Filing Flows › Flex (FLEX) › Q2 FY26
Flex (FLEX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Oct 31, 2025
Flex (FLEX) reported revenue of $6.8B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and +3% from the quarter before. Operating margin was 4.4%, net earnings $199M (2.9% of revenue).
Flex, Q2 FY26: revenue $6.8B (+4% year over year), operating margin 4.4%, net earnings $199M, operating cash flow $453M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +3% | +4% |
| Gross profit | $614M | +7% | +16% |
| Operating profit | $296M | -5% | -0.3% |
| Net earnings | $199M | +4% | -7% |
| Operating cash flow | $453M | +14% | +42% |
| Free cash flow | $305M | — | +39% |
What changed
Revenue was $6.8B in Q2 FY26, up 4% year over year and up 3% from the previous quarter.
Gross margin was 9.0%, up 0.9 points from a year earlier. Operating profit was $0.30B, a 4.4% margin (down 0.2 points year over year). Operating profit fell $1.0M even though revenue rose $0.26B versus a year earlier, so costs grew faster than sales. Operating expenses grew 36% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+222%). Net earnings were $0.20B, down 7% year over year. The effective tax rate was 24.0%.
Operating cash flow was $0.45B (up 42% year over year), 228% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.06B. After net capital expenditures ($0.15B), free cash flow as the company reports it was $0.30B.
Questions
What was Flex's revenue in the second quarter fiscal 2026?
Flex (FLEX) reported revenue of $6.8B for the second quarter fiscal 2026 (Q2 FY26), +4% from a year earlier and +3% from the quarter before.
Was Flex profitable in the second quarter fiscal 2026?
Operating profit was $296M (4.4% of revenue) and net earnings $199M.
Source: Flex 10-Q on SEC EDGAR.