What is Flex Ltd.'s retained earnings?

Flex Ltd. (FLEX) reported retained earnings of $2.16B in Q1 2026.

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

Flex Ltd.'s retained earnings increased by 68.5% year-over-year, from $1.28B to $2.16B.

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

Over 5 years (2021 to 2026), Flex Ltd.'s retained earnings has grown at a -1.1% compound annual growth rate (CAGR), from -$2.29B to $2.16B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Flex Ltd. FLEX Retained Earnings

Retained Earnings at other companies

PlexusPLXS

$2.09B+9.9%

Benchmark ElectronicsBHE

$570.5M-2.9%

Sanmina CorpSANM

-$2.46B+9.1%

JabilJBL

$7B+13.4%

UFP TechnologiesUFPT

$392.31M+21.2%

Advanced Energy IndustriesAEIS

$1.18B+12.6%

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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: Flex Ltd. (FLEX) reported retained earnings of $2.16B in Q1 2026.
How has Flex Ltd.'s retained earnings changed year-over-year?: Flex Ltd.'s retained earnings increased by 68.5% year-over-year, from $1.28B to $2.16B.
What is the long-term trend for Flex Ltd.'s retained earnings?: Over 5 years (2021 to 2026), Flex Ltd.'s retained earnings has grown at a -1.1% compound annual growth rate (CAGR), from -$2.29B to $2.16B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.