Flex Ltd. (FLEX) AI Stock Analysis

Flex Ltd. is a global provider of design, engineering, manufacturing, and supply chain services to original equipment manufacturers across Asia, the Americas, and Europe. The company operates through three segments: Flex Agility Solutions, Flex Reliability Solutions, and Nextracker. It delivers technologies including human-machine interface, internet of things platforms, power solutions, sensor fusion, and smart audio. Through Nextracker, Flex supplies integrated solar tracker and software solutions for utility-scale and distributed generation projects. Additionally, Flex manufactures power adapters, chargers, and supplies, while providing systems assembly, enclosures, testing, and forward and after-market logistics services across computing, industrial, automotive, and medical markets.

Flex generated revenue of $24.63B in FY2022, which rose 15.7% to $28.50B in FY2023 before contracting 7.3% to $26.41B in FY2024 and 2.3% to $25.81B in FY2025. In FY2026, revenue rebounded 8.1% to $27.91B, reflecting a 5-year revenue CAGR of 3.0% from FY2021 to FY2026. Gross margin expanded from 7.2% in FY2022 to 9.2% in FY2026, while operating margin rose to 5.4%. Net income was $880.0M in FY2026 with diluted EPS of $3.31. For the trailing twelve months ended June 30, 2026, revenue reached $29.27B. In the latest quarter ended June 30, 2026, quarterly revenue grew 20.6% year-over-year and quarterly earnings rose 52.0%.

As of June 30, 2026, Flex held $2.84B in cash and short-term investments against total debt of $5.93B, resulting in net debt of $3.09B. Total assets stood at $25.20B, shareholders' equity was $5.50B, and the current ratio was 1.38, alongside a debt-to-equity ratio of 1.08. In FY2026, operating cash flow reached $1.69B and free cash flow was $1.05B. Capital expenditures totaled $633.0M, and the company spent $944.0M on share buybacks, contributing to a 5-year share count reduction of 21.1%.

Flex has a market capitalization of $33.42B and an enterprise value of $44.60B. The stock trades at a trailing P/E of 38.7x and a forward P/E of 24.2x, compared to medians of 30.8x and 20.3x for its S&P 500 Technology peers. Its enterprise value-to-EBITDA multiple is 21.7x versus the peer median of 19.5x, while its price-to-sales of 1.1x sits below the peer median of 6.3x. Over the past year, FLEX shares returned 42.8%, outperforming the 16.8% return of the S&P 500 (SPY). Over five years, the stock returned 530.5% compared to 83.0% for the index.

Wall Street analysts covering Flex hold 8 Strong Buy and 3 Buy ratings, with zero Hold, Sell, or Strong Sell recommendations. The mean price target is $159.60, representing a 76.4% premium over the last close of $90.46 on October 16, 2026. For the fiscal year ending March 31, 2027, consensus estimates project EPS of $4.71, representing 42.6% growth, on revenue of $34.67B. Flex beat EPS estimates in 3 of the last 4 quarters. The company's next earnings date is October 28, 2026.

This page is an AI-written research summary of Flex Ltd. (FLEX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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