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
DateValue
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%