FLEX Flex Ltd. - Ordinary Shares

NASDAQ · Electrical Equipment · View on SEC EDGAR ↗
$111.45
Price · Aug 21, 2026
Fundamentals as of Jul 31, 2026

About Flex Ltd. - Ordinary Shares Company overview from Wikipedia

Flex Ltd. is a Singapore-domiciled multinational manufacturing company. It is the world's third largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron. Flex's U.S. corporate headquarters are located in Austin, Texas. The company has manufacturing operations in over 30 countries, and employs about 172,000 people.

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Flex Ltd. (previously known as Flextronics International Ltd. or Flextronics) is a Singapore-domiciled multinational manufacturing company. It is the world's third largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron. Flex's U.S. corporate headquarters are located in Austin, Texas. The company has manufacturing operations in over 30 countries, and employs about 172,000 people.

History

The company was founded in 1969 by Joe and Barbara-Ann McKenzie as Flextronics, Inc.

In 1990, the company was renamed Flextronics International, Ltd. and moved to Singapore. In 1993, the company received venture capital funding through Sequoia Capital, and became a publicly held company again in 1994. In 2000, the company ranked third on "100 Best-Managed Companies" by IndustryWeek. In 2006 Flextronics took over a part of the production of Lego, but in 2009 Lego decided to end relations with Flextronics and purchase the production facilities in Mexico and Hungary. On 4 June 2007, Flextronics offered to purchase Solectron for US$3.6 billion and thus making Solectron a subsidiary of Flextronics. The acquisition of Solectron was completed by end of October 2007, earlier than anticipated.

On 18 March 2009, Flextronics was invited to ring the NASDAQ stock market opening bell, signifying the day's start of trading and celebrated 15-year NASDAQ-listed anniversary. Mike McNamara (then-CEO) and a group of top executives represented the company at the ringing of the bell. On 25 August 2009, Flextronics announced that it was chosen by LG Electronics (LGE), a global provider of advanced digital products and applied technologies, to manufacture 19, 22, 26, 32, and 37-inch LCD television receivers at its Ciudad Juárez, Mexico facility for distribution to the North and South American markets. On 2 September 2009, Flextronics announced that Multek received Danaher Test and Measurement's 2009 Outstanding Supplier Award. The award was given based on quality, delivery performance, engineering support and cost for work with two of Danaher's business units, Tektronix and Fluke.

On 15 September 2010, Flextronics announced that it had been chosen by Brammo, Inc., former producer of electric traction motors and traction batteries, to be its manufacturing partner for the production and distribution of plug-in electric motorcycles and components. In 2010, the company signed an agreement with Lenovo to provide manufacturing for Europe. That same year, Flextronics also signed an agreement with Brammo to provide acquisition and manufacturing in North America, Asia and Europe.

In 2012, Flextronics incubated Elementum, a start-up supply chain management (SCM) company based in Mountain View, California. In 2014, Elementum was spun off from Flextronics as its own separate entity.

In 2013, Flextronics began making the Mac Pro for Apple in Texas.

In 2014, Flextronics was named as the manufacturer of the Fitbit Force by the US Consumer Product Safety Commission in the context of a complete recall of the product due to rashes developing on the wrists of its users.

In July 2015 the company announced it changed the company name from Flextronics to Flex.

In September 2015, Flex acquired Nextpower (then known as Nextracker), one of the leading solar tracker companies, for $330 million.

In November 2015, Flex, acquired Wink smart home platform to bring the Intelligence of Things "Home". Flex has been a strategic partner to Wink, serving as their primary supplier of hardware and firmware, including the Wink Hub and Wink Relay, which include core intellectual property developed within Flex. In July 2017, Flex sold Wink to i.am+ for $38.7 million.

On 31 December 2018, Michael M. McNamara resigned as the company's Chief Executive Officer. On 11 February 2019, Flex announced Revathi Advaithi as CEO. Prior to Flex, Advaithi was president and chief operating officer for the Electrical Sector business for Eaton Corporation.

On August 21, 2025 a Flex manufacturing site operating in Mukachevo, Ukraine, since 2012 was hit and extensively damaged by a Russian airstrike.

Controversies

Breach of contracts

Flextronics was sued for breach of contract with Beckman Coulter Inc., a maker of medical devices. The case dates from 1997, when Beckman Coulter entered into an agreement with Dovatron, a unit of the Dii Group, to provide circuit boards for a Beckman blood analyser. Flextronics acquired the Dii Group in 1999 and, according to Beckman, shortly thereafter Flextronics refused to provide the circuit boards unless it bought other electronic components from the company.

Beckman filed suit in early 2001, seeking $2.2 million in damages, which were cited as the costs incurred in having to retool one of its plants to manufacture the circuit boards in-house. At the end of the trial, Flextronics paid $23 million for the damages.

Leak of USB charger confidential shipment data

A former Flextronics executive pleaded guilty to committing wire fraud and security fraud by providing confidential information related to USB charger shipment data used for U.S. based iPhones and iPods in 2009.

Seizure of Huawei goods over tariff war

According to a 2019 report, Flex produced smartphone and 5G base stations for Huawei, and when the US added Huawei to its Entity List on May 16, Flex kept Huawei's assets at its factory in Zhuhai.

