Flex Ltd.
66.10+1.84 (+2.86%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · FLEX · USD
Key Stats
Market Cap
24.72BP/E (TTM)
29.12Basic EPS (TTM)
2.27Dividend Yield
0%Recent Filings
8-K
Prospectus supplement filed
Flex Ltd. filed a prospectus supplement on September 4, 2025, to its automatic shelf registration on Form S-3, enabling potential securities offerings. The filing includes a legal opinion from Allen & Gledhill LLP affirming the shares' validity. This positions Flex to tap capital markets swiftly. No offering details disclosed yet.
8-K
Flex issues Amazon warrant
Flex Ltd. issued a warrant to Amazon's subsidiary on August 15, 2025, allowing purchase of up to 3,859,851 ordinary shares at $51.29 each, tied to qualifying payments under their commercial arrangements. Vesting hinges on Amazon's spending with Flex, while the warrant expires August 15, 2030, with cashless exercise and anti-dilution protections. This deepens their partnership, yet dilutes Flex shareholders if fully exercised. Amazon gains strategic leverage.
8-K
Flex approves $1.7B buyback
Flex Ltd. shareholders at the August 6, 2025 Annual General Meeting re-elected all nine directors, re-appointed Deloitte & Touche LLP as auditors for fiscal 2026, and approved executive compensation on an advisory basis. They also authorized the board to issue shares and renew a mandate for repurchasing up to 20% of outstanding Ordinary Shares. The board greenlit a $1.7 billion repurchase program, to be executed in open markets under SEC Rule 10b-18, depending on market conditions. This signals confidence in capital allocation. Repurchases remain flexible.
10-Q
Q1 FY2026 results
Flex Ltd. reported strong Q1 FY2026 results, with net sales rising 4% year-over-year to $6.6 billion, driven by 10% growth in Flex Agility Solutions from data center demand, though offset by declines in consumer devices and FRS segments. Gross margin expanded 120 basis points to 8.7%, reflecting favorable mix and operational efficiencies, while operating income grew to $311 million from $233 million, boosting net income to $192 million or $0.50 per diluted share from $139 million or $0.34 per share. FAS segment sales surged 10% to $3.7 billion with a 120 basis point margin improvement to 6.5%, fueled by CEC demand, while FRS dipped 2% to $2.9 billion but gained 100 basis points to 6.0% margin. Cash from operations reached $399 million, supporting $268 million in adjusted free cash flow, with total debt at $3.7 billion after drawing a $500 million term loan and repaying notes; liquidity remains solid at $2.2 billion in cash equivalents and a $2.75 billion revolving facility post-quarter. Completed a $35 million Polish acquisition adding $8 million goodwill to FRS, and entered a $2.75 billion credit facility in July 2025.
8-K
Flex Q1 sales up 4%
Flex Ltd. reported Q1 fiscal 2026 net sales of $6.6 billion, up from $6.3 billion last year, with GAAP operating income rising to $311 million from $233 million. Adjusted EPS hit $0.72, fueled by high-growth areas like data centers and power, while acquisitions bolster its end-to-end services. Guidance points to Q2 revenue of $6.5-6.8 billion and full-year adjusted EPS of $2.86-3.06. Yet macroeconomic risks loom large.
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