Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Intchains Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -32.2%.
The historical rank and industry rank for Intchains Group's Gross Margin % or its related term are showing as below:
ICG'
s Gross Margin % Range Over the Past 10 Years
Min: 6.35 Med: 53.7 Max: 81.96
Current: 6.35
During the past 7 years, the highestGross Margin % of Intchains Group was 81.96%. The lowest was 6.35%. And the median was 53.70%.
ICG's Gross Margin % is ranked worse than 89.71% of 1011
companies
in the Semiconductors industry
Industry Median: 29.61
vs ICG: 6.35
Intchains Group had a gross margin of -167.72% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Intchains Group was -32.20% per year.
Intchains Group (NAS:ICG) 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
Intchains Group had a gross margin of -167.72% for the quarter that ended in Dec. 2025 => No sustainable 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.
Intchains Group Gross Margin % Related Terms
Intchains Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for Intchains Group'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.
For the Semiconductors subindustry, Intchains Group'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.
Intchains Group Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Intchains Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Intchains Group'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.
Intchains Group (ICG) has a Gross Margin % of -167.72% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Intchains Group and its competitors. Over the past decade, Intchains Group's Gross Margin % has ranged from 6.35 to 81.96. According to the industry distribution chart, Intchains Group ranks #907 out of 1011 companies in the Semiconductors industry, placing it in the top 89.7%.
Is Intchains Group's Gross Margin % too high?
Intchains Group's current Gross Margin % is -167.72%. Over the past 10 years, this metric has ranged from a low of 6.35 to a high of 81.96. Based on the distribution chart, Intchains Group ranks #907 out of 1011 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Intchains Group has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Intchains Group's Gross Margin % compare to NA and PXLW?
According to the Semiconductors industry distribution chart, Intchains Group ranks #907 out of 1011 companies for Gross Margin %. This places Intchains Group in the lower half of its industry. The industry median Gross Margin % is 29.61. Historically, Intchains Group's own Gross Margin % has ranged from 6.35 to 81.96 over the past decade. 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 1,011 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. 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 Intchains Group 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. Intchains Group's current Gross Margin % is -167.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intchains Group stock overvalued right now?
Based on GuruFocus' analysis, Intchains Group (ICG) is currently considered Possible Value Trap. The stock's GF Value™ is $5.71, compared to a current price of $0.79 — trading 86.2% below its estimated fair value. The current Gross Margin % is -167.72%. Intchains Group's overall GF Score™ is 55/100 with 5 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 Intchains Group (ICG), the current Gross Margin % is -167.72% 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 Intchains Group (ICG) Overvalued in 2026?
Based on GuruFocus' analysis, Intchains Group stock appears to be undervalued.
The current stock price of $0.79 is trading 86.2% below its estimated GF Value™ of $5.71.
GuruFocus considers Intchains Group to be Possible Value Trap.
Key valuation signals for ICG:
Gross Margin %: -167.72%
GF Value™: $5.71 vs. price of $0.79 (86.2% below fair value)
No single metric tells the full story. See the ICG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intchains Group Ltd is an inventive altcoins development company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies and the active development of inventive Web3 applications. The company offers high-performance mining products including altcoin mining machines incorporating its ASIC chips that have high computing power and superior power efficiency, ASIC chips and ancillary software and hardware, all of which cater to the evolving needs of the blockchain industry. Geographically, it operates in Mainland China, Hong Kong, and Other countries or regions.
55GF Score
Get the complete analysis for ICG
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ICG has been successfully added to your 
