Array TechnologiesFRA:9AY -3.22%74 Gross Margin % is 28.20% as of Mar. 2026, which is 21% above its 10-year median of 23.25. GuruFocus rates FRA:9AY with a GF Score™ of 74/100 and a GF Value™ of €8.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,008 Semiconductors companies, Array Technologies ranks worse than 62.4% on this metric.
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
Array Technologies had a gross margin of 28.20% for the quarter that ended in Mar. 2026 => Competition eroding margins
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.
Array Technologies Gross Margin % Related Terms
Array Technologies Gross Margin % Historical Data
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The historical data trend for Array Technologies'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:9AY vs CSIQ, JKS, SHLS: Gross Margin % Comparison
For the Solar subindustry, Array Technologies'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.
Array Technologies Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Array Technologies's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Array Technologies'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.
Array Technologies (FRA:9AY) has a Gross Margin % of 28.20% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Array Technologies and its competitors. This is 21% above median its historical median of 23.25. Over the past decade, Array Technologies' Gross Margin % has ranged from 3.97 to 32.50. According to the industry distribution chart, Array Technologies ranks #629 out of 1008 companies in the Semiconductors industry, placing it in the top 62.4%.
Is Array Technologies' Gross Margin % too high?
Array Technologies' current Gross Margin % of 28.20% is 21% above median its 10-year median of 23.25. Over the past 10 years, this metric has ranged from a low of 3.97 to a high of 32.50. The Semiconductors industry median Gross Margin % is 29.61. Array Technologies' value of 28.20% is 4.8% below this industry median. Based on the distribution chart, Array Technologies ranks #629 out of 1008 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Array Technologies has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Array Technologies' Gross Margin % compare to CSIQ and JKS?
According to the Semiconductors industry distribution chart, Array Technologies ranks #629 out of 1008 companies for Gross Margin %. This places Array Technologies in the lower half of its industry. The industry median Gross Margin % is 29.61. Array Technologies' value of 28.20% is 4.8% below this benchmark. Historically, Array Technologies' own Gross Margin % has ranged from 3.97 to 32.50 over the past decade. While the company's 10-year median is 23.25 vs. the industry median of 29.61, Array Technologies has consistently been below 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 1,008 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. Array Technologies's current Gross Margin % of 28.20% is 4.8% below 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 Array Technologies 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. Array Technologies's current Gross Margin % is 28.20%, which is 21% above median its own 10-year median of 23.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Technologies stock overvalued right now?
Based on GuruFocus' analysis, Array Technologies (FRA:9AY) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.21, compared to a current price of €6.02 — trading 26.7% below its estimated fair value. The current Gross Margin % is 28.20%, which is 21% above median its 10-year median of 23.25 and 4.8% below the Semiconductors industry median of 29.61. Array Technologies' overall GF Score™ is 74/100 with 3 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 Array Technologies (FRA:9AY), the current Gross Margin % is 28.20% as of Mar. 2026. 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 Array Technologies (FRA:9AY) Overvalued in 2026?
Based on GuruFocus' analysis, Array Technologies stock appears to be undervalued.
The current stock price of €6.02 is trading 26.7% below its estimated GF Value™ of €8.21.
GuruFocus considers Array Technologies to be Modestly Undervalued.
Key valuation signals for FRA:9AY:
Gross Margin %: 28.20% (21% above median its 10-year median of 23.25)
GF Value™: €8.21 vs. price of €6.02 (26.7% below fair value)
Industry Position: 4.8% below the Semiconductors median (#629 of 1008)
No single metric tells the full story. See the FRA:9AY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue.
74GF Score
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