Flex (FLEX) Operating Expenses (2009 - 2026)
Flex (FLEX) posted quarterly Operating Expenses of $332.0 million for Q2 2026, up 38.33% year-over-year from $240.0 million in Q2 2025, and up 3.11% on a QoQ basis from $322.0 million in Q1 2026.
Flex (FLEX) Operating Expenses (2009 - 2026) Analysis & Trends
Flex has reported Operating Expenses for 18 years, with the latest figure at $332.0 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $332.0 million, up 38.33% year-over-year; the trailing twelve-month figure through Jun 2026 was $1.2 billion (up 22.22% YoY), and the FY2026 annual result was $1.1 billion, up 15.05% from the prior year.
- Operating Expenses advanced to $332.0 million in Q2 2026, from $322.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $417.0 million in Q1 2024 and troughed at $172.0 million in Q1 2023.
- A 5-year average of $258.7 million and a median of $242.0 million in 2022 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2024, when Operating Expenses jumped 142.44%; it then decreased 26.38% in 2025.
- A 5-year view of Operating Expenses shows it stood at $243.0 million in 2022, then decreased by 10.29% to $218.0 million in 2023, then increased by 11.47% to $243.0 million in 2024, then grew by 13.58% to $276.0 million in 2025, then gained by 20.29% to $332.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $332.0 million in Q2 2026, $322.0 million in Q1 2026, and $276.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 381.81 Bn | 375.70 Bn | 3.55 Bn | 963.40 Mn |
| 2 | Corning | 132.34 Bn | 129.84 Bn | 1.63 Bn | 907.00 Mn |
| 3 | TE Connectivity | 58.35 Bn | 57.11 Bn | 1.84 Bn | 92.00 Mn |
| 4 | Flex | 41.15 Bn | 38.31 Bn | 747.00 Mn | 332.00 Mn |
| 5 | Celestica | 34.50 Bn | 33.96 Bn | 577.50 Mn | 104.40 Mn |
| 6 | Jabil | 34.02 Bn | 32.66 Bn | 828.00 Mn | 356.00 Mn |
| 7 | Fabrinet | 16.19 Bn | 15.32 Bn | 158.05 Mn | 23.80 Mn |
| 8 | Ttm Technologies | 12.21 Bn | 11.70 Bn | 211.86 Mn | 102.80 Mn |
| 9 | Sanmina | 10.64 Bn | 8.80 Bn | 363.31 Mn | 142.08 Mn |
| 10 | Littelfuse | 10.40 Bn | 9.78 Bn | 306.06 Mn | 186.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 26, 2026 | 332.00 Mn |
| Mar 31, 2026 | 337.00 Mn |
| Dec 31, 2025 | 275.00 Mn |
| Sep 26, 2025 | 302.00 Mn |
| Jun 27, 2025 | 240.00 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 | 417.00 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 | 197.00 Mn |
| Dec 31, 2021 | 227.00 Mn |
| Oct 1, 2021 | 222.00 Mn |