FLEX Chart
About

Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, industrial, healthcare, industrial, and power industries. The company operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise, and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution, including appliances, floorcare, smart living, HVAC, and power tools; and consumer devices, such as mobile and high velocity consumer devices. Its FRS segment provides complex ramps with specialized production models and critical environments, which comprise industrial solutions, including industrial devices, capital equipment, renewables, and critical and embedded power solutions; automotive solutions, such as compute platforms, power electronics, motion, and interface; and health solutions comprising medical devices, medical equipment, and drug delivery. It also offers various services, including design and engineering, such as product design and engineering resources that provide design services, product development, and systems integration services and solutions; supply chain comprising manufacturing, customization, procurement, logistics, and innovative supply chain solutions; manufacturing; and logistics and value-added fulfillment services, including warehousing and vendor managed inventory, omni-channel fulfillment, kitting, configuration, and postponement. It operates in the Americas, Asia, and Europe. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Austin, Texas.

Fundamentals
Scroll to Statements
Sector Technology Industry Electronic Components Market Cap 22.68B
Enterprise Value 24.51B Income 852.00M Sales 26.83B
Book/sh 13.93 Cash/sh 8.31 Dividend Yield —
Payout 0.00% Employees 147979 IPO —
P/E 27.50 Forward P/E 16.80 PEG —
P/S 0.85 P/B 4.40 P/C —
EV/EBITDA 12.39 EV/Sales 0.91 Quick Ratio 0.72
Current Ratio 1.40 Debt/Eq 97.99 LT Debt/Eq —
EPS (ttm) 2.23 EPS next Y 3.65 EPS Growth -4.50%
Revenue Growth 7.70% Earnings 2026-05-06 ROA 4.53%
ROE 16.85% ROIC — Gross Margin 9.27%
Oper. Margin 5.67% Profit Margin 3.17% Shs Outstand 367.67M
Shs Float 364.80M Short Float 3.03% Short Ratio 2.35
Short Interest — 52W High 72.22 52W Low 25.11
Beta 1.25 Avg Volume 4.40M Volume 4.02M
Target Price $76.12 Recom None Prev Close $59.91
Price $61.33 Change 2.37%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$76.13
Mean price target
2. Current target
$61.33
Latest analyst target
3. DCF / Fair value
$45.75
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$61.33
Low
$72.00
High
$80.00
Mean
$76.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-05 main Barclays Overweight → Overweight $72
2026-01-14 main Barclays Overweight → Overweight $71
2025-12-09 main Goldman Sachs Buy → Buy $74
2025-11-12 main Jefferies Hold → Hold $23
2025-10-30 main JP Morgan Overweight → Overweight $75
2025-10-30 main Barclays Overweight → Overweight $78
2025-10-30 main Goldman Sachs Buy → Buy $73
2025-10-30 main Keybanc Overweight → Overweight $75
2025-10-10 main Keybanc Overweight → Overweight $70
2025-10-08 main B of A Securities Buy → Buy $65
2025-07-25 main Stifel Buy → Buy $52
2025-07-25 main Barclays Overweight → Overweight $60
2025-07-17 main JP Morgan Overweight → Overweight $60
2025-07-10 main B of A Securities Buy → Buy $58
2025-07-02 main Keybanc Overweight → Overweight $60
