Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 29.63% is 19% above its 5-year average of 24.97%, near the high end of its 5-year range (-6.41%–42.01%).
As of the fiscal period ended Tuesday, March 31, 2026. 99.13% above its 12-month average of 14.88%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
29.63%
GROSS MARGIN AVG TTM
14.88%
GROSS MARGIN AVG 3Y
18.40%
GROSS MARGIN AVG 5Y
26.54%
GROSS MARGIN AVG 10Y
31.26%
GROSS MARGIN AVG 15Y
28.16%
GROSS MARGIN AVG 20Y
28.78%
CURRENT VS TTM AVG
+99.13%
CURRENT VS 3Y AVG
+61.04%
CURRENT VS 5Y AVG
+11.63%
CURRENT VS 10Y AVG
-5.21%
CURRENT VS 15Y AVG
+5.23%
CURRENT VS 20Y AVG
+2.95%
SECTOR MEDIAN · TECHNOLOGY
57.46%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
-48.43%
vs the sector median at left
Market Cap
$2.57B
Gross Margin
-8.25%
TTM Avg
-12.52%
3Y Avg
-8.09%
5Y Avg
6.92%
Market Cap
$3.02B
Gross Margin
9.28%
TTM Avg
10.71%
3Y Avg
12.68%
5Y Avg
13.43%
Market Cap
$3.15B
Gross Margin
38.46%
TTM Avg
41.17%
3Y Avg
41.46%
5Y Avg
41.69%
Market Cap
$909.57M
Gross Margin
100.00%
TTM Avg
100.00%
3Y Avg
100.00%
5Y Avg
93.67%
Market Cap
$860.58M
Gross Margin
84.21%
TTM Avg
84.20%
3Y Avg
84.21%
5Y Avg
82.66%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AXT, Inc. (AXTI) | $2.19B | 29.63% | 14.88% | 18.40% | 26.54% |
| Keel Infrastructure Corp. (KEEL)vs › | $2.57B | -8.25% | -12.52% | -8.09% | 6.92% |
| Asana, Inc. (ASAN)vs › | $1.63B | 88.51% | 89.19% | 89.53% | 89.20% |
| Ambarella, Inc. (AMBA)vs › | $2.99B | 58.28% | 58.41% | 59.78% | 60.44% |
| Ichor Holdings, Ltd. (ICHR)vs › | $3.02B | 9.28% | 10.71% | 12.68% | 13.43% |
| C3.ai, Inc. (AI)vs › | $1.24B | 30.92% | 45.77% | 54.17% | 61.19% |
| Veeco Instruments Inc. (VECO)vs › | $3.15B | 38.46% | 41.17% | 41.46% | 41.69% |
| POET Technologies Inc. (POET)vs › | $909.57M | 100.00% | 100.00% | 100.00% | 93.67% |
| ZoomInfo Technologies Inc. (GTM)vs › | $860.58M | 84.21% | 84.20% | 84.21% | 82.66% |
| PagerDuty, Inc. (PD)vs › | $828.21M | 85.02% | 83.95% | 82.71% | 83.21% |
Gross Margin
29.6%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-03-31 | 29.63% |
| 2025-12-31 | 20.95% |
| 2025-09-30 | 22.26% |
| 2025-06-30 | 7.97% |
| 2025-03-31 | -6.41% |
| 2024-12-31 | 17.56% |
| 2024-09-30 | 24.03% |
| 2024-06-30 | 27.40% |
| 2024-03-31 | 26.86% |
| 2023-12-31 | 22.65% |
| 2023-09-30 | 10.75% |
| 2023-06-30 | 9.22% |
| 2023-03-31 | 26.33% |
| 2022-12-31 | 32.08% |
| 2022-09-30 | 42.01% |
| 2022-06-30 | 39.09% |
| 2022-03-31 | 33.56% |
| 2021-12-31 | 32.17% |
| 2021-09-30 | 33.26% |
| 2021-06-30 | 36.28% |
| 2021-03-31 | 36.80% |
| 2020-12-31 | 33.89% |
| 2020-09-30 | 34.64% |
| 2020-06-30 | 30.58% |
| 2020-03-31 | 26.65% |
| 2019-12-31 | 20.99% |
| 2019-09-30 | 29.03% |
| 2019-06-30 | 34.30% |
| 2019-03-31 | 33.13% |
| 2018-12-31 | 26.31% |
| 2018-09-30 | 37.08% |
| 2018-06-30 | 40.60% |
| 2018-03-31 | 39.20% |
| 2017-12-31 | 37.21% |
| 2017-09-30 | 39.52% |
| 2017-06-30 | 30.80% |
| 2017-03-31 | 30.50% |
| 2016-12-31 | 37.12% |
| 2016-09-30 | 34.65% |
| 2016-06-30 | 29.41% |
| 2016-03-31 | 28.07% |
| 2015-12-31 | 17.11% |
| 2015-09-30 | 25.07% |
| 2015-06-30 | 20.87% |
| 2015-03-31 | 23.67% |
| 2014-12-31 | 25.41% |
| 2014-09-30 | 22.98% |
| 2014-06-30 | 19.39% |
| 2014-03-31 | 14.05% |
| 2013-12-31 | 15.12% |
| 2013-09-30 | 11.92% |
| 2013-06-30 | 12.95% |
| 2013-03-31 | 15.57% |
| 2012-12-31 | 19.46% |
| 2012-09-30 | 26.27% |
| 2012-06-30 | 29.85% |
| 2012-03-31 | 34.89% |
| 2011-12-31 | 37.04% |
| 2011-09-30 | 43.23% |
| 2011-06-30 | 46.71% |
| 2011-03-31 | 43.39% |
| 2010-12-31 | 39.82% |
| 2010-09-30 | 39.28% |
| 2010-06-30 | 36.83% |
| 2010-03-31 | 36.11% |
| 2009-12-31 | 33.93% |
| 2009-09-30 | 32.93% |
| 2009-06-30 | 19.27% |
| 2009-03-31 | -3.10% |
| 2008-12-31 | 4.84% |
| 2008-09-30 | 25.40% |
| 2008-06-30 | 32.33% |
| 2008-03-31 | 31.68% |
| 2007-12-31 | 30.14% |
| 2007-09-30 | 31.30% |
| 2007-06-30 | 36.89% |
| 2007-03-31 | 43.15% |
| 2006-12-31 | 38.16% |
| 2006-09-30 | 27.73% |
| 2006-06-30 | 26.64% |
| 2006-03-31 | 17.83% |
| 2005-12-31 | 8.40% |
| 2005-09-30 | 18.61% |
| 2005-06-30 | 2.11% |
| 2005-03-31 | 4.21% |
| 2004-12-31 | 8.17% |
| 2004-09-30 | -26.21% |
| 2004-06-30 | 8.70% |
| 2004-03-31 | 5.45% |
| 2003-12-31 | 8.62% |
| 2003-09-30 | 5.86% |
| 2003-06-30 | 7.92% |
| 2003-03-31 | -2.22% |
| 2002-12-31 | -85.95% |
| 2002-09-30 | -23.70% |
| 2002-06-30 | 15.25% |
