FLEX

FLEX LTD.

Ticker: FLEXTechnologyElectronic Equipment
HQ AUSTIN, TXCIK 866374FY end 03-31Book / share $14.71Shares 374M
Revenue (FY)
$27.91B+8.14%
TTM $29.27B
Op. margin
4.90%+0.37%
TTM 4.95%
Net income
$880.00M+5.01%
TTM $973.00M
Operating cash
$1.69B+11.96%
TTM $1.56B
Free cash flow
$1.05B-1.41%
TTM $826.00M
Return on equity
18.29%+1.50%
TTM 17.69%
Debt / equity
0.73-0.01%
TTM 0.95
Shares outstanding
378.0M-5.03%
TTM 374.0M

The business

Flex Ltd. (NASDAQ: FLEX) is an advanced, end-to-end manufacturing partner that helps customers design, build, deliver, and manage products across diverse industries. The company operates through approximately 150,000 employees across more than 100 facilities in approximately 30 countries on four continents, providing global scale and regional strength in manufacturing services and supply chain solutions.

The company's business is organized into three reportable segments. Integrated Technology Solutions serves communications, high-speed networking, enterprise, satellite communications, and lifestyle markets. Regulated Manufacturing Solutions focuses on industrial automation, energy infrastructure, automotive, and healthcare applications requiring precision and compliance. Cloud and Power Infrastructure, the company's newest segment, delivers integrated compute systems, power, and cooling technologies supporting large-scale cloud, data center, and AI-enabled infrastructure deployments.

Flex provides comprehensive end-to-end services including design and engineering, supply chain management, manufacturing, value-added fulfillment and forward logistics, and aftermarket services. The company specializes in printed circuit board assembly, systems integration, and advanced manufacturing capabilities spanning low-volume high-complexity programs to high-volume production. Its power, thermal, and compute infrastructure offerings support critical applications including critical power products, embedded power systems, thermal management, and rack-level infrastructure.

In fiscal year 2026, the company's ten largest customers accounted for 45 percent of net sales, with no single customer exceeding 10 percent of revenues. The company maintains a balanced global manufacturing footprint with 44 percent of net sales from North America, 20 percent from Europe, 16 percent from China, and 20 percent from other regions.

Flex's competitive strengths include global scale with regional capabilities, long-standing diverse customer relationships, cross-industry synergies, and cost-efficient manufacturing operations including self-contained industrial parks. The company announced in May 2026 its intention to separate into two independent publicly traded companies, with the Cloud and Power Infrastructure segment separating from the advanced manufacturing and supply chain solutions business, targeted for completion in the first quarter of 2027.

The company website is https://www.flex.com.

Sector
Technology
Industry
Electronic Equipment
HQ
AUSTIN, TX
FY end
03-31
CIK
866374
SIC
3672
Financial performance · annual
20142026
$-3.03B$6.07B$15.17B$24.28B$33.38B2014201520162017201820192020202120222023202420252026TTMTTMTTM

Ownership

Who holds FLEX LTD. — across funds, superinvestors and bonds · N-PORT 2026Q1 · 13F 2026-03-31

219
funds hold it
1 of 36
superinvestors hold it
$6.16B
fund-held value
25.7%
of shares held by funds
6
bond issues held by funds

Top fund holders

Fund% of fundValue
Janus Henderson Enterprise Fund
JAENX · JANUS INVESTMENT FUND
3.77%$770.27M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%$764.50M
VANGUARD CAPITAL OPPORTUNITY FUND
VHCOX · VANGUARD HORIZON FUNDS
2.83%$696.07M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.34%$554.96M
VANGUARD PRIMECAP CORE FUND
VPCCX · VANGUARD FENWAY FUNDS
2.97%$401.90M

Superinvestors in FLEX LTD.

Chris BloomstranUNCHANGED
Semper Augustus Investments Group
<0.1%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 6 issues of FLEX LTD.'s debt, $901.12M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 5.10%, maturing 20262035.

IssueCouponMaturesFundsFund-held
Flex Ltd5.250%2032-01-1574$202.45M
Flex Ltd5.375%2035-11-1385$191.14M
Flex Ltd4.875%2030-05-1246$184.83M
Flex Ltd4.875%2029-06-1560$148.80M
Flex Ltd6.000%2028-01-1551$102.13M
FLEX LTD3.750%2026-02-0111$71.77M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of FLEX LTD.'s financials

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