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FLEX LTD.FLEX

Sector
Other
Industry
Printed Circuit Boards
Exchange
Nasdaq

Stock Price $FLEX

Latest filings

You are here#58 of 67 in Technology by market cap

Filing record · 2016–202610-K1210-Q328-K144

FLEX filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Aug ’17Aug ’17
  2. Restructuring8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Jan ’22Jan ’22
  4. Material agreement8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $27.91B
YoY changeLargest recent move+15.7%in FY23Latest +8.1%

1 older move runs past ±20% (largest −22.1%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2026Click a bar to open its SEC filing

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All FLEX Financial Metrics58 metrics

Income Statement15

Balance Sheet25

Cash Flow14

Per Share4

02—Overview

FLEX LTD. Financial Overview 2022–2026

Updated Jul 10, 2026

Flex Ltd. just proved it is no longer a traditional electronics manufacturer by posting a massive 38% growth in its Cloud and Power Infrastructure segment during FY2026, capturing the explosive wave of AI and data center demand. This performance cements the core investment thesis: by aggressively pruning lower-margin operations and executing strategic spin-offs, Flex is engineering a structurally leaner, higher-margin technology services powerhouse.

While top-line revenue experienced a modest overarching climb from $26.0 billion in FY2022 to $27.9 billiona in FY2026, the underlying profitability shifted dramatically. Flex drove its gross margin to 9.2% in FY2026, up from 8.4% in FY2025, largely due to a better product mix and operational efficiencies. The company simultaneously executed rigorous capital returns, repurchasing $944 million in ordinary shares during FY2026 and actively shrinking its share count. With plans to separate its cloud infrastructure unit into an independent public company by Q1 2027, Flex continues to actively optimize its portfolio.

The market has rapidly repriced this transformation. At the close of FY2025, the stock traded at $33.08b with a multiple of 15.7x earnings and a market cap of $12.5 billion. By the end of FY2026, Wall Street rewarded the company's strategic pivot into AI infrastructure, sending the stock to $65.46 and expanding the valuation to a 28.1x P/E ratio, nearly doubling the company's market capitalization to $23.9 billion.

Recent Developments (Q3 and Q4 2026)

Flex expanded its power infrastructure capabilities by acquiring Electrical Power Products, Inc. in May 2026, funded through a newly secured $1.45 billionc senior term loan facility maturing in November 2027. This addition follows Q3 2026, where net sales grew 8% year-over-year to $7.1 billion. During the same quarter, operating income climbed to $389 million, though net income dipped to $239 million following a $19 million tax audit settlement. Bulls will emphasize the company’s customer diversification, as no single client exceeds 10% of total revenue. Conversely, bears might argue the stock is priced for perfection, looking richly valued at a 56.4x P/E ratio as of May 20, 2026.

What to watch: integration progress of the Electrical Power Products acquisition; localized operational impacts following a $51 milliond asset impairment from a strike on the company's Ukraine facility.

