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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Amphenol 170.58 Bn 165.55 Bn 2.80 Bn 36.75%
2 Corning 152.19 Bn 150.97 Bn 1.53 Bn 36.87%
3 TE Connectivity 62.31 Bn 61.34 Bn 1.75 Bn 36.78%
4 Flex 56.36 Bn 54.72 Bn 702.00 Mn 9.39%
5 Celestica 42.71 Bn 42.33 Bn 437.20 Mn 10.80%
6 Jabil 37.62 Bn 35.80 Bn 746.00 Mn 9.01%
7 Fabrinet 22.26 Bn 21.31 Bn 144.34 Mn 11.89%
8 Ttm Technologies 17.40 Bn 16.99 Bn 181.18 Mn 21.42%
9 Sanmina 13.70 Bn 12.12 Bn 353.79 Mn 8.82%
10 Vicor 12.32 Bn 11.92 Bn 62.37 Mn 55.21%

Historic Data

Download Data
DateValue
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%