FLEX LTD. Earnings Per Share Disclosure
| Fiscal Year Ended March 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
| (In millions, except per share amounts) | |||||||||||||||||
| Numerator: | |||||||||||||||||
| Net income from continuing operations | $ | 880 | $ | 838 | $ | 872 | |||||||||||
| Net income from discontinued operations, net of tax (Note 7) | — | — | 373 | ||||||||||||||
| Less: Net income attributable to noncontrolling interest (Note 7) | — | — | 239 | ||||||||||||||
| Net income from discontinued operations attributable to Flex Ltd. (Note 7) | — | — | 134 | ||||||||||||||
| Total net income attributable to Flex Ltd. | $ | 880 | $ | 838 | $ | 1,006 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average ordinary shares outstanding - basic | 371 | 391 | 435 | ||||||||||||||
| Weighted-average ordinary share equivalents from RSU awards (1) | 7 | 7 | 6 | ||||||||||||||
| Weighted-average ordinary shares and ordinary share equivalents outstanding - diluted | 378 | 398 | 441 | ||||||||||||||
| Earnings per share - basic | |||||||||||||||||
| Continuing operations | $ | 2.37 | $ | 2.14 | $ | 2.00 | |||||||||||
| Discontinued operations, net of tax (Note 7) | — | — | 0.31 | ||||||||||||||
| Total attributable to the shareholders of Flex Ltd. | $ | 2.37 | $ | 2.14 | $ | 2.31 | |||||||||||
| Earnings per share - diluted | |||||||||||||||||
| Continuing operations | $ | 2.33 | $ | 2.11 | $ | 1.98 | |||||||||||
| Discontinued operations, net of tax (Note 7) | — | — | 0.30 | ||||||||||||||
| Total attributable to the shareholders of Flex Ltd. | $ | 2.33 | $ | 2.11 | $ | 2.28 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 20, 2026 | Showing above |
| 2025 | May 21, 2025 | |
| 2024 | May 17, 2024 | |
| 2023 | May 19, 2023 | |
| 2022 | May 20, 2022 | |
| 2021 | May 19, 2021 | |
| 2020 | May 28, 2020 | |
| 2019 | May 21, 2019 | |
| 2018 | Jun 14, 2018 | |
| 2017 | May 16, 2017 | |
| 2016 | May 20, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.