Ses Ai (SES) Gross Margin (2025 - 2026)
Ses Ai's Gross Margin came in at 22.61% for Q2 2026, down 51.10 percentage points from 73.72% a year earlier but up 4.51 percentage points from the prior quarter.
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Analysis
Ses Ai (SES) Gross Margin (2025 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Ses Ai reported Gross Margin of 27.75%; for FY2025, it was 53.84%, down 9.29 percentage points from FY2024.
- Going back by year, Gross Margin was 63.14% in FY2024.
- The five-year range for quarterly Gross Margin is 11.27% (Q4 2025) to 78.66% (Q1 2025).
- Business Quant data shows SES's Gross Margin at 18.10% (Q1 2026), 11.27% (Q4 2025) and 51.08% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 49.89% |
| 10 | Ses Ai | 176.72 Mn | 176.73 Mn | 1.15 Mn | 22.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.61% |
| Mar 31, 2026 | 18.10% |
| Dec 31, 2025 | 11.27% |
| Sep 30, 2025 | 51.08% |
| Jun 30, 2025 | 73.72% |
| Mar 31, 2025 | 78.66% |
API Access
Ses Ai Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();