greeksoup/ stock research
Stock research / United States / FLEX · Printed Circuit Boards · Nasdaq

Flex Ltd. (FLEX)

Flex is a manufacturing partner that helps customers design, build, deliver and manage products, working from more than 100 locations across approximately 30 countries on four continents. Its capabilities cover design and engineering, supply chain, manufacturing and integrated services, plus a portfolio of power and cooling products, and it serves data centre, healthcare, industrial, automotive, communications and lifestyle customers. The financial year ends on 31 March. At 31 March 2026 there were three reportable segments. Integrated Technology Solutions covers communications, high speed networking, enterprise and satellite communications systems, and lifestyle products across commercial, home and personal categories. Regulated Manufacturing Solutions covers industrial automation, energy and infrastructure, automotive compute and power electronics and integrated systems, and regulated manufacturing for medical devices, drug delivery and equipment. Cloud and Power Infrastructure covers integrated compute systems and advanced liquid cooling for power-dense data centre deployments, and utility and facility-level electrical infrastructure along with rack- and board-level power systems.

Flex Ltd.

Flex is a manufacturing partner that helps customers design, build, deliver and manage products, working from more than 100 locations across approximately 30 countries on four continents. Its capabilities cover design and engineering, supply chain, manufacturing and integrated services, plus a portfolio of power and cooling products, and it serves data centre, healthcare, industrial, automotive, communications and lifestyle customers. The financial year ends on 31 March. At 31 March 2026 there were three reportable segments. Integrated Technology Solutions covers communications, high speed networking, enterprise and satellite communications systems, and lifestyle products across commercial, home and personal categories. Regulated Manufacturing Solutions covers industrial automation, energy and infrastructure, automotive compute and power electronics and integrated systems, and regulated manufacturing for medical devices, drug delivery and equipment. Cloud and Power Infrastructure covers integrated compute systems and advanced liquid cooling for power-dense data centre deployments, and utility and facility-level electrical infrastructure along with rack- and board-level power systems.

How the segments differ

Integrated Technology Solutions serves customers building technology-driven products on fast development cycles, while Regulated Manufacturing Solutions serves safety-critical regulated markets that demand precision, compliance and reliability; together they form the core design, engineering, advanced manufacturing and supply chain business and share an operating model, infrastructure and processes. Cloud and Power Infrastructure delivers compute, power and cooling for large-scale cloud, data centre and AI deployments, work characterised by systems-level integration, high power density, proprietary engineering and complex global manufacturing, reaching from rack-level systems through to facility and utility electrical infrastructure.

The planned split

On 5 May 2026, after a strategic and operational review by the board and management, the company announced its intention to separate into two independent publicly traded companies, one holding Cloud and Power Infrastructure and the other holding the advanced manufacturing and supply chain business made up of the other two segments. The transaction is intended to qualify as tax-free for United States federal income tax purposes for shareholders, and the filing states the spin-off is targeted for completion in the first quarter of calendar 2027, subject to conditions including board and shareholder approval, approval by the High Court of the Republic of Singapore and compliance with SEC requirements, with no assurance that it will occur. Earlier, on 2 January 2024, the company completed the spin-off of its remaining interest in Nextracker to shareholders, and that former segment is presented as a discontinued operation.

What it does for customers

Design and engineering services cover system architecture, hardware and software integration and design for manufacturability, along with mechanicals, plastics and advanced printed circuit board assembly, helping customers take products from concept to volume production. Supply chain services provide digital supply chain capability, real time visibility and analytics and supplier relationships, plus manufacturing, customisation, procurement and logistics for electronic components. Manufacturing services generate most of the revenue and cover printed circuit board assembly and assembly of systems and subsystems with complex electromechanical components, along with enclosures, testing and materials procurement and inventory management, across programmes from low-volume and high-complexity to high-volume. Value-added fulfilment and forward logistics serve enterprise, retail, direct-to-consumer and marketplace channels, and aftermarket services cover returns and screening, repair, refurbishment, asset recovery, resale of products and parts, and recycling. Power, thermal and compute infrastructure capabilities cover critical power products, embedded power, thermal management and compute and rack-level infrastructure for AI data centres and mission-critical uses.

Competition and customers

The contract manufacturing services market is competitive, with domestic and foreign service providers as rivals alongside current and prospective customers, and the company names quality and range of services, design and technological capability, cost, site location, supply chain resilience, sustainability, and responsiveness and flexibility as the principal competitive factors. Its manufacturing footprint was balanced in the year to 31 March 2026, with 44% of net sales in North America, 16% in China, 20% in Europe and 20% elsewhere, measured by where the product is made or the service provided. It serves customers across seven reporting units, and in fiscal 2026 the ten largest customers were 45% of net sales while no single customer was above 10%.

