Financial Performance - Flex reported revenues of $20.4 billion for the nine-month period ended December 31, 2025, compared to $25.8 billion for the fiscal year ended March 31, 2025[133]. - Net sales for the three-month period ended December 31, 2025, totaled $7.1 billion, an increase of $0.5 billion, or 8%, from $6.6 billion in the same period of 2024[142]. - Net sales for the nine-month period ended December 31, 2025, reached $20.4 billion, representing an increase of $1.0 billion, or 5%, from $19.4 billion in the same period of 2024[143]. - Gross profit for the three-month period ended December 31, 2025, increased to $0.7 billion, or 9.6% of net sales, compared to $0.6 billion, or 9.1% of net sales, in the same period of 2024[150]. - Gross profit for the nine-month period ended December 31, 2025, rose to $1.9 billion, or 9.1% of net sales, up from $1.6 billion, or 8.2% of net sales, in the same period of 2024[151]. - Net income for the three-month period ended December 31, 2025, was $239 million, a decrease from $263 million in the same period of 2024, while net income for the nine-month period increased to $630 million from $616 million year-over-year[171]. Regional Sales - Net sales by region for the three-month period ended December 31, 2025, were $3.37 billion (48%) in the Americas, $2.23 billion (32%) in Asia, and $1.45 billion (20%) in Europe[134]. Costs and Expenses - Cost of sales for the three-month period ended December 31, 2025, totaled $6.4 billion, an increase of $0.4 billion, or 7%, from $6.0 billion in the same period of 2024[147]. - Selling, general and administrative expenses for the three-month period ended December 31, 2025, were $0.3 billion, or 3.8% of net sales, an increase of $29 million from the same period in 2024[158]. - Restructuring charges during the three-month period ended December 31, 2025, amounted to $6 million, primarily related to employee severance[157]. - Interest expense for the three-month period ended December 31, 2025, increased to $58 million from $57 million in the same period of 2024[160]. - Other charges, net for the three-month period ended December 31, 2025, were $25 million, compared to $5 million in the same period of 2024, primarily due to an impairment recorded on an investment[163]. Cash Flow and Capital - Cash provided by operating activities was $1.3 billion for the nine-month period ended December 31, 2025, driven by $0.6 billion of net income and $0.4 billion of non-cash charges[173]. - Free cash flow for the nine-month periods ended December 31, 2025, and December 31, 2024, was $848 million and $757 million, respectively[176]. - As of December 31, 2025, cash and cash equivalents totaled approximately $3.1 billion, with bank borrowings of approximately $4.4 billion and a $2.75 billion revolving credit facility with no outstanding borrowings[172]. - Cash used in investing activities was $0.5 billion during the nine-month period ended December 31, 2025, primarily for capital expenditures and a business acquisition[175]. Assets and Liabilities - Flex's property and equipment, net, totaled $2.39 billion as of December 31, 2025, an increase from $2.33 billion as of March 31, 2025[134]. - Net working capital increased by $1.3 billion to $4.3 billion as of December 31, 2025, from $3.0 billion as of March 31, 2025[174]. Strategic Initiatives - Flex's strategy focuses on providing vertically-integrated global supply chain solutions to meet diverse customer needs[124]. - The company operates approximately 100 facilities across 30 countries, serving both multinational and regional customers[133]. - Flex's business model allows for flexibility in reallocating resources to optimize operating results based on customer requirements[126]. - The company activated contingency manufacturing plans and transitioned production to alternative facilities following the missile strike in Ukraine[131]. Risks and Challenges - The ongoing geopolitical conflicts, including the Russia-Ukraine conflict, continue to pose risks and uncertainties affecting business operations and financial performance[130]. - Tariff costs impacted revenues and costs of goods by approximately 1% during the three and nine-month periods ended December 31, 2025[132]. Financing Activities - The company issued $600 million of 5.375% Notes due November 2035 and $150 million of 5.250% Notes due January 2032 during the third quarter of fiscal year 2026[172]. - The company has a share repurchase program authorized for up to $1.7 billion, with $0.7 billion spent on repurchases at an average price of $46.22 per share during the nine-month period[182]. Equity and Affiliates - Equity in losses of unconsolidated affiliates was $1 million during the three-month period ended December 31, 2025, compared to zero in the same period of 2024[165]. - Equity in losses of unconsolidated affiliates was $26 million for the nine-month period ended December 31, 2025, compared to $3 million in the same period of 2024[166]. Taxation - The consolidated effective tax rate was 25% for the three-month period ended December 31, 2025, compared to 9% for the same period in 2024, influenced by various factors including an audit settlement[168].

Key Takeaways FLEX posted Q3 FY26 EPS of 87 cents and revenues of $7.1B, beating estimates on robust AI demand.Flex raised full-year outlook, citing disciplined portfolio management and momentum across end markets.LEX shares fell 11% despite strong results, reflecting worries over AI reliance and macro uncertainty.Flex Ltd. (FLEX) reported third-quarter fiscal 2026 adjusted earnings per share (EPS) of 87 cents, which surpassed the Zacks Consensus Estimate by 10.1%. The bottom line compared favorably with 77 ...

For the quarter ended December 2025, Flex (FLEX) reported revenue of $7.06 billion, up 7.7% over the same period last year. EPS came in at $0.87, compared to $0.77 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.81 billion, representing a surprise of +3.62%. The company delivered an EPS surprise of +10.69%, with the consensus EPS estimate being $0.79.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Flex Ltd. ( FLEX ) just reported its Q3 results , which showed an underwhelming top-line growth but improved profitability, and even a raise in guidance . Even with a double beat and a raise, theMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: I/ ...

