FLEX LTD.

Listed Company

FLEXCIK 0000866374NasdaqLarge AcceleratedPrinted Circuit BoardsU0FY ends Mar 31

Period

FY 2026

Revenue

$27.91B

Net Income

$880.00M

Total Assets

$22.06B

Equity

$5.14B

Shares Out

366.38M

Op. Cash Flow

$1.69B

Business

FLEX LTD. is an advanced, end-to-end manufacturing partner that helps customers design, build, deliver and manage innovative products across diverse industries. It offers design and engineering, supply chain, manufacturing, post-production and post-sale services, plus a portfolio of proprietary power and cooling products. The company operates two reportable segments — Flex Agility Solutions (communications, enterprise/cloud, lifestyle, consumer devices) and Flex Reliability Solutions (industrial, automotive, health solutions). Flex serves global markets through approximately 100 locations in about 30 countries, providing regional manufacturing, logistics and digital supply chain channels.

Summary from filing dated 2025-05-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Net sales	27,914	25,813	26,415
Cost of sales	25,288	23,584	24,395
Restructuring charges	59	70	155
Gross profit	2,567	2,159	1,865
Selling, general and administrative expenses	1,052	904	922
Restructuring and impairment charges	79	16	20
Intangible amortization	68	70	70
Operating income	1,368	1,169	853
Interest expense	215	218	207
Interest income	51	61	56
Other charges (income), net	−30	14	−44
Equity in earnings (losses) of unconsolidated affiliates	−31	−3	8
Income from continuing operations before income taxes	1,143	1,023	666
Provision for (benefit from) income taxes	263	185	−206
Net income from continuing operations	880	838	872
Net income from discontinued operations, net of tax	0	0	373
Net income	880	838	1,245
Net income attributable to noncontrolling interest	0	0	239
Net income attributable to Flex Ltd.	880	838	1,006
Earnings per share - basic	—	—	—
Basic earnings per share from continuing operations (in dollars per share)	2.37	2.14	2
Basic earnings per share from discontinued operations (in dollars per share)	0	0	0.31
Basic earnings per share attributable to the shareholders of Flex Ltd (in dollars per share)	2.37	2.14	2.31
Earnings per share - diluted	—	—	—
Diluted earnings per share from continuing operations (in dollars per share)	2.33	2.11	1.98
Diluted earnings per share from discontinued operations (in dollars per share)	0	0	0.3
Diluted earnings per share attributable to the shareholders of Flex Ltd (in dollars per share)	2.33	2.11	2.28
Weighted-average shares used in computing per share amounts:	—	—	—
Basic (in shares)	371	391	435
Diluted (in shares)	378	398	441

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
ASSETS	—	—
Current assets:	—	—
Cash and cash equivalents	2,389	2,289
Accounts receivable, net of allowance for doubtful accounts	4,679	3,671
Contract assets	1,063	616
Inventories	5,845	5,071
Other current assets	2,356	1,194
Total current assets	16,332	12,841
Property and equipment, net	2,505	2,330
Operating lease right-of-use assets, net	659	562
Goodwill	1,369	1,341
Other intangible assets, net	283	343
Other non-current assets	912	964
Total assets	22,060	18,381
LIABILITIES AND SHAREHOLDERS' EQUITY	—	—
Current liabilities:	—	—
Bank borrowings and current portion of long-term debt	0	1,209
Accounts payable	8,055	5,147
Accrued payroll and benefits	671	560
Deferred revenue and customer working capital advances	2,156	1,957
Other current liabilities	1,134	977
Total current liabilities	12,016	9,850
Long-term debt, net of current portion	3,751	2,483
Operating lease liabilities, non-current	565	456
Other non-current liabilities	584	590
Total liabilities	16,916	13,379
Commitments and contingencies (Note 14)	—	—
Shareholders' equity	—	—
Ordinary shares, no par value; 371,241,931 and 383,369,073 issued, and 365,690,291 and 377,817,433 outstanding as of March 31, 2026 and 2025, respectively	3,347	4,142
Treasury stock, at cost; 5,551,640 shares	200	200
Accumulated earnings	2,164	1,284
Accumulated other comprehensive loss	−167	−224
Total shareholders' equity	5,144	5,002
Total liabilities and shareholders' equity	22,060	18,381

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Cash flows from operating activities:	—	—	—
Net income	880	838	1,245
Adjustments to reconcile net income to net cash provided by operating activities:	—	—	—
Depreciation	457	439	431
Amortization and other impairment charges	106	100	106
Other non-cash income	−80	−3	16
Non-cash lease expense	148	142	139
Stock-based compensation	142	125	152
Deferred income taxes	1	23	−480
Changes in operating assets and liabilities, net of acquisitions:	—	—	—
Accounts receivable	979	601	−380
Contract assets	435	365	41
Inventories	742	−1,176	−1,105
Other current and noncurrent assets	1,169	216	297
Accounts payable	2,858	630	−986
Other current and noncurrent liabilities	338	−789	−412
Net cash provided by operating activities	1,685	1,505	1,326
Cash flows from investing activities:	—	—	—
Purchases of property and equipment	633	438	530
Proceeds from the disposition of property and equipment	8	15	25
Acquisitions of businesses, net of cash acquired	40	405	0
Proceeds from divestiture of businesses, net of cash held in divested businesses	−4	−21	12
Other investing activities, net	3	−11	−1
Net cash used in investing activities	−672	−838	−492
Cash flows from financing activities:	—	—	—
Proceeds from bank borrowings and long-term debt	1,251	499	2
Repayments of bank borrowings and long-term debt	1,217	58	409
Payments for repurchases of ordinary shares	944	1,257	1,298
Proceeds from issuances of Nextracker shares	0	0	552
Payment for purchase of Nextracker LLC units from TPG	0	0	57
Capital reduction from Nextracker spin-off	0	0	368
Other financing activities, net	−14	−5	−78
Net cash (used in) provided by financing activities	−924	−821	−1,656
Effect of exchange rates on cash	11	−31	2
Net (decrease) increase in cash and cash equivalents	100	−185	−820
Cash and cash equivalents, end of year	—	—	—
Cash and cash equivalents, end of year	—	—	—

Filings

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