Flex (FLEX) Operating Expenses (2009 - 2026)

Flex (FLEX) reported Operating Expenses of $337.0 million for Q1 2026, up 42.19% year-over-year from $237.0 million in Q1 2025, and up 22.55% quarter-over-quarter from $275.0 million in Q4 2025.

Flex (FLEX) Operating Expenses (2009 - 2026) Analysis & Trends

Flex (FLEX) has 18 years of Operating Expenses data on file, last reported at $337.0 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $337.0 million, up 42.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 23.7% YoY), and the FY2026 annual result was $1.1 billion, up 23.8% from the prior year.
  • Operating Expenses rose to $337.0 million in Q1 2026 per FLEX's latest filing, from $275.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $337.0 million in Q1 2026 and troughed at $149.0 million in Q1 2023.
  • A 5-year average of $238.8 million and a median of $241.0 million in 2022 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses slumped 36.81% in 2022, then soared 75.84% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $243.0 million in 2022, then retreated by 10.29% to $218.0 million in 2023, then grew by 11.47% to $243.0 million in 2024, then increased by 13.17% to $275.0 million in 2025, then gained by 22.55% to $337.0 million in 2026.
  • Business Quant data shows FLEX's Operating Expenses at $337.0 million in Q1 2026, $275.0 million in Q4 2025, and $270.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amphenol 170.58 Bn 165.55 Bn 2.80 Bn 3.15 Bn
2 Corning 152.19 Bn 150.97 Bn 1.53 Bn 866.00 Mn
3 TE Connectivity 62.31 Bn 61.34 Bn 1.75 Bn 18.00 Mn
4 Flex 56.36 Bn 54.72 Bn 702.00 Mn 337.00 Mn
5 Celestica 42.71 Bn 42.33 Bn 437.20 Mn 158.60 Mn
6 Jabil 37.62 Bn 35.80 Bn 746.00 Mn 341.00 Mn
7 Fabrinet 22.26 Bn 21.31 Bn 144.34 Mn 24.30 Mn
8 Ttm Technologies 17.40 Bn 16.99 Bn 181.18 Mn 108.73 Mn
9 Sanmina 13.70 Bn 12.12 Bn 353.79 Mn 196.78 Mn
10 Vicor 12.32 Bn 11.92 Bn 62.37 Mn 45.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 337.00 Mn
Dec 31, 2025 275.00 Mn
Sep 26, 2025 270.00 Mn
Jun 27, 2025 256.00 Mn
Mar 31, 2025 237.00 Mn
Dec 31, 2024 243.00 Mn
Sep 27, 2024 218.00 Mn
Jun 28, 2024 222.00 Mn
Mar 31, 2024 262.00 Mn
Dec 31, 2023 218.00 Mn
Sep 29, 2023 221.00 Mn
Jun 30, 2023 241.00 Mn
Mar 31, 2023 149.00 Mn
Dec 31, 2022 243.00 Mn
Sep 30, 2022 245.00 Mn
Jul 1, 2022 241.00 Mn
Mar 31, 2022 182.00 Mn
Dec 31, 2021 227.00 Mn
Oct 1, 2021 222.00 Mn
Jul 2, 2021 201.00 Mn