Guardant Health (GH) Gross Margin (2024 - 2026)
Guardant Health (GH) posted Gross Margin of 65.39% for Q2 2026, little changed sequentially from 65.22% in Q1 2026, and up 37.0% YoY from 47.73% in Q2 2025.
Guardant Health (GH) Gross Margin (2024 - 2026) Analysis & Trends
Guardant Health has reported Gross Margin for 3 years, with the latest figure at 65.39% in Q2 2026.
- Quarterly Gross Margin rose 37.0% year-over-year to 65.39% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 65.01% (up 217.0% YoY) and the FY2025 annual result came in at 64.46%, up 367.0% from the prior year.
- Gross Margin held at 65.39% in Q2 2026 per GH's latest filing, from 65.22% in the prior quarter.
- Over five years, Gross Margin peaked at 65.39% in Q2 2026 and troughed at 59.14% in Q2 2024.
- A 3-year average of 63.13% and a median of 63.95% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2025 and 2026: Gross Margin jumped 587 bps in 2025, then surged 37 bps in 2026.
- Over 3 years, Gross Margin stood at 61.55% in 2024, then advanced by 5 bps to 64.63% in 2025, then rose by 1 bps to 65.39% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 65.39%, 65.22%, and 64.63% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.88 Bn | 209.81 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 140.65 Bn | 136.30 Bn | 3.61 Bn | 57.64% |
| 3 | Idexx Laboratories | 46.02 Bn | 45.83 Bn | 779.09 Mn | 64.04% |
| 4 | Agilent Technologies | 39.85 Bn | 38.05 Bn | 990.00 Mn | 53.95% |
| 5 | Iqvia Holdings | 39.20 Bn | 37.12 Bn | 1.44 Bn | 32.85% |
| 6 | Natera | 38.80 Bn | 37.70 Bn | 696.04 Mn | 99.91% |
| 7 | Illumina | 30.11 Bn | 28.94 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.66 Bn | 28.61 Bn | 650.22 Mn | 63.29% |
| 9 | Quest Diagnostics | 26.24 Bn | 25.61 Bn | 1.03 Bn | 33.75% |
| 10 | Guardant Health | 21.59 Bn | 20.53 Bn | 219.03 Mn | 65.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 65.39% |
| Mar 31, 2026 | 65.22% |
| Dec 31, 2025 | 188.71% |
| Sep 30, 2025 | 64.71% |
| Jun 30, 2025 | 65.01% |
| Mar 31, 2025 | 63.28% |
| Dec 31, 2024 | 205.15% |
| Sep 30, 2024 | 61.10% |
| Jun 30, 2024 | 59.14% |
| Mar 31, 2024 | 61.25% |