Flex Ltd. logo

Flex Ltd.

FLEXNASDAQStock Fundamentals

Flex is a global manufacturing and supply chain solutions partner that provides end-to-end design, engineering, and post-production services. The company operates a hybrid 'EMS + Products + Services' model, delivering both contract manufacturing and proprietary power and cooling technologies to diverse industries. Its value proposition centers on helping customers navigate supply chain complexity and technology transitions through a global network of sustainable operations.

Market Cap$51.4B
Revenue TTM$26.8B
Net Income TTM$852.0M
P/E Ratio60.28
Net Margin3.17%
EPS TTM$2.23
Free Cash Flow TTM$1.2B
Employees148.1K
CEORevathi Advaithi
CountrySingapore
Technology
Hardware, Equipment & Parts
SegmentsElectronic Manufacturing Services (EMS), Semiconductors, Automotive, Healthcare, Data Centers
Business ModelsContract Manufacturing, B2B Hardware, Design and Engineering Services, Aftermarket Services
Most Recent EarningsMay 5, 2026 · 9 days agoQ1 2026 · FQ4 FY2026
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Next EarningsJul 23, 2026 · in 2 monthsBefore Market Open · Q2 2026 · FQ1 FY2027

Financials

Based on Q1 2026 · FQ4 FY2026 filing

Gross Margin9.05%
Op. Margin4.85%
ROE16.85%
D/E97.99%
Current Ratio1.40
Total Debt$5.0B
Cash$3.1B
CapEx TTM$543.0M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Flex Agility Solutions (FAS)

primary

This segment is optimized for speed-to-market and high flexibility, supporting industries with rapid product cycles. It focuses on communications infrastructure, cloud data centers, and high-velocity consumer devices.

Products

Communications infrastructure, Data center edge equipment, Appliances, Floorcare products, Smart living devices, HVAC systems, Power tools, Mobile devices

Customers

Cloud service providers, Communications companies, Consumer electronics brands, Appliance manufacturers

Flex Reliability Solutions (FRS)

primary

This segment focuses on longer product lifecycles and complex production models in highly regulated or critical environments. It provides specialized engineering for industrial, automotive, and healthcare applications.

Products

Automotive compute platforms, Power electronics, Medical devices, Drug delivery systems, Renewable energy equipment, Critical power systems, Embedded power products

Customers

Automotive OEMs, Healthcare and MedTech companies, Industrial equipment manufacturers, Energy and utility companies

Segment Financials

FAS — Net Sales

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FAS — Manufacturing Costs

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FAS — Cost Of Inventory

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FRS — Net Sales

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FRS — Manufacturing Costs

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FRS — Total depreciation expense

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Business Overview

Competitive Position

Flex is a leading global provider of diversified manufacturing services, distinguishing itself through vertical integration and a specialized portfolio of power and cooling products for the AI data center market.

Geographies

North America, China, Europe, Middle East, Africa, Asia

Customer Segments

Hyperscalers, Original Equipment Manufacturers (OEMs), Enterprise, Medical Institutions

Upstream Dependencies

Electronic component suppliers, Raw material providers, Semiconductor manufacturers, Automation and robotics providers

Downstream Customers

Data center operators, Automotive manufacturers, Medical device companies, Consumer technology brands, Industrial conglomerates

Competitors & Partners

Partners

A

American Red Cross

Philanthropic partner for disaster relief through the Flex Foundation

P

Planet Water Foundation

Community partner for environmental and social causes

G

Give2Asia

Philanthropic partner for community grants and volunteerism

HP logo

HP

HPQ

Customer and sustainability partner

ERI

Ericsson

ERIC

Customer and sustainability partner

Subsidiaries

A

Anord Mardix

Provider of critical power solutions including switchgear and modular power pods

J

JetCool Technologies Inc.

Developer of direct-to-chip liquid cooling capabilities for data centers

C

Crown Technical Systems

Provider of critical power distribution and protection systems

Flex Ltd. logo

Flex Ltd. FAQ

Common questions about Flex Ltd.

Flex is a global manufacturing and supply chain solutions partner that provides end-to-end design, engineering, and post-production services. The company operates a hybrid 'EMS + Products + Services' model, delivering both contract manufacturing and proprietary power and cooling technologies to diverse industries. Its value proposition centers on helping customers navigate supply chain complexity and technology transitions through a global network of sustainable operations.

Flex Ltd. (FLEX) has a market capitalization of $51.4B and trades on NASDAQ.

Flex Ltd. generated $26.8B in trailing twelve-month revenue with net income of $852.0M, representing a net margin of 3.2%. Gross margin stands at 9.0%, with free cash flow of $1.2B. These figures are based on the Q4 2025 filing.

Flex Ltd.'s key competitors include Celestica Inc., Jabil Inc., Sanmina Corporation, and others. These companies compete in similar markets and product categories.

Flex Ltd. has approximately 148,115 employees.