Flex (FLEX) Gross Margin (2009 - 2026)
Flex (FLEX) reported Gross Margin of 9.39% for Q1 2026, up 59.0% year-over-year from 5.9% in Q1 2025, and down 2.41% quarter-over-quarter from 9.62% in Q4 2025.
Flex (FLEX) Gross Margin (2009 - 2026) Analysis & Trends
Flex (FLEX) has 18 years of Gross Margin data on file, last reported at 9.39% in Q1 2026.
- Gross Margin for Q1 2026 came in at 9.39%, up 59.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.2% (up 83.0% YoY), and the FY2026 annual result was 9.2%, up 83.0% from the prior year.
- Gross Margin eased to 9.39% in Q1 2026 per FLEX's latest filing, from 9.62% in the prior quarter.
- Over five years, Gross Margin peaked at 9.62% in Q4 2025 and troughed at 6.66% in Q1 2023.
- A 5-year average of 7.85% and a median of 7.46% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 75 bps in 2022, then soared 232 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 6.88% in 2022, then declined by 2 bps to 6.74% in 2023, then soared by 34 bps to 9.06% in 2024, then rose by 6 bps to 9.62% in 2025, then slipped by 2 bps to 9.39% in 2026.
- Business Quant data shows FLEX's Gross Margin at 9.39% in Q1 2026, 9.62% in Q4 2025, and 9.02% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 201.92 Bn | 196.89 Bn | 2.80 Bn | 36.75% |
| 2 | Corning | 167.41 Bn | 166.19 Bn | 1.53 Bn | 36.87% |
| 3 | TE Connectivity | 63.90 Bn | 62.94 Bn | 1.75 Bn | 36.78% |
| 4 | Flex | 54.73 Bn | 53.09 Bn | 702.00 Mn | 9.39% |
| 5 | Celestica | 42.91 Bn | 42.53 Bn | 437.20 Mn | 10.80% |
| 6 | Jabil | 39.52 Bn | 37.70 Bn | 746.00 Mn | 9.01% |
| 7 | Ttm Technologies | 22.37 Bn | 21.95 Bn | 181.18 Mn | 21.42% |
| 8 | Fabrinet | 20.58 Bn | 19.64 Bn | 144.34 Mn | 11.89% |
| 9 | Vicor | 15.04 Bn | 14.64 Bn | 62.37 Mn | 55.21% |
| 10 | Sanmina | 13.13 Bn | 11.55 Bn | 353.79 Mn | 8.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.39% |
| Dec 31, 2025 | 9.62% |
| Sep 26, 2025 | 9.02% |
| Jun 27, 2025 | 8.70% |
| Mar 31, 2025 | 8.80% |
| Dec 31, 2024 | 9.06% |
| Sep 27, 2024 | 8.11% |
| Jun 28, 2024 | 7.46% |
| Mar 31, 2024 | 7.08% |
| Dec 31, 2023 | 6.74% |
| Sep 29, 2023 | 7.49% |
| Jun 30, 2023 | 6.91% |
| Mar 31, 2023 | 6.66% |
| Dec 31, 2022 | 6.88% |
| Sep 30, 2022 | 7.19% |
| Jul 1, 2022 | 7.00% |
| Mar 31, 2022 | 7.37% |
| Dec 31, 2021 | 7.42% |
| Oct 1, 2021 | 7.47% |
| Jul 2, 2021 | 7.43% |