03—Filings

Recent SEC Filings

  1. 8-KFLEX LTD. 8-K Report, Material Agreement (Oct 5, 2026)Flex Ltd. (FLEX) has filed an 8-K detailing a significant Series A Convertible Preferred Stock Investment Agreement for its soon-to-be-spun-off Cloud and Power Infrastructure business, Axiom Solutions International, Inc. (Axiom). The agreement involves investors, including General Catalyst, purchasing $2 billion worth of Axiom's Series A Convertible Preferred Stock at $10,000 per share. This investment is strategically linked to Flex's planned acquisition of EPC Power Corp., which is expected to be integrated into Axiom prior to its spin-off in Q1 2027. Flex is providing a guarantee for Axiom's redemption obligations related to this preferred stock, with specific redemption prices and potential payouts in either cash or Flex Ordinary Shares if the spin-off doesn't occur by December 31, 2027.
  2. 8-KFLEX LTD. 8-K Report, Material Agreement (Oct 2, 2026)Flex Ltd. has entered into a new Credit Agreement for a $3.3 billion senior term loan credit facility, effective September 29, 2026. This facility, provided by a syndicate of lenders led by Citibank, N.A., is intended to help finance a portion of the cash consideration for the previously announced acquisition of EPC Power Corp., along with related fees and expenses. While the facility was undrawn at closing, it provides Flex with significant liquidity, maturing 364 days after funding. The Credit Agreement includes customary covenants, such as restrictions on debt incurrence and asset disposals, and requires Flex to maintain specific Debt/EBITDA and Interest Coverage Ratios. This new credit facility effectively reduces by dollar-for-dollar the commitments under Flex's existing $4.4 billion 364-day bridge facility. Notably, the new facility is not guaranteed by any Flex subsidiary initially, though subsidiaries can be added as guarantors. The company has also included a cautionary statement regarding forward-looking statements, particularly concerning a planned spin-off of its cloud and power infrastructure business into an independent entity named Axiom Solutions International, Inc. This spin-off is subject to various conditions and potential risks, including regulatory approvals and market reception.
  3. 8-KFLEX LTD. 8-K Report, Executive Changes (Sep 15, 2026)Flex Ltd. (FLEX) has filed an 8-K report detailing two significant corporate developments. Firstly, the company announced the appointment of George R. Oliver and Mark Eubanks as independent directors to its Board, effective September 24, 2026. Both will receive standard compensation for non-management directors, including annual cash and restricted stock unit awards, and are covered by the company's indemnification and D&O insurance policies. Secondly, and of greater strategic importance to investors, Flex provided an update on its planned separation of its cloud and power infrastructure business into a new publicly traded entity, Axiom Solutions International, Inc. The company announced the anticipated board composition for both Flex and Axiom post-separation, and importantly, revealed that Amy B. Schwetz is set to join Flex as CFO of specific segments on October 5, 2026, and will assume the CFO role for the entire company after the spin-off is completed. The filing also includes a cautionary statement regarding forward-looking information related to the spin-off, highlighting potential risks and uncertainties.
  4. 8-KFLEX LTD. 8-K Report, Material Agreement (Sep 4, 2026)Flex Ltd. (Flex) has announced a significant strategic move through a definitive agreement to acquire EPC Power Corp. for $4.4 billion in cash. This acquisition is slated to bolster Flex's Cloud and Power Infrastructure business segment, which is itself earmarked for a spin-off into an independent publicly traded company in the first quarter of 2027. The "locked box" mechanism in the purchase agreement fixes EPC Power's enterprise value as of June 30, 2026, with customary provisions to prevent value leakage before closing. The company has also secured a $4.4 billion senior unsecured 364-day bridge loan facility to finance the transaction, with plans to replace this short-term debt with a combination of debt and equity financing. The acquisition is anticipated to close in the fourth quarter of 2026, contingent on regulatory approvals, including HSR clearance. This transaction represents a substantial investment and a pivotal step in Flex's strategy to enhance its business structure and unlock shareholder value through the intended spin-off.
  5. 8-KFLEX LTD. 8-K Report, Shareholder Vote Results (Aug 7, 2026)Flex Ltd. (FLEX) held its 2026 Annual General Meeting on August 5, 2026, where shareholders re-elected all nine director nominees and re-appointed Deloitte & Touche LLP as the independent auditor for the 2027 fiscal year. The meeting also saw the approval, on an advisory basis, of executive compensation and a general authorization for the Board of Directors to allot and issue Ordinary Shares. Crucially for investors, shareholders approved the renewal of the Share Purchase Mandate, allowing Flex to acquire up to 20% of its outstanding Ordinary Shares. Following this shareholder approval, the Company announced that its Board of Directors has authorized management to continue its share repurchase plan, with an aggregate amount not to exceed $2.0 billion. These repurchases will be executed in the open market, subject to market conditions and regulatory compliance, and do not commit the company to a specific number of shares.
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04—See also

Related Companies

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