2025-06-09 main B of A Securities Buy → Buy $50
2025-05-09 main Keybanc Overweight → Overweight $44
2025-05-08 main Barclays Overweight → Overweight $50
2025-04-17 main JP Morgan Overweight → Overweight $40
2025-04-10 main Goldman Sachs Buy → Buy $41
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 6889 — — Stock Gift at price 0.00 per share. WARD PATRICK J Director — 2026-02-25 00:00:00 D
1 337 — — Stock Award(Grant) at price 0.00 per share. HURLSTON MICHAEL E. Director — 2026-01-15 00:00:00 D
2 197 — — Stock Award(Grant) at price 0.00 per share. TAN LAY KOON Director — 2026-01-15 00:00:00 D
3 21406 1310647 — Sale at price 61.22 - 61.66 per share. KRUMM KEVIN Chief Financial Officer — 2026-01-07 00:00:00 D
4 10000 719700 — Sale at price 71.97 per share. WENDLER DANIEL J Officer — 2025-12-11 00:00:00 D
5 50000 — — Stock Gift at price 0.00 per share. OFFER DAVID SCOTT General Counsel — 2025-12-05 00:00:00 I
6 10000 580000 — Sale at price 58.00 per share. HURLSTON MICHAEL E. Director — 2025-11-26 00:00:00 D
7 20000 1090450 — Sale at price 54.52 per share. WATKINS WILLIAM D Director — 2025-11-21 00:00:00 D
8 10000 561692 — Sale at price 56.17 per share. HURLSTON MICHAEL E. Director — 2025-11-20 00:00:00 D
9 15000 933177 — Sale at price 62.02 - 63.50 per share. HARTUNG MICHAEL P Officer — 2025-11-11 00:00:00 D
Financials
Line Item2025-03-312024-03-312023-03-312022-03-31
TaxEffectOfUnusualItems-2.90M-6.00M-614.62K0.00
TaxRateForCalcs0.180.300.150.10
NormalizedEBITDA1.80B1.43B1.54B1.61B
TotalUnusualItems-16.00M-20.00M-4.00M0.00
TotalUnusualItemsExcludingGoodwill-16.00M-20.00M-4.00M0.00
NetIncomeFromContinuingOperationNetMinorityInterest838.00M633.00M443.00M868.00M
ReconciledDepreciation539.00M537.00M501.00M484.00M
ReconciledCostOfRevenue23.18B24.08B26.11B22.43B
EBITDA1.78B1.41B1.54B1.61B
EBIT1.24B873.00M1.04B1.13B
NetInterestIncome-157.00M-151.00M-200.00M-152.00M
InterestExpense218.00M207.00M230.00M166.00M
InterestIncome61.00M56.00M30.00M14.00M
NormalizedIncome851.10M647.00M446.39M868.00M
NetIncomeFromContinuingAndDiscontinuedOperation838.00M1.01B793.00M936.00M
TotalExpenses24.63B25.54B27.48B23.74B
TotalOperatingIncomeAsReported1.17B853.00M1.02B890.00M
DilutedAverageShares398.00M441.00M462.00M483.00M
BasicAverageShares377.82M408.10M450.12M460.56M
DilutedEPS2.112.281.721.94
BasicEPS2.222.471.762.03
DilutedNIAvailtoComStockholders838.00M1.01B793.00M936.00M
NetIncomeCommonStockholders838.00M1.01B793.00M936.00M
NetIncome838.00M1.01B793.00M936.00M
MinorityInterests0.00-239.00M-240.00M-4.00M
NetIncomeIncludingNoncontrollingInterests838.00M1.25B1.03B940.00M
NetIncomeDiscontinuousOperations0.00373.00M350.00M68.00M
NetIncomeContinuousOperations838.00M872.00M683.00M872.00M
TaxProvision185.00M-206.00M124.00M92.00M
PretaxIncome1.02B666.00M807.00M964.00M
OtherIncomeExpense-5.00M-56.00M-14.00M226.00M
OtherNonOperatingIncomeExpenses14.00M-44.00M-6.00M165.00M
SpecialIncomeCharges-16.00M-20.00M-4.00M0.00
RestructuringAndMergernAcquisition16.00M20.00M4.00M0.00
EarningsFromEquityInterest-3.00M8.00M-4.00M61.00M
NetNonOperatingInterestIncomeExpense-157.00M-151.00M-200.00M-152.00M
TotalOtherFinanceCost39.00M152.00M11.00M
InterestExpenseNonOperating218.00M207.00M230.00M166.00M
InterestIncomeNonOperating61.00M56.00M30.00M14.00M
