Albuquerque, New Mexico-based Array Technologies (NASDAQ:ARRY), a leading provider of solar tracking systems and related products for utility-scale and distributed generation solar projects, reported fourth-quarter and full-year 2025 financial results on February 20, 2026, alongside 2026 guidance reflecting its streamlined focus on core solar operations following major spectrum asset sales.
For the full year 2025, Array reported revenue of $163 million, net income attributable to shareholders of $169.7 million, and diluted earnings per share of $1.94.
The outsized profitability was driven primarily by substantial one-time gains from the divestiture of non-core wireless operations and spectrum holdings, which generated significant cash proceeds used to fund special dividends to shareholders.
In the fourth quarter of 2025, revenue totaled $60.3 million, with diluted EPS of $0.48, reflecting continued execution in the solar tracker market amid variable project timing and competitive dynamics in the renewable energy sector.
Array also successfully closed the sale of its wireless operations and spectrum assets to T-Mobile during 2025.
Additionally, the company completed the sale of its 3.45GHz and 700MHz licenses to AT&T on January 13, 2026.
Proceeds from these transactions enabled Array to return substantial capital to shareholders through special dividends of $23 per share and $10.25 per share, significantly enhancing total shareholder returns beyond ongoing operations.
For 2026, Array issued guidance projecting total revenue in the range of $200 million to $215 million, adjusted EBITDA of $200 million to $215 million, and adjusted OIBDA (Operating Income Before Depreciation and Amortization, a non-GAAP measure) of $50 million to $65 million.