This included production equipment, raw materials, and half-made products worth approximately 700 million yuan ($101.85 million). These goods were held up for over a month, however Huawei was able to retrieve some of the goods worth 400 million yuan through third-party channels in June 2019.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

FLEX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$111.45
Market Cap
$40.76B
P/E (TTM)
47.8
EPS (TTM)
$2.33
Revenue (TTM)
$27.91B
Div Yield
ROE
17.3%
Debt/Equity
0.7
52W Range
$49 – $167

FLEX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $27.91B
10-point trend, +17.0%
2017-03-31 2026-03-31
EPS $2.33
10-point trend, +294.9%
2017-03-31 2026-03-31
Free Cash Flow $1.05B
9-point trend, +68.4%
2017-03-31 2026-03-31
Margins 3.1%
9-point trend, +44.4%
2017-03-31 2026-03-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
FLEX
Peer Median
P/E (TTM)
5-point trend, +289.9%
47.8
25.5
P/S (TTM)
5-point trend, +228.1%
1.5
1.7
P/B
5-point trend, +198.5%
7.9
1.9
EV / EBITDA
5-point trend, +134.3%
30.8
Price / FCF
5-point trend, +105.3%
38.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
FLEX
Peer Median
Gross Margin
5-point trend, +24.0%
9.2%
27.2%
Operating Margin
5-point trend, +31.4%
4.9%
Net Profit Margin
5-point trend, -12.3%
3.1%
-3.3%
ROA
5-point trend, -18.2%
4.3%
-4.5%
ROE
5-point trend, -28.1%
17.3%
-11.8%
ROIC
5-point trend, +12.8%
11.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
FLEX
Peer Median
Debt / Equity
5-point trend, -28.3%
0.7
56.4
Current Ratio
5-point trend, +1.5%
1.4
1.6
Quick Ratio
5-point trend, -0.5%
0.6

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
FLEX
Peer Median
Revenue YoY
5-point trend, +13.3%
8.1%
Revenue CAGR 3Y
5-point trend, +13.3%
-0.69%
Revenue CAGR 5Y
5-point trend, +13.3%
3.0%
EPS YoY
5-point trend, +20.1%
10.4%
Net Income YoY
5-point trend, -6.0%
5.0%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
FLEX
Peer Median
EPS (Diluted)
5-point trend, +20.1%
$2.33

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
FLEX
Peer Median

FLEX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 20 analysts
  • Strong Buy 7 35.0%
  • Buy 12 60.0%
  • Hold 1 5.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

