Nov. 5 at 9:21 PM
$ARRY Huge Q3 beat! where is everyone?
ARRY delivered
$393.5 million in revenue for Q3 2025, substantially beating the consensus estimate of
$311.5 million. This represents 70% year-over-year growth
ARRY’s operational performance showed exceptional strength across multiple dimensions:
• Gross margin: 26.9% (GAAP), 28.1% (adjusted)
• Adjusted EBITDA:
$72.2 million, the second-highest quarterly result on record
• Total backlog:
$1.9 billion in executed contracts and awarded orders (excluding APA)
• Year-to-date volume growth: 74% increase
• Year-to-date revenue growth: 65% increase
$FSLR