1,725 million • Adjusted EBITDA (2) to be in the range of $280 million to $295 million • Adjusted net income per share (2) to be in the range of $1.00 to $1.07
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820721/000182072123000154/0001820721-23-000154-index.htm
- Earnings Releases
  Array Technologies, Inc. reported the quarter ended June 30, 2023 results: revenue $507.7 million, net income $52.0 million, EPS $0.34. Guidance reaffirmed.
  - Period: the quarter ended June 30, 2023
  - Revenue: $507.7 million
  - Net income: $52.0 million
  - EPS: $0.34
  - Guidance: reaffirmed
  - Result: reported results
  source text: Array Technologies, Inc. Reports Financial Results for the Second Quarter 2023 – Strong execution delivers revenue of $507.7 million and record gross margin of 29.6%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820721/000182072123000154/0001820721-23-000154-index.htm

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