10 analysts · 2026-08-17
Median target $160.00 +43.6%
Mean target $160.50 +44.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.05%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.00 $0.93 0.07%
March 31, 2026 $0.93 $0.89 0.04%
Dec. 31, 2025 $0.87 $0.80 0.07%
Sept. 30, 2025 $0.79 $0.77 0.02%
June 30, 2025 $0.72 $0.64 0.08%
March 31, 2025 $0.73 $0.71 0.02%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
FLEX $23.94B 28.1 8.1% 3.1% 17.3% 9.2%
JBL $22.02B 34.6 3.2% 2.2% 40.4% 8.9%
TTMI $7.36B 42.4 19.0% 6.1% 10.4% 20.7%
SANM $6.09B 25.6 7.4% 3.0% 9.9% 8.8%
PLXS $3.84B 22.9 1.8% 4.3% 12.3% 10.1%
IPGP 98.1 2.7%
BHE $1.53B 62.9 0.11% 0.93% 2.2% 10.2%
CTS $1.23B 19.6 5.2% 12.1% 11.8% 38.4%
KE $614M 22.7 -3.7% 1.9% 4.8% 8.2%
MEI -8.5 -2.8% -3.5% -5.3% 19.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
Revenue 12-point trend, +6.8% $27.91B $25.81B $26.41B $28.50B $24.63B $24.12B $24.21B $26.21B $25.44B $23.86B $24.42B $26.15B
Cost of Revenue 12-point trend, +2.8% $25.29B $23.58B $24.39B $26.50B $22.84B $22.35B $22.68B $24.59B $23.78B $22.30B $22.81B $24.60B
Gross Profit 12-point trend, +66.1% $2.57B $2.16B $1.86B $1.98B $1.78B $1.69B $1.34B $1.52B $1.60B $1.52B $1.61B $1.55B
R&D Expense 4-point trend, +197.3% · · · · · · · · $78M $66M $61M $26M
SG&A Expense 12-point trend, +24.6% $1.05B $904M $922M $874M $830M $817M $834M $953M $1.02B $937M $955M $844M
Operating Income 7-point trend, +229.6% $1.37B $1.17B $853M $1.02B $890M $795M $415M · · · · ·
Interest Expense 8-point trend, +170.9% · · $207M $230M $166M · $7M · $123M $108M $98M $76M
Interest Income 12-point trend, +172.7% $51M $61M $56M $30M $14M $14M $19M $19M $19M $12M $12M $19M
Other Non-op 12-point trend, +41.6% $-30M $14M $-44M $-6M $165M $-16M $-82M $-120M $170M $-21M $-85M $-51M
Pretax Income 12-point trend, +70.4% $1.14B $1.02B $666M $807M $964M $714M $159M $182M $521M $371M $455M $671M
Income Tax 12-point trend, +276.5% $263M $185M $-206M $124M $92M $101M $71M $89M $92M $51M $11M $70M
Net Income 12-point trend, +46.5% $880M $838M $1.01B $793M $936M $613M $88M $93M $429M $320M $444M $601M
EPS (Basic) 12-point trend, +127.9% $2.37 $2.14 $2.31 $1.75 $1.97 $1.23 $0.17 $0.18 $0.81 $0.59 $0.80 $1.04
EPS (Diluted) 12-point trend, +128.4% $2.33 $2.11 $2.28 $1.72 $1.94 $1.21 $0.17 $0.18 $0.80 $0.59 $0.79 $1.02
Shares (Basic) 12-point trend, -36.0% 371,000,000 391,000,000 435,000,000 454,000,000 476,000,000 499,000,000 509,000,000 527,000,000 529,782,000 540,503,000 557,667,000 579,981,000
Shares (Diluted) 12-point trend, -36.1% 378,000,000 398,000,000 441,000,000 462,000,000 483,000,000 506,000,000 512,000,000 530,000,000 536,598,000 546,220,000 564,869,000 591,556,000
EBITDA 9-point trend, +153.1% $1.37B $1.17B $853M $1.18B $972M · · $433M · $610M $515M $540M
Balance Sheet 27
Annual Balance Sheet data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
Cash & Equivalents 12-point trend, +46.7% $2.39B $2.29B $2.47B $3.16B $2.96B $2.64B $1.92B $1.70B $1.47B $1.83B $1.83B $1.63B
Receivables 12-point trend, +100.2% $4.68B $3.67B $3.03B $3.48B $3.37B $3.96B $2.44B $2.61B $2.52B $2.19B $2.04B $2.34B
Inventory 12-point trend, +67.5% $5.84B $5.07B $6.21B $7.39B $6.58B $3.90B $3.79B $3.72B $3.80B $3.40B $3.49B $3.49B
Other Current Assets 12-point trend, +83.2% $2.36B $1.19B $1.03B $875M $903M $590M $660M $855M $1.38B $968M $1.17B $1.29B
Current Assets 12-point trend, +86.8% $16.33B $12.84B $12.99B $16.03B $14.34B $11.36B $9.09B $9.10B $9.17B $8.39B $8.32B $8.74B
PP&E (Net) 12-point trend, +19.7% $2.50B $2.33B $2.27B $2.34B $2.12B $2.10B $2.22B $2.34B $2.24B $2.32B $2.26B $2.09B
PP&E (Gross) 12-point trend, +41.5% $7.30B $6.95B $6.71B $6.54B $6.10B $5.84B $5.74B $5.79B $5.50B $5.73B $5.51B $5.16B
Accum. Depreciation 12-point trend, +56.3% $4.80B $4.62B $4.44B $4.20B $3.98B $3.75B $3.52B $3.45B $3.26B $3.41B $3.26B $3.07B
Goodwill 12-point trend, +310.3% $1.37B $1.34B $1.14B $1.14B $1.14B $1.09B $1.06B $1.07B $1.12B $985M $942M $334M
Intangibles 12-point trend, +247.1% $283M $343M $245M $315M $411M $213M $262M $331M $424M $362M $404M $82M
Other Non-current Assets 12-point trend, +125.4% $912M $964M $1.01B $490M $473M $431M $456M $656M $760M $542M $466M $405M
Total Assets 12-point trend, +89.3% $22.06B $18.38B $18.26B $21.41B $19.32B $15.84B $13.69B $13.50B $13.72B $12.59B $12.38B $11.65B
