
Flex Ltd.
NASDAQ•FLEX
CEO: Ms. Revathi Advaithi
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1994-03-18
Flex Ltd. provides manufacturing solutions to various brands in Asia, the Americas, and Europe. It operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise, and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution, including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices. Its FRS segment provides complex ramps with specialized production models and critical environments, which comprise automotive including next generation mobility, autonomous, connectivity, electrification, and smart technologies; health solutions, such as medical devices, medical equipment, and drug delivery; and industrial solutions, including capital equipment, industrial devices, embedded and critical power offerings, and renewables and grid edge. In addition, it provides various services, including design and engineering, such as product design and engineering resources that provide design services, product development, systems integration services, and solutions; supply chain comprising manufacturing, customization, procurement, logistics services, and innovative supply chain solutions; manufacturing; logistics and value-added fulfillment, including warehousing and vendor managed inventory, omni-channel fulfillment, kitting, configuration, and postponement; and integrated reverse logistics and circular economy. Further, the company offers embedded and critical power solutions. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Austin, Texas.
Contact Information
Market Cap
$23.57B
P/E (TTM)
27.6
72.4
Dividend Yield
--
52W High
$72.22
52W Low
$25.11
52W Range
Rank40Top 31.7%
4.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q2 2026 Data
Revenue
$6.80B+3.96%
4-Quarter Trend
EPS
$0.52-3.70%
4-Quarter Trend
FCF
$303.00M+40.28%
4-Quarter Trend
2026 Q2 Earnings Highlights
Key Highlights
Six-Month Net Sales Growth Net sales reached $13.38B, increasing 4% from $12.86B for the six-month period ended September 2025.
Gross Margin Expansion Gross margin improved 110 basis points to 8.9% of net sales, driven by favorable mix and operational execution.
Operating Cash Flow Strong Net cash provided by operating activities was $852M, up from $659M year over year for the six-month period.
Net Income Increased Six-month net income grew to $391M, up from $353M, reflecting better operational leverage this reporting period.
Risk Factors
Ukraine Facility Impairment Recognized $41M total expense from missile strike, including $23M asset impairment and inventory write-downs in Q2.
Global Economic Uncertainty Ongoing geopolitical conflicts, tariffs, and inflation create uncertainty impacting financial markets and future business results.
Foreign Tax Assessment Foreign Tax Authority assessed $167M in cumulative taxes owed; management actively contesting these uncertain positions.
Contingent Consideration Risk Contingent consideration related to prior acquisitions remains a Level 3 measurement, subject to unobservable inputs.
Outlook
New Credit Facility Secured Entered new $2.75B 2030 Credit Facility in July 2025, providing liquidity and replacing prior facility due in 2027.
Share Repurchase Authorization $1.5B remains available for share repurchases under the current mandate approved by the Board in August 2025.
FRS Segment Acquisition Completed $35M acquisition in Poland for FRS segment, adding manufacturing capabilities in the first quarter of FY2026.
Strategic Portfolio Optimization Strategy focuses on portfolio reorganization to align extensive service offerings with evolving customer requirements globally.
Peer Comparison
Revenue (TTM)
JBL$31.11B
FLEX$26.33B
CLS$11.25B
Gross Margin (Latest Quarter)
85.3%
NTAP70.5%
68.9%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CLS | $34.91B | 50.1 | 38.5% | 11.9% |
| TER | $31.89B | 71.1 | 15.9% | 6.8% |
| JBL | $25.11B | 35.8 | 51.1% | 17.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.2%
Moderate Growth
4Q Net Income CAGR
-8.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 4, 2026
EPS:$0.78
|Revenue:-
Reports
All Years
Form 10-Q - Q2 2026
Period End: Sep 26, 2025|Filed: Oct 31, 2025|Revenue: $6.80B+4.0%|EPS: $0.52-3.7%MissForm 10-Q - Q1 2026
Period End: Jun 27, 2025|Filed: Jul 25, 2025|Revenue: $6.58B+4.1%|EPS: $0.50+42.9%MissForm 10-K - FY 2025
Period End: Mar 31, 2025|Filed: May 21, 2025|Revenue: $25.81B-2.3%|EPS: $2.14-7.4%BeatForm 10-Q - Q3 2025
Period End: Dec 31, 2024|Filed: Jan 31, 2025|Revenue: $6.56B+2.1%|EPS: $0.68+47.8%BeatForm 10-Q - Q2 2025
Period End: Sep 27, 2024|Filed: Oct 31, 2024|Revenue: $6.55B-12.4%|EPS: $0.54+5.9%MissForm 10-Q - Q1 2025
Period End: Jun 28, 2024|Filed: Jul 26, 2024|Revenue: $6.31B-13.9%|EPS: $0.35-16.7%MissForm 10-K - FY 2024
Period End: Mar 31, 2024|Filed: May 17, 2024|Revenue: $26.42B-7.3%|EPS: $2.31+32.0%MissForm 10-Q - Q3 2024
Period End: Dec 31, 2023|Filed: Feb 2, 2024|Revenue: $6.42B-17.2%|EPS: $0.46-9.8%Miss