Array Technologies (ARRY) Gross Margin (2019 - 2026)

Array Technologies (ARRY) recorded quarterly Gross Margin of 28.2% in Q1 2026, up 229.78% quarter-over-quarter from 8.55% in Q4 2025, and up 292.0% on a YoY basis from 7.19% in Q1 2025.

Array Technologies (ARRY) Gross Margin (2019 - 2026) Analysis & Trends

Array Technologies' Gross Margin history runs 8 years deep, the most recent figure standing at 28.2% for Q1 2026.

  • In Q1 2026, Gross Margin rose 292.0% year-over-year to 28.2%; the TTM figure through Mar 2026 stood at 23.66% (down 630.0% YoY), while the FY2025 annual figure was 23.25%, down 926.0% from the prior year.
  • Gross Margin was 28.2% for Q1 2026 at Array Technologies, up from 8.55% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 35.91% in Q1 2024 to a low of 8.55% in Q4 2025.
  • Historically, Gross Margin has averaged 23.78% across 5 years, with a median of 25.89% in 2023.
  • The sharpest annual moves came in 2022 and 2025: Gross Margin soared 2106 bps in 2022, then plunged 1990 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 19.12% in 2022, then advanced by 29 bps to 24.66% in 2023, then grew by 15 bps to 28.46% in 2024, then plunged by 70 bps to 8.55% in 2025, then soared by 230 bps to 28.2% in 2026.
  • The last three Gross Margin figures came in at 28.2% (Q1 2026), 8.55% (Q4 2025), and 26.85% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 46.55%
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 33.77%
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 35.49%
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 21.99%
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 75.28%
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 29.18%
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 28.20%
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 8.32%
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 42.84%
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 28.20%
Dec 31, 2025 8.55%
Sep 30, 2025 26.85%
Jun 30, 2025 26.81%
Mar 31, 2025 25.28%
Dec 31, 2024 28.46%
Sep 30, 2024 33.84%
Jun 30, 2024 33.61%
Mar 31, 2024 35.91%
Dec 31, 2023 24.66%
Sep 30, 2023 24.93%
Jun 30, 2023 28.83%
Mar 31, 2023 25.89%
Dec 31, 2022 19.12%
Sep 30, 2022 14.87%
Jun 30, 2022 9.51%
Mar 31, 2022 8.85%
Dec 31, 2021 -1.94%
Sep 30, 2021 3.13%
Jun 30, 2021 10.44%