An array substrate, a method for fabricating the same and a display device are disclosed. The array substrate includes a substrate, and a first insulating layer and a thin film transistor which are arranged on the substrate in this order. The first insulating layer includes a colored region which is configured to absorb light. An orthographic projection of the colored region on the substrate at least covers an orthographic projection of the active layer of the thin film transistor on the substrate. By arranging the colored region of the first insulating layer, the light with a short wavelength from an external light source is absorbed. Thus, a channel of the active layer is protected, stable performance of a device is realized, and a service life of the device is prolonged.