Accounts Payable 12-point trend, +76.6% $8.05B $5.15B $4.47B $5.72B $6.25B $5.25B $5.11B $5.15B $5.12B $4.48B $4.25B $4.56B
Current Liabilities 12-point trend, +77.9% $12.02B $9.85B $8.54B $10.87B $10.71B $7.83B $7.21B $7.60B $7.27B $6.50B $6.57B $6.76B
Capital Leases 11-point trend, +22500.0% $565M $456M $490M $504M $551M $562M $529M $0 · $14M $18M $2M
Deferred Tax 8-point trend, +65.9% $111M $149M $178M $71M $86M $60M $71M $67M · · · ·
Other Non-current Liabilities 12-point trend, +22.8% $584M $590M $642M $554M $608M $489M $430M $508M $532M $520M $498M $476M
Total Liabilities 6-point trend, +36.4% $16.92B $13.38B $12.93B $15.70B $15.12B $12.40B · · · · · ·
Long-term Debt 12-point trend, +80.0% $3.75B $3.69B $3.26B $3.69B $4.20B $3.80B $2.85B $3.07B $2.95B $2.97B $2.79B $2.08B
Total Debt 11-point trend, +80.0% $3.75B $3.69B $3.26B $3.84B $4.20B $3.78B $2.84B $3.05B · $2.95B $2.77B $2.08B
Common Stock 4-point trend, -8.7% · · · · · · · · $6.64B $6.73B $6.99B $7.27B
Retained Earnings 12-point trend, +149.9% $2.16B $1.28B $446M $-560M $-1.35B $-2.29B $-2.90B $-3.01B $-3.14B $-3.57B $-3.89B $-4.34B
Treasury Stock 12-point trend, -48.5% $200M $200M $0 $388M $388M $388M $388M $388M $388M $388M $388M $388M
AOCI 12-point trend, +7.5% $-167M $-224M $-195M $-194M $-182M $-119M $-215M $-151M $-86M $-128M $-136M $-181M
Stockholders' Equity 12-point trend, +117.9% $5.14B $5.00B $5.33B $5.35B $4.13B $3.44B $2.83B $2.97B $3.02B $2.68B $2.61B $2.36B
Liabilities + Equity 12-point trend, +89.3% $22.06B $18.38B $18.26B $21.41B $19.32B $15.84B $13.69B $13.50B $13.72B $12.59B $12.38B $11.65B
Shares Outstanding 12-point trend, -35.1% 365,690,291 378,000,000 408,000,000 450,000,000 461,000,000 492,000,000 497,000,000 517,000,000 528,000,000 531,294,000 544,823,000 563,323,000
Cash Flow 17
Annual Cash Flow data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
D&A 5-point trend, -19.8% · · · · · · · $433M $434M $432M $515M $540M
Stock-based Comp 12-point trend, +182.5% $142M $125M $152M $133M $91M $79M $71M $76M $81M $77M $78M $50M
Deferred Tax 12-point trend, +163.2% $38M $55M $-370M $1M $-44M $-5M $7M $-12M $39M $-22M $-64M $-60M
Amort. of Intangibles 12-point trend, +112.3% $68M $70M $70M $81M $60M $62M $64M $74M $79M $81M $66M $32M
Restructuring 12-point trend, +87000000.00 $87M $86M $175M $27M $15M $101M $216M $113M $91M $39M $0 $0
Other Non-cash 4-point trend, -968.9% · · · · · · · $-3.56B · $165M $164M $-333M
Operating Cash Flow 12-point trend, +112.2% $1.69B $1.50B $1.33B $950M $1.02B $144M $-1.53B $-2.97B $-3.87B $-3.82B $1.14B $794M
CapEx 12-point trend, +82.2% $633M $438M $530M $635M $443M $351M $462M $726M $562M $525M $511M $347M
Investing Cash Flow 12-point trend, -177.4% $-672M $-838M $-492M $-604M $-951M $-202M $2.28B $3.25B $3.71B $4.27B $-1.40B $-242M
Stock Issued 6-point trend, +0.00 $0 $0 $552M $694M $0 $0 · · · · · ·
Stock Repurchased 12-point trend, +127.0% $944M $1.26B $1.30B $337M $686M $183M $260M $189M $180M $350M $420M $416M
Net Stock Activity 11-point trend, -127.0% $-944M $-1.26B $-746M $357M $-686M $-183M $-260M $-189M · $-350M $-420M $-416M
Financing Cash Flow 12-point trend, -79.1% $-924M $-821M $-1.66B $2M $280M $743M $-508M $-30M $-188M $-242M $250M $-516M
Net Change in Cash 12-point trend, +188.4% $100M $-185M $-820M $330M $327M $714M $226M $225M $-358M $223M $-21M $35M
Taxes Paid 12-point trend, +357.4% $323M $184M $243M $124M $122M $105M $99M $134M $92M $87M $105M $71M
Free Cash Flow 11-point trend, +135.5% $1.05B $1.07B $796M $315M $581M $-207M $-2.00B $-3.70B · $625M $626M $447M
Levered FCF 5-point trend, +38.8% · · $525M · · · $-2.00B · · $532M $530M $378M
Profitability 8
Annual Profitability data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
Gross Margin 11-point trend, +55.7% 9.2% 8.4% 7.1% 7.5% 7.4% 7.0% 5.5% 5.8% · 6.4% 6.6% 5.9%
Operating Margin 5-point trend, +31.4% 4.9% 4.5% 3.2% 3.9% 3.7% · · · · · · ·
Net Margin 11-point trend, +38.2% 3.1% 3.2% 3.8% 2.6% 3.6% 2.5% 0.36% 0.36% · 1.3% 1.8% 2.3%
Pretax Margin 11-point trend, +59.8% 4.1% 4.0% 2.5% 3.2% 4.0% 3.0% 0.65% 0.69% · 1.6% 1.9% 2.6%
EBITDA Margin 9-point trend, +136.7% 4.9% 4.5% 3.2% 3.9% 3.7% · · 1.7% · 2.5% 2.1% 2.1%
ROA 11-point trend, -11.9% 4.3% 4.6% 5.1% 3.9% 5.3% 4.2% 0.64% 0.69% · 2.6% 3.7% 4.9%
