What does ITS — foreign currency translation adjustments mean?

Reflects the impact of exchange rate fluctuations on the financial results of the Integrated Technology Solutions segment's international operations. It captures the variance arising when converting foreign-denominated financial statements into the reporting currency. This metric helps isolate operational performance from the volatility of global currency markets.

Flex Ltd. FLEX ITS — Foreign currency translation adjustments

Other segment segments

RMS

$29M—

CPI

-$11M—

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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$41B+119%

Enterprise value$44.09B+113%

P/E42.1×+21.1×

P/S1.4×+0.7×

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 us-gaap:GoodwillForeignCurrencyTranslationGainLoss.

The official record: Flex Ltd.’s 10-K, filed May 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flex Ltd.'s ITS — foreign currency translation adjustments?: Flex Ltd. (FLEX) reported ITS — foreign currency translation adjustments of $500K in Q1 2026.
What does ITS — foreign currency translation adjustments mean?: Reflects the impact of exchange rate fluctuations on the financial results of the Integrated Technology Solutions segment's international operations. It captures the variance arising when converting foreign-denominated financial statements into the reporting currency. This metric helps isolate operational performance from the volatility of global currency markets.