Array Technologies (ARRY) Gross Margin (2019 - 2026)
Array Technologies (ARRY) posted Gross Margin of 29.12% for Q2 2026, up 3.25% on a QoQ basis from 28.2% in Q1 2026, and up 231.0% year-over-year from 8.8% in Q2 2025.
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Array Technologies (ARRY) Gross Margin (2019 - 2026) Analysis & Trends
Array Technologies has reported Gross Margin for 8 years, with the latest figure at 29.12% in Q2 2026.
- On a quarterly basis, Gross Margin rose 231.0% year-over-year to 29.12% in Q2 2026; TTM through Jun 2026 was 24.27%, a 392.0% decrease from a year earlier, with the FY2025 full-year figure at 23.25%, down 926.0% from the prior year.
- Gross Margin was 29.12% for Q2 2026 at Array Technologies, up from 28.2% 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 24.07%, with a median of 26.35% recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Gross Margin jumped 2106 bps in 2022, then tumbled 1990 bps in 2025.
- Over 5 years, Gross Margin 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 soared by 241 bps to 29.12% in 2026.
- The last three Gross Margin figures came in at 29.12% (Q2 2026), 28.2% (Q1 2026), and 8.55% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 59.97% |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | 27.48% |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | 19.63% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | 13.95% |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 29.12% |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | 4.15% |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | 31.28% |
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% |