ROE 11-point trend, -34.4% 17.3% 16.8% 18.9% 16.6% 24.1% 18.0% 3.1% 3.1% · 12.2% 18.0% 26.4%
ROIC 5-point trend, +12.8% 11.8% 11.0% 13.0% 13.7% 10.5% · · · · · · ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
Current Ratio 11-point trend, +5.1% 1.4 1.3 1.5 1.5 1.3 1.5 1.3 1.2 · 1.3 1.3 1.3
Quick Ratio 11-point trend, +0.2% 0.6 0.6 0.6 0.6 0.6 0.9 0.6 0.6 · 0.6 0.6 0.6
Debt / Equity 11-point trend, -17.4% 0.7 0.7 0.6 0.7 1.0 1.1 1.0 1.0 · 1.1 1.1 0.9
LT Debt / Equity 11-point trend, -15.5% 0.7 0.5 0.6 0.7 0.8 1.0 0.9 0.8 · 1.1 1.1 0.9
Interest Coverage · · 4.1 · · · · · · · · ·
Efficiency 3
Annual Efficiency data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
Asset Turnover 11-point trend, -36.2% 1.4 1.4 1.3 1.5 1.5 1.6 1.8 1.9 · 1.9 2.0 2.2
Inventory Turnover 11-point trend, -33.3% 4.6 4.2 3.6 4.0 4.6 5.8 6.0 6.5 · 6.5 6.5 6.9
Receivables Turnover 11-point trend, -35.6% 6.7 7.7 8.1 8.5 7.1 7.4 9.6 10.2 · 11.3 11.1 10.4
Per Share 5
Annual Per Share data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
Book Value / Share 11-point trend, +235.6% $14.07 $13.24 $13.05 $11.89 $8.97 $6.98 $5.69 $5.75 · $4.98 $4.72 $4.19
Revenue / Share 11-point trend, +67.1% $73.85 $64.86 $59.90 $65.68 $53.92 $47.68 $47.24 $49.45 · $43.69 $43.23 $44.20
Cash Flow / Share 11-point trend, +232.1% $4.46 $3.78 $3.01 $2.06 $2.12 $0.28 $-2.99 $-5.61 · $2.11 $2.01 $1.34
Cash / Share 11-point trend, +126.0% $6.53 $6.06 $6.06 $7.32 $6.44 $5.35 $3.87 $3.28 · $3.45 $2.95 $2.89
EPS (TTM) 12-point trend, +128.4% $2.33 $2.11 $2.28 $1.72 $1.94 $1.21 $0.17 $0.18 $0.80 $0.59 $0.79 $1.02
Growth Rates 9
Annual Growth Rates data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
Revenue YoY 5-point trend, +285.8% 8.1% -2.3% -7.3% 15.7% 2.1% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -122.5% -0.69% 1.6% 3.1% · · · · · · · · ·
Revenue CAGR 5Y 3.0% · · · · · · · · · · ·
EPS YoY 5-point trend, -82.7% 10.4% -7.5% 32.6% -11.3% 60.3% · · · · · · ·
EPS CAGR 3Y 3-point trend, -54.7% 10.7% 2.8% 23.5% · · · · · · · · ·
EPS CAGR 5Y 14.0% · · · · · · · · · · ·
Net Income YoY 5-point trend, -90.5% 5.0% -16.7% 26.9% -15.3% 52.7% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -80.3% 3.5% -3.6% 17.9% · · · · · · · · ·
Net Income CAGR 5Y 7.5% · · · · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for FLEX
Metric Trend 202620252024202320222021202020192018201720162015
Revenue TTM 12-point trend, +6.8% $27.91B $25.81B $26.41B $28.50B $24.63B $24.12B $24.21B $26.21B $25.44B $23.86B $24.42B $26.15B
Net Income TTM 12-point trend, +46.5% $880M $838M $1.01B $793M $936M $613M $88M $93M $429M $320M $444M $601M
Market Cap 11-point trend, +344.7% $23.94B $12.50B $11.68B $7.81B $6.44B $6.80B $3.14B $3.89B · $6.73B $4.95B $5.38B
Enterprise Value 11-point trend, +333.4% $25.30B $13.90B $12.46B $8.35B $7.67B $7.94B $4.06B $5.25B · $7.85B $6.12B $5.84B
P/E 12-point trend, +199.9% 28.1 15.7 12.5 10.1 7.2 11.4 37.1 41.9 15.4 21.5 11.5 9.4
P/S 11-point trend, +316.5% 0.9 0.5 0.4 0.3 0.3 0.3 0.1 0.1 · 0.3 0.2 0.2
P/B 11-point trend, +104.1% 4.7 2.5 2.2 1.5 1.6 2.0 1.1 1.3 · 2.5 1.9 2.3
P / Tangible Book 6-point trend, +115.1% 6.9 3.8 3.0 2.0 2.5 3.2 · · · · · ·
P / Cash Flow 11-point trend, +109.6% 14.2 8.3 8.8 8.2 6.3 47.2 -2.0 -1.3 · 5.8 4.4 6.8
P / FCF 11-point trend, +88.8% 22.8 11.7 14.7 24.8 11.1 -32.8 -1.6 -1.1 · 10.8 7.9 12.1
EV / EBITDA 9-point trend, +71.2% 18.5 11.9 14.6 7.1 7.9 · · 12.1 · 12.9 11.9 10.8
EV / FCF 11-point trend, +84.0% 24.0 13.0 15.7 26.5 13.2 -38.4 -2.0 -1.4 · 12.6 9.8 13.1
EV / Revenue 11-point trend, +305.9% 0.9 0.5 0.5 0.3 0.3 0.3 0.2 0.2 · 0.3 0.3 0.2
Earnings Yield 12-point trend, -66.6% 3.6% 6.4% 8.0% 9.9% 13.9% 8.8% 2.7% 2.4% 6.5% 4.7% 8.7% 10.7%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2026-03-312025-03-312024-03-312023-03-312022-03-31
Revenue $27.91B$25.81B$26.41B$28.50B$24.63B
Gross Margin % 9.2%8.4%7.1%7.5%7.4%
Operating Margin % 4.9%4.5%3.2%3.9%3.7%
Net Income $880M$838M$1.01B$793M$936M
Diluted EPS $2.33$2.11$2.28$1.72$1.94
Balance Sheet
2026-03-312025-03-312024-03-312023-03-312022-03-31
Debt / Equity 0.70.70.60.71.0
Current Ratio 1.41.31.51.51.3
Quick Ratio 0.60.60.60.60.6
Cash Flow
2026-03-312025-03-312024-03-312023-03-312022-03-31
Free Cash Flow $1.05B$1.07B$796M$315M$581M