OperatingIncome1.19B873.00M1.02B890.00M
OperatingExpense974.00M992.00M955.00M890.00M
DepreciationAmortizationDepletionIncomeStatement70.00M70.00M81.00M60.00M
DepreciationAndAmortizationInIncomeStatement70.00M70.00M81.00M60.00M
Amortization70.00M70.00M81.00M60.00M
AmortizationOfIntangiblesIncomeStatement70.00M70.00M81.00M60.00M
SellingGeneralAndAdministration904.00M922.00M874.00M830.00M
GrossProfit2.16B1.86B1.98B1.78B
CostOfRevenue23.65B24.55B26.53B22.85B
TotalRevenue25.81B26.41B28.50B24.63B
OperatingRevenue25.81B26.41B28.50B24.63B
Line Item2025-03-312024-03-312023-03-312022-03-31
TreasurySharesNumber5.55M0.0050.24M50.24M
OrdinarySharesNumber377.82M408.10M450.12M460.56M
ShareIssued383.37M408.10M500.36M510.80M
NetDebt1.40B787.00M530.00M1.23B
TotalDebt4.15B3.75B4.20B4.75B
TangibleBookValue3.32B3.94B3.90B2.38B
InvestedCapital8.69B8.59B9.04B8.33B
WorkingCapital2.99B4.45B5.17B3.63B
NetTangibleAssets3.32B3.94B3.90B2.38B
CapitalLeaseObligations456.00M490.00M504.00M551.00M
CommonStockEquity5.00B5.33B5.35B4.13B
TotalCapitalization7.49B8.59B8.89B7.38B
TotalEquityGrossMinorityInterest5.00B5.33B5.71B4.21B
MinorityInterest0.00355.00M78.00M0.00
StockholdersEquity5.00B5.33B5.35B4.13B
GainsLossesNotAffectingRetainedEarnings-224.00M-195.00M-194.00M-182.00M
OtherEquityAdjustments-224.00M-195.00M-194.00M-182.00M
TreasuryStock200.00M0.00388.00M388.00M
RetainedEarnings1.28B446.00M-560.00M-1.35B
CapitalStock4.14B5.07B6.49B6.05B
CommonStock4.14B5.07B6.49B6.05B
TotalLiabilitiesNetMinorityInterest13.38B12.93B15.70B15.12B
TotalNonCurrentLiabilitiesNetMinorityInterest3.53B4.39B4.83B4.41B
OtherNonCurrentLiabilities590.00M642.00M554.00M608.00M
LiabilitiesHeldforSaleNonCurrent0.00232.00M
LongTermDebtAndCapitalLeaseObligation2.94B3.75B4.05B3.80B
LongTermCapitalLeaseObligation456.00M490.00M504.00M551.00M
LongTermDebt2.48B3.26B3.54B3.25B
CurrentLiabilities9.85B8.54B10.87B10.71B
OtherCurrentLiabilities977.00M968.00M1.53B1.04B
CurrentDeferredLiabilities1.96B2.62B2.96B2.00B
CurrentDeferredRevenue1.96B2.62B2.96B2.00B
CurrentDebtAndCapitalLeaseObligation1.21B150.00M949.00M268.00M
CurrentDebt1.21B150.00M949.00M268.00M
LineOfCredit0.00150.00M949.00M268.00M
PayablesAndAccruedExpenses5.71B4.96B6.23B6.72B
CurrentAccruedExpenses560.00M488.00M506.00M470.00M
Payables5.15B4.47B5.72B6.25B
AccountsPayable5.15B4.47B5.72B6.25B
TotalAssets18.38B18.26B21.41B19.32B
TotalNonCurrentAssets5.54B5.26B5.37B4.99B
OtherNonCurrentAssets964.00M1.01B973.00M473.00M
GoodwillAndOtherIntangibleAssets1.68B1.38B1.45B1.75B
OtherIntangibleAssets343.00M245.00M315.00M411.00M
Goodwill1.34B1.14B1.14B1.34B
NetPPE2.89B2.87B2.95B2.76B
AccumulatedDepreciation-4.62B-4.44B-4.20B-3.98B
GrossPPE7.51B7.31B7.15B6.74B
Leases669.00M651.00M586.00M564.00M
ConstructionInProgress271.00M214.00M399.00M261.00M
OtherProperties562.00M601.00M605.00M637.00M
MachineryFurnitureEquipment4.54B4.51B4.27B4.04B
BuildingsAndImprovements1.34B1.21B1.16B1.12B
LandAndImprovements126.00M123.00M124.00M113.00M
Properties0.000.000.000.00
CurrentAssets12.84B12.99B16.03B14.34B
OtherCurrentAssets1.19B1.03B875.00M903.00M
AssetsHeldForSaleCurrent0.00883.00M
Inventory5.07B6.21B7.39B6.58B
FinishedGoods494.00M537.00M572.00M688.00M
WorkInProcess485.00M623.00M705.00M602.00M
RawMaterials4.09B5.04B6.11B5.29B
Receivables4.29B3.28B3.72B3.89B
