Inside the research

Flex Ltd.

FLEX Research profile · latest available data

Price overview

$114.68

▲ +2.28 (+2.0%)

52w hi$162.07
52w lo$54.51
Vol3.02M
As of25 Sep 2026

The Verdict

Hold

Our score +0.10

Short-0.48
Medium+0.37
Long+0.70

computed 2026-09-27

Key fundamentals

Flex Ltd.

Technology · Electronic Components

Market cap$42.36B
Enterprise value$45.45B
Trailing P/E44.45x
Forward P/E16.13x
EV / EBITDA21.41x
P / S (ttm)1.45x
Profit margin3.3%
Return on equity18.4%
Revenue growth+20.6%
Earnings growth+52.0%
Debt / equity107.82

Layer Breakdown

LayerRawContribution
Fundamental+0.33
Sector+0.19
Technical-0.23
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power industries in the Americas, Asia, and Europe. The company operates through three segments: Integrated Technology Solutions (ITS), Regulated Manufacturing Solutions (RMS), and Cloud and Power Infrastructure (CPI). The ITS segment offers flexible supply and manufacturing solutions for communications, including high speed networking, enterprise, and satellite communications systems, as well as lifestyle solutions comprising products across commercial, home, and personal product categories. Its RMS segment includes industrial products, such as mission critical automation, energy, and industrial infrastructure; automotive products, including compute and power electronics platforms and integrated systems; and healthcare products comprising regulated manufacturing for medical devices, drug delivery, and equipment. The CPI segment provides cloud and cooling products, such as integrated compute systems supporting power dense digital infrastructure deployments and advanced liquid cooling solutions supporting higher density, power intensive rack architectures; and power products that include utility and facility level electrical infrastructure enabling power delivery and high density rack and board level power systems. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Austin, Texas.

United States · www.flex.com

Risk Metrics

Beta vs SPX2.05
Corr SPX0.57
Annual vol57.6%
Annual ret+78.3%
Sharpe1.36
Max DD-40.0%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$156.38
High / Low$180.00 / $80.00
Median$165.00
Analysts8
Strong Buy3
Buy6
Hold0
Sell0
Strong Sell0

Recent rating actions

2026-05-08Goldman Sachs→ Buy
2026-05-07Keybanc→ Overweight
2026-05-07Barclays→ Overweight
2026-04-20Stifel→ Buy
2026-04-16JP Morgan→ Overweight
2026-03-12Baird→ Outperform

Material Events

DateEvent8-K
2026-08-07Shareholder Vote, Other Material Eventread
2026-07-29Earnings Release, Exhibitsread
2026-07-29Other Material Event, Exhibitsread
2026-06-12Officer / Director Changeread
2026-06-02Material Agreement, Material Obligation…read
2026-05-05Earnings Release, Reg FD Disclosure…read
2026-05-04Material Agreement, Material Obligation…read
2026-03-30Reg FD Disclosure, Exhibitsread
2026-02-04Earnings Release, Exhibitsread
2025-11-13Material Agreement, Other Material Event…read
2025-10-29Earnings Release, Exhibitsread
2025-09-04Other Material Event, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-05WATKINS WILLIAM DGrant1.93K—
2026-08-05WATKINS WILLIAM DGrant820—
2026-08-05WATKINS WILLIAM DGrant410—
2026-08-05Ward PatGrant1.93K—
2026-08-05Ward PatGrant410—
2026-08-05Tan Lay KoonGrant1.93K—
2026-08-05Sylvester MaryroseGrant1.93K—
2026-08-05Sylvester MaryroseGrant410—
2026-08-05Stevens Charles K. IIIGrant1.93K—
2026-08-05Stevens Charles K. IIIGrant1.23K—

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders8
Top-5 share99.8%
HHI5,996 (concentrated)

Top Holders

HolderValueShares
Fidelity / FMR LLC$3.17B19.54M
Citadel Advisors$358.57M2.21M
Capital Research / Capital World$259.52M1.60M
Millennium Management$193.45M1.19M
AQR Capital Management$154.71M954.61K
Bridgewater Associates$5.57M34.39K
Norges Bank (Norway sovereign)$2.69M16.57K
T. Rowe Price Group$383.43K2.37M

As of 2026-06-30

Federal Contracts

AmountAgencyDescription
$49.14MDepartment of Health and Human ServicesMODERN CLAIM ADJUDICATION DEVELOPMENT SERVICES (MCADS)
$23.68MDepartment of the InteriorACF/OHS HEAD START ENTERPRISE SYSTEM (HSES)
$23.31MDepartment of Health and Human ServicesTHE SCORING AND FEEDBACK TEAM SHALL PERFORM ENHANCEMENTS TO SYSTEM MECHANISMS US
$21.21MDepartment of Health and Human ServicesIGF::OT::IGF
$17.26MDepartment of Health and Human ServicesTHE END STAGE RENAL SUPPORT SYSTEM (EQRS) REQUIREMENT DEVELOPS, MAINTAINS, AND E
$13.80MDepartment of DefenseRAPID INTEGRATION WITH CONFIDENCE
$13.45MDepartment of Health and Human ServicesQUALITY PAYMENT PROGRAM FOUNDATIONAL COMPONENTS
$9.41MDepartment of Health and Human ServicesEADG LEGACY SYSTEMS IT MODERNIZATION PLANNING&IMPLEMENTATION

SEC Filings

DateFormDoc
2026-08-074view
2026-08-074view
2026-08-074view
2026-08-078-Kview
2026-08-074view
2026-08-074view
2026-08-074view
2026-08-074view
2026-08-074view
2026-07-3110-Qview
2026-07-31DEFA14Aview
2026-07-30DEFA14Aview
2026-07-29DEFA14Aview
2026-07-29DEFA14Aview
2026-07-29DEFA14Aview

The Long Run

FY 2009–2025 · 16 years

LineLatestCAGRTrend
Revenue$28.50B+1.1%
Gross profit$471.00M-6.1%
Operating income$1.02B+34.8%
Net income$838.00M+11.7%
Cash from ops$950.00M+1.5%

Indices

S&P MidCap 400

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$114.43$120.76$114.25$114.683.02M
Sep 24$109.50$114.10$108.86$112.403.11M
Sep 23$114.07$115.77$111.67$112.303.92M
Sep 22$110.46$114.99$110.01$114.452.73M
Sep 21$110.48$111.97$107.80$111.612.98M

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