Iridex (IRIX) Gross Margin (2010 - 2026)
Iridex (IRIX) recorded quarterly Gross Margin of 40.18% in Q2 2026, up 8.02% quarter-over-quarter from 37.2% in Q1 2026, and down 231.0% on a YoY basis from 30.67% in Q2 2025.
Iridex (IRIX) Gross Margin (2010 - 2026) Analysis & Trends
Iridex's Gross Margin history runs 17 years deep, the most recent figure standing at 40.18% for Q2 2026.
- In Q2 2026, Gross Margin fell 231.0% year-over-year to 40.18%; the TTM figure through Apr 2026 stood at 35.97% (down 521.0% YoY), while the FY2026 annual figure was 36.5%, down 357.0% from the prior year.
- Gross Margin was 40.18% for Q2 2026 at Iridex, up from 37.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 45.56% in Q3 2022 to a low of 32.15% in Q3 2025.
- Historically, Gross Margin has averaged 40.87% across 5 years, with a median of 42.11% in 2023.
- The sharpest annual moves came in 2024 and 2026: Gross Margin jumped 479 bps in 2024, then plunged 680 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 43.86% in 2022, then dropped by 11 bps to 39.21% in 2023, then gained by 12 bps to 44.0% in 2024, then retreated by 27 bps to 32.15% in 2025, then gained by 25 bps to 40.18% in 2026.
- The last three Gross Margin figures came in at 40.18% (Q2 2026), 37.2% (Q1 2026), and 32.15% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 43.89% |
| 10 | Iridex | 19.91 Mn | 15.31 Mn | 4.74 Mn | 40.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 40.18% |
| Jan 3, 2026 | 37.20% |
| Sep 27, 2025 | 32.15% |
| Jun 28, 2025 | 34.50% |
| Mar 29, 2025 | 42.49% |
| Dec 28, 2024 | 44.00% |
| Sep 28, 2024 | 37.33% |
| Jun 29, 2024 | 40.65% |
| Mar 30, 2024 | 37.90% |
| Dec 30, 2023 | 39.21% |
| Sep 30, 2023 | 43.74% |
| Jul 1, 2023 | 41.72% |
| Apr 1, 2023 | 43.32% |
| Dec 31, 2022 | 43.86% |
| Oct 1, 2022 | 44.14% |
| Jul 2, 2022 | 45.56% |
| Apr 2, 2022 | 44.65% |
| Jan 1, 2022 | 43.05% |
| Oct 2, 2021 | 43.59% |
| Jul 3, 2021 | 45.49% |