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Institutional owners (13F) 1,193 filers · $37.7B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
394 (+260 vs prior Q) 53 (-28 vs prior Q) 273 (+1 vs prior Q) 360 (+80 vs prior Q) +3.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $3,891,296,486 24,009,974 10.33% Shares
PRIMECAP MANAGEMENT CO/CA/ $3,785,772,872 23,358,875 10.05% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $3,078,743,307 18,996,380 8.17% Shares
STATE STREET CORP $2,752,659,115 16,984,384 7.31% Shares
FMR LLC $2,718,302,353 16,772,397 7.22% Shares
WELLINGTON MANAGEMENT GROUP LLP $2,396,761,012 14,788,431 6.36% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,464,990,392 9,078,305 3.89% Shares
JANUS HENDERSON GROUP PLC $1,161,822,963 17,748,594 3.08% Shares
NORGES BANK $811,190,009 5,005,183 2.15% Shares
LYRICAL ASSET MANAGEMENT LP $751,196,071 4,635,010 1.99% Shares
DIMENSIONAL FUND ADVISORS LP $562,727,537 3,472,127 1.49% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $559,488,330 3,452,140 1.49% Shares
Polar Capital Holdings Plc $404,213,277 2,494,066 1.07% Shares
VANGUARD FIDUCIARY TRUST CO $334,418,479 2,063,420 0.89% Shares
Electron Capital Partners, LLC $280,010,770 1,727,715 0.74% Shares
BNP PARIBAS FINANCIAL MARKETS $272,908,863 1,683,895 0.72% Shares
AMERICAN CENTURY COMPANIES INC $269,911,316 1,665,399 0.72% Shares
EARNEST PARTNERS LLC $264,383,819 1,631,294 0.70% Shares
Qube Research & Technologies Ltd $255,478,882 1,576,349 0.68% Shares
Boston Partners $250,045,970 1,542,827 0.66% Shares
Holocene Advisors, LP $233,901,369 1,443,212 0.62% Shares
CITADEL ADVISORS LLC $221,914,348 1,369,250 0.59% Shares
Point72 Asset Management, L.P. $207,282,668 1,278,970 0.55% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $203,793,139 1,257,439 0.54% Shares
ENVESTNET ASSET MANAGEMENT INC $198,168,217 1,222,732 0.53% Shares
MILLENNIUM MANAGEMENT LLC $190,616,362 1,176,136 0.51% Shares
BlackRock, Inc. $185,289,607 1,143,269 0.49% Shares
GOLDMAN SACHS GROUP INC $182,741,800 1,127,549 0.49% Shares
Swiss National Bank $168,058,487 1,036,950 0.45% Shares
Third Point LLC $166,932,100 1,030,000 0.44% Shares
Nuveen Asset Management, LLC $164,782,856 4,292,338 0.44% Shares
AQR CAPITAL MANAGEMENT LLC $153,913,106 949,671 0.41% Shares
1832 Asset Management L.P. $146,780,316 905,660 0.39% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $144,622,840 892,348 0.38% Shares
COOKSON PEIRCE & CO INC $141,746,585 874,601 0.38% Shares
VANGUARD GROUP INC $135,853,101 2,248,479 0.36% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $134,223,457 828,182 0.36% Shares
JANE STREET GROUP, LLC $133,302,575 822,500 0.35% Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $133,091,884 821,200 0.35% Call option
Munro Partners $130,359,708 804,342 0.35% Shares
Vanguard Global Advisers, LLC $129,263,304 797,577 0.34% Shares
LPL Financial LLC $126,691,037 781,705 0.34% Shares
National Pension Service $126,033,411 777,648 0.33% Shares
Sumitomo Mitsui Trust Group, Inc. $125,843,303 776,475 0.33% Shares
BARCLAYS PLC $124,321,463 767,085 0.33% Shares
Clear Harbor Asset Management, LLC $122,269,174 754,422 0.32% Shares
California Public Employees Retirement System $117,597,020 725,594 0.31% Shares
NEW YORK STATE COMMON RETIREMENT FUND $116,344,867 717,868 0.31% Shares
VANGUARD ASSET MANAGEMENT, Ltd $115,009,410 709,628 0.31% Shares
PFA Pension, Forsikringsaktieselskab $105,036,856 648,096 0.28% Shares
STOREBRAND ASSET MANAGEMENT AS $101,408,496 625,708 0.27% Shares
JANE STREET GROUP, LLC $99,892,655 616,355 0.27% Shares
RHUMBLINE ADVISERS $99,475,055 613,779 0.26% Shares
NEUBERGER BERMAN GROUP LLC $96,004,069 592,362 0.25% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $94,949,196 585,853 0.25% Shares
BANK OF AMERICA CORP /DE/ $94,265,585 581,635 0.25% Shares
PANAGORA ASSET MANAGEMENT INC $93,897,037 579,361 0.25% Shares
Park West Asset Management LLC $92,136,309 568,497 0.24% Shares
UBS Group AG $89,892,774 554,654 0.24% Shares
JANE STREET GROUP, LLC $89,835,401 554,300 0.24% Call option
Balyasny Asset Management L.P. $87,083,290 537,319 0.23% Shares
BECKER CAPITAL MANAGEMENT INC $86,047,501 530,928 0.23% Shares
VICTORY CAPITAL MANAGEMENT INC $85,803,424 529,422 0.23% Shares
CITADEL ADVISORS LLC $85,102,957 525,100 0.23% Put option
WORLDQUANT MILLENNIUM ADVISORS LLC $84,455,487 521,105 0.22% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $77,747,572 479,716 0.21% Shares
Jefferies Financial Group Inc. $75,828,015 467,872 0.20% Shares
CI INVESTMENTS INC. $75,230,139 464,183 0.20% Shares
ALLIANCEBERNSTEIN L.P. $73,510,664 1,122,986 0.20% Shares
Vinva Investment Management Ltd $62,186,914 389,740 0.17% Shares
FRONTIER CAPITAL MANAGEMENT CO LLC $61,932,675 382,135 0.16% Shares
Shannon River Fund Management LLC $61,559,696 379,834 0.16% Shares
Legal & General Group Plc $61,343,819 378,502 0.16% Shares
Capital World Investors $60,254,385 371,780 0.16% Shares
Oribel Capital Management, LP $58,750,375 362,500 0.16% Shares
Oribel Capital Management, LP $58,750,375 362,500 0.16% Put option
RAYMOND JAMES FINANCIAL INC $58,631,254 361,765 0.16% Shares
Blue Door Asset Management, LLC $57,761,586 356,399 0.15% Shares
Kinetic Partners Management, LP $57,372,780 354,000 0.15% Shares
LAZARD ASSET MANAGEMENT LLC $54,191,832 334,373 0.14% Shares
SEI INVESTMENTS CO $51,477,320 317,624 0.14% Shares
WESTFIELD CAPITAL MANAGEMENT CO LP $50,891,259 314,008 0.14% Shares
AVIVA PLC $50,197,779 309,729 0.13% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $49,584,830 305,947 0.13% Shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC $49,369,439 304,618 0.13% Shares
CITADEL ADVISORS LLC $48,702,035 300,500 0.13% Call option
FIRST TRUST ADVISORS LP $47,446,682 292,756 0.13% Shares
GENDELL JEFFREY L $44,974,425 277,500 0.12% Shares
Merewether Investment Management, LP $44,666,492 275,600 0.12% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $44,243,003 272,987 0.12% Shares
Korea Investment CORP $43,821,621 270,387 0.12% Shares
CORSAIR CAPITAL MANAGEMENT, L.P. $43,183,389 266,449 0.11% Shares
COZAD ASSET MANAGEMENT INC $42,887,450 264,623 0.11% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $40,580,735 254,329 0.11% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $40,566,121 250,300 0.11% Put option
BANK OF NOVA SCOTIA $39,384,468 243,009 0.10% Shares
Caption Management, LLC $38,913,007 240,100 0.10% Call option
AMERIPRISE FINANCIAL INC $38,586,761 238,087 0.10% Shares
Portolan Capital Management, LLC $37,118,406 229,027 0.10% Shares
TOCQUEVILLE ASSET MANAGEMENT L.P. $36,582,116 225,718 0.10% Shares

