Jun 2026 (Q1 FY27) — Jul 29, 2026
Flex Q1 FY27 — Strong Revenue Growth and Margin Expansion Across Segments
Read the full callFlex (FLEX) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
Flex earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 7,928 | +20.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 4.9 | +0.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
32 of 33 judged targets kept · 34 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| CPI segment revenue growth guidance (Q1 FY27) | up 20% to 30% | Mar 2026 | Cloud and Power Infrastructure revenue totaled $2.2 billion, up 35% from the prior year | Achieved |
| Full-year adjusted EPS guidance (FY27) | $4.21 to $4.51 | Mar 2026 | We expect adjusted EPS to be between $4.42 and $4.74 a share, up 39% at the midpoint. | Revised Up |
| Full-year CapEx target (FY26) | approximately 2% of revenue (historical rate) | Mar 2025 | Fourth quarter net CapEx totaled $201 million, bringing full year CapEx to $625 million or approximately 2.2% of revenue. | Missed |
1 of FLEX LTD.'s 67 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 64 more targets are in the full ledger.
Claimed
- Revenue increased 21% year-over-year to $7.9 billion.
- Adjusted EPS grew 39% year-over-year to $1 per share.
- Adjusted operating margin expanded 70 basis points year-over-year to 6.7%.
- Cloud & Power Infrastructure (CPI) segment revenue grew 35% year-over-year.
- Addition to the S&P 500 reflects strategic progress and strength.
Qualified
- Free cash flow conversion guidance for FY27 reduced from 60% to 40% due to spin-off costs.
- One-time cash costs of $24 million related to the spin-off negatively impacted free cash flow.
- Weakness in consumer-related end markets offset strength in the Integrated Technology Solutions (ITS) segment.
Price
$87.54 −3.23% · −$2.92
Performance +40.9% 1Y
1Y: $62.14 on 17 Oct 2025 → $87.54. High $162.07 (30 Jun 2026), low $54.51 (20 Nov 2025).
- Previous close
- $90.46
- 52-week range
- $54.51 – $162.07
- One year
- +39.51%
Overview
- Symbol
- FLEX
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
32 of 33 judged targets kept · 34 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| CPI segment revenue growth guidance (Q1 FY27) | up 20% to 30% | Mar 2026 | Cloud and Power Infrastructure revenue totaled $2.2 billion, up 35% from the prior year | Achieved |
| Full-year adjusted EPS guidance (FY27) | $4.21 to $4.51 | Mar 2026 | We expect adjusted EPS to be between $4.42 and $4.74 a share, up 39% at the midpoint. | Revised Up |
| Full-year CapEx target (FY26) | approximately 2% of revenue (historical rate) | Mar 2025 | Fourth quarter net CapEx totaled $201 million, bringing full year CapEx to $625 million or approximately 2.2% of revenue. | Missed |
Claimed
- Revenue increased 21% year-over-year to $7.9 billion.
- Adjusted EPS grew 39% year-over-year to $1 per share.
- Adjusted operating margin expanded 70 basis points year-over-year to 6.7%.
- Cloud & Power Infrastructure (CPI) segment revenue grew 35% year-over-year.
- Addition to the S&P 500 reflects strategic progress and strength.
Qualified
- Free cash flow conversion guidance for FY27 reduced from 60% to 40% due to spin-off costs.
- One-time cash costs of $24 million related to the spin-off negatively impacted free cash flow.
- Weakness in consumer-related end markets offset strength in the Integrated Technology Solutions (ITS) segment.
