Flex Ltd. (FLEX) KPIs and segments
FLEXNasdaqPrinted Circuit BoardsFiscal year ends March 31
Financials through Q2 FY2027, quarter ended Sep 25, 2026Last filing: 10-Q on Oct 30, 2026Score 10/3027% above fair value
$74.98−3.14 (-4.02%)
Close on Nov 13, 2026Market cap $27.70BP/E 27.1Yield –
KPIs & segments
Operating metrics and segments that drive Flex's business · fiscal year ends March 31
Flex KPIs at a glance: 55 operating metrics, including Consolidated Net Sales, Consolidated Net Sales — Transferred Over Time and Cloud and Power Infrastructure (CPI), drawn from 211 source documents, alongside revenue by segment, product and region from SEC filings. Each figure links to the document it came from. All metrics shows the full sheet; Core narrows it to segments and headline KPIs. The segment tables also offer a trailing-twelve-month view.
The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.
Flex's fiscal year ends March 31 — Q2 FY27 = CQ3 2026 (calendar quarter).
Periods
Segments, headline KPIs and every operating metric from filings, earnings releases and presentations.
| Add to chart | Metric | Q2 FY27 CQ3 2026 | Q1 FY27 CQ2 2026 | Q4 FY26 CQ1 2026 | Q3 FY26 CQ4 2025 | Q2 FY26 CQ3 2025 | Q1 FY26 CQ2 2025 | Q4 FY25 CQ1 2025 | Q3 FY25 CQ4 2024 | Q2 FY25 CQ3 2024 | Q1 FY25 CQ2 2024 | Q4 FY24 CQ1 2024 | Q3 FY24 CQ4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Flex Agility Solutions($M) | 3,818 | 3,766 | 3,691 | 3,504 | 3,599 | 3,606 | 3,365 | 3,239 | 3,465 | ||||
ITS($M) | 3,306 | 3,056 | 2,720 | 2,558 | |||||||||
FRS($M) | 3,240 | 3,038 | 2,884 | 2,894 | 2,957 | 2,939 | 2,949 | 2,930 | 2,956 | ||||
RMS($M) | 2,677 | 2,670 | 2,454 | 2,391 | |||||||||
Regulated Manufacturing Solutions($M) | 2,677 | 2,670 | 2,454 | 2,391 | |||||||||
CPI($M) | 2,508 | 2,202 | 1,630 | 1,626 | |||||||||
Cloud and Power Infrastructure($M) | 2,508 | 2,202 | 1,630 | 1,626 | |||||||||
Earlier reporting (last reported 2023)1 | |||||||||||||
Cloud and Power Infrastructure($M) | 268 | 214 | 136 | 155 | |||||||||
Flex Agility Solutions($M) | 239 | 227 | 240 | 230 | 227 | 218 | 179 | ||||||
FRS($M) | 233 | 197 | 172 | 180 | 198 | 159 | 147 | ||||||
ITS($M) | 181 | 158 | 144 | 131 | |||||||||
Regulated Manufacturing Solutions($M) | 172 | 176 | 144 | 126 | |||||||||
Cloud and Power Infrastructure($M) | 330 | 274 | 186 | 198 | |||||||||
Regulated Manufacturing Solutions($M) | 265 | 267 | 232 | 209 | |||||||||
ITS($M) | 248 | 225 | 214 | 195 | |||||||||
Earlier reporting (last reported 2024)3 | |||||||||||||
Consolidated Net Sales — Transferred at a Point in Time($M) | 4,125 | 4,588 | 4,684 | 4,729 | 4,843 | 4,754 | 4,605 | 4,809 | 5,161 | 5,506 | 5,580 | 5,944 | |
Consolidated Net Sales — Transferred Over Time($M) | 4,366 | 3,340 | 2,793 | 2,329 | 1,961 | 1,821 | 1,793 | 1,747 | 1,384 | 808 | 589 | 477 | |