Company insiders 56 insiders · 28 officers · 20 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Revathi Advaithi Chief Executive Officer Aug. 18, 2026 J 117,857 0 24 $-40,052,488
Michael M Mcnamara Chief Executive Officer July 2, 2018 S 3,423,877 0 0 $0
Kevin Krumm Chief Financial Officer June 15, 2026 S 151,280 0 6 $-499,987
Paul Lundstrom Chief Financial Officer Sept. 18, 2023 S 431,350 0 0 $0
Christopher Collier Chief Financial Officer June 30, 2020 S 636,907 0 0 $0
Paul Read Chief Financial Officer Feb. 13, 2013 M 445,750 0 0 $0
Thomas J Smach Chief Financial Officer June 23, 2008 A 319,706 0 0 $0
Rebecca Sidelinger Group President June 14, 2023 A 141,050 0 0 $0
Francois Barbier Group President Oct. 18, 2021 S 385,342 0 0 $0
Paul Humphries Group President June 30, 2020 S 563,257 0 0 $0
Douglas Britt President Jan. 16, 2020 S 752,467 0 0 $0
Eslie C Sykes President, I & EI June 5, 2012 S 404,471 0 0 $0
Michael Joseph Clarke President, Infrastructure June 3, 2011 A 215,000 0 0 $0
Sean P Burke President, Computing May 3, 2011 S 165,000 0 0 $0
Werner F Widmann President, Multek Dec. 1, 2010 M 60,000 0 0 $0
Gernot Weiss President, Mobile Market Sept. 21, 2009 M 69,500 0 0 $0
Greg Westbrook President, Consumer Digital Dec. 5, 2008 A 130,000 0 0 $0
Kwang Hooi Tan Chief Operating Officer June 18, 2026 S 248,546 0 12 $-6,715,454
Hartung Michael P Chief Commercial Officer Aug. 18, 2026 S 243,175 0 18 $-5,871,034
Daniel Wendler Chief Accounting Officer June 18, 2026 S 37,932 0 12 $-985,488
David Scott Offer EVP, General Counsel June 18, 2026 S 91,122 0 18 $-9,689,778
David P Bennett Chief Accounting Officer Sept. 22, 2021 S 76,175 0 0 $0
Jonathan S Hoak EVP and General Counsel June 13, 2016 S 280,325 0 0 $0
Carrie Schiff Senior VP and General Counsel May 4, 2010 S 40,000 0 0 $0
BRATHWAITE NICHOLAS Chief Technology Officer May 2, 2007 S 160,085 0 0 $0
Peter Tan Exec. Vice President, Asia Aug. 16, 2006 M 72,000 0 0 $0
Ronny Nilsson Pres., Flex. Network Services Aug. 23, 2004 A 135,000 0 0 $0
Ronald Snyder Pres. Flex Semiconductor Sept. 23, 2003 M 353,591 0 0 $0
Pat Ward Director Aug. 5, 2026 A 7,051 0 0 $0
Michael D Capellas Director Aug. 2, 2023 A 294,634 0 0 $0
Marc A Onetto Director Aug. 25, 2022 A 9,871 0 0 $0
Jennifer Li Director Oct. 15, 2021 A 78,999 0 0 $0
Willy C Shih Director Aug. 4, 2021 A 10,475 0 0 $0
Lawrence A Zimmerman Director Aug. 7, 2020 A 139,821 0 0 $0
Jill A Greenthal Director Aug. 20, 2019 A 36,168 0 0 $0
Daniel H Schulman Director Aug. 16, 2017 A 166,775 0 0 $0
Raymond H Bingham Director Nov. 25, 2016 S 43,262 0 0 $0
James Davidson Director Oct. 15, 2013 A 105,217 0 0 $0
Robert L Edwards Director Aug. 30, 2012 A 48,591 0 0 $0
Lip Bu Tan Director Aug. 9, 2011 P 31,398 0 0 $0
Ajay B Shah Director Sept. 22, 2009 A 89,792 0 0 $0
Rockwell A Schnabel Director Sept. 22, 2009 A 63,298 0 0 $0
Richard L Sharp Director Sept. 30, 2008 A 14,124 0 0 $0
Michael E Marks Director Sept. 27, 2007 A 249,820 0 0 $0
Machael Moritz Director Sept. 20, 2005 A 7,898 0 0 $0
Patrick Foley Director Sept. 20, 2005 A 7,898 0 0 $0
FLEX LTD. 10% owner Jan. 2, 2024 J 0 0 $0
Maryrose Sylvester Aug. 5, 2026 A 28,552 0 0 $0
Erin Mcsweeney Aug. 5, 2026 A 11,440 0 0 $0
Charles K. Stevens III Aug. 5, 2026 A 48,584 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 98 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
