Flex Ltd.
FLEX- Exchange
- Nasdaq
- Industry
- Printed Circuit Boards
- SEC CIK
- 0000866374
In the last 90 days, Flex Ltd. insiders filed 0 open-market purchases and 1 sale; 1,127 institutions reported holding it in 13F filings for Q2 2026, worth $56.1B in total; superinvestors Third Point and Maverick Capital hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 31, 2026, 1:10 AM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2026! | FY2025! | FY2024! | FY2023! | FY2022 |
|---|---|---|---|---|---|
| Period end | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | May 5, 2026 | May 7, 2025 | May 1, 2024 | May 10, 2023 | May 4, 2022 |
| Revenue | $27.9B | $25.8B | $26.4B | $30.3B | $26.0B |
| Cost of revenue | $25.3B | $23.6B | $24.4B | $28.1B | $24.1B |
| Gross profit | $2.57B | $2.16B | $1.86B | $2.27B | $1.93B |
| Selling, general and administrative | $1.05B | $904.0M | $922.0M | $995.0M | $892.0M |
| Operating income | $1.37B | $1.17B | $853.0M | $1.18B | $972.0M |
| Interest expense | $197.0M | $185.0M | $207.0M | $187.0M | $153.0M |
| Income tax | $263.0M | $185.0M | -$206.0M | -$59.0M | $105.0M |
| Net income | $880.0M | $838.0M | $1.01B | $793.0M | $936.0M |
| EPS, basic | $2.37 | $2.14 | $2.31 | $1.75 | $1.97 |
| EPS, diluted | $2.33 | $2.11 | $2.28 | $1.72 | $1.94 |
| Weighted shares, basic | 371.0M | 391.0M | 435.0M | 454.0M | 476.0M |
| Weighted shares, diluted | 378.0M | 398.0M | 441.0M | 462.0M | 483.0M |
| Margins and growth | |||||
| Gross margin | 9.2% | 8.4% | 7.1% | 7.5% | 7.4% |
| Operating margin | 4.9% | 4.5% | 3.2% | 3.9% | 3.7% |
| Net margin | 3.2% | 3.2% | 3.8% | 2.6% | 3.6% |
| Revenue growth, year over year | +8.1% | −2.3% | −13.0% | +16.5% | +7.9% |
| Net income growth, year over year | +5.0% | −16.7% | +26.9% | −15.3% | +52.7% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | May 5, 2026 | May 7, 2025 | May 1, 2024 | May 10, 2023 | May 4, 2022 |
| Cash and equivalents | $2.39B | $2.29B | $2.47B | $3.29B | $2.96B |
| Accounts receivable | $4.68B | $3.67B | $3.03B | $3.74B | $3.37B |
| Inventory | $5.84B | $5.07B | $6.21B | $7.53B | $6.58B |
| Total current assets | $16.3B | $12.8B | $13.0B | $16.0B | $14.3B |
| Property, plant and equipment | $2.50B | $2.33B | $2.27B | $2.35B | $2.13B |
| Goodwill | $1.37B | $1.34B | $1.14B | $1.34B | $1.34B |
| Intangible assets | $283.0M | $343.0M | $245.0M | $316.0M | $411.0M |
| Total assets | $22.1B | $18.4B | $18.3B | $21.4B | $19.3B |
| Accounts payable | $8.05B | $5.15B | $4.47B | $5.93B | $6.25B |
| Short-term debt | $0 | $1.21B | $0 | $150.0M | $949.0M |
| Total current liabilities | $12.0B | $9.85B | $8.54B | $10.9B | $10.7B |
| Long-term debt | $3.75B | $2.48B | $3.26B | $3.69B | $3.25B |
| Total liabilities | $16.9B | $13.4B | $12.9B | $15.7B | $15.1B |
| Shareholders' equity | $5.14B | $5.00B | $5.33B | $5.71B | $4.13B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | May 5, 2026 | May 7, 2025 | May 1, 2024 | May 10, 2023 | May 4, 2022 |
| Operating cash flow | $1.69B | $1.50B | $1.33B | $950.0M | $1.02B |
| Capital expenditures | $633.0M | $438.0M | $530.0M | $635.0M | $443.0M |
| Free cash flow | $1.05B | $1.07B | $796.0M | $315.0M | $581.0M |
| Stock-based compensation | $142.0M | $125.0M | $152.0M | $133.0M | $91.0M |
| Share buybacks | $944.0M | $1.26B | $1.30B | $337.0M | $686.0M |
| Investing cash flow | -$672.0M | -$838.0M | -$492.0M | -$604.0M | -$951.0M |
| Financing cash flow | -$924.0M | -$821.0M | -$1.66B | $2.00M | $280.0M |
| Net change in cash | $100.0M | -$185.0M | -$820.0M | $330.0M | $327.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.5% | 0.5% | 0.6% | 0.4% | 0.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 23, 2026 | 369.5M | −0.1% | SEC |
| Jul 24, 2026 | 369.4M | −1.6% | SEC |
| May 14, 2026 | 366.4M | −1.9% | SEC |
| Jan 30, 2026 | 367.7M | −4.0% | SEC |
| Oct 24, 2025 | 369.8M | −4.6% | SEC |
| Jul 18, 2025 | 375.3M | −5.5% | SEC |
| May 15, 2025 | 373.3M | −7.1% | SEC |
| Jan 24, 2025 | 383.1M | −9.0% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.