What is Flex Ltd.'s inventories?

Flex Ltd. (FLEX) reported inventories of $5.85B in Q1 2026.

How has Flex Ltd.'s inventories changed year-over-year?

Flex Ltd.'s inventories increased by 15.3% year-over-year, from $5.07B to $5.85B.

What is the long-term trend for Flex Ltd.'s inventories?

Over 5 years (2021 to 2026), Flex Ltd.'s inventories has grown at a 8.5% compound annual growth rate (CAGR), from $3.9B to $5.85B.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Flex Ltd. FLEX Inventories

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Other financials

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

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Market cap$59.38B+168%

Enterprise value$61.46B+152%

P/E67.5×+42.6×

P/S2.1×+1.3×

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×

Where this comes from

Reported directly by Flex Ltd. in its filing.

Tagged under the XBRL concept us-gaap:InventoryNet.

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 inventories?: Flex Ltd. (FLEX) reported inventories of $5.85B in Q1 2026.
How has Flex Ltd.'s inventories changed year-over-year?: Flex Ltd.'s inventories increased by 15.3% year-over-year, from $5.07B to $5.85B.
What is the long-term trend for Flex Ltd.'s inventories?: Over 5 years (2021 to 2026), Flex Ltd.'s inventories has grown at a 8.5% compound annual growth rate (CAGR), from $3.9B to $5.85B.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.