The full ledger
Open FLEX LTD.’s full ledger
A free account opens 5 company ledgers a month. All 67 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q4 FY26) — May 6, 2026
Flex Ltd. Q4 FY26 — Record margins alongside announced spin-off of Cloud & Power Infrastructure into a new public company
Read the full callDec 2025 (Q3 FY26) — Feb 4, 2026
Flex Q3 FY26 — Record EPS and Strong Data Center Growth
Read the full callEvery analysed call
Flex earnings calls (FLEX)
Financials
What the filings say
Net profit, year on year: +13% (quarter to mar 2026 against mar 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6,545 | 6,556 | 6,398 | 6,575 | 6,804 | 7,058 | 7,477 | 7,928 |
| Operating profit | 297 | 334 | 305 | 311 | 296 | 389 | 372 | 392 |
| Operating margin | 4.5% | 5.1% | 4.8% | 4.7% | 4.3% | 5.5% | 5.0% | 4.9% |
| Interest | 53 | 57 | 52 | 51 | 52 | 58 | 54 | 60 |
| Profit before tax | 264 | 288 | 279 | 246 | 262 | — | — | — |
| Tax rate | 18.9% | 8.7% | 20.4% | 21.9% | 24.1% | — | — | — |
| Net profit | 214 | 263 | 222 | 192 | 199 | 239 | 250 | — |
| EPS ($ per share) | 0.54 | 0.68 | 0.58 | 0.51 | 0.53 | 0.65 | — | 0.78 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -3,012 | -2,902 | -2,289 | -1,353 | -560 | 446 | 1,284 | 2,164 |
| Total liabilities | 10,526 | 10,859 | 12,400 | 15,118 | 15,701 | 12,932 | 13,379 | 16,916 |
| Fixed assets | 2,336 | 2,216 | 2,097 | 2,125 | 2,342 | 2,269 | 2,330 | 2,505 |
| Total assets | 13,499 | 13,690 | 15,836 | 19,325 | 21,407 | 18,257 | 18,381 | 22,060 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -2,971 | -1,533 | 144 | 1,024 | 950 | 1,326 | 1,505 | 1,685 |
| Cash from investing | 3,253 | 2,279 | -202 | -951 | -604 | -492 | -838 | -672 |
| Cash from financing | -30 | -508 | 743 | 280 | 2 | -1,656 | -821 | -924 |
| Net cash flow | 225 | 226 | 714 | 327 | 330 | -820 | -185 | 100 |
| Capital expenditure | -726 | -462 | -351 | -443 | -635 | -530 | -438 | -633 |
| Free cash flow | -3,697 | -1,995 | -207 | 581 | 315 | 796 | 1,067 | 1,052 |
FLEX revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Integrated Technology Solutions ITS | — | — | — | — | — | — | — | 39% | — |
| Integrated Technology Solutions | — | — | — | — | — | — | — | 39% | — |
| Regulated Manufacturing Solutions RMS | — | — | — | — | — | — | — | 34% | — |
| Regulated Manufacturing Solutions | — | — | — | — | — | — | — | 34% | — |
| Cloud and Power Infrastructure | — | — | — | — | — | — | — | 28% | — |
| Cloud Power Infrastructure CPI | — | — | — | — | — | — | — | 28% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
199 filings between Oct 27, 2025 and Sep 24, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$119.38M
156 sales by 10 insiders
32% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 39
- Award — granted as compensation
Also filed: 3 gifts, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Advaithi Revathi | — | $67.39M | Jun 18, 2026 |
| OFFER DAVID SCOTT | — | $16.06M | Jun 18, 2026 |
| Tan Kwang Hooi | — | $14.66M | Jun 18, 2026 |
| Hartung Michael P | — | $11.87M | Aug 18, 2026 |
| WENDLER DANIEL | — | $2.25M | Jun 18, 2026 |
| Stevens Charles K. III | — | $2.07M | May 8, 2026 |
| Krumm Kevin | — | $1.81M | Jun 15, 2026 |
| HURLSTON MICHAEL E. | — | $1.14M | Nov 26, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 24, 2026 | Oliver George Director | Award | 1,802 | $0 |
| Sep 24, 2026 | Eubanks Richard M. Director | Award | 1,802 | $0 |
| Aug 18, 2026 | Hartung Michael P Chief Commercial Officer | Sale | 1,007 | $120.6K |
| Aug 18, 2026 | Hartung Michael P Chief Commercial Officer | Sale | 1,272 | $153.6K |
