Flex (FLEX) Gross Margin (2009 - 2026)
Flex (FLEX) posted quarterly Gross Margin of 9.42% for Q2 2026, up 72.0% year-over-year from 5.48% in Q2 2025, and little changed on a QoQ basis from 9.39% in Q1 2026.
Flex (FLEX) Gross Margin (2009 - 2026) Analysis & Trends
Flex has reported Gross Margin for 18 years, with the latest figure at 9.42% in Q2 2026.
- Gross Margin for Q2 2026 came in at 9.42%, up 72.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 9.37% (up 70.0% YoY), and the FY2026 annual result was 9.2%, up 83.0% from the prior year.
- Gross Margin held at 9.42% in Q2 2026, 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.
- The widest annual swing landed in 2022, when Gross Margin plunged 75 bps; it then jumped 232 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 6.88% in 2022, then fell by 2 bps to 6.74% in 2023, then jumped by 34 bps to 9.06% in 2024, then gained by 6 bps to 9.62% in 2025, then decreased by 2 bps to 9.42% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 9.42% in Q2 2026, 9.39% in Q1 2026, and 9.62% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 381.92 Bn | 375.81 Bn | 3.55 Bn | 40.51% |
| 2 | Corning | 130.39 Bn | 127.88 Bn | 1.63 Bn | 36.14% |
| 3 | TE Connectivity | 58.49 Bn | 57.25 Bn | 1.84 Bn | 35.56% |
| 4 | Flex | 40.89 Bn | 38.05 Bn | 747.00 Mn | 9.42% |
| 5 | Celestica | 34.57 Bn | 34.03 Bn | 577.50 Mn | 12.29% |
| 6 | Jabil | 33.88 Bn | 32.52 Bn | 828.00 Mn | 9.46% |
| 7 | Fabrinet | 15.99 Bn | 15.11 Bn | 158.05 Mn | 12.01% |
| 8 | Ttm Technologies | 12.02 Bn | 11.50 Bn | 211.86 Mn | 21.10% |
| 9 | Sanmina | 10.48 Bn | 8.64 Bn | 363.31 Mn | 10.49% |
| 10 | Littelfuse | 10.44 Bn | 9.81 Bn | 306.06 Mn | 41.43% |
Historic Data
Download 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% |