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Array Technologies Inc (NASDAQ:ARRY) Reports Mixed Q4 Results Amid Record Backlog and Sharp Stock Decline
Array Technologies (NASDAQ:ARRY) reported mixed Q4 2025 financial results, with revenue surpassing expectations but adjusted earnings per share missing, leading to a significant stock decline. Despite a record $2.2 billion order backlog and a robust full-year 2025 revenue growth, the company faced substantial profitability headwinds due to one-time charges and a soft Q1 2026 outlook. Investors reacted negatively to the short-term challenges, prioritizing profitability concerns over the long-term demand indicated by the backlog.