Flex
Designs, manufactures, and manages products, supply chains, and data-center infrastructure.
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Profile
Combines contract manufacturing and supply-chain services with proprietary power, cooling, and compute infrastructure. Three segments serve communications and lifestyle products, industrial, automotive, and healthcare programs, and data centers across a cross-border operating network; sales depend on a concentrated group of major customers.
Designs, builds, and manages products and supply chains for customers across communications, consumer, industrial, automotive, healthcare, and data-center markets. Integrated Technology Solutions covers communications systems and lifestyle products, while Regulated Manufacturing Solutions spans industrial infrastructure, automotive electronics, and healthcare manufacturing.
Cloud and Power Infrastructure adds integrated compute, liquid cooling, and electrical power systems from board and rack levels through facilities and utilities. This portfolio combines customer manufacturing programs with proprietary infrastructure products across a cross-border operating network.
Execution depends on manufacturing know-how, procurement, design, and disciplined delivery across complex customer programs. Sales rely on a concentrated group of major customers, and the announced separation of Cloud and Power Infrastructure would leave Integrated Technology Solutions and Regulated Manufacturing Solutions in the continuing business.
Company facts
Key statistics
Year to date +73.5% · Average volume (30d) 4.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 30, 2026 | Robert W. Baird | Target | $165 | $142 | |
| Jul 30, 2026 | Goldman Sachs | Reiterate | Buy | $177 | $154 |
| Jul 30, 2026 | Barclays | Reiterate | Overweight | $203 | $144 |
| Jul 29, 2026 | Raymond James | Reiterate | Outperform | $80 | $170 |
| Jun 4, 2026 | Barclays | Reiterate | Overweight | $174 | $203 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q1 FY27 | $0.90 | $1.00 | +11.2% | $7.53B | $7.93B | +5.3% | −9.06% |
| May 5, 2026Q4 FY26 | $0.87 | $0.93 | +6.4% | $6.96B | $7.48B | +7.4% | +39.69% |
| Feb 4, 2026Q3 FY26 | $0.78 | $0.87 | +11.7% | $6.83B | $7.06B | +3.3% | +2.24% |
| Oct 29, 2025Q2 FY26 | $0.75 | $0.79 | +4.8% | $6.68B | $6.80B | +1.8% | −3.19% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.40B | $6.58B | $6.80B | $7.06B | $7.48B | $7.93B | |
| Gross profit | $563.0M | $572.0M | $614.0M | $685.0M | $730.0M | $747.0M | |
| Operating income | $305.0M | $311.0M | $296.0M | $400.0M | $425.0M | $392.0M | |
| Net income | $222.0M | $192.0M | $199.0M | $239.0M | $250.0M | $285.0M | |
| Diluted EPS | $0.57 | $0.50 | $0.52 | $0.64 | $0.67 | $0.76 | |
| Gross margin | 8.8% | 8.7% | 9.0% | 9.7% | 9.8% | 9.4% | |
| Operating margin | 4.8% | 4.7% | 4.4% | 5.7% | 5.7% | 4.9% |
Fiscal years (4-quarter sums)FY22 $26.04B · FY23 $30.35B · FY24 $24.75B · FY25 $25.81B · FY26 $27.91B
Revenue by product · Q3 FY26
Revenue by geography · FY26
Balance sheet, Jun 26, 2026Cash & short-term investments $2.84B · Total debt $5.93B · Total assets $25.20B · Shareholders' equity $5.50B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 369.40M · Float 366.39M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 42.11M | 11.40% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 24.01M | 6.50% | 13F | Aug 13, 2026 |
| Primecap Management Co/CA/ | 23.36M | 6.32% | 13F | Aug 14, 2026 |
| Janus Henderson Group PLC | 22.33M | 6.00% | 13G | Feb 17, 2026 |
| FMR LLC | 19.54M | 5.29% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Michael P. Hartung | officer: Chief Commercial Officer | −2,755 | $120.64 |
| Jun 18, 2026 | Revathi Advaithi | director, officer: Chief Executive Officer | −39,188 | $145.18 |
| Jun 17, 2026 | Revathi Advaithi | director, officer: Chief Executive Officer | −197,879 | $144.32 |
| Jun 18, 2026 | Kwang Hooi Tan | officer: Chief Operating Officer | −8,981 | $145.19 |
| Jun 17, 2026 | Kwang Hooi Tan | officer: Chief Operating Officer | −26,657 | $144.48 |
Peers
- Jabil
Global peer in electronics manufacturing and diversified end markets
- Celestica
Broad EMS rival across cloud, communications, industrial, and HealthTech
- Sanmina
Global EMS rival across industrial, medical, communications and cloud markets
- Vertiv
Direct rival in data-center power, cooling, and rack infrastructure
- Plexus
Engineering-led EMS rival in healthcare and industrial programs
