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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
12455 Research Boulevard, Austin, TX, 78759, United States
N/A
www.flex.com
Market Cap
$22.52B
P/E (TTM)
26.9
25.2
Dividend Yield
--
52W High
$72.22
52W Low
$25.11
52W Range
76%
Rank36Top 31.8%
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: 2016-2025

Financial Dashboard

Q3 2026 Data

Revenue

$7.06B+0.00%
4-Quarter Trend

EPS

$0.64+0.00%
4-Quarter Trend

FCF

$272.00M+0.00%
4-Quarter Trend

2026 Q3 Earnings Highlights

Key Highlights

Nine-Month Sales Growth Net sales reached $20.44B USD for nine months, marking a 5% increase over prior year period results.
Operating Cash Flow Rises Operating cash flow provided $1.27B USD, reflecting strong liquidity improvement of 18.7% for the nine months.
Gross Margin Expansion Noted Gross margin improved 90 basis points to 9.1% of net sales for nine months, driven by operational execution.
Balance Sheet Strengthened Total assets grew to $20.82B USD as of December 31, 2025, up $2.44B from March 31, 2025.

Risk Factors

Ukraine Facility Missile Strike Recognized $46M USD in charges including asset impairments and inventory write-downs resulting from Ukraine facility strike.
Global Economic Uncertainty Global economic uncertainty, tariffs, and geopolitical conflicts may adversely affect future business results and operations.
Legal Tax Contingency Exposure Brazilian subsidiary faces ongoing tax assessments; company believes defenses are meritorious but resolution remains pending.
Increased Debt Obligations Long-term debt increased to $3.76B USD after issuing new notes, potentially affecting future financial flexibility.

Outlook

Liquidity Position Adequate Management expects current financial condition and liquidity sources are adequate to fund all upcoming future commitments.
Share Repurchase Availability $1.3B USD remains available for share repurchases under the current mandate approved by shareholders in August 2025.
Recent Business Acquisition Completed acquisition of Polish manufacturing business for $35M USD, which is now integrated into FRS segment operations.
New Tax Rules Evaluation Evaluating impact of recently enacted OBBBA and preparing for ASU 2023-09 income tax disclosure effective in fiscal year 2026.

Peer Comparison

Revenue (TTM)

JBL stock ticker logoJBL
$31.11B
+13.2%
FLEX stock ticker logoFLEX
$26.84B
+12.2%
LDOS stock ticker logoLDOS
$17.17B
+3.1%

Gross Margin (Latest Quarter)

VRSN stock ticker logoVRSN
88.5%
+0.3pp
CHKP stock ticker logoCHKP
85.1%
-2.1pp
PTC stock ticker logoPTC
82.8%
+4.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TER$47.09B84.919.9%8.3%
CLS$30.95B37.144.1%12.7%
TDY$30.77B34.68.6%17.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.3%
Moderate Growth
4Q Net Income CAGR
2.5%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 5, 2026
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