OtherReceivables616.00M249.00M243.00M519.00M
AccountsReceivable3.67B3.03B3.48B3.37B
AllowanceForDoubtfulAccountsReceivable-7.00M-12.00M-6.00M-56.00M
GrossAccountsReceivable3.68B3.04B3.49B3.43B
CashCashEquivalentsAndShortTermInvestments2.29B2.47B3.16B2.96B
CashAndCashEquivalents2.29B2.47B3.16B2.96B
CashEquivalents1.53B759.00M2.32B2.29B
CashFinancial754.00M1.72B840.00M679.00M
Line Item2025-03-312024-03-312023-03-312022-03-31
FreeCashFlow1.07B796.00M315.00M581.00M
RepurchaseOfCapitalStock-1.26B-1.30B-337.00M-686.00M
RepaymentOfDebt-58.00M-409.00M-1.02B-284.00M
IssuanceOfDebt499.00M2.00M718.00M759.00M
IssuanceOfCapitalStock694.00M0.000.00
CapitalExpenditure-438.00M-530.00M-635.00M-443.00M
InterestPaidSupplementalData214.00M226.00M227.00M169.00M
IncomeTaxPaidSupplementalData184.00M243.00M124.00M122.00M
EndCashPosition2.29B2.47B3.29B2.96B
BeginningCashPosition2.47B3.29B2.96B2.64B
EffectOfExchangeRateChanges-31.00M2.00M-18.00M-26.00M
ChangesInCash-154.00M-822.00M348.00M353.00M
FinancingCashFlow-821.00M-1.66B2.00M280.00M
CashFlowFromContinuingFinancingActivities-821.00M-1.66B2.00M280.00M
NetOtherFinancingCharges-5.00M49.00M645.00M491.00M
NetPreferredStockIssuance0.00488.00M0.00
PreferredStockIssuance0.00488.00M0.00
NetCommonStockIssuance-1.26B-1.30B-337.00M-686.00M
CommonStockPayments-1.26B-1.30B-337.00M-686.00M
CommonStockIssuance694.00M0.000.00
NetIssuancePaymentsOfDebt441.00M-407.00M-306.00M475.00M
NetLongTermDebtIssuance441.00M-407.00M-306.00M475.00M
LongTermDebtPayments-58.00M-409.00M-1.02B-284.00M
LongTermDebtIssuance499.00M2.00M718.00M759.00M
InvestingCashFlow-838.00M-492.00M-604.00M-951.00M
CashFlowFromContinuingInvestingActivities-838.00M-492.00M-604.00M-951.00M
NetOtherInvestingChanges11.00M1.00M7.00M11.00M
NetBusinessPurchaseAndSale-426.00M12.00M4.00M-530.00M
SaleOfBusiness12.00M4.00M9.00M0.00
PurchaseOfBusiness-426.00M0.00-539.00M-3.00M
NetPPEPurchaseAndSale-423.00M-505.00M-615.00M-432.00M
SaleOfPPE15.00M25.00M20.00M11.00M
PurchaseOfPPE-438.00M-530.00M-635.00M-443.00M
OperatingCashFlow1.50B1.33B950.00M1.02B
CashFlowFromContinuingOperatingActivities1.50B1.33B950.00M1.02B
ChangeInWorkingCapital-165.00M-251.00M-615.00M-516.00M
ChangeInOtherCurrentLiabilities-789.00M-412.00M1.17B1.07B
ChangeInOtherCurrentAssets-216.00M-297.00M-55.00M-295.00M
ChangeInPayablesAndAccruedExpense630.00M-986.00M-341.00M969.00M
ChangeInPayable630.00M-986.00M-341.00M969.00M
ChangeInAccountPayable630.00M-986.00M-341.00M969.00M
ChangeInInventory1.18B1.10B-974.00M-2.65B
ChangeInReceivables-966.00M339.00M-415.00M398.00M
ChangesInAccountReceivables-601.00M380.00M-388.00M624.00M
OtherNonCashItems145.00M123.00M90.00M76.00M
StockBasedCompensation125.00M152.00M133.00M91.00M
ProvisionandWriteOffofAssets9.00M3.00M-3.00M5.00M
DeferredTax23.00M-480.00M-192.00M-44.00M
DeferredIncomeTax23.00M-480.00M-192.00M-44.00M
DepreciationAmortizationDepletion539.00M537.00M501.00M484.00M
DepreciationAndAmortization539.00M537.00M501.00M484.00M
AmortizationCashFlow100.00M106.00M87.00M75.00M
AmortizationOfIntangibles100.00M106.00M87.00M75.00M
Depreciation439.00M431.00M414.00M409.00M
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations838.00M1.25B1.03B936.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for FLEX
Date User Asset Broker Type Position Size Entry Price Patterns