People

At 31 March 2026 the global workforce totalled approximately 150,000 people including contractors: 61,841 in the Americas, 60,870 in Asia and 26,975 in Europe. In certain international locations employees are represented by labour unions and works councils.

From Flex's annual report on Form 10-K for the year ended 31 March 2026. The filing

Compare with another name What $10,000 in Flex became

Latest results

Latest quarterQ2 FY2027ended 25 September 2026 · 10-Q filed 30 October 2026
Revenue
$8.5 billion
+24.8% on the year · +7.1% on the quarter
Q3 FY2025Q2 FY2027
Net income
$263 million
+32.2% on the year · -7.7% on the quarter
Q3 FY2025Q2 FY2027
Diluted EPS
$0.70
+34.6% on the year · -7.9% on the quarter
Q3 FY2025Q2 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2026ended 31 March 2026 · 10-K filed 20 May 2026
Revenue
$27.9 billion
+8.1% on the year
FY2019FY2026
Net income
$880 million
+5.0% on the year
FY2019FY2026
Diluted EPS
$2.33
+10.4% on the year
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The years before, in wordsFlex (FLEX) reported revenue of $27.9 billion for fiscal 2026, the year ended 31 March 2026, up 8.1% on the year before. Net income was $880 million and diluted earnings per share $2.33. Revenue was $25.8 billion in fiscal 2025, $26.4 billion in fiscal 2024, $28.5 billion in fiscal 2023 and $24.6 billion in fiscal 2022. Net income in the same years was $838 million, $1.0 billion, $793 million and $936 million. Over the twelve months to 25 September 2026, Flex reported revenue of $31.0 billion and net income of $1.0 billion. Revenue grew 3.0% a year, compounded, over the five years to fiscal 2026. Flex had 369 million shares outstanding at the latest filed count. At 25 September 2026 it carried $5.2 billion of debt and $3.1 billion of cash. At the close of 6 November 2026 the market cap of Flex was $25.8 billion, 25.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE17.9%
ROCE14.2%
Operating margin5.1%
Net margin3.4%
FCF margin2.5%
Interest cover6.5x
Debt to equity0.90x
Cash conversion1.55x
Share count, last 12 months-0.4%
Sales CAGR, 3 years-0.7%
Profit CAGR, 3 years3.5%
EPS, TTM$2.77

