Array Technologies (ARRY) Gross Margin (2019 - 2026)
Array Technologies' (ARRY) 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 (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.
- On a quarterly basis, Gross Margin rose 292.0% year-over-year to 28.2% in Q1 2026; TTM through Mar 2026 was 23.66%, a 630.0% decrease from a year earlier, with the FY2025 full-year figure at 23.25%, down 926.0% from the prior year.
- Gross Margin advanced to 28.2% in Q1 2026 per ARRY's latest filing, from 8.55% in the prior quarter.
- Across five years, Gross Margin topped out at 35.91% in Q1 2024 and bottomed at 8.55% in Q4 2025.
- The 5-year median for Gross Margin is 25.89% (2023), against an average of 23.78%.
- Across the five-year window, Gross Margin surged 2106 bps in 2022 and plunged 1990 bps in 2025, its largest moves.
- Year by year, Gross Margin 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 slumped by 70 bps to 8.55% in 2025, then soared by 230 bps to 28.2% in 2026.
- Per Business Quant, the three latest ARRY Gross Margin figures stand at 28.2% (Q1 2026), 8.55% (Q4 2025), and 26.85% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 35.49% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 8.32% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 56.42% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 29.18% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 10.22% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 28.20% |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 33.45% |
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% |