BCUS · Exchange Listed Funds Trust 4.78% 34,260 NS May 31, 2026 N-PORT
QQQJ · Invesco Exchange-Traded Fund Trust … 2.00% 212,002 SH Aug. 20, 2026 Daily
OASC · Unified Series Trust 1.71% 9,543 NS May 31, 2026 N-PORT
AVMV · AMERICAN CENTURY ETF TRUST 1.67% 69,048 NS May 31, 2026 N-PORT
AVLV · AMERICAN CENTURY ETF TRUST 1.06% 906,250 NS May 31, 2026 N-PORT
RSPT · Invesco Exchange-Traded Fund Trust 1.06% 544,487 SH Aug. 20, 2026 Daily
ESLV · Strategy Shares 1.04% 1,333 NS April 30, 2026 N-PORT
ESSC · Strategy Shares 0.88% 2,468 NS April 30, 2026 N-PORT
RPG · Invesco Exchange-Traded Fund Trust 0.79% 137,910 SH Aug. 20, 2026 Daily
AVMC · AMERICAN CENTURY ETF TRUST 0.72% 19,432 NS May 31, 2026 N-PORT
TEXN · iShares Trust 0.69% 1,062 SH Aug. 20, 2026 Daily
MIDU · Direxion Shares ETF Trust 0.67% 6,089 NS April 30, 2026 N-PORT
VOT · VANGUARD INDEX FUNDS 0.65% 1,402,344 SH Aug. 19, 2026 Daily
QINT · AMERICAN CENTURY ETF TRUST 0.60% 24,887 NS May 31, 2026 N-PORT
ESUM · Strategy Shares 0.58% 9,729 NS April 30, 2026 N-PORT
IMCG · iShares Trust 0.53% 191,971 SH Aug. 20, 2026 Daily
AVSU · AMERICAN CENTURY ETF TRUST 0.47% 14,555 NS May 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.41% 1,213,181 SH Aug. 19, 2026 Daily
ESLG · Strategy Shares 0.40% 848 NS April 30, 2026 N-PORT
IWS · iShares Trust 0.39% 550,899 SH Aug. 20, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.35% 4,201,413 SH Aug. 19, 2026 Daily
VLUE · iShares Trust 0.32% 277,071 SH Aug. 20, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.32% 1,333,463 SH Aug. 19, 2026 Daily
DFLV · Dimensional ETF Trust 0.30% 196,032 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.29% 14,688 NS May 31, 2026 N-PORT
IWR · iShares Trust 0.29% 1,491,048 SH Aug. 20, 2026 Daily
VO · VANGUARD INDEX FUNDS 0.29% 3,969,157 SH Aug. 19, 2026 Daily
VFMO · VANGUARD WELLINGTON FUND 0.29% 35,337 SH Aug. 19, 2026 Daily
VGT · VANGUARD WORLD FUND 0.29% 3,008,414 SH Aug. 19, 2026 Daily
AVLC · AMERICAN CENTURY ETF TRUST 0.29% 24,194 NS May 31, 2026 N-PORT
MTUM · iShares Trust 0.28% 625,744 SH Aug. 20, 2026 Daily
AVUS · AMERICAN CENTURY ETF TRUST 0.28% 250,133 NS May 31, 2026 N-PORT
IMCB · iShares Trust 0.27% 40,426 SH Aug. 20, 2026 Daily
GXPT · Global X Funds 0.23% 1,534 NS May 31, 2026 N-PORT
XOEF · iShares Trust 0.23% 461 SH Aug. 20, 2026 Daily
IYW · iShares Trust 0.21% 458,937 SH Aug. 20, 2026 Daily
IGM · iShares Trust 0.19% 173,680 SH Aug. 20, 2026 Daily
DFUV · Dimensional ETF Trust 0.19% 294,590 NS April 30, 2026 N-PORT
VOOG · VANGUARD ADMIRAL FUNDS 0.17% 272,716 SH Aug. 19, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.17% 221,064 SH Aug. 19, 2026 Daily
USXF · iShares Trust 0.16% 21,385 SH Aug. 20, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.16% 190,000 Aug. 20, 2026 Daily
EUSA · iShares, Inc. 0.16% 27,233 SH Aug. 20, 2026 Daily
SIZE · iShares Trust 0.16% 6,158 SH Aug. 20, 2026 Daily
IXN · iShares Trust 0.16% 128,570 SH Aug. 20, 2026 Daily
DFVX · Dimensional ETF Trust 0.15% 8,185 NS April 30, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.15% 1,336,328 SH Aug. 20, 2026 Daily
DXUV · Dimensional ETF Trust 0.12% 5,296 NS April 30, 2026 N-PORT
ILCG · iShares Trust 0.12% 34,439 SH Aug. 20, 2026 Daily
DSI · iShares Trust 0.12% 56,572 SH Aug. 20, 2026 Daily