Array Technologies reported $393.5 million Q3 2025 revenue, which included $16.9 million from APA Solar following its acquisition in August. Margins remained solid, with a 26.9% gross margin and 28.1% adjusted gross margin, respectively, on the back of adjusted EBITDA at $72.2 million. Net income came to $18.4 million as executed contracts and awarded orders reached $1.9 billion, excluding APA. The company updated guidance for 2025 to $1.25 billion to $1.28 billion revenue and between $185 million to $195 million in adjusted EBITDA. Array also posted cash at $221.5 million and long-term debt at $658.4 million in its balance sheet data.