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| 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% |