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Flex Ltd. FLEX Cloud and Power Infrastructure — Total depreciation expense

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Other financials

Income statement

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Revenue$7.9B+20.6%
Gross profit$747.0M+27.0%
Operating income$392.0M+26.0%
Net income$285.0M+48.4%
EPS (diluted)$0.76+52.0%

Balance sheet

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Cash & equivalents$2.8B+26.8%
Total debt$5.9B+39.1%
Total equity$5.5B+8.1%
Total assets$25.2B+31.7%

Cash flow

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Operating cash flow$276.0M-30.8%
CapEx$236.0M+77.4%
Free cash flow$40.0M-85.0%

Valuation

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Market cap$45.31B+142%
Enterprise value$48.4B+133%
P/E46.6×+25.6×
P/S1.6×+0.8×

Profitability

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Gross margin9.5%+0.7pp
Operating margin5%+0.2pp
Net margin3.3%-0.1pp
FCF margin2.8%-1.4pp

Returns & leverage

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Return on equity18.4%+0.7pp
Debt / equity1.1×+0.2×
Current ratio1.4×0.0×

Where this comes from

Reported directly by Flex Ltd. in its filing.

Tagged under the XBRL concept flex:DepreciationAdjusted.

The source filing: Flex Ltd.’s 10-K, filed May 20, 2026.

Filed
May 20, 2026, 5:00 PM EDT
Fiscal year
FY2026
Accession
0000866374-26-000012
Line itemFiscal Year Ended March 31, 2026Fiscal Year Ended March 31, 2025Fiscal Year Ended March 31, 2024
Depreciation expense:
Integrated Technology Solutions$162$180$184
Regulated Manufacturing Solutions221209204
Cloud and Power Infrastructure623924
Corporate and Other121116
Total depreciation expense$457$439$428

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Flex Ltd.'s cloud and power infrastructure — total depreciation expense?
Flex Ltd. (FLEX) reported cloud and power infrastructure — total depreciation expense of $15.5M in Q1 2026.
How has Flex Ltd.'s cloud and power infrastructure — total depreciation expense changed year-over-year?
Flex Ltd.'s cloud and power infrastructure — total depreciation expense increased by 59.0% year-over-year, from $9.75M to $15.5M.
What is the long-term trend for Flex Ltd.'s cloud and power infrastructure — total depreciation expense?
Over 2 years (2024 to 2026), Flex Ltd.'s cloud and power infrastructure — total depreciation expense has grown at a 60.7% compound annual growth rate (CAGR), from $24M to $62M.
What does cloud and power infrastructure — total depreciation expense mean?
This metric represents the total non-cash expense recognized for the wear and tear of tangible assets specifically allocated to the Cloud and Power Infrastructure business segment. It reflects the systematic allocation of the cost of manufacturing equipment, facilities, and infrastructure assets over their estimated useful lives. Monitoring this expense provides insight into the capital intensity and asset aging profile of the segment's operations.

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