Array Technologies (ARRY) Gross Margin (2019 - 2026)
Array Technologies (ARRY) posted quarterly Gross Margin of 28.2% for Q1 2026, up 292.0% year-over-year from 7.19% in Q1 2025, and up 229.78% quarter-over-quarter from 8.55% in Q4 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 for Q1 2026 stood at 28.2%, up from 8.55% in the prior quarter.
- The five-year high for Gross Margin was 35.91% in Q1 2024, with the low at 8.55% in Q4 2025.
- The 5-year median for Gross Margin is 25.89% (2023), against an average of 23.78%.
- The sharpest annual moves came in 2022 and 2025: Gross Margin surged 2106 bps in 2022, then tumbled 1990 bps in 2025.
- Array Technologies' Gross Margin stood at 19.12% in 2022, then gained by 29 bps to 24.66% in 2023, then climbed by 15 bps to 28.46% in 2024, then tumbled by 70 bps to 8.55% in 2025, then surged by 230 bps to 28.2% in 2026.
- Business Quant data shows ARRY's Gross Margin at 28.2% in Q1 2026, 8.55% in Q4 2025, and 26.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 59.97% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 60.64% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 27.48% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 10.22% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 8.32% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 29.12% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 33.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.12% |
| 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% |