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 57.73% is in line with its 5-year average of 55.98%, around the middle of its 5-year range (51.67%–60.59%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.17% below its 12-month average of 58.41%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
57.73%
GROSS MARGIN AVG TTM
58.41%
GROSS MARGIN AVG 3Y
57.05%
GROSS MARGIN AVG 5Y
55.98%
GROSS MARGIN AVG 10Y
51.84%
GROSS MARGIN AVG 15Y
50.82%
GROSS MARGIN AVG 20Y
49.13%
CURRENT VS TTM AVG
-1.17%
CURRENT VS 3Y AVG
+1.18%
CURRENT VS 5Y AVG
+3.12%
CURRENT VS 10Y AVG
+11.35%
CURRENT VS 15Y AVG
+13.58%
CURRENT VS 20Y AVG
+17.51%
SECTOR MEDIAN · TECHNOLOGY
57.46%
median of 177 covered companies
CURRENT VS SECTOR MEDIAN
+0.46%
vs the sector median at left
International Business Machines Corporation
Market Cap
$201.80B
Gross Margin
57.73%
TTM Avg
58.41%
3Y Avg
57.05%
5Y Avg
55.98%
Market Cap
$190.97B
Gross Margin
41.54%
TTM Avg
29.31%
3Y Avg
26.90%
5Y Avg
26.99%
Market Cap
$212.74B
Gross Margin
30.07%
TTM Avg
23.08%
3Y Avg
21.62%
5Y Avg
17.30%
Market Cap
$187.82B
Gross Margin
37.35%
TTM Avg
35.32%
3Y Avg
33.77%
5Y Avg
32.89%
Market Cap
$186.63B
Gross Margin
75.03%
TTM Avg
74.80%
3Y Avg
74.51%
5Y Avg
74.23%
Market Cap
$219.08B
Gross Margin
63.54%
TTM Avg
64.09%
3Y Avg
62.80%
5Y Avg
63.16%
Market Cap
$181.13B
Gross Margin
64.49%
TTM Avg
59.27%
3Y Avg
60.85%
5Y Avg
62.78%
Market Cap
$179.17B
Gross Margin
45.43%
TTM Avg
33.42%
3Y Avg
30.09%
5Y Avg
28.28%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| International Business Machines Corporation (IBM) | $201.80B | 57.73% | 58.41% | 57.05% | 55.98% |
| Seagate Technology Holdings plc (STX)vs › | $190.97B | 41.54% | 29.31% | 26.90% | 26.99% |
| Sandisk Corporation (SNDK)vs › | $212.74B | 30.07% | 23.08% | 21.62% | 17.30% |
| Amphenol Corporation (APH)vs › | $187.82B | 37.35% | 35.32% | 33.77% | 32.89% |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $186.63B | 75.03% | 74.80% | 74.51% | 74.23% |
| SAP SE (SAP)vs › | $186.44B | 72.79% | 72.91% | 72.70% | 72.53% |
| Arista Networks, Inc. (ANET)vs › | $219.08B | 63.54% | 64.09% | 62.80% | 63.16% |
| Analog Devices, Inc. (ADI)vs › | $181.13B | 64.49% | 59.27% | 60.85% | 62.78% |
| Western Digital Corporation (WDC)vs › | $179.17B | 45.43% | 33.42% | 30.09% | 28.28% |
| QUALCOMM Incorporated (QCOM)vs › | $175.99B | 54.80% | 55.82% | 56.30% | 57.23% |
Gross Margin
57.7%
(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 |
|---|---|
| 2026-06-30 | 57.73% |
| 2026-03-31 | 56.23% |
| 2025-12-31 | 60.59% |
| 2025-09-30 | 58.73% |
| 2025-06-30 | 58.77% |
| 2025-03-31 | 55.23% |
| 2024-12-31 | 59.47% |
| 2024-09-30 | 56.26% |
| 2024-06-30 | 56.76% |
| 2024-03-31 | 53.54% |
| 2023-12-31 | 59.07% |
| 2023-09-30 | 54.39% |
| 2023-06-30 | 54.93% |
| 2023-03-31 | 52.69% |
| 2022-12-31 | 57.71% |
| 2022-09-30 | 52.67% |
| 2022-06-30 | 53.36% |
| 2022-03-31 | 51.67% |
| 2021-12-31 | 56.91% |
| 2021-09-30 | 53.63% |
| 2021-06-30 | 55.23% |
| 2021-03-31 | 53.29% |
| 2020-12-31 | 51.66% |
| 2020-09-30 | 48.00% |
| 2020-06-30 | 48.01% |
| 2020-03-31 | 45.09% |
| 2019-12-31 | 50.97% |
| 2019-09-30 | 46.24% |
| 2019-06-30 | 47.02% |
| 2019-03-31 | 44.24% |
| 2018-12-31 | 49.11% |
| 2018-09-30 | 46.93% |
| 2018-06-30 | 45.99% |
| 2018-03-31 | 43.24% |
| 2017-12-31 | 48.18% |
| 2017-09-30 | 46.89% |
| 2017-06-30 | 46.49% |
| 2017-03-31 | 43.76% |
| 2016-12-31 | 50.03% |
| 2016-09-30 | 46.88% |
| 2016-06-30 | 47.94% |
| 2016-03-31 | 46.49% |
| 2015-12-31 | 51.70% |
| 2015-09-30 | 48.94% |
| 2015-06-30 | 49.92% |
| 2015-03-31 | 48.25% |
| 2014-12-31 | 53.34% |
| 2014-09-30 | 48.55% |
| 2014-06-30 | 50.09% |
| 2014-03-31 | 47.79% |
| 2013-12-31 | 51.68% |
| 2013-09-30 | 48.97% |
| 2013-06-30 | 48.68% |
| 2013-03-31 | 45.62% |
| 2012-12-31 | 51.76% |
| 2012-09-30 | 47.41% |
| 2012-06-30 | 47.63% |
| 2012-03-31 | 45.06% |
| 2011-12-31 | 49.93% |
| 2011-09-30 | 46.54% |
| 2011-06-30 | 46.44% |
| 2011-03-31 | 44.13% |
| 2010-12-31 | 49.03% |
| 2010-09-30 | 45.33% |
| 2010-06-30 | 45.56% |
| 2010-03-31 | 43.65% |
| 2009-12-31 | 48.27% |
| 2009-09-30 | 45.09% |
| 2009-06-30 | 45.51% |
| 2009-03-31 | 43.44% |
| 2008-12-31 | 47.90% |
| 2008-09-30 | 43.31% |
| 2008-06-30 | 43.25% |
| 2008-03-31 | 41.49% |
| 2007-12-31 | 48.25% |
| 2007-09-30 | 41.28% |
| 2007-06-30 | 40.29% |
| 2007-03-31 | 38.51% |
| 2006-12-31 | 44.56% |
| 2006-09-30 | 40.41% |
| 2006-06-30 | 39.58% |
| 2006-03-31 | 37.38% |
| 2005-12-31 | 44.07% |
| 2005-09-30 | 40.59% |
| 2005-06-30 | 39.40% |
| 2005-03-31 | 36.03% |
| 2004-12-31 | 39.52% |
| 2004-09-30 | 36.55% |
| 2004-06-30 | 36.39% |
| 2004-03-31 | 35.59% |
| 2003-12-31 | 38.49% |
| 2003-09-30 | 36.30% |
| 2003-06-30 | 36.97% |
| 2003-03-31 | 36.05% |
| 2002-12-31 | 38.81% |
| 2002-09-30 | 36.95% |
