FLEX Stock - Flex Ltd.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $25.81B | $26.41B | $28.50B | $24.63B | $24.12B |
| Gross Profit | $2.16B | $1.86B | $1.98B | $1.78B | $1.69B |
| Gross Margin | 8.4% | 7.1% | 6.9% | 7.2% | 7.0% |
| Operating Income | $1.17B | $853.00M | $1.02B | $890.00M | $795.00M |
| Net Income | $838.00M | $1.01B | $793.00M | $936.00M | $613.00M |
| Net Margin | 3.2% | 3.8% | 2.8% | 3.8% | 2.5% |
| EPS | $2.14 | $2.31 | $1.75 | $1.97 | $1.23 |
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 11th 2025 | Stifel | Resumed | Buy | $52 |
| October 22nd 2024 | KeyBanc Capital Markets | Initiation | Overweight | $41 |
| July 25th 2024 | Craig Hallum | Upgrade | Buy | $39 |
| May 2nd 2024 | Craig Hallum | Downgrade | Hold | $27 |
| September 7th 2023 | Barclays | Initiation | Overweight | $35 |
| July 5th 2023 | JP Morgan | Resumed | Overweight | $30 |
| August 17th 2022 | Credit Suisse | Initiation | Outperform | $24 |
| May 18th 2022 | Argus | Upgrade | Buy | $22 |
Earnings History & Surprises
FLEXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $0.78 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.75 | $0.79 | +4.8% | ✓ BEAT |
Q3 2025 | Jul 24, 2025 | $0.63 | $0.72 | +14.3% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.69 | $0.73 | +5.0% | ✓ BEAT |
Q1 2025 | Jan 29, 2025 | $0.64 | $0.77 | +20.3% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.56 | $0.64 | +14.3% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $0.41 | $0.51 | +23.9% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $0.55 | $0.57 | +2.9% | ✓ BEAT |
Q1 2024 | Jan 31, 2024 | $0.62 | $0.71 | +14.5% | ✓ BEAT |
Q4 2023 | Oct 25, 2023 | $0.58 | $0.68 | +17.2% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $0.51 | $0.57 | +11.8% | ✓ BEAT |
Q2 2023 | May 10, 2023 | $0.51 | $0.60 | +17.6% | ✓ BEAT |
Q1 2023 | Jan 25, 2023 | $0.60 | $0.62 | +3.3% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $0.51 | $0.63 | +23.5% | ✓ BEAT |
Q3 2022 | Jul 27, 2022 | $0.49 | $0.54 | +10.2% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.44 | $0.52 | +18.2% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $0.42 | $0.50 | +19.0% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $0.40 | $0.48 | +20.0% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.38 | $0.46 | +21.1% | ✓ BEAT |
Latest News
Flex shares are trading higher after Goldman Sachs maintained a Buy rating on the stock and raised its price target from $67 to $74.
📈 PositiveGoldman Sachs Maintains Buy on Flex, Raises Price Target to $74
📈 PositiveReported Earlier, Flex And LG Collaborate On Modular Liquid And Air Cooling Technologies To Tackle AI-Era Data Center Heat Challenges
📈 PositiveJP Morgan Maintains Overweight on Flex, Raises Price Target to $75
📈 PositiveGoldman Sachs Maintains Buy on Flex, Raises Price Target to $73
📈 PositiveKeybanc Maintains Overweight on Flex, Raises Price Target to $75
📈 PositiveFLEX stock has given up its prior loss. Flex shares were trading lower.
➖ NeutralFlex shares are trading lower. The company reported Q2 financial results.
📉 NegativeFlex Raises FY2026 Adj EPS Guidance from $2.86-$3.06 to $3.09-$3.17 vs $3.04 Est; Raises FY2026 Sales Guidance from $25.900B-$27.100B to $26.700B-$27.300B vs $26.711B Est
📈 PositiveFlex Sees Q3 Adj EPS $0.74-$0.80 vs $0.77 Est; Sees Sales $6.650B-$6.950B vs $6.769B Est
📈 PositiveFlex Q2 Adj. EPS $0.79 Beats $0.75 Estimate, Sales $6.804B Beat $6.684B Estimate
📈 PositiveFlex Rolls Out Platform For Data Centers To Support AI, HPC
📈 PositiveKeybanc Maintains Overweight on Flex, Raises Price Target to $70
📈 PositiveB of A Securities Maintains Buy on Flex, Raises Price Target to $65
📈 PositiveFlex Files For Offer And Resale From Time To Time, By Selling Securityholders Of Up To 3.86M Ordinary Shares
➖ NeutralFlex Confirms Missile Strike At Mukachevo Facility; Emergency Protocols Executed, Injuries Reported, Business Continuity Plan Activated
📉 NegativeFrequently Asked Questions about FLEX
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