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Flex Ltd.

FLEX

Flex is a global manufacturing and supply chain solutions partner that provides end-to-end design, engineering, and post-production services.

Market cap
$48.87B+153%
Revenue$27.9B+8.1%
Net income$880.0M+5.0%
Free cash flow$1.1B-1.4%
EPS (diluted)$2.33+9.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$7.5B
EPS estimate$0.93

Financials

Q4 2026

Income statement

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Revenue$7.5B+16.9%
Gross profit$730.0M+29.7%
Operating income$372.0M+22.0%
Net income$250.0M+12.6%
EPS (diluted)$0.67+17.5%

Balance sheet

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Cash & equivalents$2.4B+4.4%
Total debt$4.5B+4.2%
Total equity$5.1B+2.8%
Total assets$22.1B+20.0%

Cash flow

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Operating cash flow$413.0M-4.6%
CapEx$202.0M+80.4%
Free cash flow$211.0M-34.3%

Valuation & ratios

Valuation

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Market cap$48.87B+153%
Enterprise value$50.94B+139%
P/E55.5×+33.8×
P/S1.8×+1.0×

Profitability

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Gross margin9.4%+0.9pp
Operating margin4.9%+0.4pp
Net margin3.2%-0.1pp
FCF margin3.8%-0.4pp

Returns & leverage

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Return on equity17.3%+1.1pp
Debt / equity0.9×0.0×
Current ratio1.4×+0.1×

Segments

By segment

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ITS$2.8B
RMS$2.5B
CPI$1.7B

By geography

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Americas$3.5B+9.2%
Asia$2.1B+9.1%
Europe$1.4B+4.3%

Competitors

Profile

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.

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.

GeographiesNorth America, China, Europe, Middle East, Africa, Asia
Customer segmentsHyperscalers, Original Equipment Manufacturers (OEMs), Enterprise, Medical Institutions
Business modelContract Manufacturing, B2B Hardware, Design and Engineering Services, Aftermarket Services
SuppliersElectronic component suppliers, Raw material providers, Semiconductor manufacturers, Automation and robotics providers
CustomersData center operators, Automotive manufacturers, Medical device companies, Consumer technology brands, Industrial conglomerates
CountrySingapore
Listed1987
Employees148.1K
CEORevathi Advaithi
Websiteflex.com
FilingsSEC EDGAR

Questions, answered.

What is Flex Ltd.'s market cap?
Flex Ltd. (FLEX) has a market capitalization of $48.9B and trades on NASDAQ.
What is Flex Ltd.'s revenue and profitability?
Flex Ltd. generated $27.9B in trailing twelve-month revenue with net income of $880.0M, representing a net margin of 3.2%. Gross margin stands at 9.4%, with free cash flow of $1.1B. These figures are based on the Q1 2026 filing.
Who are Flex Ltd.'s competitors?
Flex Ltd.'s key competitors include Jabil Inc., Celestica Inc., Sanmina Corporation, and others. These companies compete in similar markets and product categories.
Who does Flex Ltd. partner with?
Flex Ltd.'s notable partners include American Red Cross, Planet Water Foundation, Give2Asia, and others.
What subsidiaries does Flex Ltd. have?
Flex Ltd.'s subsidiaries include Anord Mardix, JetCool Technologies Inc., Crown Technical Systems.
Where is Flex Ltd. headquartered?
Flex Ltd. is headquartered in Singapore and employs approximately 148,115 people. It has been publicly traded since 1987.