Flex (FLEX) Operating Expenses (2009 - 2026)
Flex's (FLEX) quarterly Operating Expenses came in at $332.0 million in Q2 2026, up 38.33% year-over-year from $240.0 million in Q2 2025, and up 3.11% quarter-over-quarter from $322.0 million in Q1 2026.
Analysis
Flex (FLEX) Operating Expenses (2009 - 2026) Analysis & Trends
Flex (FLEX) has reported Operating Expenses for 18 consecutive years, with $332.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 38.33% year-over-year to $332.0 million in Q2 2026; TTM through Jun 2026 was $1.2 billion, a 22.22% increase from a year earlier, with the FY2026 full-year figure at $1.1 billion, up 15.05% from the prior year.
- Operating Expenses was $332.0 million for Q2 2026 at Flex, up 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.
- Across the five-year window, Operating Expenses surged 142.44% in 2024 and slipped 26.38% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $243.0 million in 2022, then fell by 10.29% to $218.0 million in 2023, then climbed by 11.47% to $243.0 million in 2024, then advanced by 13.58% to $276.0 million in 2025, then increased by 20.29% to $332.0 million in 2026.
- The last three Operating Expenses figures came in at $332.0 million (Q2 2026), $322.0 million (Q1 2026), and $276.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flex | 41.43 Bn | 38.59 Bn | 747.00 Mn | 332.00 Mn |
| 2 | Celestica | 39.67 Bn | 39.14 Bn | 577.50 Mn | 104.40 Mn |
| 3 | Jabil | 33.09 Bn | 31.73 Bn | 828.00 Mn | 356.00 Mn |
| 4 | Fabrinet | 15.24 Bn | 14.37 Bn | 158.05 Mn | 23.80 Mn |
| 5 | Ttm Technologies | 13.30 Bn | 12.79 Bn | 211.86 Mn | 102.80 Mn |
| 6 | Sanmina | 11.07 Bn | 9.22 Bn | 363.31 Mn | 142.08 Mn |
| 7 | Plexus | 6.62 Bn | 6.30 Bn | 131.38 Mn | 70.12 Mn |
| 8 | Benchmark Electronics | 2.67 Bn | 2.35 Bn | 78.40 Mn | 46.94 Mn |
| 9 | Kimball Electronics | 607.50 Mn | 518.58 Mn | 32.95 Mn | 18.88 Mn |
| 10 | Eltek | 52.55 Mn | 41.04 Mn | - | 613,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 332.00 Mn |
| Mar 31, 2026 | 322.00 Mn |
| Dec 31, 2025 | 276.00 Mn |
| Sep 26, 2025 | 302.00 Mn |
| Jun 27, 2025 | 240.00 Mn |
| Mar 31, 2025 | 307.00 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 | 172.00 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 | 213.00 Mn |