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Array Technologies Inc's Business Segments
Array Technologies Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
2
Largest Segment
Legacy Operations
Total Revenue
$ 223
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2026
- Legacy Operations97.5%
- STI Operations2.7%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Legacy Operations | $ 217 | 97.5% |
| STI Operations | $ 6 | 2.7% |
Description of Array Technologies Inc
Array Technologies, Inc. is a leading global provider of solar tracking systems, offering reliable, innovative, and sustainable tracking solutions for utility-scale solar projects. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico. With over three decades of experience, Array Technologies has a proven track record of delivering high-quality products and services to its clients worldwide.
The company's flagship product is the DuraTrack HZ v3, a solar tracking system that maximizes energy production from photovoltaic (PV) modules. The DuraTrack HZ v3 can track the sun's movement from east to west throughout the day, enhancing the energy harvest by up to 20% compared to fixed-tilt systems. The product is designed with a patented self-powered independent row system, which allows for flexible installation configurations while reducing installation time and costs.
Array Technologies has an extensive portfolio of solar tracking systems, including the DuraTrack AZ v3, a single-axis tracker for lower-latitude regions, and the SmarTrack, an advanced dual axis tracking system that provides the highest energy results in the industry. The company's products are widely used in utility-scale solar projects, including large-scale installations in North America, Europe, Asia, South America, and Africa.
The company's commitment to innovation, quality, and sustainability has earned it a reputation as a leader in the solar industry. Array Technologies has received several industry awards, including recognition from the Solar Power World Top Solar Contractor List, the New Mexico Manufacturing Association, and the New Mexico Business Weekly "Top 100" list.
Array Technologies is also a responsible corporate citizen, committed to environmental stewardship and social responsibility. The company's operations are guided by a strong commitment to sustainability, and it provides its customers with clean, renewable energy solutions. Additionally, Array Technologies is involved in several community initiatives, including charitable giving, volunteerism, and environmental conservation efforts.
Overall, Array Technologies is a leading provider of solar tracking systems, offering reliable, innovative, and sustainable solutions for utility-scale solar projects worldwide. With a commitment to quality, innovation, and sustainability, the company is well-positioned to continue its growth and leadership in the solar energy industry.
The company's flagship product is the DuraTrack HZ v3, a solar tracking system that maximizes energy production from photovoltaic (PV) modules. The DuraTrack HZ v3 can track the sun's movement from east to west throughout the day, enhancing the energy harvest by up to 20% compared to fixed-tilt systems. The product is designed with a patented self-powered independent row system, which allows for flexible installation configurations while reducing installation time and costs.
Array Technologies has an extensive portfolio of solar tracking systems, including the DuraTrack AZ v3, a single-axis tracker for lower-latitude regions, and the SmarTrack, an advanced dual axis tracking system that provides the highest energy results in the industry. The company's products are widely used in utility-scale solar projects, including large-scale installations in North America, Europe, Asia, South America, and Africa.
The company's commitment to innovation, quality, and sustainability has earned it a reputation as a leader in the solar industry. Array Technologies has received several industry awards, including recognition from the Solar Power World Top Solar Contractor List, the New Mexico Manufacturing Association, and the New Mexico Business Weekly "Top 100" list.
Array Technologies is also a responsible corporate citizen, committed to environmental stewardship and social responsibility. The company's operations are guided by a strong commitment to sustainability, and it provides its customers with clean, renewable energy solutions. Additionally, Array Technologies is involved in several community initiatives, including charitable giving, volunteerism, and environmental conservation efforts.
Overall, Array Technologies is a leading provider of solar tracking systems, offering reliable, innovative, and sustainable solutions for utility-scale solar projects worldwide. With a commitment to quality, innovation, and sustainability, the company is well-positioned to continue its growth and leadership in the solar energy industry.
Array Technologies Inc. operates in the renewable energy sector with a strong emphasis on solar power solutions, specifically focusing on solar tracking systems that enhance the efficiency and energy output of solar installations. The company is instrumental in helping large-scale solar projects generate more electricity by ensuring that solar panels maintain optimal alignment with the sun throughout the day.
Segments
Array Technologies primarily operates within the renewable energy segment, oriented towards solar power. The companys clientele is diverse, comprising:
- Utility-Scale Solar Developers: Firms that develop large solar energy projects intended for supply to electricity grids.
- Independent Power Providers: Companies that generate electricity, often from renewable sources, to sell to utilities or wholesale market participants.
- Engineering, Procurement, and Construction (EPC) Contractors: Firms responsible for the design, procurement of materials, and construction of solar power projects.
The company’s global reach allows it to tap into various geographic markets, adapting to differing regulatory environments and energy needs.
Products
Array Technologies boasts a carefully designed range of products that focus on maximizing the efficiency and productivity of solar power systems:
1. DuraTrack HZ v3: As the company’s flagship product, this horizontal single-axis solar tracker enhances energy production by optimizing the angle of the solar panels to capture maximum sunlight. This product is renowned for its robust design, reduced installation costs, and operational efficiency.
2. DuraTrack HZTL: This innovative dual-row horizontal single-axis tracker is specifically optimized for bifacial solar modules, which can generate power from both sides. By using this technology, projects can significantly increase energy yield, making it a cutting-edge solution for maximizing the performance of solar installations.