At the close of 6 November 2026

Price$69.76
Market cap$25.8 billion
Stock P/E25.2x
Price to book4.4x
EV / EBITDA13.2x
Dividend yieldn/a
Market cap / sales0.83x
52-week high$162.07
52-week low$54.51
Price, 1 year10.2%
Price CAGR, 3 years53.8%
Price CAGR, 5 years38.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Flex Ltd. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
FLEXgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q3 FY2022Q4 FY2022Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue6,6196,8516,9617,3037,2546,9846,8926,9336,4216,1696,3146,5456,5566,3986,5756,8047,0587,4777,9288,491
Cost of revenue6,1286,3406,8127,1757,1686,9036,3996,4115,9275,6585,8275,9985,9525,8075,9876,1816,3736,7477,1777,664
Gross profit491505487525499465476519433437471531594563572614679702747812
Gross margin7%7%7%7%7%7%7%7%7%7%7%8%9%9%9%9%10%9%9%10%
SG&A225253241245243266235221205261213216241234233260270289334371
Operating income251228253282259223215281198159233297334305311296389372392414
Operating margin4%3%4%4%4%3%3%4%3%3%4%5%5%5%5%4%6%5%5%5%
Interest expense38.039.043.044.049.051.056.049.050.052.056.053.057.052.051.052.058.054.060.069.0
Pre-tax income243198232272262208164233152117192264288279246262n/an/an/an/a
Tax rate7%14%16%12%10%-75%10%14%15%-238%28%19%9%20%22%24%n/an/an/an/a
Net income227168189232230142186228197395139214263222192199239250285263
Net margin3%2%3%3%3%2%3%3%3%6%2%3%4%3%3%3%3%3%4%3%
Diluted EPS$0.48$0.36$0.40$0.50$0.50$0.31$0.41$0.51$0.45$0.93$0.34$0.54$0.67$0.57$0.50$0.52$0.64$0.67$0.76$0.70
Operating cash flow15036038.01033594506.0357284679340319413433399453420413276501
Capital expenditure12311010718915918016715213081.0111103112112133150148202236241
Free cash flow27.0250-69.0-86.0200270-16120515459822921630132126630327221140.0260
Buybacks90.010618172.040.044.01973092755174573002012992472972002000.00.0
Shares outstanding467m461m458m454m452m450m449m438m427m408m399m390m384m378m376m371m368m366m369m369m
Filing10-Q10-K10-K10-K10-K10-K10-K10-K10-K10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025FY2026TTM
Revenue27,55830,94924,01028,44329,38823,56926,10926,14824,41923,86325,44126,21124,21024,12424,63328,50226,41525,81327,91430,954
Cost of revenue25,97329,51322,80127,09527,87022,18724,61024,60322,81122,30323,77824,59422,68122,34922,83826,50324,39523,58425,28827,961
Gross profit1,1761,2801,2121,5851,5171,1661,4401,5451,6081,5211,5961,5181,3381,6871,7801,9761,8652,1592,5672,940
Gross margin4.3%4.1%5.0%5.6%5.2%4.9%5.5%5.9%6.6%6.4%6.3%5.8%5.5%7.0%7.2%6.9%7.1%8.4%9.2%9.5%
Research and developmentn/an/a13.346.578.9n/a30.026.361.065.678.2n/an/an/an/an/an/an/an/an/a
Selling, general and administrative8079797558028788058758449559371,0199538348178308749229041,0521,264
Operating incomen/an/an/an/an/an/an/an/an/an/an/an/a4157958901,0178531,1691,3681,567
Operating marginn/an/an/an/an/an/an/an/an/an/an/an/a1.7%3.3%3.6%3.6%3.2%4.5%4.9%5.1%
Interest expensen/a24615888.767.868.979.976.498.01081231467.2150166230207218215241
Pre-tax income23.7-6,130-10.76345753294006714553715211821597149648076661,0231,143n/a
Income tax7055.2-35.722.054.026.334.969.910.651.392.489.070.910192.0124-206185263345
Effective tax rate2980.6%n/an/a3.5%9.4%8.0%8.7%10.4%2.3%13.8%17.7%48.9%44.6%14.1%9.5%15.4%-30.9%18.1%23.0%n/a
Net income-681-6,13618.659648927736560144432042993.088.06139367931,0068388801,037
Net margin-2.5%-19.8%0.1%2.1%1.7%1.2%1.4%2.3%1.8%1.3%1.7%0.4%0.4%2.5%3.8%2.8%3.8%3.2%3.2%3.4%
Diluted EPS-$0.95-$7.47$0.02$0.75$0.67$0.41$0.59$1.02$0.79$0.59$0.80$0.18$0.17$1.21$1.94$1.72$2.28$2.11$2.33$2.77
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2010 to FY2026

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
ITSn/an/an/an/an/an/an/an/an/an/an/an/an/an/a12,63611,33611,10939.8%
RMSn/an/an/an/an/an/an/an/an/an/an/an/an/an/a10,5359,67810,19136.5%
CPIn/an/an/an/an/an/an/an/an/an/an/an/an/an/a3,2444,7996,61423.7%
Americas7,7748,3388,435n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Asia11,55114,62015,409n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Communications & Enterprise Computen/an/an/a3,7633,7884,4594,6818,3837,729n/an/an/an/an/an/an/an/an/a
Consumer Technologies Groupn/an/an/a2,8353,2753,5573,8996,3626,970n/an/an/an/an/an/an/an/an/a
Europe4,6845,5315,544n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
FASn/an/an/an/an/an/an/an/an/a16,85514,05313,49314,02715,769n/an/an/an/a
FRSn/an/an/an/an/an/an/an/an/a9,3569,0539,49510,60612,733n/an/an/an/a
High Reliability Solutionsn/an/an/an/a9,6889,1918,8424,1494,769n/an/an/an/an/an/an/an/an/a
Industrial & Emerging Industriesn/an/an/a7,0379,3588,9406,9984,9685,972n/an/an/an/an/an/an/an/an/a
Integrated Network Solutionsn/an/an/a9,935n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Nextrackern/an/an/an/an/an/an/an/an/an/a1,1711,195n/an/an/an/an/an/a
Singaporen/a578n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Sales between segments, taken outn/a-625n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
ITS FY2024 to FY2026RMS FY2024 to FY2026CPI FY2024 to FY2026FAS FY2019 to FY2023FRS FY2019 to FY2023Nextracker FY2020 to FY2021Industrial & Emerging Industries FY2013 to FY2018High Reliability Solutions FY2014 to FY2018Communications & Enterprise Compute FY2013 to FY2018Consumer Technologies Group FY2013 to FY2018Integrated Network Solutions FY2013Asia FY2010 to FY2012Americas FY2010 to FY2012Europe FY2010 to FY2012Singapore FY2011
29.1FY201126.1FY201423.9FY201724.3FY202028.5FY202327.9FY2026

