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Flex Ltd. FLEX Integrated Technology Solutions — 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 integrated technology solutions — total depreciation expense?
Flex Ltd. (FLEX) reported integrated technology solutions — total depreciation expense of $40.5M in Q1 2026.
How has Flex Ltd.'s integrated technology solutions — total depreciation expense changed year-over-year?
Flex Ltd.'s integrated technology solutions — total depreciation expense decreased by 10.0% year-over-year, from $45M to $40.5M.
What is the long-term trend for Flex Ltd.'s integrated technology solutions — total depreciation expense?
Over 2 years (2024 to 2026), Flex Ltd.'s integrated technology solutions — total depreciation expense has grown at a -6.2% compound annual growth rate (CAGR), from $184M to $162M.
What does integrated technology solutions — total depreciation expense mean?
This metric represents the total non-cash expense allocated to the Integrated Technology Solutions segment to account for the wear and tear of tangible assets over their useful lives. It reflects the capital intensity of the segment's operations and the ongoing investment required to maintain manufacturing and design infrastructure. Monitoring this expense helps investors understand the segment's asset base and the timing of capital expenditure cycles.

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