Flex (FLEX) Work In Process (2010 - 2026)
Flex (FLEX) recorded Work In Process of $457 million in fiscal Q1 2027 (quarter ended Jun 26, 2026), down 11.4% from $516 million a year earlier and down 3.6% from the prior quarter.
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Analysis
Flex (FLEX) Work In Process (2010 - 2026) Analysis & Trends
At the end of FY2026 (ended Mar 31, 2026), Flex reported Work In Process of $474 million, down 2.3% from FY2025.
- Annual Work In Process has declined for three straight fiscal years, though with a five-year compound annual growth rate of 0.6% (FY2021 to FY2026).
- Across earlier fiscal years, Work In Process came in at $485 million in FY2025 (-22.2%), $623 million in FY2024 (-12.1%), $709 million in FY2023 (+17.8%) and $602 million in FY2022 (+31.2%).
- The fiscal Q1 2027 figure is the lowest quarterly Work In Process since fiscal Q1 2022.
- On a year-over-year basis, Work In Process has declined for three consecutive quarters, with an average decline of 11.0% over the last eight quarters.
- Peak year-over-year performance for Work In Process in the last five years was growth of 58.2% in fiscal Q2 2023, against a decline of 34.9% in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $474 million (Q4 2026), $462 million (Q3 2026) and $536 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn |
| 10 | Flex | 41.76 Bn | 31.22 Bn | 747.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 457.00 Mn |
| Mar 31, 2026 | 474.00 Mn |
| Dec 31, 2025 | 462.00 Mn |
| Sep 26, 2025 | 536.00 Mn |
| Jun 27, 2025 | 516.00 Mn |
| Mar 31, 2025 | 485.00 Mn |
| Dec 31, 2024 | 465.00 Mn |
| Sep 27, 2024 | 460.00 Mn |
| Jun 28, 2024 | 516.00 Mn |
| Mar 31, 2024 | 623.00 Mn |
| Dec 31, 2023 | 697.00 Mn |
| Sep 29, 2023 | 707.00 Mn |
| Jun 30, 2023 | 756.00 Mn |
| Mar 31, 2023 | 709.00 Mn |
| Dec 31, 2022 | 689.00 Mn |
| Sep 30, 2022 | 737.00 Mn |
| Jul 1, 2022 | 658.00 Mn |
| Mar 31, 2022 | 602.00 Mn |
| Dec 31, 2021 | 546.00 Mn |
| Oct 1, 2021 | 466.00 Mn |
API Access
Flex Work In Process 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=work-in-process&ticker=FLEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "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=work-in-process&ticker=FLEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();