Flex Ltd. stock research
FY2026 Q4
Flex (FLEX) Gross Margin & Quarterly History
Explore Flex Ltd. (FLEX) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q4
Revenue and gross profit rose from the prior quarter and from the same quarter a year earlier. Gross margin weakened sequentially but improved year-over-year, reflecting changes in the relationship between cost of revenue and revenue.
- The year-over-year improvement in gross margin was accompanied by revenue growth that outpaced cost of revenue growth. Sequentially, the slight decline in gross margin occurred as cost of revenue increased at a marginally faster rate than revenue.
- Compared to the prior quarter, gross margin weakened. Compared to the same quarter last year, gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
9.4%
Gross profit
$702.0M
Revenue
$7.5B
Cost of revenue
$6.7B
Quarter-over-quarter change
-0.2 pts
Year-over-year change
+0.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 27, 2025 | $6.6B | $572.0M | $6.0B | 8.7% |
| Sep 26, 2025 | $6.8B | $614.0M | $6.2B | 9.0% |
| Dec 31, 2025 | $7.1B | $679.0M | $6.4B | 9.6% |
| Mar 31, 2026 | $7.5B | $702.0M | $6.7B | 9.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.2 pts
Year-over-year change
Mar 31, 2025
+0.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The year-over-year improvement in gross margin was accompanied by revenue growth that outpaced cost of revenue growth. Sequentially, the slight decline in gross margin occurred as cost of revenue increased at a marginally faster rate than revenue.
Compared to the prior quarter, gross margin weakened. Compared to the same quarter last year, gross margin improved.
Monitor the planned spin-off of the Cloud and Power Infrastructure segment, which is subject to regulatory and shareholder approvals and could alter the company's future financial profile.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Flex Ltd. (FLEX) | 9.4% |