| Aug 18, 2026 | Hartung Michael P Chief Commercial Officer | Sale | 8 | $986 |
| Aug 18, 2026 | Advaithi Revathi Chief Executive Officer | Other | 35,051 | $0 |
| Aug 18, 2026 | Hartung Michael P Chief Commercial Officer | Sale | 272 | $33.1K |
| Aug 18, 2026 | Hartung Michael P Chief Commercial Officer | Sale | 196 | $24.0K |
| Aug 5, 2026 | HURLSTON MICHAEL E. Director | Award | 1,928 | $0 |
| Aug 5, 2026 | HURLSTON MICHAEL E. Director | Award | 410 | $0 |
| Aug 5, 2026 | Sylvester Maryrose Director | Award | 410 | $0 |
| Aug 5, 2026 | Ward Pat Director | Award | 1,928 | $0 |
| Aug 5, 2026 | WATKINS WILLIAM D Director | Award | 820 | $0 |
| Aug 5, 2026 | Stevens Charles K. III Director | Award | 1,230 | $0 |
| Aug 5, 2026 | McSweeney Erin Director | Award | 1,928 | $0 |
| Aug 5, 2026 | HARRIS JOHN D Director | Award | 1,928 | $0 |
| Aug 5, 2026 | Stevens Charles K. III Director | Award | 1,928 | $0 |
| Aug 5, 2026 | Sylvester Maryrose Director | Award | 1,928 | $0 |
| Aug 5, 2026 | WATKINS WILLIAM D Director | Award | 410 | $0 |
| Aug 5, 2026 | Tan Lay Koon Director | Award | 1,928 | $0 |
| Aug 5, 2026 | WATKINS WILLIAM D Director | Award | 1,928 | $0 |
| Aug 5, 2026 | Ward Pat Director | Award | 410 | $0 |
| Jul 15, 2026 | WATKINS WILLIAM D Director | Award | 316 | $0 |
| Jul 15, 2026 | HURLSTON MICHAEL E. Director | Award | 174 | $0 |
| Jul 15, 2026 | Tan Lay Koon Director | Award | 101 | $0 |
| Jun 18, 2026 | OFFER DAVID SCOTT EVP, General Counsel | Sale | 4,200 | $610.5K |
| Jun 18, 2026 | OFFER DAVID SCOTT EVP, General Counsel | Sale | 2,249 | $325.8K |
| Jun 18, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 921 | $134.8K |
| Jun 18, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 21,985 | $3.20M |
| Jun 18, 2026 | OFFER DAVID SCOTT EVP, General Counsel | Sale | 208 | $30.4K |
| Jun 18, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 16,282 | $2.36M |
| Jun 18, 2026 | Tan Kwang Hooi Chief Operating Officer | Sale | 5,934 | $862.4K |
| Jun 18, 2026 | Tan Kwang Hooi Chief Operating Officer | Sale | 100 | $14.6K |
| Jun 18, 2026 | WENDLER DANIEL Chief Accounting Officer | Sale | 488 | $71.0K |
| Jun 18, 2026 | Hartung Michael P Chief Commercial Officer | Sale | 100 | $14.6K |
| Jun 18, 2026 | WENDLER DANIEL Chief Accounting Officer | Sale | 17 | $2.5K |
| Jun 18, 2026 | Hartung Michael P Chief Commercial Officer | Sale | 2,368 | $343.1K |
| Jun 18, 2026 | WENDLER DANIEL Chief Accounting Officer | Sale | 806 | $116.9K |
| Jun 18, 2026 | Hartung Michael P Chief Commercial Officer | Sale | 4,801 | $697.9K |
| Jun 18, 2026 | Tan Kwang Hooi Chief Operating Officer | Sale | 2,947 | $426.9K |
| Jun 17, 2026 | OFFER DAVID SCOTT EVP, General Counsel | Sale | 896 | $130.7K |
| Jun 17, 2026 | OFFER DAVID SCOTT EVP, General Counsel | Sale | 10,252 | $1.49M |
| Jun 17, 2026 | OFFER DAVID SCOTT EVP, General Counsel | Sale | 529 | $75.0K |
| Jun 17, 2026 | OFFER DAVID SCOTT EVP, General Counsel | Sale | 4,560 | $652.9K |
| Jun 17, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 1,345 | $200.7K |
| Jun 17, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 240 | $35.4K |
| Jun 17, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 1,374 | $201.8K |
| Jun 17, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 11,239 | $1.64M |
| Jun 17, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 38,857 | $5.64M |
| Jun 17, 2026 | Advaithi Revathi Chief Executive Officer | Sale 10b5-1 plan | 26,204 | $3.77M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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