Insulet Corporation stock research
FY2024 Q2
Insulet (PODD) Gross Margin — Quarter Ended Jun 30, 2024
Revenue increased and gross profit was higher, but cost of revenue also rose. The gross margin weakened from the prior quarter while strengthening from the year-ago period.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased and gross profit was higher, but cost of revenue also rose. The gross margin weakened from the prior quarter while strengthening from the year-ago period.
- The margin outcome was influenced by the comparative pace of cost of revenue growth versus revenue growth. Sequentially, cost of revenue grew more than revenue, pressuring margin; year-over-year, revenue outpaced cost of revenue, supporting margin expansion.
- Gross margin decreased compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
67.7%
Gross profit
$330.9M
Revenue
$488.5M
Cost of revenue
$157.6M
Quarter-over-quarter change
-1.7 pts
Year-over-year change
+0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2023 | $432.7M | $293.3M | $139.4M | 67.8% |
| Dec 31, 2023 | $509.8M | $361.2M | $148.6M | 70.9% |
| Mar 31, 2024 | $441.7M | $306.8M | $134.9M | 69.5% |
| Jun 30, 2024 | $488.5M | $330.9M | $157.6M | 67.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
-1.7 pts
Year-over-year change
Jun 30, 2023
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The margin outcome was influenced by the comparative pace of cost of revenue growth versus revenue growth. Sequentially, cost of revenue grew more than revenue, pressuring margin; year-over-year, revenue outpaced cost of revenue, supporting margin expansion.
Gross margin decreased compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier.
Monitor the trend of cost of revenue in relation to revenue in subsequent quarters.