FLEX
Flex Ltd.65.01
-2.80-4.13%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Power splits, capacity shifts detailed
Q&A drilled into data center power splits, spotlighting embedded power's edge in 800V DC tech shifts with few rivals, while critical power hinges on execution. Management flagged heavier power capacity capex this year, shifting toward compute ramps next, and credited networking/NICs—not in data center metrics—for Agility upside offsetting consumer weakness. No FY26 lift from Amazon warrants; Reliability's 7.2% margins stemmed from power mix and core industrial strength. Auto gained program clarity for compute wins. Few rivals chase embedded shifts. Bulls eye Investor Day for margin paths.
Key Stats
Market Cap
24.31BP/E (TTM)
28.64Basic EPS (TTM)
2.27Dividend Yield
0%Recent Filings
8-K
Flex agrees $1.1B EP2 buyout
Flex entered a definitive agreement on March 30, 2026, to acquire Electrical Power Products for $1.1 billion all-cash, netting $1.0 billion after $0.1 billion tax benefits. EP2, with $323 million FY2026 revenue and mid-to-high-teens adjusted EBITDA margins, bolsters Flex's critical power portfolio in grid modernization and electrification. Deal accretes adjusted EPS in first full year post-close in Q1 FY2027. Regulatory clearance required.
10-Q
Q3 FY2026 results
Flex posted Q3 FY2026 net sales of $7.1B, up 8% y/y from $6.6B, with gross profit climbing to $679M (9.6% margin, +50bps y/y) on favorable mix and efficiencies; operating income rose 16% y/y to $389M while FAS and FRS segments delivered steady 6.3% and 7.2% margins. Diluted EPS dipped to $0.64 from $0.67 amid higher taxes and other charges, reconciling to 376M shares; YTD sales hit $20.4B (+5% y/y), net income $630M. Cash swelled to $3.1B with FCF at $848M (derived), total debt $4.4B including new 2035/2032 notes, and $2.75B revolver undrawn. Acquired Poland site for $35M (FRS), recognizing $8M goodwill. Share repurchases totaled $744M YTD. Ukraine missile strike hit $46M in impairments.
8-K
Flex beats Q3, raises FY guide
Flex Ltd. reported Q3 fiscal 2026 net sales of $7.1 billion, up 8% year-over-year, beating guidance with record GAAP operating margin of 5.5% and adjusted margin of 6.5%. Adjusted EPS hit a record $0.87. It raised full-year guidance to $27.2-27.5 billion sales and $3.21-3.27 adjusted EPS. Margins impress.
8-K
Flex closes $750M notes
Flex Ltd. completed a $750M notes issuance on November 13, 2025—$150M of 5.250% notes due 2032 reopening its prior tranche, plus $600M of 5.375% notes due 2035. Senior unsecured obligations carry optional redemptions and change-of-control repurchases. Notes bolster long-term capital access amid limited covenants.
10-Q
Q2 FY2026 results
Flex posted Q2 FY2026 net sales of $6.8B, up 4% y/y from $6.5B, with gross profit climbing to $614M (9.0% margin, +90bps y/y) on favorable mix in cloud and power despite $41M Ukraine missile strike hit. Operating income held steady at $296M while FAS and FRS segments grew sales 4% and 3% y/y. YTD sales rose 4% to $13.4B, net income to $391M ($1.03 diluted EPS on 381M shares), cash flow from operations $852M (FCF $573M derived). Cash sits at $2.2B with $3.7B debt (4.6% rate); repurchased $544M shares. FAS and FRS each topped 40% of sales. Geopolitical disruptions shadow supply chains.
IPO
Website
Employees
Sector
Industry
ARW
Arrow Electronics, Inc.
112.76-0.70
BHE
Benchmark Electronics, Inc.
45.60-1.60
CLS
Celestica, Inc.
288.87-14.11
ELTK
Eltek Ltd.
9.10+0.06
FLXS
Flexsteel Industries, Inc.
42.40-0.11
FN
Fabrinet
451.16-18.86
FXCND
FIH Mobile Ltd
25.22+0.00
JBL
Jabil Inc.
212.56-8.65
PLXS
Plexus Corp.
154.12-5.60
TEL
TE Connectivity plc
226.91-3.79