FLEX LTD.FLEXEarnings & Financial Report
Flex Ltd. is a Singaporean–American multinational manufacturing company. It is the third largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron for what concerns original equipment manufacturers. Flex's U.S. corporate headquarters are located in Austin, Texas. The company has manufacturing operations in over 30 countries, totaling about 172,000 employees.
Revenue
$6.5B
Gross Profit
$531.0M
Operating Profit
$297.0M
Net Profit
$214.0M
Gross Margin
8.1%
Operating Margin
4.5%
Net Margin
3.3%
YoY Growth
-12.4%
EPS
$0.54
FLEX LTD. Q2 FY2025 Financial Summary
FLEX LTD. reported revenue of $6.5B (down 12.4% YoY) for Q2 FY2025, with a net profit of $214.0M (down 6.1% YoY) (3.3% margin). Cost of goods sold was $6.0B, operating expenses totaled $234.0M.
Key Financial Metrics
| Total Revenue | $6.5B |
|---|---|
| Net Profit | $214.0M |
| Gross Margin | 8.1% |
| Operating Margin | 4.5% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
FLEX LTD. Q2 FY2025 revenue of $6.5B breaks down across 3 segments, led by Flex Reliability Solutions FRS at $2.9B (44.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Flex Reliability Solutions FRS | $2.9B | 44.9% |
| Transferred At Point In Time | $2.9B | 44.7% |
| Transferred Over Time | $682.0M | 10.4% |
FLEX LTD. Revenue by Segment — Quarterly Trend
FLEX LTD. revenue by segment across the last 4 reported quarters, showing how each business line (such as Flex Reliability Solutions FRS and Transferred At Point In Time) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Flex Reliability Solutions FRS | $3.2B | $3.0B | $2.9B | $2.9B |
| Transferred At Point In Time | $2.7B | $2.9B | $2.9B | $2.7B |
| Transferred Over Time | $1.1B | $892.0M | $796.0M | $847.0M |
FLEX LTD. Annual Revenue by Year
FLEX LTD. annual revenue history includes year-by-year totals (for example, 2025 revenue was $25.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $25.8B |
| 2024 | $26.4B |
FLEX LTD. Quarterly Revenue & Net Profit History
FLEX LTD. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $7.1B | +7.7% | $239.0M | 3.4% |
| Q2 FY2026 | $6.8B | +4.0% | $199.0M | 2.9% |
| Q1 FY2026 | $6.6B | +4.1% | $192.0M | 2.9% |
| Q4 FY2025 | $6.4B | +42.0% | $222.0M | 3.5% |
| Q3 FY2025 | $6.6B | -7.7% | $263.0M | 4.0% |
| Q2 FY2025 | $6.5B | -12.4% | $214.0M | 3.3% |
| Q1 FY2025 | $6.3B | -13.9% | $139.0M | 2.2% |
| Q4 FY2024 | $4.5B | +8933.3% | $395.0M | 8.8% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.50B | $6.31B | $6.54B | $6.56B | $6.40B | $6.58B | $6.80B | $7.06B |
| YoY Growth | 8933.3% | -13.9% | -12.4% | -7.7% | 42.0% | 4.1% | 4.0% | 7.7% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $18.26B | $17.74B | $18.59B | $18.27B | $18.38B | $19.13B | $19.55B | $20.82B |
| Liabilities | $12.93B | $12.74B | $13.58B | $13.28B | $13.38B | $14.04B | $14.51B | $15.70B |
| Equity | $5.33B | $5.00B | $5.00B | $4.99B | $5.00B | $5.09B | $5.04B | $5.12B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $679.0M | $340.0M | $319.0M | $413.0M | $433.0M | $399.0M | $453.0M | $420.0M |