Cloud and Power Infrastructure (CPI) — Segment Adjusted Operating Income($M)4 | 268 | 214 | 182 | 136 | 155 | ||||||||
CPI Segment Adjusted Operating Margin(%) | 10.7% | 9.7% | 9.9% | ||||||||||
CPI Segment Operating Income YoY Growth (Published)(%) | 97.0% | 38.0% | 30.0% | ||||||||||
CPI Segment Net Sales (Presentation Basis, $B) | 2.50 | 2.20 | 1.80 | ||||||||||
CPI Segment Net Sales YoY Growth (Published)(%) | 54.0% | 35.0% | 31.0% | ||||||||||
Regulated Manufacturing Solutions (RMS) — Segment Adjusted Operating Income($M)4 | 172 | 176 | 180 | 144 | 126 | ||||||||
RMS Segment Adjusted Operating Margin(%) | 6.4% | 6.6% | 6.6% | ||||||||||
RMS Segment Operating Income YoY Growth (Published)(%) | 19.0% | 40.0% | 29.0% | ||||||||||
RMS Segment Net Sales (Presentation Basis, $B) | 2.70 | 2.70 | 2.70 | ||||||||||
RMS Segment Net Sales YoY Growth (Published)(%) | 9.0% | 12.0% | 13.0% | ||||||||||
Integrated Technology Solutions (ITS) — Segment Adjusted Operating Income($M)4 | 181 | 158 | 147 | 144 | 131 | ||||||||
ITS Segment Adjusted Operating Margin(%) | 5.5% | 5.2% | 5.0% | ||||||||||
ITS Segment Operating Income YoY Growth (Published)(%) | 26.0% | 21.0% | 13.0% | ||||||||||
ITS Segment Net Sales (Presentation Basis, $B) | 3.30 | 3.10 | 2.90 | ||||||||||
ITS Segment Net Sales YoY Growth (Published)(%) | 22.0% | 20.0% | 13.0% | ||||||||||
Consolidated Non-GAAP Adjusted Operating Income($M)5 | 607 | 534 | 500 | 460 | 409 | 395 | 396 | 399 | 358 | 306 | 333 | 477 | |
Consolidated Non-GAAP Adjusted Operating Margin(%) | 7.1% | 6.7% | 6.7% | 6.5% | 6.0% | 6.0% | 6.2% | 6.1% | 5.5% | 4.8% | 5.4% | 4.9% | |
Consolidated Non-GAAP Adjusted Gross Profit($M) | 842 | 761 | 737 | 690 | 632 | 596 | 602 | 610 | 554 | 495 | 532 | 500 | |
Consolidated Non-GAAP Adjusted Gross Margin(%) | 9.9% | 9.6% | 9.9% | 9.8% | 9.3% | 9.1% | 9.4% | 9.3% | 8.5% | 7.8% | 8.6% | 7.8% | |
Consolidated Non-GAAP Adjusted Net Income($M) | 443 | 374 | 348 | 326 | 300 | 274 | |||||||
Consolidated Non-GAAP Adjusted Diluted EPS($) | 1.18 | 1 | 0.93 | 0.87 | 0.79 | 0.72 | 0.73 | 0.77 | 0.64 | 0.51 | 0.71 | ||
Management Financial Guidance — Next-Quarter Net Sales (Low)($M)9 | 8,870 | 7,950 | 7,350 | 6,750 | |||||||||
Next-Quarter Net Sales Guidance (High)($M) | 9,170 | 8,250 | 7,650 | 7,050 | |||||||||
Next-Quarter Adjusted Operating Income Guidance (Low)($M) | 685 | 535 | 469 | 445 | |||||||||
Next-Quarter Adjusted Operating Income Guidance (High)($M) | 715 | 565 | 499 | 475 | |||||||||
Next-Quarter Adjusted Diluted EPS Guidance (Low)($) | 1.19 | 1 | 0.86 | 0.83 | |||||||||
Next-Quarter Adjusted Diluted EPS Guidance (High)($) | 1.25 | 1.07 | 0.92 | 0.89 | |||||||||
Full-Year Fiscal 2027 Net Sales Guidance (Low)($M) | 34,900 | 33,700 | 32,300 | ||||||||||
Full-Year Fiscal 2027 Net Sales Guidance (High)($M) | 35,900 | 35,200 | 33,800 | ||||||||||