Core Viewpoint - Flex Ltd. reported Q3 results showing underwhelming top-line growth but improved profitability and an increase in guidance [1] Financial Performance - The company experienced a double beat in its earnings report, indicating better-than-expected performance in both revenue and earnings [1] - Despite the lack of significant revenue growth, profitability metrics showed improvement, suggesting better cost management or operational efficiency [1] Future Outlook - Flex Ltd. raised its guidance for future performance, indicating management's confidence in the company's trajectory moving forward [1]

Flex logo Small Names, Big Impact: The Stocks Behind NVIDIA’s Rubin Flex (NASDAQ:FLEX) reported third-quarter fiscal 2026 results that exceeded its guidance across all metrics, driven by continued strength in data center-related demand and improving momentum in industrial and health end markets. Management also raised its full-year revenue and earnings outlook at the midpoint and said it expects to exit the fiscal year with “very good momentum.” Quarterly results topped guidance For the quarter, Fl ...

Flex (NasdaqGS:FLEX) Q3 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsJacob Moore - Equity Research AssociateKevin Krumm - CFOMichelle Simmons - SVP of Investor and Public RelationsRevathi Advaithi - CEORuplu Bhattacharya - DirectorSteven Fox - Founder and CEOConference Call ParticipantsMark Delaney - AnalystSamik Chatterjee - Managing Director and Equity Research AnalystOperatorAs a reminder, this call is being recorded. I will now turn the call over to Mrs. Michelle Simmons. You may ...

Financial Data and Key Metrics Changes - Revenue for the third quarter was $7.1 billion, an increase of 8% year-over-year, with adjusted operating margin at 6.5%, marking a record for the company [4][10] - Adjusted EPS rose 13% year-over-year to $0.87, reflecting strong execution [4][10] - Adjusted gross profit was $690 million, with adjusted gross margin improving to 9.8%, up 50 basis points year-over-year [10] Business Line Data and Key Metrics Changes - Reliability Solutions revenue reached $3.2 billion, up 10% year-over-year, with adjusted operating margin at 7.2%, up 50 basis points [11] - Agility Solutions revenue totaled $3.8 billion, up 6% year-over-year, with adjusted operating margin remaining at 6.3% [11][12] - Strong growth in data center-related markets was noted, while consumer-related markets showed softness [11][36] Market Data and Key Metrics Changes - The data center market is experiencing strong growth driven by AI workloads, with Flex positioned to support this demand through integrated solutions [5][6] - Health Solutions and core industrial markets are also seeing robust demand, particularly in medical devices and warehouse automation [7][8] Company Strategy and Development Direction - The company is focused on expanding its global footprint and investing in advanced technologies to manage complexities across industries [8] - Flex aims to be a strategic enabler for brands, helping them navigate complexities and improve performance [9] - The company is shifting towards higher-value, more complex product categories to drive margin improvement [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory of data centers and the overall business, with expectations for continued strong performance [20][21] - The company anticipates further investments in compute capacity due to upcoming AI programs, while maintaining a balanced approach to power and compute investments [20][21] - Management highlighted the importance of speed, flexibility, and resilience in adapting to market changes [8] Other Important Information - The company expects full-year revenue to be between $27.2 billion and $27.5 billion, with adjusted EPS guidance of $3.21 to $3.27 per share [15] - Cash flow for the quarter was $275 million, with a commitment to maintaining an investment-grade balance sheet [13][14] Q&A Session Summary Question: Opportunities in Data Center Growth - Management noted strong growth in both power and compute segments, with a focus on investments in both areas [20][21] Question: Operating Margin Ceiling - Management indicated that margins are expected to continue improving, with a focus on higher-margin segments [24][25][26] Question: Differentiation Between Embedded and Critical Power - Both segments are experiencing strong growth, with embedded power benefiting from technology shifts [32][33] Question: Agility Solutions Revenue Guidance - Management clarified that growth in agility is strong, driven by data center-related infrastructure, despite softness in consumer markets [36] Question: Impact of Amazon Warrant Deal - Management stated that the Amazon warrant deal is not expected to materially impact FY 2026 results [40][41] Question: Reliability Segment Margins - Strong margins in the reliability segment are attributed to mix impacts and growth in power and core industrial businesses [42][43] Question: U.S. Manufacturing Trends - Management refuted claims of U.S. manufacturing retreat, citing ongoing investments and customer demand [55][56] Question: Automotive Market Trends - Stabilization in the automotive sector is noted, with growth driven by investments in compute platforms rather than unit volume [60][61] Question: Effects of Rising Memory Prices - Management indicated that memory price increases are not significantly affecting demand in consumer markets, as procurement is handled by customers [63][64]

Flex (NasdaqGS:FLEX) Q3 2026 Earnings call February 04, 2026 08:30 AM ET Speaker2As a reminder, this call is being recorded. I will now turn the call over to Mrs. Michelle Simmons. You may begin.Speaker1Thank you, Rob. Good morning, and thank you for joining us today for Flex's third quarter fiscal 2026 earnings conference call. With me today is our Chief Executive Officer, Revathi Advaithi, and Chief Financial Officer, Kevin Crum. We'll give brief remarks followed by Q&A. Slides for today's call, as well a ...

Flex (FLEX) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +10.69%. A quarter ago, it was expected that this electronics designer and manufacturer would post earnings of $0.75 per share when it actually produced earnings of $0.79, delivering a surprise of +5.33%.Over the last four qu ...