KalrayFRA:3FS +6.38%53 Gross Margin % is 142.66% as of Dec. 2025, which is 69% below its 10-year median of 463.31. GuruFocus rates FRA:3FS with a GF Score™ of 53/100 and a GF Value™ of €3.40 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,010 Semiconductors companies, Kalray ranks better than 99.7% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Kalray's Gross Profit for the
six
months ended in Dec. 2025 was €12.20 Mil. Kalray's Revenue for the
six
months ended in Dec. 2025 was €8.55 Mil. Therefore, Kalray's Gross Margin % for the quarter that ended in Dec. 2025 was 142.66%.
Warning Sign:
Kalray SA gross margin has been in long-term decline. The average rate of decline per year is -32.6%.
The historical rank and industry rank for Kalray's Gross Margin % or its related term are showing as below:
FRA:3FS'
s Gross Margin % Range Over the Past 10 Years
Min: 114.61 Med: 463.31 Max: 803.97
Current: 145.2
During the past 11 years, the highestGross Margin % of Kalray was 803.97%. The lowest was 114.61%. And the median was 463.31%.
FRA:3FS's Gross Margin % is ranked better than 99.7% of 1010
companies
in the Semiconductors industry
Industry Median: 29.61
vs FRA:3FS: 145.20
Kalray had a gross margin of 142.66% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Kalray was -32.60% per year.
Kalray (FRA:3FS) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Kalray had a gross margin of 142.66% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Kalray Gross Margin % Related Terms
Kalray Gross Margin % Historical Data
* Premium members only.
The historical data trend for Kalray's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:3FS vs NVDA, AVGO, MU: Gross Margin % Comparison
For the Semiconductors subindustry, Kalray's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kalray Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Kalray's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Kalray's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Kalray (FRA:3FS) has a Gross Margin % of 142.66% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Kalray and its competitors. This is 69% below median its historical median of 463.31. Over the past decade, Kalray's Gross Margin % has ranged from 114.61 to 803.97. According to the industry distribution chart, Kalray ranks #3 out of 1010 companies in the Semiconductors industry, placing it in the top 0.3%.
Is Kalray's Gross Margin % too high?
Kalray's current Gross Margin % of 142.66% is 69% below median its 10-year median of 463.31. Over the past 10 years, this metric has ranged from a low of 114.61 to a high of 803.97. The Semiconductors industry median Gross Margin % is 29.61. Kalray's value of 142.66% is 381.8% above this industry median. Based on the distribution chart, Kalray ranks #3 out of 1010 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Kalray has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kalray's Gross Margin % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Kalray ranks #3 out of 1010 companies for Gross Margin %. This places Kalray in the top 0% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.61. Kalray's value of 142.66% is 381.8% above this benchmark. Historically, Kalray's own Gross Margin % has ranged from 114.61 to 803.97 over the past decade. While the company's 10-year median is 463.31 vs. the industry median of 29.61, Kalray has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kalray's current Gross Margin % of 142.66% is 381.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Kalray and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kalray's current Gross Margin % is 142.66%, which is 69% below median its own 10-year median of 463.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalray stock overvalued right now?
Based on GuruFocus' analysis, Kalray (FRA:3FS) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.40, compared to a current price of €8.50 — trading 150% above its estimated fair value. The current Gross Margin % is 142.66%, which is 69% below median its 10-year median of 463.31 and 381.8% above the Semiconductors industry median of 29.61. Kalray's overall GF Score™ is 53/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Kalray (FRA:3FS), the current Gross Margin % is 142.66% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kalray (FRA:3FS) Overvalued in 2026?
Based on GuruFocus' analysis, Kalray stock appears to be overvalued.
The current stock price of €8.50 is trading 150% above its estimated GF Value™ of €3.40.
GuruFocus considers Kalray to be Significantly Overvalued.
Key valuation signals for FRA:3FS:
Gross Margin %: 142.66% (69% below median its 10-year median of 463.31)
GF Value™: €3.40 vs. price of €8.50 (150% above fair value)
Industry Position: 381.8% above the Semiconductors median (#3 of 1010)
No single metric tells the full story. See the FRA:3FS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalray SA is engaged in developing large-scale core processor solutions that offer high performance, low power consumption and real-time processing. Its MPPA processor family, based on its patented supercomputing on a chip many-core technology, delivers differentiated solutions for server acceleration and data center optimization, as well as for critical embedded applications in aerospace, defense and automotive.
53GF Score
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