Mind Technology (MIND) Gross Margin (2010 - 2026)
Mind Technology (MIND) posted quarterly Gross Margin of 42.36% for Q2 2026, up 21.0% year-over-year from 35.01% in Q2 2025, and up 3.97% quarter-over-quarter from 40.74% in Q1 2026.
Mind Technology (MIND) Gross Margin (2010 - 2026) Analysis & Trends
Mind Technology (MIND) has reported Gross Margin for 17 consecutive years, with 42.36% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 21.0% year-over-year to 42.36%; the TTM figure through Apr 2026 stood at 45.49% (up 95.0% YoY), while the FY2026 annual figure was 45.58%, up 84.0% from the prior year.
- Gross Margin advanced to 42.36% in Q2 2026 per MIND's latest filing, from 40.74% in the prior quarter.
- Across five years, Gross Margin topped out at 50.36% in Q3 2025 and bottomed at 2.26% in Q1 2022.
- Historically, Gross Margin has averaged 40.6% across 5 years, with a median of 43.17% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 3733 bps — and 2023, when it surged 4570 bps.
- Mind Technology's Gross Margin stood at 28.37% in 2022, then jumped by 60 bps to 45.3% in 2023, then dropped by 1 bps to 44.78% in 2024, then increased by 4 bps to 46.58% in 2025, then fell by 9 bps to 42.36% in 2026.
- Business Quant data shows MIND's Gross Margin at 42.36% in Q2 2026, 40.74% in Q1 2026, and 46.58% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.68 Bn | 54.02 Bn | 1.26 Bn | 62.41% |
| 2 | Keysight Technologies | 53.09 Bn | 50.68 Bn | 1.18 Bn | 68.61% |
| 3 | Coherent | 50.51 Bn | 48.52 Bn | 787.08 Mn | 38.48% |
| 4 | Teledyne Technologies | 29.23 Bn | 28.89 Bn | 738.10 Mn | 44.40% |
| 5 | Mks | 18.64 Bn | 18.03 Bn | 595.00 Mn | 47.68% |
| 6 | Fortive | 18.29 Bn | 17.92 Bn | 695.30 Mn | 63.39% |
| 7 | Trimble | 14.01 Bn | 13.80 Bn | 674.90 Mn | 69.43% |
| 8 | Cognex | 9.96 Bn | 9.56 Bn | 205.77 Mn | 70.65% |
| 9 | Esco Technologies | 7.35 Bn | 7.28 Bn | 141.52 Mn | 41.74% |
| 10 | Mind Technology | 41.59 Mn | 23.89 Mn | 4.10 Mn | 42.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 42.36% |
| Jan 31, 2026 | 40.74% |
| Oct 31, 2025 | 46.58% |
| Jul 31, 2025 | 50.36% |
| Apr 30, 2025 | 42.15% |
| Jan 31, 2025 | 43.54% |
| Oct 31, 2024 | 44.78% |
| Jul 31, 2024 | 47.61% |
| Apr 30, 2024 | 43.58% |
| Jan 31, 2024 | 46.65% |
| Oct 31, 2023 | 45.30% |
| Jul 31, 2023 | 38.90% |
| Apr 30, 2023 | 42.80% |
| Jan 31, 2023 | 47.96% |
| Oct 31, 2022 | 28.37% |
| Jul 31, 2022 | 40.61% |
| Apr 30, 2022 | 36.19% |
| Jan 31, 2022 | 2.26% |
| Oct 31, 2021 | 37.98% |
| Jul 31, 2021 | 32.67% |