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Sales between segments, taken out is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2013 to FY2023, 1 year left out

The operating profit each segment reports. Costs Flex does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2013FY2014FY2015FY2016FY2017FY2018FY2020FY2021FY2022FY2023Margin
FY2023
FASn/an/an/an/an/an/a3694496056944.4%
FRSn/an/an/an/an/an/a4744845466074.8%
Communications & Enterprise Compute158127132158229186n/an/an/an/an/a
Consumer Technologies Group168221228295180112n/an/an/an/an/a
High Reliability Solutionsn/a259257265334381n/an/an/an/an/a
Industrial & Emerging Industries41.3125218164180235n/an/an/an/an/a
Integrated Network Solutions270n/an/an/an/an/an/an/an/an/an/a
Nextrackern/an/an/an/an/an/a168178n/an/an/a
FAS FY2020 to FY2023Industrial & Emerging Industries FY2013 to FY2018FRS FY2020 to FY2023High Reliability Solutions FY2014 to FY2018Integrated Network Solutions FY2013Communications & Enterprise Compute FY2013 to FY2018Nextracker FY2020 to FY2021Consumer Technologies Group FY2013 to FY2018
733FY2014881FY2016914FY20181,111FY20211,301FY2023

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2023Share of salesShare of profit
FAS55%53%
FRS45%47%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2011 to FY2026

FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
Americas8,2928,3917,1938,1898,8988,3488,5839,8819,89310,0669,6729,41411,90612,23212,65613,82049.5%
Asia14,62015,40911,74313,71412,95311,78910,96211,21111,4709,3629,3269,61510,3848,5407,7018,40130.1%
Europe5,5315,5444,6334,2054,2974,2824,3184,3504,8484,7825,1265,6046,2125,6435,4565,69320.4%
AmericasAsiaEurope
29.3FY201226.1FY201424.4FY201625.4FY201824.2FY202024.6FY202226.4FY202427.9FY2026

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025FY2026TTM
Operating cash flow1,0431,3177998578041,1151,2167941,136-3,822-3,866-2,971-1,5331441,0249501,3261,5051,6851,610
Capital expenditure328514235471437489610347511525562726462351443635530438633827
Free cash flow715803564387367626607447626-4,347-4,428-3,697-1,995-2075813157961,0671,052783
Free cash flow margin2.6%2.6%2.4%1.4%1.2%2.7%2.3%1.7%2.6%-18.2%-17.4%-14.1%-8.2%-0.9%2.4%1.1%3.0%4.1%3.8%2.5%
Cash from investing-935-6457.8-413-481-697-784-242-1,3964,2703,7113,2532,279-202-951-604-492-838-672-1,858
Cash from financing962-647-713-642-522-340-411-516250-242-188-30.0-5087432802.0-1,656-821-9241,087
Depreciation and amortisationn/a521708472522566465540515432434433487484469495501509525552
Share-based compensation47.656.956.555.248.534.540.450.377.677.381.376.071.079.091.0133152125142165
Buybacks0.02600.04005103224754164203501801892601836863371,2981,257944400
Diluted shares, weighted721m821m821m790m728m675m623m592m565m546m537m530m512m506m483m462m441m398m378m374m
Shares outstanding at period endn/a810m813m757m684m639m591m563m545m531m528m517m497m493m461m450m408m378m366m369m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025FY2026TTM
Funded by
Shareholders' equity8,2411,8611,9852,2952,2842,2472,1632,3612,5712,6453,0192,9722,8313,4364,1295,3515,3255,0025,1445,807
Non-controlling interestn/an/an/an/an/an/a38.635.434.733.70.0n/an/an/a0.03550.0n/an/an/a
Redeemable equityn/an/an/an/an/an/an/an/an/an/an/a0.00.00.078.00.00.00.0n/an/a
Debtn/a2,7342,2552,2202,1892,0682,1032,0842,7922,9682,9543,0652,8523,8044,1973,6943,2613,6923,7515,213
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.0529562551504490456565770
Other liabilitiesn/a6,7226,4037,1196,5616,2778,1967,1866,9886,9477,7437,4627,4788,03410,37011,4919,1819,23112,60015,587
Total liabilities and equityn/a11,31710,64311,63311,03410,59212,50011,66612,38512,59313,71613,49913,69015,83619,32521,39518,25718,38122,06027,377
Owned
Fixed assetsn/a2,3342,1192,0842,0762,1752,2892,0922,2582,3172,2402,3362,2162,0972,1252,3422,2692,3302,5052,849
Goodwilln/a36.884.493.21022622933349429851,1211,0731,0651,0901,1381,1391,1351,3411,3691,843
Intangible assetsn/an/a17012058.381.584.581.5404362424331262213411315245343283701
Cash and equivalents1,7201,8221,9281,7481,5181,5871,5941,6281,6081,8311,4721,6971,9232,6372,9643,1642,4742,2892,3893,083
Receivablesn/a2,3172,4392,5722,5942,1122,6982,3382,0452,1932,5182,6132,4363,9593,3713,4803,0333,6714,6795,777
Inventoryn/a2,9972,8763,5173,3012,7223,5993,4893,4923,3963,8003,7233,7853,8956,5807,3886,2055,0715,8457,323
Other assetsn/a1,8111,0271,4991,3841,6521,9441,7041,6381,5092,1411,7272,0031,9452,7363,5672,8963,3364,9905,801
Total assetsn/a11,31710,64311,63311,03410,59212,50011,66612,38512,59313,71613,49913,69015,83619,32521,39518,25718,38122,06027,377
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.3%3.0%-0.7%17.5%
Profit growth, compounded7.1%7.5%3.5%18.4%
Return on equity, average14.1%18.0%17.6%17.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Flex's revenue in fiscal 2026?

