ARRYNasdaqSemiconductors & Related Devices

Array Technologies, Inc. (ARRY) earnings date, market-implied expected move, and options open interest by expiry

4.65

pre 4.95 +6.68%

Pre-market06:01 ETdelayed

Open4.83Volume22.3MMkt cap$714.6MEPS-0.98

Day4.83 – 5.0167%52-wk3.09 – 12.2320%

ARRY

Array Technologies, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±16.9%implied · straddle

3.855.43

spot 4.64exp Nov 20ATM strike 4.5ATM straddle 0.93IV 117%

Nov 3 close

Expected move

Inputs

Next report

Today

after close

est.Q3 FY26

Calendar

Next report

Last report

−6.91%

vs ±20.0% implied · ×0.35

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+26.09%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

266 managers

Top fund weight

0.03%

ARRY weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Array Technologies (ARRY) is expected to report on Nov 4 after close (estimated date). Implied ±16.9%, either direction. 2 of the last 8 reports moved at least as far as the implied move.

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±17.0%
avg realized: ±9.3%

Nov 7 '24Nov 7 '24confirmed±17.1%▼−2.58%×0.15

Feb 27 '25Feb 27 '25confirmed±18.8%▼−19.39%×1.03

May 6 '25May 6 '25confirmed±17.0%▲+4.46%×0.26

Aug 7 '25Aug 7 '25confirmed±13.8%▼−5.82%×0.42

Q3 FY25Nov 5 '25confirmed±16.5%▲+0.60%×0.04

Q1 FY26Feb 25 '26confirmed±16.3%▼−33.82%×2.07

May 6 '26May 6 '26confirmed±16.4%▲+0.86%×0.05

Q2 FY26Aug 5 '26confirmed±20.0%▼−6.91%×0.35

quarterimplied−35%0+35%realized×

Q2 FY26±20.0%▼−6.91%×0.35

May '26±16.4%▲+0.86%×0.05

Q1 FY26±16.3%▼−33.82%×2.07

Q3 FY25±16.5%▲+0.60%×0.04

Aug '25±13.8%▼−5.82%×0.42

May '25±17.0%▲+4.46%×0.26

2 older reports

Feb '25±18.8%▼−19.39%×1.03

Nov '24±17.1%▼−2.58%×0.15

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

0.43OI · 4 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6,7930%Nov 2016d15,690+6%

108+1%Dec 1844d0.32340+73%0.32

19,7250%Jan 1572d0.8523,1200%0.85

1,533+7%Apr 16163d0.602,554+1%0.60

ExpiryPutsCallsP/C

Nov 2016d6,7930%15,690+6%0.43

Dec 1844d108+1%340+73%0.32

Jan 1572d19,7250%23,1200%0.85

Apr 16163d1,533+7%2,554+1%0.60

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±16.9%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

7.12%as filednet margin · revenue +53.11% QoQ · −5.57% YoY

Revenue

$342M+53.11% QoQ

Gross profit

$100M+58.09% QoQ

29.12% margin

Operating income

$35M+389.03% QoQ

10.16% margin

Pre-tax income

$32M+669.04% QoQ

Net income

$24M+1119.13% QoQ

7.12% margin

Cost of revenue

$242M+51.15% QoQ

Operating expenses

$65M+16.00% QoQ

SG&A $54M

Depreciation $8M

Other operating $2M

Other expense

$3M

Tax

$7M+246.66% QoQ

Revenue$342M+53.11%

Gross profit

$100M+58.09%

29.12% margin

Operating income

$35M+389.03%

10.16% margin

Pre-tax income

$32M+669.04%

Net income

$24M+1119.13%

7.12% margin

Cost of revenue

$242M+51.15%

Operating expenses

$65M+16.00%

SG&A $54M

Depreciation $8M

Other operating $2M

Other expense

$3M

Tax$7M+246.66%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 06:00 ET

Intraday

Event sensitivity

PPI ×1.18· ±4.4% vs ±3.7% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±4.4%7 of 11×1.18

NFPjobs report±4.1%6 of 10×1.11

FOMCrate decision±3.6%12 of 24×0.98

CPIconsumer prices±3.5%4 of 11×0.95

PCEpersonal income & outlays±3.3%9 of 20×0.89

GDPgross domestic product±3.2%12 of 20×0.86

CPROFcorporate profits±2.4%7 of 12×0.63

Bar = avg |move| to ±5% · tick = ±3.7% avg day · ×base = |move| ÷ ±3.7% · min 6 releases

Earnings history

EPS 0.05 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.05	—
Q1 FY26	Feb 25 '26 · confirmed	-0.09	—
Q3 FY25	Nov 5 '25 · confirmed	0.12	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod