Guardant Health (GH) Gross Margin (2024 - 2026)
Guardant Health's (GH) quarterly Gross Margin came in at 65.39% in Q2 2026, up 37.0% year-over-year from 47.73% in Q2 2025, and little changed quarter-over-quarter from 65.22% in Q1 2026.
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Guardant Health (GH) Gross Margin (2024 - 2026) Analysis & Trends
Guardant Health has disclosed Gross Margin across 3 years of filings, most recently posting 65.39% for Q2 2026.
- In Q2 2026, Gross Margin rose 37.0% year-over-year to 65.39%; the TTM figure through Jun 2026 stood at 65.01% (up 217.0% YoY), while the FY2025 annual figure was 64.46%, up 367.0% from the prior year.
- Gross Margin came in at 65.39% for Q2 2026 at Guardant Health, roughly flat from 65.22% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 65.39% in Q2 2026 to a low of 59.14% in Q2 2024.
- Average Gross Margin over 3 years is 63.13%, with a median of 63.95% recorded in 2025.
- Year-over-year, Gross Margin soared 587 bps in 2025 and jumped 37 bps in 2026.
- Over 3 years, Gross Margin stood at 61.55% in 2024, then rose by 5 bps to 64.63% in 2025, then grew by 1 bps to 65.39% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 65.39% in Q2 2026, 65.22% in Q1 2026, and 64.63% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 64.58% |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | 33.75% |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | 29.80% |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 65.39% |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 71.70% |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 69.16% |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | 55.38% |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 70.45% |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 71.82% |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 72.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.39% |
| Mar 31, 2026 | 65.22% |
| Dec 31, 2025 | 64.63% |
| Sep 30, 2025 | 64.71% |
| Jun 30, 2025 | 65.01% |
| Mar 31, 2025 | 63.28% |
| Dec 31, 2024 | 61.55% |
| Sep 30, 2024 | 61.10% |
| Jun 30, 2024 | 59.14% |
| Mar 31, 2024 | 61.25% |