Financials

Flex Ltd. financials

FLEX Electronic Equipment, Instruments and Components

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.

Snapshot

Flex Ltd. reported $27.91B in revenue in fiscal 2026, up 8.1% year over year, with an operating margin of 4.9%.

Revenue (FY2026): $27.91B
YoY growth: +8.1%
Operating margin: 4.9%
Direction: Expanding

Financial statements

In thousands, USD
	FY 2026	FY 2025	FY 2024	FY 2023
Total Revenues	27,914,000	25,813,000	26,415,000	28,502,000
Cost of Sales	25,288,000	23,584,000	24,395,000	26,526,000
Gross Profit	2,567,000	2,159,000	1,865,000	1,976,000
Selling, General & Administrative Expenses	1,052,000	904,000	922,000	874,000
Depreciation & Amortization Expenses	68,000	70,000	70,000	81,000
Other Operating Expenses	138,000	86,000	175,000	4,000
Operating Profit	1,368,000	1,169,000	853,000	1,017,000
Interest and Investment Income	51,000	61,000	56,000	30,000
Interest Expense	(215,000)	(218,000)	(207,000)	(230,000)
Non-Operating Income	(61,000)	11,000	(36,000)	(10,000)
Total Non-Operating Income	(225,000)	(146,000)	(187,000)	(210,000)
Income Before Provision for Income Taxes	1,143,000	1,023,000	666,000	807,000
Provision for Income Taxes	263,000	185,000	(206,000)	124,000
Consolidated Net Income	880,000	838,000	872,000	683,000
Net Income Attributable to Minority Interests and Other	—	—	239,000	240,000
Net Income Attributable to Discontinued Operations	—	—	373,000	350,000
Net Income Attributable to Common Shareholders	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
Shares Outstanding	365,690	377,817	408,102	450,123

In thousands, USD
	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

In thousands, USD
	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	100,000	(185,000)	(820,000)	330,000

Key metrics

$23.94B

Market Cap

28.09x

P/E

0.86x

P/S

13.39x

EV/EBITDA

17.3%

Return on Equity

9.9%

Return on Invested Capital

1.36x

Current Ratio

3.8%

Free Cash Flow Margin

Quarterly trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q4 2026	$7.48B	+16.9%	5.0%	$372M
Q3 2026	$7.06B	+7.7%	5.5%	$389M
Q2 2026	$6.80B	+4.0%	4.4%	$296M
Q1 2026	$6.58B	+4.1%	4.7%	$311M
Q4 2025	$6.40B	—	4.8%	$305M
Q3 2025	$6.56B	—	5.1%	$334M
Q2 2025	$6.54B	—	4.5%	$297M
Q1 2025	$6.31B	—	3.7%	$233M

Margins

9.2%

Gross margin

4.9%

Operating margin

3.2%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-18

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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