A set of Planar Hall Resistance (PHR) sensors has been fabricated on rigid and flexible substrates. High signal-to-noise ratio, low offset voltage, nearly zero hysteresis of signal and excellent linearity has been demonstrated for sensors, based on Ta (5 nm)/NiFe (10 nm)/IrMn (10 nm)/Ta (5 nm) thin films, grown on PDMS and Parylene C polymeric substrates. Effect of bending on the performance of the PHR sensors has been studied. The effect of bending deformation on the performance characteristics of the fabricated PHR sensors is reversible until the bending angle reaches a critical one. The critical bending angle is shown to be dependent on the substrate composition. An irreversible deformation of sensor's film, accompanied by the formation of wrinkles and cracks, occurs when the bending angle exceeds the critical one. This deformation originates from the difference between the values of Young's modulus of the substrate and the film. The bending stability of PHR sensor, grown on PDMS substrate, has been improved by deposition of 1 μm of Parylene C both as a buffer and as a capping layer. The performance characteristics of the designed shapeable PHR sensors are compatible with requirements for applications in wearable electronics and medical diagnostic devices. IEEE