3. SmarTrack: This intelligent control system integrates advanced software that allows real-time performance analysis and monitoring. SmarTrack provides fault detection and remote management capabilities, ensuring that solar tracking systems operate at peak efficiency and that any issues can be identified and resolved promptly.
Services
Array Technologies offers a suite of professional services that support the entire lifecycle of solar power projects to ensure success from inception through to completion and maintenance:
1. Engineering and Design: The company provides specialized technical support in the design and engineering phases of solar projects, helping clients make informed decisions about their systems for optimal performance.
2. Site Analysis and Assessment: Array Technologies conducts thorough site analyses to help clients determine the most suitable locations for their solar installations, considering geographic and climatic factors that influence solar energy generation.
3. Project Management: The company offers comprehensive project management services throughout the project lifecycle. This includes planning, implementing, and overseeing solar projects to ensure they are delivered on time and within budget.
4. Installation and Commissioning: Array Technologies provides expert installation services for their solar tracking systems, ensuring that all systems are installed correctly and function optimally from the outset.
5. After-Sales Support: The importance of ongoing support is recognized through Array’s after-sales services, which encompass technical support and maintenance, helping to ensure the long-term reliability and efficiency of their solar tracking systems.
International Operations
Array Technologies has established a significant international presence, selling its products and services across various regions, including North America, Europe, Asia, and Latin America. This global footprint not only helps the company tap into emerging markets with growing renewable energy needs but also allows it to diversify its revenue channels and mitigate risks associated with regional fluctuations.
The company actively engages in partnerships and collaborations with local stakeholders to navigate different regulatory landscapes effectively. Its operational strategy includes adapting its offerings to meet local market needs, often customizing products for specific environmental and regulatory conditions.
By focusing on research and development and adapting to new market trends, Array Technologies is positioned to remain a leading player within the competitive landscape of solar energy, consistently innovating to enhance the performance and cost-effectiveness of solar power installations worldwide. This proactive approach to international operations further solidifies its role in advancing global renewable energy initiatives.
Segments
Array Technologies primarily operates within the renewable energy segment, oriented towards solar power. The companys clientele is diverse, comprising:
- Utility-Scale Solar Developers: Firms that develop large solar energy projects intended for supply to electricity grids.
- Independent Power Providers: Companies that generate electricity, often from renewable sources, to sell to utilities or wholesale market participants.
- Engineering, Procurement, and Construction (EPC) Contractors: Firms responsible for the design, procurement of materials, and construction of solar power projects.
The company’s global reach allows it to tap into various geographic markets, adapting to differing regulatory environments and energy needs.
Products
Array Technologies boasts a carefully designed range of products that focus on maximizing the efficiency and productivity of solar power systems:
1. DuraTrack HZ v3: As the company’s flagship product, this horizontal single-axis solar tracker enhances energy production by optimizing the angle of the solar panels to capture maximum sunlight. This product is renowned for its robust design, reduced installation costs, and operational efficiency.
2. DuraTrack HZTL: This innovative dual-row horizontal single-axis tracker is specifically optimized for bifacial solar modules, which can generate power from both sides. By using this technology, projects can significantly increase energy yield, making it a cutting-edge solution for maximizing the performance of solar installations.
3. SmarTrack: This intelligent control system integrates advanced software that allows real-time performance analysis and monitoring. SmarTrack provides fault detection and remote management capabilities, ensuring that solar tracking systems operate at peak efficiency and that any issues can be identified and resolved promptly.
Services
Array Technologies offers a suite of professional services that support the entire lifecycle of solar power projects to ensure success from inception through to completion and maintenance:
1. Engineering and Design: The company provides specialized technical support in the design and engineering phases of solar projects, helping clients make informed decisions about their systems for optimal performance.
2. Site Analysis and Assessment: Array Technologies conducts thorough site analyses to help clients determine the most suitable locations for their solar installations, considering geographic and climatic factors that influence solar energy generation.
3. Project Management: The company offers comprehensive project management services throughout the project lifecycle. This includes planning, implementing, and overseeing solar projects to ensure they are delivered on time and within budget.
4. Installation and Commissioning: Array Technologies provides expert installation services for their solar tracking systems, ensuring that all systems are installed correctly and function optimally from the outset.
5. After-Sales Support: The importance of ongoing support is recognized through Array’s after-sales services, which encompass technical support and maintenance, helping to ensure the long-term reliability and efficiency of their solar tracking systems.
International Operations
Array Technologies has established a significant international presence, selling its products and services across various regions, including North America, Europe, Asia, and Latin America. This global footprint not only helps the company tap into emerging markets with growing renewable energy needs but also allows it to diversify its revenue channels and mitigate risks associated with regional fluctuations.
The company actively engages in partnerships and collaborations with local stakeholders to navigate different regulatory landscapes effectively. Its operational strategy includes adapting its offerings to meet local market needs, often customizing products for specific environmental and regulatory conditions.
By focusing on research and development and adapting to new market trends, Array Technologies is positioned to remain a leading player within the competitive landscape of solar energy, consistently innovating to enhance the performance and cost-effectiveness of solar power installations worldwide. This proactive approach to international operations further solidifies its role in advancing global renewable energy initiatives.