Flex (FLEX) Operating Margin (2009 - 2026)
Flex (FLEX) posted quarterly Operating Margin of 4.94% for Q2 2026, up 21.0% year-over-year from 4.09% in Q2 2025, and down 0.62% on a QoQ basis from 4.98% in Q1 2026.
Flex (FLEX) Operating Margin (2009 - 2026) Analysis & Trends
Flex has reported Operating Margin for 18 years, with the latest figure at 4.94% in Q2 2026.
- Operating Margin for Q2 2026 came in at 4.94%, up 21.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 4.95% (up 17.0% YoY), and the FY2026 annual result was 4.9%, up 37.0% from the prior year.
- Operating Margin retreated to 4.94% in Q2 2026, from 4.98% in the prior quarter.
- Over five years, Operating Margin peaked at 5.51% in Q4 2025 and troughed at 2.58% in Q1 2024.
- A 5-year average of 4.06% and a median of 3.96% in 2022 frame the typical range for Operating Margin.
- The widest annual swing landed in 2022, when Operating Margin slumped 117 bps; it then surged 219 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 3.57% in 2022, then slipped by 14 bps to 3.08% in 2023, then jumped by 65 bps to 5.09% in 2024, then rose by 8 bps to 5.51% in 2025, then dropped by 10 bps to 4.94% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 4.94% in Q2 2026, 4.98% in Q1 2026, and 5.51% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 381.92 Bn | 375.81 Bn | 3.55 Bn | 29.51% |
| 2 | Corning | 130.39 Bn | 127.88 Bn | 1.63 Bn | 15.49% |
| 3 | TE Connectivity | 58.49 Bn | 57.25 Bn | 1.84 Bn | 19.01% |
| 4 | Flex | 40.89 Bn | 38.05 Bn | 747.00 Mn | 4.94% |
| 5 | Celestica | 34.57 Bn | 34.03 Bn | 577.50 Mn | 9.75% |
| 6 | Jabil | 33.88 Bn | 32.52 Bn | 828.00 Mn | 5.09% |
| 7 | Fabrinet | 15.99 Bn | 15.11 Bn | 158.05 Mn | 10.20% |
| 8 | Ttm Technologies | 12.02 Bn | 11.50 Bn | 211.86 Mn | 10.86% |
| 9 | Sanmina | 10.48 Bn | 8.64 Bn | 363.31 Mn | 6.39% |
| 10 | Littelfuse | 10.44 Bn | 9.81 Bn | 306.06 Mn | 16.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 26, 2026 | 4.94% |
| Mar 31, 2026 | 4.98% |
| Dec 31, 2025 | 5.51% |
| Sep 26, 2025 | 4.35% |
| Jun 27, 2025 | 4.73% |
| Mar 31, 2025 | 4.77% |
| Dec 31, 2024 | 5.09% |
| Sep 27, 2024 | 4.54% |
| Jun 28, 2024 | 3.69% |
| Mar 31, 2024 | 2.58% |
| Dec 31, 2023 | 3.08% |
| Sep 29, 2023 | 4.05% |
| Jun 30, 2023 | 3.12% |
| Mar 31, 2023 | 3.19% |
| Dec 31, 2022 | 3.57% |
| Sep 30, 2022 | 3.86% |
| Jul 1, 2022 | 3.63% |
| Mar 31, 2022 | 3.33% |
| Dec 31, 2021 | 3.79% |
| Oct 1, 2021 | 3.80% |