Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 9.49% is 18% above its 5-year average of 8.03%, near the high end of its 5-year range (-0.64%–9.76%).
1.79% above its 12-month average of 9.32%.
Reported quarterly gross margin; no daily interpolation. Q1 FY2027 (2026-06-26): 9.42%.
GROSS MARGIN
9.49%
GROSS MARGIN AVG TTM
9.32%
GROSS MARGIN AVG 3Y
8.43%
GROSS MARGIN AVG 5Y
8.03%
GROSS MARGIN AVG 10Y
7.01%
GROSS MARGIN AVG 15Y
6.68%
GROSS MARGIN AVG 20Y
6.24%
CURRENT VS TTM AVG
+1.79%
CURRENT VS 3Y AVG
+12.55%
CURRENT VS 5Y AVG
+18.11%
CURRENT VS 10Y AVG
+35.29%
CURRENT VS 15Y AVG
+42.11%
CURRENT VS 20Y AVG
+52.18%
SECTOR MEDIAN · TECHNOLOGY
55.20%
median of 217 covered companies
CURRENT VS SECTOR MEDIAN
-82.81%
vs the sector median at left
Market Cap
$44.22B
Gross Margin
60.19%
TTM Avg
56.90%
3Y Avg
61.69%
5Y Avg
62.35%
Market Cap
$44.37B
Gross Margin
74.89%
TTM Avg
75.03%
3Y Avg
73.28%
5Y Avg
73.00%
Market Cap
$40.75B
Gross Margin
67.07%
TTM Avg
68.04%
3Y Avg
64.90%
5Y Avg
62.49%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Flex Ltd. (FLEX) | $43.08B | 9.49% | 9.32% | 8.43% | 8.03% |
| Microchip Technology Incorporated (MCHP)vs › | $44.22B | 60.19% | 56.90% | 61.69% | 62.35% |
| Block, Inc. (XYZ)vs › | $44.28B | 46.36% | 39.84% | 37.02% | 33.65% |
| Veeva Systems Inc. (VEEV)vs › | $44.37B | 74.89% | 75.03% | 73.28% | 73.00% |
| NetApp, Inc. (NTAP)vs › | $44.45B | 70.63% | 70.47% | 69.45% | 68.50% |
| Celestica Inc. (CLS)vs › | $44.50B | 11.95% | 11.39% | 10.30% | 9.58% |
| Autodesk, Inc. (ADSK)vs › | $44.71B | 91.25% | 90.78% | 90.67% | 90.71% |
| Twilio Inc. (TWLO)vs › | $44.78B | 48.54% | 50.01% | 49.16% | 49.59% |
| Credo Technology Group Holding Ltd (CRDO)vs › | $40.75B | 67.07% | 68.04% | 64.90% | 62.49% |
| Cerebras Systems Inc. (CBRS)vs › | $39.47B | 34.83% | 40.66% | 31.63% | 31.63% |
Gross Margin
9.5%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-26 | 9.42% |
| 2026-03-31 | 9.76% |
| 2025-12-31 | 9.71% |
| 2025-09-26 | 9.02% |
| 2025-06-27 | 8.70% |
| 2025-03-31 | 8.80% |
| 2024-12-31 | 9.06% |
| 2024-09-27 | 8.11% |
| 2024-06-28 | 7.46% |
| 2024-03-31 | -0.64% |
| 2023-12-31 | 6.74% |
| 2023-09-29 | 7.49% |
| 2023-06-30 | 6.91% |
| 2023-03-31 | 7.44% |
| 2022-12-31 | 7.52% |
| 2022-09-30 | 7.61% |
| 2022-07-01 | 7.28% |
| 2022-03-31 | 7.36% |
| 2021-12-31 | 7.42% |
| 2021-10-01 | 7.47% |
| 2021-07-02 | 7.43% |
| 2021-03-31 | 8.14% |
| 2020-12-31 | 7.13% |
| 2020-09-25 | 6.60% |
| 2020-06-26 | 5.90% |
| 2020-03-31 | 6.67% |
| 2019-12-31 | 6.66% |
| 2019-09-27 | 3.10% |
| 2019-06-28 | 5.71% |
| 2019-03-31 | 6.20% |
| 2018-12-31 | 5.16% |
| 2018-09-28 | 6.04% |
| 2018-06-29 | 5.90% |
| 2018-03-31 | 5.45% |
| 2017-12-31 | 6.61% |
| 2017-09-29 | 6.27% |
| 2017-06-30 | 6.77% |
| 2017-03-31 | 6.56% |
| 2016-12-31 | 6.81% |
| 2016-09-30 | 5.22% |
| 2016-07-01 | 6.91% |
| 2016-03-31 | 7.04% |
| 2015-12-31 | 6.69% |
| 2015-09-25 | 6.28% |
| 2015-06-26 | 6.33% |
| 2015-03-31 | 6.36% |
| 2014-12-31 | 5.82% |
| 2014-09-26 | 5.78% |
| 2014-06-27 | 5.73% |
| 2014-03-31 | 5.39% |
| 2013-12-31 | 5.55% |
| 2013-09-30 | 5.75% |
| 2013-06-28 | 5.37% |
| 2013-03-31 | 3.69% |
| 2012-12-31 | 4.02% |
| 2012-09-28 | 5.94% |
| 2012-06-29 | 5.98% |
| 2012-03-31 | 5.71% |
| 2011-12-31 | 5.16% |
| 2011-09-30 | 4.65% |
| 2011-07-01 | 5.34% |
| 2011-03-31 | 5.58% |
| 2010-12-31 | 5.54% |
| 2010-10-01 | 5.36% |
| 2010-07-02 | 5.65% |
| 2010-03-31 | 5.40% |
| 2009-12-31 | 5.69% |
| 2009-10-02 | 5.14% |
| 2009-07-03 | 3.87% |
| 2009-03-31 | 1.48% |
| 2008-12-31 | 3.65% |
| 2008-09-26 | 4.71% |
| 2008-06-27 | 5.47% |
| 2008-03-31 | 8.65% |
| 2007-12-31 | 3.51% |
| 2007-09-28 | 5.65% |
| 2007-06-29 | 5.45% |
| 2007-03-31 | 4.82% |
| 2006-12-31 | 5.34% |
| 2006-09-30 | 3.79% |
| 2006-06-30 | 5.81% |
| 2006-03-31 | -1.60% |
| 2005-12-31 | 6.20% |
| 2005-09-30 | 5.13% |
| 2005-07-01 | 6.54% |
| 2005-03-31 | 7.27% |
| 2004-12-31 | 7.01% |
| 2004-09-30 | 6.55% |
| 2004-06-30 | 6.36% |
| 2004-03-31 | 6.34% |
| 2003-12-31 | 5.77% |
| 2003-09-30 | 5.21% |
| 2003-06-30 | 5.31% |
| 2003-03-31 | 5.43% |
| 2002-12-31 | 5.53% |
| 2002-09-30 | 5.45% |
