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Flex Ltd. Income Statement

Revenue, expenses, and profitability over time

Flex Ltd. generated $27.9B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $880.0M with a 3.15% net margin. Gross margin stands at 9.41% and operating margin at 4.9%. Diluted EPS is $2.33, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$27.9BGross Profit (TTM)$2.6BOperating Income (TTM)$1.4BNet Income (TTM)$880.0MEps Diluted (TTM)$2.33
Latest FilingQ1 2026
Report Date2026-05-20
Market Cap$55.7B
P/E Ratio63.28
ROE17.35%

Operating Expenses

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Depreciation and amortization$17M$21M$21M$16M$15M$16M
Selling, general and administrative$241M$234M$233M$260M$270M$289M

Earnings Per Share

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Basic earnings per share$0.68$0.58$0.51$0.53$0.65$0.68
Diluted earnings per share$0.67$0.57$0.50$0.52$0.64$0.67
Weighted-average shares, basic387M381M374M374M369M371M
Weighted-average shares, diluted394M389M381M380M376M378M

Other Income & Expense

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Income from equity method investments$0$0-$20M-$5M-$1M-$5M
Interest expense$57M$52M$51M$52M$58M$54M
Interest income$15.3M$15.3M$12.8M$12.8M$12.8M$12.8M
Other income (expense), net$3.5M$3.5M-$7.5M-$7.5M-$7.5M-$7.5M

Operating Income

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Gross profit$604M$563M$588M$623M$685M$730M
Operating income$334M$305M$311M$296M$389M$372M

Tax

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Income tax expense$25M$57M$54M$63M$81M$65M

Net Income

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Net income$263M$222M$192M$199M$239M$250M
Income from continuing operations$0.54$0.54$0.59$0.59$0.59$0.59

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Amortization of capitalized software and acquired intangible assets$17M$21M$21M$16M$15M$16M
Interest income and other, net$16M$13M$13M$10M$15M$13M
Other income, net (Note 6)-$5M$13M-$7M$13M-$25M-$11M
Restructuring charges$10M$28M$16M$9M$6M$28M
Restructuring, Settlement and Impairment Provisions$2M$3M$7M$42M$5M$25M
Revenue From Contract With Customer Excluding Assessed Tax$6.6B$6.4B$6.6B$6.8B$7.1B$7.5B

Cost of Revenue

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Total cost of revenue$6B$5.8B$6B$6.2B$6.4B$6.7B

Revenue

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Total revenue$6.6B$6.4B$6.6B$6.8B$7.1B$7.5B