Array Digital Infrastructure (AD) Gross Margin (2009 - 2026)
Array Digital Infrastructure (AD) reported Gross Margin of 56.54% for Q2 2026, up 24.53 percentage points from 32.01% a year earlier but down 1.91 percentage points from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Array Digital Infrastructure's Gross Margin came in at 58.36%, up 27.42 percentage points year-over-year; for FY2025, it was 51.22%, up 22.14 percentage points from FY2024.
- Gross Margin has a five-year change of -4.36 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 29.08% in FY2024 (-3.34 pp), 32.43% in FY2023 (-20.30 pp), 52.72% in FY2022 (-0.99 pp) and 53.71% in FY2021 (-1.87 pp).
- Five-year quarterly Gross Margin spans a low of 22.67% in Q4 2024 and a high of 62.17% in Q4 2025.
- Year over year, Gross Margin has now increased in each of the last four quarters, with an average year-over-year change of +5.28 percentage points over the last seven quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2025 (a gain of 39.50 percentage points); the low point was Q3 2024 (a drop of 28.07 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 58.45% (Q1 2026), 62.17% (Q4 2025) and 55.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 78.00 Bn | 77.74 Bn | 2.72 Bn | 98.79% |
| 2 | Digital Realty Trust | 65.33 Bn | 55.85 Bn | - | - |
| 3 | Crown Castle | 28.57 Bn | 27.31 Bn | 989.00 Mn | 98.12% |
| 4 | Sba Communications | 17.27 Bn | 17.36 Bn | 539.27 Mn | 75.39% |
| 5 | Lamar Advertising | 12.72 Bn | 12.54 Bn | 422.53 Mn | 68.51% |
| 6 | OUTFRONT Media | 4.93 Bn | 4.69 Bn | 276.40 Mn | 52.90% |
| 7 | Array Digital Infrastructure | 2.93 Bn | 1.83 Bn | 30.57 Mn | 56.54% |
| 8 | IHS Holding | 2.81 Bn | -54.39 Mn | 207.10 Mn | 48.32% |
| 9 | Fermi | 2.73 Bn | 1.87 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 478.09 Mn | 241.86 Mn | 55.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.54% |
| Mar 31, 2026 | 58.45% |
| Dec 31, 2025 | 62.17% |
| Sep 30, 2025 | 55.48% |
| Jun 30, 2025 | 32.01% |
| Mar 31, 2025 | 39.63% |
| Dec 31, 2024 | 22.67% |
| Sep 30, 2024 | 29.05% |
| Jun 30, 2024 | 57.82% |
| Mar 31, 2024 | 58.11% |
| Sep 30, 2023 | 57.11% |
| Jun 30, 2023 | 56.32% |
| Mar 31, 2023 | 55.88% |
| Dec 31, 2022 | 51.38% |
| Sep 30, 2022 | 49.12% |
| Jun 30, 2022 | 54.53% |
| Mar 31, 2022 | 56.24% |
| Dec 31, 2021 | 50.61% |
| Sep 30, 2021 | 55.02% |
| Jun 30, 2021 | 54.44% |
API Access
Array Digital Infrastructure Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();