Flex (FLEX) reported revenue of $27.9 billion for fiscal 2026, the year ended 31 March 2026, up 8.1% on the year before.

How much did Flex earn in fiscal 2026?

Net income was $880 million for fiscal 2026, and diluted earnings per share $2.33.

What is Flex's P/E ratio?

At the close of 6 November 2026, Flex traded at 25.2 times its earnings over the twelve months to 25 September 2026.

What is Flex's market cap?

The market cap of Flex was $25.8 billion at the close of 6 November 2026.

How much debt does Flex have?

At 25 September 2026 Flex carried $5.2 billion of debt and $3.1 billion of cash.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Celestica Inc. CLS$26.1 billion19.5520.0%8.3%61.6%0.13n/a
Flex Ltd. FLEX$25.8 billion25.1817.9%5.1%17.5%0.90n/a
Jabil Inc. JBL$25.0 billion24.4364.6%4.7%20.6%2.090.1%
ON Semiconductor Corp. ON$24.7 billion36.879.1%12.3%2.9%0.60n/a
Qnity Electronics, Inc. Q$24.4 billion43.967.4%n/an/a0.530.1%
Sanmina Corp. SANM$7.2 billion24.0911.2%4.2%58.6%0.79n/a
TTM Technologies Inc. TTMI$7.0 billion26.5013.1%11.1%37.6%0.80n/a
Plexus Corp. PLXS$5.1 billionn/an/an/an/a0.18n/a
Benchmark Electronics Inc. BHE$2.2 billion38.945.0%3.5%12.9%0.141.1%
CTS Corp. CTS$1.7 billion22.8912.6%17.0%7.4%0.090.3%
Kimball Electronics, Inc. KE$462 million22.933.5%4.4%-1.5%0.40n/a
Nano Dimension Ltd. NNDM$262 millionn/a-34.4%-117.3%n/a0.04n/a
All 130 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.50 trillion23.6084.2%65.2%83.4%0.150.1%
Taiwan Semiconductor Manufacturing Company Limited TSM *$1.95 trillion37.3631.7%50.8%31.6%0.190.8%
Broadcom Inc. AVGO$1.40 trillion37.4738.4%48.0%48.7%0.610.9%
Micron Technology Inc. MU$780.6 billion9.3061.4%74.6%256.3%0.040.1%
Advanced Micro Devices Inc. AMD$734.2 billion97.3211.1%17.7%41.9%0.10n/a
Intel Corp. INTC$299.0 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$264.0 billion28.6836.2%29.6%7.8%0.260.6%
Texas Instruments Inc. TXN$252.9 billion35.9037.1%40.8%20.3%0.712.1%
Arm Holdings plc ARM *$185.7 billion205.3410.9%18.3%22.8%0.00n/a
Amphenol Corp. APH$184.2 billion32.4334.6%27.7%57.6%1.040.7%
Qualcomm Inc. QCOM$177.6 billion13.0544.8%20.1%-2.6%0.502.2%
Analog Devices Inc. ADI$175.9 billion43.0712.3%35.5%33.6%0.271.2%
Marvell Technology, Inc. MRVL$123.7 billion46.5614.2%16.5%30.6%0.270.2%
Motorola Solutions, Inc. MSI$85.2 billion41.4067.9%24.2%11.4%3.290.9%
Northrop Grumman Corp. NOC$74.6 billion16.5924.2%10.6%6.5%0.811.8%
Vertiv Holdings Co. VRT$70.4 billion34.1738.1%20.1%35.3%0.530.1%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
NXP Semiconductors N.V. NXPI$62.6 billion19.5126.7%33.0%14.6%0.911.6%
Monolithic Power Systems, Inc. MPWR$58.0 billion65.6023.9%29.5%40.5%0.000.6%
Garmin Ltd. GRMN$55.1 billion27.4221.1%28.8%13.6%0.001.4%
Lumentum Holdings Inc. LITE$48.7 billionn/a-143.9%23.5%103.2%0.31n/a
L3Harris Technologies, Inc. LHX$48.4 billion24.2610.1%10.7%7.3%0.541.9%
Nokia Corporation NOK *$42.7 billion57.113.1%4.4%3.5%0.162.0%
STMicroelectronics N.V. STM *$37.1 billion231.690.9%1.5%-11.1%0.120.9%
Ubiquiti Inc. UI$35.9 billion33.4763.7%36.9%29.4%0.000.6%
United Microelectronics Corporation UMC *$34.9 billion27.6111.0%18.5%2.3%0.17n/a
Telefonaktiebolaget LM Ericsson ERIC *$34.6 billion11.8526.0%16.3%-4.5%0.302.8%
Ciena Corp. CIEN$34.5 billion54.2521.4%12.3%32.6%1.06n/a
