- Adjusted gross profit increased 12% year-over-year to $101 million with an adjusted gross margin of 27.8%, improving sequentially by 130 basis points despite tariff impacts.
- Array Technologies reported Q2 2025 revenue of $362 million, a 42% increase year-over-year and 20% sequentially, driven by a 52% increase in volume shipped.
- Free cash flow improved significantly to $37 million from $2 million in the prior year period, supported by working capital improvements.
- Net income attributable to common shareholders was $28 million, up 138% year-over-year and $26 million sequentially, with adjusted EBITDA of $64 million and a margin of 17.5%.
- The company ended the quarter with $377 million in cash and total liquidity above $500 million, with net debt leverage ratio of 1.7x and no outstanding senior secured debt.
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