Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize the financial results by segment during the periods presented (in thousands):

	Three Months Ended March 31, 2026
	Array Legacy Operations		STI Operations		Consolidated
Segment revenue	$	217,381	$	6,031	$	223,412
Less:
Product cost(1)	134,759		8,107		142,866
Amortization of developed technology and backlog	5,614		—		5,614
Depreciation	1,674		—		1,674
Other costs(2)	10,077		177		10,254
Gross profit (loss)	65,257		(2,253)		63,004
Total operating expenses	—		—		(55,895)
Total other expense, net	—		—		(2,984)
Loss before income taxes					$	4,125
Segment assets	1,265,004		210,023		1,475,027
Capital expenditures	7,018		493		7,511
Depreciation and amortization	12,403		2,962		15,365
Interest income	2,188		199		2,387
Interest expense	5,380		183		5,563

	Three Months Ended March 31, 2025
	Array Legacy Operations		STI Operations		Consolidated
Segment revenue	$	213,214	$	89,149	$	302,363
Less:
Product cost(1)	133,340		76,758		210,098
Amortization of developed technology and backlog	3,639		—		3,639
Depreciation	550		33		583
Other costs(2)	10,004		1,611		11,615
Gross profit	65,681		10,747		76,428
Total operating expenses	—		—		(49,144)
Total other expense, net	—		—		(4,004)
Income before income taxes					$	23,280
Segment assets	1,005,615		420,143		1,425,758
Capital expenditures	2,214		138		2,352
Depreciation and amortization	6,901		2,670		9,571
Interest income	3,047		272		3,319
Interest expense	7,522		513		8,035

(1) Includes 45X benefits realized.

(2) Other is primarily comprised of outbound freight and certain overhead costs. Outbound freight for the three months ended March 31, 2026 and 2025 for Array Legacy Operations was $9.5 million and $9.9 million, respectively.