FLEX

Flex Ltd.NASDAQ · Electronic Manufacturing Services · Information Technology

Previous close

86.48

Change

−6.59 / −7.08%

FinDog View

Bullish

52-Week Range ?

53.07 – 166.86

P/E (TTM) ?

32.6

Forward P/E ?

19.7

Based on consensus earnings for the next 12 months

Market Cap

$31.7B

−21.37%

S&P 500 −0.91% over same period

Volume / Avg Volume

4.4M / 8.5M

0.52× average

Latest earnings analysisFY2027 Q1Reported 2026-07-29

Flex Q1 FY27: revenue up 21% to $7.93 billion, record adjusted EPS of $1.00

Flex beat on both lines and raised full-year guidance: revenue rose 21% to $7.93 billion and adjusted EPS of $1.00 topped the $0.93 consensus. The catch is cash quality — free cash flow fell to $41 million and buybacks stopped as acquisitions were funded with new debt. Read the quarter as a growth story with a balance-sheet bill attached.

Read the full analysis →

Revenue$7.93BYoY +20.60%

EPS (non-GAAP)$1.00Beatest. $0.93

Next-quarter revenue guidance$8.10B ±1.85%YoY +2.20%

Next-day move+8.63%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 38.71M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2027 Q1 Quarter ended 2026-06	2026-07-29	$7.9B	1.00 / 0.93	+8.63%	Read analysis →
FY2026 Q4 Quarter ended 2026-03	2026-05-05	$27.9B	0.93 / 0.89	+39.69%	Pending
FY2026 Q3 Quarter ended 2025-12	2026-02-04	$7.1B	0.87 / 0.80	+2.24%	Pending
FY2026 Q2 Quarter ended 2025-09	2025-10-29	$6.8B	0.79 / 0.77	−3.19%	Pending
FY2026 Q1 Quarter ended 2025-06	2025-07-24	$6.6B	0.72 / —	+0.64%	Pending
FY2025 Q4 Quarter ended 2025-03	2025-05-07	$6.4B	0.73 / —	+1.50%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-02-02

in 93 days · time TBD

Consensus EPS

$1.24

Last quarter EPS $1.00

Avg. next-day move over the last 6 reports

±9.3%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 83 of its 5-year rangeExpensive

5-year range 13.0 – 56.8 · Median 17.7

Last 4 quarters: $400M in buybacks + $0 in dividends, 1.26% of market cap combined

P/E (TTM)

32.6

P/B

6.2

P/S

1.1

PEG

1.51

Earnings Reaction

Over the last 6 reports, the stock moved ±9.3% on average on the first trading day after, rising 5 times

Most recent +8.63%

Guidance Credibility

Of the last 4 next-quarter revenue guides, 4 were met; actual results averaged 4.3% above guidance

Volatility & Correlation

1-year beta 3.17 · Correlation with S&P 500 0.56High beta

Annualized volatility 73% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 1 · $0.33MNet selling $0.33M

08-18Hartung Michael PChief Commercial OfficerSell$0.33M2,755 shares · 5 trades · Avg price 120.64

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2027 Q2	8.49	+24.8%	9.7%	0.41	—	0.26	0.70
FY2027 Q1	7.93	+20.6%	9.5%	0.39	—	0.04	0.76
FY2026 Q4	7.48	+16.9%	9.8%	0.37	0.25	0.21	0.67
FY2026 Q3	7.06	+7.7%	9.7%	0.39	0.24	0.27	0.64
FY2026 Q2	6.80	+4.0%	9.2%	0.30	0.20	0.30	0.52
FY2026 Q1	6.58	+4.1%	8.9%	0.31	0.19	0.27	0.50
FY2025 Q4	6.40	+3.7%	—	0.31	0.22	0.32	0.57
FY2025 Q3	6.56	+2.1%	9.2%	0.33	0.26	0.30	0.67
FY2025 Q2	6.55	−5.6%	8.4%	0.30	0.21	0.22	0.54
FY2025 Q1	6.31	−8.4%	7.7%	0.23	0.14	0.23	0.34
FY2024 Q4	6.17	−11.7%	—	0.16	0.40	0.60	0.93
FY2024 Q3	6.42	−11.5%	7.7%	0.20	0.20	0.15	0.45

