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FLEX · NASDAQ · Hardware, Equipment & Parts

Flex (FLEX)

Designs, manufactures, and manages products, supply chains, and data-center infrastructure.

$112.93
vs last close+1.31 (+1.18%)
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Flex Ltd.FLEX
Information Technology

Combines contract manufacturing and supply-chain services with proprietary power, cooling, and compute infrastructure. Three segments serve communications and lifestyle products, industrial, automotive, and healthcare programs, and data centers across a cross-border operating network; sales depend on a concentrated group of major customers.

Designs, builds, and manages products and supply chains for customers across communications, consumer, industrial, automotive, healthcare, and data-center markets. Integrated Technology Solutions covers communications systems and lifestyle products, while Regulated Manufacturing Solutions spans industrial infrastructure, automotive electronics, and healthcare manufacturing.

Cloud and Power Infrastructure adds integrated compute, liquid cooling, and electrical power systems from board and rack levels through facilities and utilities. This portfolio combines customer manufacturing programs with proprietary infrastructure products across a cross-border operating network.

Execution depends on manufacturing know-how, procurement, design, and disciplined delivery across complex customer programs. Sales rely on a concentrated group of major customers, and the announced separation of Cloud and Power Infrastructure would leave Integrated Technology Solutions and Regulated Manufacturing Solutions in the continuing business.

Company facts

CEORevathi Advaithi
ListedMar 18, 1994
ExchangeNASDAQ
HeadquartersAustin, TX
CountrySingapore
Employees149,686
CIK0000866374
ISINSG9999000020

Market cap$41.23B
EPS (ttm)$2.59
P/E (ttm)43.09
ROE18.7%
P/B7.50
P/S1.41
Dividend yieldDiv yield—
Beta2.84vs XLK 1.81

Price target$149.00+33.5%Average of 26 analysts
ConsensusBuy19 of 26 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 30, 2026Robert W. BairdTarget
Target: $165
Target: $142
Jul 30, 2026Goldman SachsReiterate
Rating: —Target: $177
Rating: BuyTarget: $154
Jul 30, 2026BarclaysReiterate
Rating: —Target: $203
Rating: OverweightTarget: $144
Jul 29, 2026Raymond JamesReiterate
Rating: —Target: $80
Rating: OutperformTarget: $170
Jun 4, 2026BarclaysReiterate
Rating: —Target: $174
Rating: OverweightTarget: $203

Next report
Nov 4, 26
in 43 days
EPS estimate
$1.05
Revenue estimate
$8.17B
Fiscal quarter
Q2 FY27

EPSReportedEstimate

Jan '25May '25Jul '25Oct '25Feb '26May '26Jul '26Nov '26
Reported$0.77$0.73$0.72$0.79$0.87$0.93$1.00Pending
Estimate$0.64$0.70$0.63$0.75$0.78$0.87$0.90$1.05
Surprise+20.3%+5.0%+14.3%+4.8%+11.7%+6.4%+11.2%—

RevenueReportedEstimate

Jan '25May '25Jul '25Oct '25Feb '26May '26Jul '26Nov '26
Reported$6.56B$6.40B$6.58B$6.80B$7.06B$7.48B$7.93BPending
Estimate$6.21B$6.24B$6.29B$6.68B$6.83B$6.96B$7.53B$8.17B
Surprise+5.6%+2.6%+4.6%+1.8%+3.3%+7.4%+5.3%—
Estimate$1.05
ReportedDue Nov 4, 2026
Estimate$8.17B
ReportedDue Nov 4, 2026
View details

Debt to equity107.80%
Current ratio138.00%

ProfitabilityRevenueNet incomeNet margin

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue$6.55B$6.56B$6.40B$6.58B$6.80B$7.06B$7.48B$7.93B
Net income$214.0M$263.0M$222.0M$192.0M$199.0M$239.0M$250.0M$285.0M
Net margin3.3%4.0%3.5%2.9%2.9%3.4%3.3%3.6%

GrowthOperating income

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Operating income$297.0M$334.0M$305.0M$311.0M$296.0M$400.0M$425.0M$392.0M
YoY growth+5.7%+68.7%Turned profit+33.5%−0.3%+19.8%+39.3%+26.0%

Balance sheet, Jun 26, 2026Cash & short-term investments $2.84B · Total debt $5.93B · Total assets $25.20B · Shareholders' equity $5.50B

Revenue
$7.93B
Operating income
$392.0M
Net income
$285.0M
View details

No dividends on record.

Institutions≈ 92.26%340.82M shares
1,162 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.44%1.62M shares
14 holders · as of Aug 20, 2026
Strategic holders6.05%22.33M shares
1 holder · as of Feb 17, 2026
Other≈ 1.25%4.63M shares
remainder

369.40M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
11.40%42.11Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.50%24.01Mas of Jun 30, 2026
Primecap Management Co/CA/Institution
6.32%23.36Mas of Jun 30, 2026
Janus Henderson Group PLCStrategic
6.05%22.33Mfiled Feb 17, 2026
FMR LLCInstitution
5.29%19.54Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 18, 2026Michael P. Hartungofficer: Chief Commercial Officer−2,755$120.64
Jun 18, 2026Revathi Advaithidirector, officer: Chief Executive Officer−39,188$145.18
Jun 17, 2026Revathi Advaithidirector, officer: Chief Executive Officer−197,879$144.32
Jun 18, 2026Kwang Hooi Tanofficer: Chief Operating Officer−8,981$145.19
Jun 17, 2026Kwang Hooi Tanofficer: Chief Operating Officer−26,657$144.48
View details

  • Jabil

    Global peer in electronics manufacturing and diversified end markets

  • Celestica

    Broad EMS rival across cloud, communications, industrial, and HealthTech

  • Sanmina

    Global EMS rival across industrial, medical, communications and cloud markets

  • Vertiv

    Direct rival in data-center power, cooling, and rack infrastructure

  • Plexus

    Engineering-led EMS rival in healthcare and industrial programs

Compare

CompanyPriceChange
Flex$112.93+1.18%$41.23B43.121.71.4+20.6%
Jabil$304.66+0.33%$31.82B37.919.30.9+11.8%
Celestica$347.47+0.89%$39.60B35.823.12.5+61.3%
Sanmina$209.14−0.16%$11.23B37.516.70.9+69.7%
Vertiv$254.86+1.59%$96.58B56.832.58.4+24.1%
Plexus$260.56+3.25%$6.75B37.326.01.5+28.1%
Median37.523.11.5+28.1%