uCloudlink (UCL) Gross Margin (2019 - 2026)
uCloudlink's Gross Margin was 50.24% in Q2 2026, down 2.55 percentage points from 52.79% a year earlier but up 1.17 percentage points from the prior quarter.
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Analysis
uCloudlink (UCL) Gross Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, uCloudlink's Gross Margin was 51.26% through Jun 30, 2026, up 2.78 percentage points year-over-year; for FY2025, it came in at 52.40%, up 3.99 percentage points from FY2024.
- Gross Margin shows a five-year change of +20.80 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 48.41% in FY2024 (-0.63 pp), 49.04% in FY2023 (+3.51 pp), 45.53% in FY2022 (+15.95 pp) and 29.58% in FY2021 (-2.03 pp).
- Quarterly Gross Margin has moved between 28.26% (Q3 2021) and 55.18% (Q1 2024) over five years.
- Compared with a year earlier, Gross Margin was higher in three of the last eight quarters, with an average year-over-year change of -0.38 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2022 (a gain of 20.34 percentage points); the worst was Q4 2024 (a drop of 8.92 percentage points).
- Per Business Quant data, UCL's Gross Margin in the three quarters before Q2 2026 was 49.07% (Q1 2026), 51.58% (Q4 2025) and 53.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,023.38 Bn | 4,770.87 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 420.72 Bn | 356.65 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 294.35 Bn | 250.10 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 227.93 Bn | 181.39 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 201.48 Bn | 190.00 Bn | 7.58 Bn | 84.57% |
| 6 | Sony | 149.43 Bn | 86.69 Bn | 6.53 Bn | 36.70% |
| 7 | Seagate Technology Holdings | 145.90 Bn | 140.89 Bn | 1.90 Bn | 52.30% |
| 8 | Western Digital | 122.20 Bn | 110.33 Bn | 2.03 Bn | 54.12% |
| 9 | Hewlett Packard Enterprise | 74.35 Bn | 52.23 Bn | 4.93 Bn | 40.34% |
| 10 | uCloudlink | 8.75 Mn | -105.79 Mn | 9.16 Mn | 50.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 50.24% |
| Mar 31, 2026 | 49.07% |
| Dec 31, 2025 | 51.58% |
| Sep 30, 2025 | 53.55% |
| Jun 30, 2025 | 52.79% |
| Mar 31, 2025 | 51.68% |
| Dec 31, 2024 | 43.04% |
| Sep 30, 2024 | 48.39% |
| Jun 30, 2024 | 49.18% |
| Mar 31, 2024 | 55.18% |
| Dec 31, 2023 | 51.97% |
| Sep 30, 2023 | 51.15% |
| Jun 30, 2023 | 44.89% |
| Mar 31, 2023 | 47.77% |
| Dec 31, 2022 | 51.31% |
| Sep 30, 2022 | 47.67% |
| Jun 30, 2022 | 44.14% |
| Mar 31, 2022 | 37.37% |
| Dec 31, 2021 | 30.96% |
| Sep 30, 2021 | 28.26% |
API Access
uCloudlink 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=UCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "UCL", "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=UCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();