Flex (FLEX) Gross Margin (2009 - 2026)
Flex's (FLEX) quarterly Gross Margin came in at 9.42% in Q2 2026, up 72.0% year-over-year from 5.48% in Q2 2025, and little changed quarter-over-quarter from 9.39% in Q1 2026.
Analysis
Flex (FLEX) Gross Margin (2009 - 2026) Analysis & Trends
Flex (FLEX) has reported Gross Margin for 18 consecutive years, with 9.42% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 72.0% year-over-year to 9.42% in Q2 2026; TTM through Jun 2026 was 9.37%, a 70.0% increase from a year earlier, with the FY2026 full-year figure at 9.2%, up 83.0% from the prior year.
- Gross Margin was 9.42% for Q2 2026 at Flex, roughly flat from 9.39% 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 7.94% and a median of 7.47% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 75 bps in 2022 and surged 232 bps in 2024, its largest moves.
- Over 5 years, Gross Margin stood at 6.88% in 2022, then dropped by 2 bps to 6.74% in 2023, then surged by 34 bps to 9.06% in 2024, then increased by 6 bps to 9.62% in 2025, then fell by 2 bps to 9.42% in 2026.
- The last three Gross Margin figures came in at 9.42% (Q2 2026), 9.39% (Q1 2026), and 9.62% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flex | 41.22 Bn | 38.38 Bn | 747.00 Mn | 9.42% |
| 2 | Celestica | 39.69 Bn | 39.15 Bn | 577.50 Mn | 12.29% |
| 3 | Jabil | 32.87 Bn | 31.51 Bn | 828.00 Mn | 9.46% |
| 4 | Fabrinet | 15.11 Bn | 14.23 Bn | 158.05 Mn | 12.01% |
| 5 | Ttm Technologies | 13.20 Bn | 12.68 Bn | 211.86 Mn | 21.10% |
| 6 | Sanmina | 11.04 Bn | 9.20 Bn | 363.31 Mn | 10.49% |
| 7 | Plexus | 6.61 Bn | 6.29 Bn | 131.38 Mn | 10.07% |
| 8 | Benchmark Electronics | 2.66 Bn | 2.35 Bn | 78.40 Mn | 10.37% |
| 9 | Kimball Electronics | 607.80 Mn | 518.88 Mn | 32.95 Mn | 8.87% |
| 10 | Eltek | 52.55 Mn | 41.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 9.42% |
| 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% |