FLEX•Electronic Equipment, Instruments and Components•Updated
Revenue (FY2026)
$27.91B
YoY growth
+8.1%
Operating margin
4.9%
Direction
Expanding
Business Description
Flex Ltd. is a global technology company specializing in design, engineering, manufacturing, and supply chain solutions for sectors including automotive and consumer electronics. Founded in 1969 and traded on Nasdaq under the symbol FLEX, the company leverages its extensive global network to deliver high-volume production and integrated engineering services. Under CEO Revathi Advaithi, Flex is investing in automation and sustainability initiatives to drive growth in emerging markets while continually enhancing its service offerings.
Financial Statements
In thousands, USD
FY 2026
FY 2025
FY 2024
FY 2023
Net sales
27,914,000
25,813,000
26,415,000
28,502,000
Cost of sales
25,288,000
23,584,000
24,395,000
26,503,000
Restructuring charges
59,000
70,000
155,000
23,000
Gross profit
2,567,000
2,159,000
1,865,000
1,976,000
Selling, general and administrative expenses
1,052,000
904,000
922,000
874,000
Restructuring and impairment charges
79,000
16,000
20,000
4,000
Intangible amortization
68,000
70,000
70,000
81,000
Operating income
1,368,000
1,169,000
853,000
1,017,000
Interest expense
(215,000)
(218,000)
(207,000)
(230,000)
Interest income
51,000
61,000
56,000
30,000
Other charges (income), net
(30,000)
14,000
(44,000)
(6,000)
Equity in earnings (losses) of unconsolidated affiliates
(31,000)
(3,000)
8,000
(4,000)
Income from continuing operations before income taxes
1,143,000
1,023,000
666,000
807,000
Provision for (benefit from) income taxes
263,000
185,000
(206,000)
124,000
Net income from continuing operations
880,000
838,000
872,000
683,000
Net income from discontinued operations, net of tax
—
—
373,000
350,000
Net income
880,000
838,000
1,245,000
1,033,000
Net income attributable to noncontrolling interest
—
—
239,000
240,000
Net income attributable to Flex Ltd.
880,000
838,000
1,006,000
793,000
Basic EPS
2.37
2.14
2.31
1.75
Diluted EPS
2.33
2.11
2.28
1.72
Basic weighted average shares outstanding
371,000
391,000
435,000
454,000
Diluted weighted average shares outstanding
378,000
398,000
441,000
462,000
FY 2026
FY 2025
FY 2024
FY 2023
Cash and Cash Equivalents
2,389,000
2,289,000
2,474,000
3,164,000
Total Cash and Cash Equivalents
2,389,000
2,289,000
2,474,000
3,164,000
Accounts Receivable
4,679,000
3,671,000
3,033,000
3,480,000
Other Receivables
1,063,000
616,000
249,000
243,000
Total Trade Receivables
5,742,000
4,287,000
3,282,000
3,723,000
Inventories
5,845,000
5,071,000
6,205,000
7,388,000
Other Current Assets
2,356,000
1,194,000
1,031,000
1,758,000
Total Current Assets
16,332,000
12,841,000
12,992,000
16,033,000
Net Property, Plant & Equipment
3,164,000
2,892,000
2,870,000
2,947,000
Net Intangible Assets
283,000
343,000
245,000
315,000
Goodwill
1,369,000
1,341,000
1,135,000
1,139,000
Other Long-Term Assets
912,000
964,000
1,015,000
973,000
Total Assets
22,060,000
18,381,000
18,257,000
21,407,000
Accounts Payable
8,055,000
5,147,000
4,468,000
5,724,000
Accrued Expenses
671,000
560,000
488,000
506,000
Short-Term Debt
—
1,209,000
—
150,000
Unearned Revenue
2,156,000
1,957,000
2,615,000
2,955,000
Other Current Liabilities
1,134,000
977,000
968,000
1,532,000
Total Current Liabilities
12,016,000
9,850,000
8,539,000
10,867,000
Long-Term Debt
3,751,000
2,483,000
3,261,000
3,544,000
Leases
565,000
456,000
490,000
504,000
Other Long-Term Liabilities
584,000
590,000
642,000
786,000
Total Long-Term Liabilities
4,900,000
3,529,000
4,393,000
4,834,000
Total Liabilities
16,916,000
13,379,000
12,932,000
15,701,000
Common Stock
3,347,000
4,142,000
5,074,000
6,493,000
Treasury Stock
(200,000)
(200,000)
—
(388,000)
Accumulated Other Comprehensive Income
(167,000)
(224,000)
(195,000)
(194,000)
Retained Earnings
2,164,000
1,284,000
446,000
(560,000)
Total Common Shareholders' Equity
5,144,000
5,002,000
5,325,000
5,351,000
Minority Interests and Other
—
—
—
355,000
Total Shareholders' Equity
5,144,000
5,002,000
5,325,000
5,706,000
Total Liabilities and Shareholders' Equity
22,060,000
18,381,000
18,257,000
21,407,000
FY 2026
FY 2025
FY 2024
FY 2023
Net Income
880,000
838,000
1,245,000
1,033,000
Depreciation & Amortization
563,000
539,000
537,000
501,000
Share-Based Compensation Expense
142,000
125,000
152,000
133,000
Other Adjustments
229,000
168,000
(357,000)
(102,000)
Changes in Trade Receivables
(1,414,000)
(966,000)
339,000
(415,000)
Changes in Inventories
(742,000)
1,176,000
1,105,000
(974,000)
Changes in Accounts Payable
2,858,000
630,000
(986,000)
(341,000)
Changes in Other Operating Activities
(831,000)
(1,005,000)
(709,000)
1,115,000
Cash from Operating Activities
1,685,000
1,505,000
1,326,000
950,000
Capital Expenditure
(633,000)
(438,000)
(530,000)
(635,000)
Proceeds from Sale of Property, Plant & Equipment
8,000
15,000
25,000
20,000
Payments for Business Acquisitions
(40,000)
(405,000)
—
2,000
Proceeds from Business Divestments
(4,000)
(21,000)
12,000
2,000
Other Investing Activities
(3,000)
11,000
1,000
7,000
Cash from Investing Activities
(672,000)
(838,000)
(492,000)
(604,000)
Issuance of Long-Term Debt
1,251,000
499,000
2,000
718,000
Repayments of Long-Term Debt
(1,217,000)
(58,000)
(409,000)
(1,024,000)
Net Issuance / (Repayments) of Long-Term Debt
34,000
441,000
(407,000)
(306,000)
Repurchases of Common Shares
(944,000)
(1,257,000)
(1,298,000)
(337,000)
Net Issuance / (Repurchases) of Common Shares
(944,000)
(1,257,000)
(1,298,000)
(337,000)
Other Financing Activities
(14,000)
(5,000)
49,000
645,000
Cash from Financing Activities
(924,000)
(821,000)
(1,656,000)
2,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents
11,000
(31,000)
2,000
(18,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash