Array Technologies (ARRY) Gross Margin (2019 - 2026)
Array Technologies' quarterly Gross Margin came in at 28.2% in Q1 2026, up 292.0% year-on-year from 7.19% in Q1 2025, and up 229.78% quarter-over-quarter from 8.55% in Q4 2025.
Array Technologies has reported Gross Margin for 8 years, with the latest figure at 28.2% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 292.0% year-over-year to 28.2%; the trailing twelve-month figure through Mar 2026 stood at 23.66% (down 630.0% YoY), and the FY2025 full-year result 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.
- Average Gross Margin over 5 years is 23.78%, with a median of 25.89% recorded in 2023.
- Year-over-year, Gross Margin surged 2106 bps in 2022 and plunged 1990 bps in 2025.
- Tracing ARRY's Gross Margin over 5 years: stood at 19.12% in 2022, then climbed by 29 bps to 24.66% in 2023, then increased by 15 bps to 28.46% in 2024, then tumbled by 70 bps to 8.55% in 2025, then jumped 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 33.77% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.22% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 35.49% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 75.28% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 29.18% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 28.20% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 8.32% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 42.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 18.60% |
| Dec 31, 2020 | 19.63% |
| Sep 30, 2020 | 19.17% |
| Jun 30, 2020 | 19.32% |
| Mar 31, 2020 | 27.05% |
| Dec 31, 2019 | 26.97% |
| Sep 30, 2019 | 23.73% |