Astera Labs, Inc. ALAB$33.3 billion75.8523.1%25.5%115.2%0.00n/a
Microchip Technology Inc. MCHP$31.8 billion44.2012.6%20.9%33.0%0.833.1%
Teledyne Technologies Inc. TDY$28.6 billion28.279.2%20.0%8.6%0.18n/a
Celestica Inc. CLS$26.1 billion19.5520.0%8.3%61.6%0.13n/a
Flex Ltd. FLEX$25.8 billion25.1817.9%5.1%17.5%0.90n/a
Jabil Inc. JBL$25.0 billion24.4364.6%4.7%20.6%2.090.1%
ON Semiconductor Corp. ON$24.7 billion36.879.1%12.3%2.9%0.60n/a
Qnity Electronics, Inc. Q$24.4 billion43.967.4%n/an/a0.530.1%
Hubbell Inc. HUBB$22.7 billion25.1822.1%20.1%16.0%1.251.3%
Credo Technology Group Holding Ltd. CRDO$22.6 billion42.7719.7%31.7%165.1%0.00n/a
First Solar, Inc. FSLR$21.6 billion11.6417.1%37.7%-0.7%0.01n/a
Cerebras Systems Inc. CBRS$21.3 billionn/an/an/an/a0.10n/a
Macom Technology Solutions Holdings, Inc. MTSI$16.1 billion67.7915.6%18.1%28.4%0.22n/a
Nextpower Inc. NXT$15.8 billion26.4323.2%19.0%13.7%0.00n/a
Lattice Semiconductor Corp. LSCC$14.9 billion328.113.2%9.1%63.4%0.61n/a
Sitime Corp. SITM$12.6 billion443.470.8%0.9%142.6%0.38n/a
Skyworks Solutions, Inc. SWKS$12.4 billion42.585.1%7.6%0.1%0.093.5%
Fabrinet FN$11.7 billion24.6719.1%10.0%43.0%0.03n/a
Semtech Corp. SMTC$9.6 billion68.4420.6%8.0%17.8%0.66n/a
Leonardo Drs, Inc. DRS$9.1 billion25.0512.6%10.8%8.9%0.061.1%
Amkor Technology, Inc. AMKR$8.1 billion13.2312.9%9.5%15.7%0.521.0%
Rambus Inc. RMBS$8.0 billion30.6718.8%36.3%17.3%0.00n/a
Advanced Energy Industries Inc. AEIS$7.9 billion28.3118.2%16.0%31.7%0.800.2%
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Sanmina Corp. SANM$7.2 billion24.0911.2%4.2%58.6%0.79n/a
TTM Technologies Inc. TTMI$7.0 billion26.5013.1%11.1%37.6%0.80n/a
Viavi Solutions Inc. VIAV$7.0 billion118.625.1%10.6%47.4%0.49n/a
Formfactor Inc. FORM$6.4 billion37.0414.7%18.3%29.1%0.01n/a
Esco Technologies Inc. ESE$6.0 billion18.9819.5%14.2%24.0%0.050.1%
Cirrus Logic, Inc. CRUS$5.7 billion14.3518.9%22.5%5.1%0.00n/a
Impinj Inc. PI$5.3 billionn/a-3.1%-0.7%7.7%0.62n/a
Allegro Microsystems, Inc. ALGM$5.2 billion187.673.1%7.5%27.9%0.28n/a
Plexus Corp. PLXS$5.1 billionn/an/an/an/a0.18n/a
Synaptics Inc. SYNA$4.6 billionn/a-53.2%-4.7%8.1%0.91n/a
Planet Labs PBC PL$4.6 billionn/a-63.8%-27.2%44.1%0.79n/a
Applied Optoelectronics, Inc. AAOI$4.5 billionn/a-1.5%-6.8%77.2%0.10n/a
Maxlinear, Inc. MXL$4.5 billionn/a-5.5%-0.9%56.0%0.31n/a
Mercury Systems Inc. MRCY$4.4 billionn/a-2.0%0.0%7.9%0.29n/a
Universal Display Corp. OLED$4.0 billion17.9013.8%34.6%-1.9%n/a2.2%
Enphase Energy, Inc. ENPH$3.8 billion42.497.3%4.2%-19.9%0.46n/a
Vishay Intertechnology Inc. VSH$3.7 billion37.563.2%5.2%17.6%0.251.7%
Diodes Inc. DIOD$3.5 billion31.145.9%7.3%24.2%0.21n/a
Kulicke & Soffa Industries Inc. KLIC$3.3 billion29.4912.7%13.2%44.4%0.001.3%
OSI Systems Inc. OSIS$3.1 billion21.0620.3%12.2%2.9%1.28n/a
Ondas Inc. ONDS$2.8 billionn/a10.6%-140.4%979.3%0.00n/a
IPG Photonics Corp. IPGP$2.8 billion69.601.9%1.9%14.8%0.00n/a
Ambarella Inc. AMBA$2.6 billionn/a-9.1%-14.9%20.0%0.00n/a
AXT Inc. AXTI$2.6 billion1,944.500.5%3.1%45.8%0.09n/a
Penguin Solutions, Inc. PENG$2.5 billion16.0734.7%9.6%26.5%1.51n/a
Intuitive Machines, Inc. LUNR$2.4 billionn/an/a-27.5%116.5%n/an/a
Power Integrations Inc. POWI$2.3 billion51.016.4%8.4%2.3%0.002.1%
Nlight, Inc. LASR$2.2 billionn/a-2.9%-6.0%39.6%0.00n/a
