Array Technologies (ARRY) Gross Margin (2019 - 2026)
Array Technologies (ARRY) recorded Gross Margin of 29.12% in Q2 2026, up 2.31 percentage points from 26.81% a year earlier and up 0.92 percentage points from the prior quarter.
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Analysis
Array Technologies (ARRY) Gross Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Array Technologies' Gross Margin came in at 24.27% as of Jun 30, 2026, down 3.92 percentage points year-over-year; for FY2025, it came in at 23.25%, down 9.26 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +0.01 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 32.50% in FY2024 (+6.15 pp), 26.36% in FY2023 (+13.37 pp), 12.99% in FY2022 (+4.99 pp) and 8.00% in FY2021 (-15.24 pp).
- The Q2 2026 figure is the highest quarterly Gross Margin since Q3 2024.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of -3.30 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 21.06 percentage points in Q4 2022, against a drop of 21.58 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 28.20% (Q1 2026), 8.55% (Q4 2025) and 26.85% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 49.89% |
| 10 | Array Technologies | 614.49 Mn | -359.42 Mn | 99.60 Mn | 29.12% |
Historic Data
Download Data
Historic 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% |
API Access
Array Technologies 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=ARRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ARRY", "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=ARRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();