Flex (FLEX) Cost of Revenue (2009 - 2026)
Flex (FLEX) posted Cost of Revenue of $7.66 billion for fiscal Q2 2027 (quarter ended Sep 25, 2026), up 24.0% from $6.18 billion a year earlier and up 6.8% from the prior quarter.
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Analysis
Flex (FLEX) Cost of Revenue (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 25, 2026, Cost of Revenue at Flex was $27.96 billion, up 16.9% year-over-year; for FY2026 (ended Mar 31, 2026), it came in at $25.29 billion, up 7.2% from FY2025.
- Annual Cost of Revenue shows a five-year compound annual growth rate of 2.5% (FY2021 to FY2026).
- In prior fiscal years, Flex's Cost of Revenue was $23.58 billion in FY2025 (-3.3%), $24.4 billion in FY2024 (-8.0%), $26.5 billion in FY2023 (+16.0%) and $22.84 billion in FY2022 (+2.2%).
- The fiscal Q2 2027 figure stands as the highest quarterly Cost of Revenue in data going back to fiscal Q4 2009.
- On a year-over-year basis, Cost of Revenue has increased in each of the last eight quarters, with growth averaging 9.5% over the last eight quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was fiscal Q2 2023, with growth of 24.7%; the weakest was fiscal Q3 2024, with a decline of 17.3%.
- According to Business Quant data, Cost of Revenue for the three prior fiscal quarters was $7.18 billion (Q1 2027), $6.75 billion (Q4 2026) and $6.37 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,020.54 Bn | 4,766.00 Bn | 54.82 Bn | 59.66 Bn |
| 2 | Cisco Systems | 371.11 Bn | 307.04 Bn | 11.06 Bn | 6.19 Bn |
| 3 | Arista Networks | 215.34 Bn | 164.54 Bn | 2.33 Bn | 1.33 Bn |
| 4 | Dell Technologies | 212.13 Bn | 167.88 Bn | 9.83 Bn | 37.14 Bn |
| 5 | Sony | 161.14 Bn | 95.68 Bn | 7.96 Bn | 13.58 Bn |
| 6 | Sandisk | 122.92 Bn | 107.75 Bn | 9.38 Bn | 1.65 Bn |
| 7 | Seagate Technology Holdings | 105.29 Bn | 100.14 Bn | 2.43 Bn | 1.81 Bn |
| 8 | Western Digital | 96.46 Bn | 86.29 Bn | 2.53 Bn | 1.85 Bn |
| 9 | Hewlett Packard Enterprise | 59.75 Bn | 37.63 Bn | 4.93 Bn | 7.29 Bn |
| 10 | Flex | 25.57 Bn | 14.20 Bn | 812.00 Mn | 7.66 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 25, 2026 | 7.66 Bn |
| Jun 26, 2026 | 7.18 Bn |
| Mar 31, 2026 | 6.75 Bn |
| Dec 31, 2025 | 6.37 Bn |
| Sep 26, 2025 | 6.18 Bn |
| Jun 27, 2025 | 5.99 Bn |
| Mar 31, 2025 | 5.81 Bn |
| Dec 31, 2024 | 5.95 Bn |
| Sep 27, 2024 | 6.00 Bn |
| Jun 28, 2024 | 5.83 Bn |
| Mar 31, 2024 | 5.66 Bn |
| Dec 31, 2023 | 5.93 Bn |
| Sep 29, 2023 | 6.41 Bn |
| Jun 30, 2023 | 6.40 Bn |
| Mar 31, 2023 | 5.35 Bn |
| Dec 31, 2022 | 7.17 Bn |
| Sep 30, 2022 | 7.18 Bn |
| Jul 1, 2022 | 6.81 Bn |
| Mar 31, 2022 | 5.09 Bn |
| Dec 31, 2021 | 6.13 Bn |
API Access
Flex Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FLEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "FLEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FLEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();