What is Flex Ltd.'s operating income?

Flex Ltd. (FLEX) reported operating income of $372M in Q1 2026.

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

Flex Ltd.'s operating income increased by 22.0% year-over-year, from $305M to $372M.

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

Over 4 years (2022 to 2026), Flex Ltd.'s operating income has grown at a 8.9% compound annual growth rate (CAGR), from $971M to $1.37B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Flex Ltd. FLEX Operating Income

Operating Income at other companies

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$61.84M+26.7%

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$21.87M+86.0%

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$157.01M+71.4%

JabilJBL

$445M+10.4%

UFP TechnologiesUFPT

$23.37M+1.0%

Advanced Energy IndustriesAEIS

$68.3M+123%

Other financials

Income statement

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Revenue$7.5B+16.9%

Gross profit$730.0M+29.7%

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$59.09B+244%

Enterprise value$61.17B+219%

P/E67.2×+46.6×

P/S2.1×+1.5×

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:OperatingIncomeLoss.

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 operating income?: Flex Ltd. (FLEX) reported operating income of $372M in Q1 2026.
How has Flex Ltd.'s operating income changed year-over-year?: Flex Ltd.'s operating income increased by 22.0% year-over-year, from $305M to $372M.
What is the long-term trend for Flex Ltd.'s operating income?: Over 4 years (2022 to 2026), Flex Ltd.'s operating income has grown at a 8.9% compound annual growth rate (CAGR), from $971M to $1.37B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.