Benchmark Electronics Inc. BHE$2.2 billion38.945.0%3.5%12.9%0.141.1%
Ultra Clean Holdings, Inc. UCTT$1.9 billion72.113.7%4.3%15.8%0.87n/a
Vicor Corp. VICR$1.7 billion38.5519.9%24.9%27.0%0.00n/a
Solaredge Technologies, Inc. SEDG$1.7 billionn/a-54.0%-9.2%29.3%0.79n/a
Shoals Technologies Group, Inc. SHLS$1.7 billion43.835.9%11.2%49.2%0.26n/a
CTS Corp. CTS$1.7 billion22.8912.6%17.0%7.4%0.090.3%
Photronics Inc. PLAB$1.6 billion9.6412.9%22.5%1.2%0.00n/a
Navitas Semiconductor Corp. NVTS$1.6 billionn/a-42.9%-323.5%-28.6%0.00n/a
Nextnav Inc. NN$1.4 billionn/a-33.4%-1,900.4%-36.5%0.00n/a
Wolfspeed, Inc. WOLF$1.3 billionn/a-69.6%-80.3%-18.0%2.09n/a
Ichor Holdings, Ltd. ICHR$1.2 billion620.000.4%1.7%15.2%0.13n/a
Napco Security Technologies, Inc. NSSC$1.1 billion24.6022.1%22.7%8.7%0.002.0%
Harmonic Inc. HLIT$1.0 billionn/an/an/an/a0.09n/a
Ambiq Micro, Inc. AMBQ$930 millionn/a-9.1%-43.3%n/a0.00n/a
Array Technologies, Inc. ARRY$901 millionn/an/a-5.1%1.2%n/an/a
Arteris, Inc. AIP$884 millionn/a-63.3%-46.2%41.0%n/an/a
BlackSky Technology Inc. BKSY$876 millionn/a-14.0%-22.8%29.9%0.96n/a
Varex Imaging Corp. VREX$778 million35.484.5%8.3%5.3%0.70n/a
Alpha & Omega Semiconductor Ltd. AOSL$712 millionn/a-5.8%-7.1%-3.2%0.000.0%
T1 Energy Inc. TE$662 millionn/a-190.1%-22.4%427.0%2.730.0%
Unusual Machines, Inc. UMAC$594 millionn/a-9.0%-76.1%425.2%0.00n/a
Kopin Corp. KOPN$547 million75.7511.5%-22.9%-7.1%0.00n/a
Vishay Precision Group, Inc. VPG$541 millionn/a-1.0%1.1%11.6%0.05n/a
Lightpath Technologies Inc. LPTH$494 millionn/a-13.7%-27.4%92.8%0.00n/a
Kimball Electronics, Inc. KE$462 million22.933.5%4.4%-1.5%0.40n/a
indie Semiconductor, Inc. INDI$436 millionn/a-52.5%-59.3%13.9%1.50n/a
Clearfield, Inc. CLFD$389 millionn/a-2.9%-0.2%-1.4%0.00n/a
Methode Electronics Inc. MEI$384 millionn/a-5.5%0.4%1.4%0.471.9%
NVE Corp. NVEC$368 million20.5730.8%61.6%24.1%0.005.3%
Adtran Holdings, Inc. ADTN$329 millionn/a-20.9%0.0%10.1%2.32n/a
Everspin Technologies Inc. MRAM$284 millionn/a-3.6%-15.5%20.9%0.010.0%
Turtle Beach Corp. TBCH$273 millionn/a-0.6%3.2%-13.0%0.93n/a
Nano Dimension Ltd. NNDM$262 millionn/a-34.4%-117.3%n/a0.04n/a
M-tron Industries, Inc. MPTI$261 million22.078.0%18.5%11.8%0.00n/a
BK Technologies Corp. BKTI$251 million19.5726.2%17.9%15.7%0.00n/a
Aviat Networks, Inc. AVNW$226 million93.110.9%4.4%1.2%0.36n/a
Vuzix Corp. VUZI$160 millionn/a-145.3%-521.9%6.8%0.00n/a
Quicklogic Corp. QUIK$147 millionn/an/an/an/a0.24n/a
Espey MFG & Electronics Corp. ESP$141 million12.0218.5%25.1%4.9%0.002.1%
Aeluma, Inc. ALMU$135 millionn/a-16.1%-228.3%-4.4%0.00n/a
Atomera Inc. ATOM$117 millionn/a-69.6%-10,969.4%476.3%0.00n/a
GSI Technology Inc. GSIT$116 millionn/a-22.8%-100.8%2.9%0.00n/a
GCT Semiconductor Holding, Inc. GCTS$106 millionn/an/a-852.0%-32.8%n/an/a
Magnachip Semiconductor Corp. MX$91 millionn/a-12.3%-24.2%-12.8%0.19n/a
R F Industries Ltd. RFIL$72 million30.146.3%4.6%13.0%0.15n/a
Kulr Technology Group, Inc. KULR$68 millionn/a-140.9%-270.6%24.6%0.28n/a
Inseego Corp. INSG$64 millionn/an/a-10.4%-3.6%n/an/a
AmpliTech Group, Inc. AMPG$59 millionn/a-17.1%-34.7%24.2%0.00n/a
Tigo Energy, Inc. TYGO$57 million4.3527.3%-3.7%15.3%0.05n/a
LGL Group Inc. LGL$43 millionn/a-0.5%-21.8%9.3%0.00n/a
9 companies share its SEC industry code (Printed Circuit Boards); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on FLEX