Peers

Largest by market cap in the sector · Latest quarterView Information Technology sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
FLEX	Flex Ltd.	$31.7B	32.6	+24.8%	9.7%	−21.37%	Bullish
NVDA	Nvidia	$4.90T	25.8	+105.9%	75.0%	−10.39%	Bullish	Compare
AAPL	Apple Inc.	$5.05T	39.3	+16.4%	50.1%	+3.49%	Bullish	Compare
MSFT	Microsoft	$3.87T	27.2	+18.8%	67.8%	+1.76%	Bullish	Compare
AVGO	Broadcom	$1.55T	40.4	+85.5%	69.1%	−7.15%	Bullish	Compare
MU	Micron Technology	$989B	11.8	+379.3%	86.8%	−16.93%	Bullish	Compare
AMD	Advanced Micro Devices	$817B	143.0	+50.1%	53.8%	−17.48%	Bullish	Compare
INTC	Intel	$339B	—	+20.9%	43.0%	−45.30%	Bullish	Compare
PLTR	Palantir Technologies	$444B	156.5	+92.8%	84.7%	−1.57%	Bullish	Compare

The View in One Line

Revenue 7.93B record, up 20.6%, EPS 0.76 beat, guidance raised on AI infrastructure; but margin fell to 9.5% and cash flow is weak.

Updated 2026-10-30

View History

09-17Neutral → Bullish
Revenue $7.93B record, adj EPS beat, guidance raised, AI infrastructure driven, but cash flow weak.

Notable Institutional Holders

Citadel Advisors · Ken Griffin$225MAdded +62%
Third Point · Dan Loeb$167M
Bridgewater Associates · Ray Dalio$5.6MReduced −39%

As of 2026-06-30

ETFs holding it

MTUM iShares MSCI USA Momentum Factor ETF0.23%
XLK Technology Select Sector SPDR Fund0.20%
RSP Invesco S&P 500 Equal Weight ETF0.12%
VUG Vanguard Growth ETF0.05%
VOO Vanguard S&P 500 ETF0.05%
SPY SPDR S&P 500 ETF Trust0.05%
IVV iShares Core S&P 500 ETF0.05%
VTI Vanguard Total Stock Market ETF0.04%

Weights estimated at latest prices

Key Events

10-14M&A / Contracts
Flex closes EPC Power acquisition, borrows $1.1 billion bridge loan
Flex completed its acquisition of EPC Power on October 14, 2026, and borrowed $1.1 billion under a bridge term loan facility maturing October 13, 2027.Source ↗
10-13Capital Actions
Flex Amends Amazon Warrant Tied to Cloud Unit Spin-Off
Flex amended its August 2025 Amazon warrant for 3,859,851 shares at $51.29, issuing a Spinco warrant in the planned Axiom separation.Source ↗
10-05M&A / Contracts
Flex's Axiom Spin-Off Secures $2 Billion Preferred Investment
Flex and Axiom signed an agreement for investors to buy 200,000 Series A convertible preferred shares at $10,000 each, totaling $2 billion, to support the spin-off.Source ↗
10-02Capital Actions
Flex Signs $3.3 Billion 364-Day Senior Term Loan Credit Agreement
On September 29, 2026, Flex entered into a $3.3 billion senior term loan credit facility to fund part of the cash consideration for its acquisition of EPC Power Corp.Source ↗
09-15Management Change
Flex Appoints Two New Directors and Advances Business Separation
On September 11, Flex appointed George R. Oliver and Mark Eubanks as independent directors, effective September 24; Amy B. Schwetz will join on October 5 and is slated to become CFO of the separated company.Source ↗
09-04M&A / Contracts
Flex to Acquire EPC Power for $4.4 Billion
Flex signed an agreement on September 3 to acquire all equity of EPC Power for $4.4 billion in cash, expected to close in Q4 2026, and will be integrated into its Cloud and Power Infrastructure business.Source ↗
08-07Capital Actions
Flex Shareholders Approve 20% Buyback Authorization and Director Re-Election
At its August 5, 2026 annual meeting, shareholders re-elected 9 directors, ratified Deloitte as auditor for fiscal 2027, and approved a buyback authorization of up to 20% of shares; the board also authorized a buyback program of up to $2 billion.Source ↗
07-29Management Change
Flex Announces Executive Appointments for Two Companies Following Spin-Off
On July 29, Flex provided an update on the spin-off of its cloud and power infrastructure business, announcing key leadership positions for the two companies, with appointments contingent on completion of the spin-off.Source ↗

Key Financial Trends

Quarterly Revenue ($B)8.5

Gross Margin9.7%

Free Cash Flow ($B)0.3