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 |
| Vol | 3.02M |
| As of | 25 Sep 2026 |
The Verdict
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/E | 44.45x |
| Forward P/E | 16.13x |
| EV / EBITDA | 21.41x |
| P / S (ttm) | 1.45x |
| Profit margin | 3.3% |
| Return on equity | 18.4% |
| Revenue growth | +20.6% |
| Earnings growth | +52.0% |
| Debt / equity | 107.82 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 2.05 |
|---|---|
| Corr SPX | 0.57 |
| Annual vol | 57.6% |
| Annual ret | +78.3% |
| Sharpe | 1.36 |
| 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 |
| Analysts | 8 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 6 | |
| Hold | 0 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-08 | Goldman Sachs | → Buy |
| 2026-05-07 | Keybanc | → Overweight |
| 2026-05-07 | Barclays | → Overweight |
| 2026-04-20 | Stifel | → Buy |
| 2026-04-16 | JP Morgan | → Overweight |
| 2026-03-12 | Baird | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-07 | Shareholder Vote, Other Material Event | read |
| 2026-07-29 | Earnings Release, Exhibits | read |
| 2026-07-29 | Other Material Event, Exhibits | read |
| 2026-06-12 | Officer / Director Change | read |
| 2026-06-02 | Material Agreement, Material Obligation… | read |
| 2026-05-05 | Earnings Release, Reg FD Disclosure… | read |
| 2026-05-04 | Material Agreement, Material Obligation… | read |
| 2026-03-30 | Reg FD Disclosure, Exhibits | read |
| 2026-02-04 | Earnings Release, Exhibits | read |
| 2025-11-13 | Material Agreement, Other Material Event… | read |
| 2025-10-29 | Earnings Release, Exhibits | read |
| 2025-09-04 | Other Material Event, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-05 | WATKINS WILLIAM D | Grant | 1.93K | — | |
| 2026-08-05 | WATKINS WILLIAM D | Grant | 820 | — | |
| 2026-08-05 | WATKINS WILLIAM D | Grant | 410 | — | |
| 2026-08-05 | Ward Pat | Grant | 1.93K | — | |
| 2026-08-05 | Ward Pat | Grant | 410 | — | |
| 2026-08-05 | Tan Lay Koon | Grant | 1.93K | — | |
| 2026-08-05 | Sylvester Maryrose | Grant | 1.93K | — | |
| 2026-08-05 | Sylvester Maryrose | Grant | 410 | — | |
| 2026-08-05 | Stevens Charles K. III | Grant | 1.93K | — | |
| 2026-08-05 | Stevens Charles K. III | Grant | 1.23K | — |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 99.8% |
| HHI | 5,996 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $3.17B | 19.54M |
| Citadel Advisors | $358.57M | 2.21M |
| Capital Research / Capital World | $259.52M | 1.60M |
| Millennium Management | $193.45M | 1.19M |
| AQR Capital Management | $154.71M | 954.61K |
| Bridgewater Associates | $5.57M | 34.39K |
| Norges Bank (Norway sovereign) | $2.69M | 16.57K |
| T. Rowe Price Group | $383.43K | 2.37M |
As of 2026-06-30
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $49.14M | Department of Health and Human Services | MODERN CLAIM ADJUDICATION DEVELOPMENT SERVICES (MCADS) |
| $23.68M | Department of the Interior | ACF/OHS HEAD START ENTERPRISE SYSTEM (HSES) |
| $23.31M | Department of Health and Human Services | THE SCORING AND FEEDBACK TEAM SHALL PERFORM ENHANCEMENTS TO SYSTEM MECHANISMS US |
| $21.21M | Department of Health and Human Services | IGF::OT::IGF |
| $17.26M | Department of Health and Human Services | THE END STAGE RENAL SUPPORT SYSTEM (EQRS) REQUIREMENT DEVELOPS, MAINTAINS, AND E |
| $13.80M | Department of Defense | RAPID INTEGRATION WITH CONFIDENCE |
| $13.45M | Department of Health and Human Services | QUALITY PAYMENT PROGRAM FOUNDATIONAL COMPONENTS |
| $9.41M | Department of Health and Human Services | EADG LEGACY SYSTEMS IT MODERNIZATION PLANNING&IMPLEMENTATION |
SEC Filings
The Long Run
FY 2009–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $114.43 | $120.76 | $114.25 | $114.68 | 3.02M |
| Sep 24 | $109.50 | $114.10 | $108.86 | $112.40 | 3.11M |
| Sep 23 | $114.07 | $115.77 | $111.67 | $112.30 | 3.92M |
| Sep 22 | $110.46 | $114.99 | $110.01 | $114.45 | 2.73M |
| Sep 21 | $110.48 | $111.97 | $107.80 | $111.61 | 2.98M |
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