Dividendsno dividend in its filings for fiscal 2008 onward
Filings60 in twelve months: 18 current reports (8-K), about 7 material agreement; 7 other events; 5 new financial obligation; 4 results of operations; 3 regulation FD disclosure
Planned insider sales37 Form 144 notices in twelve months, $117.8 million; latest 18 August 2026
Options tapeput/call 0.38 by open interest at the 6 November 2026 close; the straddle prices a 14.2% move to 20 November 2026
13F holders1,127 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading149 sales and 0 purchases on Form 4 in twelve months
Congress4 House trades disclosed in six months
Short interest7.9 million shares short, 2.23 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q25 September 202630 October 2026EDGAR
10-Q26 June 202631 July 2026EDGAR
10-K31 March 202620 May 2026EDGAR
10-Q31 December 20256 February 2026EDGAR
10-Q26 September 202531 October 2025EDGAR
10-Q27 June 202525 July 2025EDGAR
10-K31 March 202521 May 2025EDGAR
10-Q31 December 202431 January 2025EDGAR
10-Q27 September 202431 October 2024EDGAR
10-Q28 June 202426 July 2024EDGAR

Reading about a stock somewhere else? Our free Chrome extension, GreekSoup Stock Ticker Lookup: Earnings, Insider Trades, 13F Holders, shows the latest quarter against a year ago, insider trades and 13F holders when you hover a $ticker such as $AAPL.