SolarMax Technology (SMXT) Gross Margin (2023 - 2026)

SolarMax Technology (SMXT) reported Gross Margin of 20.54% for Q1 2026, up 6.0% year-over-year from 19.38% in Q1 2025, and up 665.14% quarter-over-quarter from 2.68% in Q4 2025.

SolarMax Technology (SMXT) Gross Margin (2023 - 2026) Analysis & Trends

SolarMax Technology (SMXT) has 4 years of Gross Margin data on file, last reported at 20.54% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 20.54%, up 6.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.92% (down 1146.0% YoY), and the FY2025 annual result was 4.65%, down 542.0% from the prior year.
  • Gross Margin rose to 20.54% in Q1 2026 per SMXT's latest filing, from 2.68% in the prior quarter.
  • Over five years, Gross Margin peaked at 346.98% in Q1 2024 and troughed at 2.68% in Q4 2025.
  • A 4-year average of 40.98% and a median of 16.1% in 2023 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2024 and 2025: Gross Margin soared 33087 bps in 2024, then slumped 32649 bps in 2025.
  • A 4-year view of Gross Margin shows it stood at 24.08% in 2023, then sank by 40 bps to 14.5% in 2024, then tumbled by 81 bps to 2.68% in 2025, then surged by 665 bps to 20.54% in 2026.
  • Business Quant data shows SMXT's Gross Margin at 20.54% in Q1 2026, 2.68% in Q4 2025, and 3.12% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 46.55%
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 33.77%
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 35.49%
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 21.99%
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 75.28%
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 29.18%
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 28.20%
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 8.32%
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 42.84%
10 SolarMax Technology 21.92 Mn 17.61 Mn 3.05 Mn 20.54%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.54%
Dec 31, 2025 2.68%
Sep 30, 2025 3.12%
Jun 30, 2025 8.78%
Mar 31, 2025 20.48%
Dec 31, 2024 14.50%
Sep 30, 2024 19.86%
Jun 30, 2024 13.20%
Mar 31, 2024 346.98%
Dec 31, 2023 24.08%
Sep 30, 2023 28.36%
Jun 30, 2023 14.10%
Mar 31, 2023 16.10%