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Flex Ltd. FLEX Total Cost of Revenue

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Other financials

Income statement

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Revenue$7.5B+16.9%
Gross profit$730.0M+29.7%
Operating income$372.0M+22.0%
Net income$250.0M+12.6%
EPS (diluted)$0.67+17.5%

Balance sheet

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Cash & equivalents$2.4B+4.4%
Total debt$4.5B+4.2%
Total equity$5.1B+2.8%
Total assets$22.1B+20.0%

Cash flow

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Operating cash flow$413.0M-4.6%
CapEx$202.0M+80.4%
Free cash flow$211.0M-34.3%

Valuation

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Market cap$59.09B+244%
Enterprise value$61.17B+219%
P/E67.2×+46.6×
P/S2.1×+1.5×

Profitability

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Gross margin9.4%+0.9pp
Operating margin4.9%+0.4pp
Net margin3.2%-0.1pp
FCF margin3.8%-0.4pp

Returns & leverage

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Return on equity17.3%+1.1pp
Debt / equity0.9×0.0×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by Flex Ltd. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Flex Ltd.’s 10-K, filed May 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flex Ltd.'s total cost of revenue?
Flex Ltd. (FLEX) reported total cost of revenue of $6.75B in Q1 2026.
How has Flex Ltd.'s total cost of revenue changed year-over-year?
Flex Ltd.'s total cost of revenue increased by 16.2% year-over-year, from $5.81B to $6.75B.
What is the long-term trend for Flex Ltd.'s total cost of revenue?
Over 4 years (2022 to 2026), Flex Ltd.'s total cost of revenue has grown at a 2.6% compound annual growth rate (CAGR), from $22.84B to $25.29B.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.