Full-Year Fiscal 2027 Adjusted Diluted EPS Guidance (Low)($) | 4.84 | 4.42 | 4.21 | ||||||||||
Full-Year Fiscal 2027 Adjusted Diluted EPS Guidance (High)($) | 5.16 | 4.74 | 4.51 | ||||||||||
Flex Agility Solutions (FAS) — Net Sales (Legacy through FY2026)($M)3 | 4,000 | 3,818 | 3,766 | 3,691 | 3,504 | 3,599 | 3,606 | 3,365 | 3,239 | 3,465 | |||
Flex Reliability Solutions (FRS) — Net Sales (Legacy through FY2026)($M)3 | 3,500 | 3,240 | 3,038 | 2,884 | 2,894 | 2,957 | 2,939 | 2,949 | 2,930 | 2,956 | |||
Customer Working Capital Advances($M) | 2,000 | 1,700 | 1,800 | 1,500 | 1,500 | 1,500 | 1,600 | 1,600 | 1,800 | 1,900 | 2,200 | 1,900 | |
Customer-Controlled Inventory Held at Flex Facilities($M) | 1,500 | 1,500 | 1,300 | 924 | 768 | ||||||||
Customer-Related Accruals (Other Current Liabilities)($M) | 1,200 | 498 | 355 | 374 | 304 | 281 | 246 | 226 | 245 | 242 | 277 | 248 | |
Contract Assets (Unbilled Over-Time Manufacturing WIP)($M) | 1,443 | 1,386 | 1,063 | 881 | 819 | 751 | 616 | 633 | 595 | 457 | 249 | 604 | |
Contract Liabilities (Deferred Revenue — Total)($M)1 | 538 | 441 | 431 | 456 | 429 | 450 | 377 | 355 | 372 | 395 | 490 | 755 | |
Contract Liabilities — Current Portion($M) | 489 | 370 | 362 | 418 | 392 | 406 | 347 | 314 | 334 | 355 | 449 | 180 | |
Flex-Controlled Inventory — Raw Materials($M)2 | 6,281 | 5,471 | 4,834 | 4,447 | 4,189 | 4,176 | 4,092 | 4,332 | 4,569 | 4,858 | 5,045 | 5,303 | |
Flex-Controlled Inventory — Work-in-Progress (WIP)($M) | 451 | 457 | 474 | 462 | 536 | 516 | 485 | 465 | 460 | 516 | 623 | 697 | |
Flex-Controlled Inventory — Finished Goods($M) | 591 | 525 | 537 | 640 | 545 | 516 | 494 | 473 | 437 | 465 | 537 | 815 | |
Trade Accounts Receivable Sold to Third-Party Banks (Factoring Volume)($M)2 | 600 | 600 | 800 | 600 | 800 | 900 | 1,000 | 900 | 1,000 | 1,100 | 1,000 | 900 | |
Factored Receivables Sold and Not Yet Collected (Period-End Balance)($M) | 400 | 600 | 500 | 600 | 700 | 700 | 700 | 700 | 700 | 900 | 800 | 900 | |
Confirmed Supplier Finance Program Obligations (ASC 405-50)($M) | 187 | 134 | 154 | 129 | 136 | 131 | 119 | 127 | 133 | 129 | 123 | 194 | |
Strategic Customer Warrant Contra-Revenue Amortization (Amazon Warrant)($M) | 3 | 3 | 7 | 3 | 2 | ||||||||
Operating Lease ROU Assets Obtained in Exchange for Lease Liabilities($M) | 107 | 177 | 20 | 1 | 54 | 152 | 26 | 43 | 23 | 14 | 36 | 21 | |
Consolidated Net Sales (GAAP)($M)7 | 8,491 | 7,928 | 7,477 | 7,058 | 6,804 | 6,575 | 6,398 | 6,556 | 6,545 | 6,314 | 6,169 | 6,421 | |
Total Assets($M)10 | 27,377 | 25,198 | 22,060 | 20,820 | 19,546 | 19,132 | 18,381 | 18,272 | 18,586 | 17,737 | 18,257 | 20,366 | |
Operating Cash Flow($M)3 | 501 | 276 | 413 | 420 | 453 | 399 | 433 | 413 | 319 | 340 | 679 | 284 | |
21 metrics have no data in the last 12 quarters — .
Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).
Methodology and excluded metrics
- Core rows come from the segment and revenue-disaggregation notes of 10-K and 10-Q filings (XBRL), linked to each filing. Fourth-quarter figures are the fiscal year less the first nine months (shown in italic).
- Flex Ltd. (incorporated in Singapore; principal executive offices in Austin, Texas) operates on a fiscal year ending March 31, with interim quarters ending near the last Friday of June (Q1), September (Q2), and December (Q3). The latest reported period is Q2 FY2027 (ended September 25, 2026; Form 8-K filed October 28, 2026 and Form 10-Q filed October 30, 2026).
- In Q4 FY2026, Flex realigned from two segments (Flex Agility Solutions and Flex Reliability Solutions) into three reportable segments: Cloud and Power Infrastructure (CPI), Regulated Manufacturing Solutions (RMS), and Integrated Technology Solutions (ITS). On May 5, 2026, Flex announced the planned tax-free spin-off of CPI as Axiom Solutions International, Inc. (SEC CIK 0002130999; Form 10-12B filed September 15, 2026), and on October 14, 2026 completed the $4.4 billion acquisition of EPC Power Corp.
- All values are strictly as published by Flex Ltd., its subsidiaries (Axiom Solutions International Form 10-12B and Anord Mardix UK Companies House #00868422), or official statistical bodies (TWSE MOPS through October 2026 and U.S. Census Bureau / Federal Reserve via FRED through September 2026). No ratios, margins, YoY percentages, or sums are self-computed; the only derived cells (shown in italics) split cumulative year-to-date disclosures into standalone quarters (Q4 = full year − nine months and quarter = year-to-date − previous year-to-date).
- Parent-standalone subtraction is not performed: Flex Ltd. prepares consolidated financial statements under U.S. GAAP, while its Singapore Companies Act statutory filing presents only a holding-company parent balance sheet with no direct operating revenue.
Not shown because recent periods are missing (9)
- Consolidated Remaining Performance Obligations (RPO) — Flex elects the ASC 606-10-50-14 practical expedient omitting RPO disclosures because customer purchase orders generally carry original expected durations of one year or less.
- Single >=10% Customer Share of Consolidated Net Sales (%) — Disclosed in Q1 FY2027 (11%) and Q2 FY2027 (13%), whereas no customer exceeded 10% in FY2024–FY2026 (only 2 consecutive quarters with >=10% disclosure).
- Monthly Share Repurchase Average Price Paid per Share ($) — Undefined in zero-repurchase months (January 2026 and April–September 2026 when buybacks were paused during the Axiom spin-off and EPC Power acquisition).
- Physical Production Unit Volumes / Capacity Utilization (%) — As a multi-industry contract manufacturer and custom infrastructure integrator across thousands of SKUs, Flex does not disclose physical unit shipment counts or plant utilization rates.
- Total Data Center Combined Revenue ($B) — Disclosed selectively in annual investor presentations/calls (~$4.8B in FY2025, ~$6.6B in FY2026, formalized into the standalone CPI segment in Q4 FY2026) without a standalone quarterly dollar series prior to CPI recast.
- Axiom Facility Count & Regional Square Footage (19 manufacturing sites, 8 engineering/service centers, 5.2M sq. ft. in Americas as of June 26, 2026) — Point-in-time snapshot in Form 10-12B without multi-year historical series.
- Anord Mardix (UK) Limited FY2021–FY2023 Statutory Figures — UK Companies House PDFs prior to FY2024 are low-resolution scanned filings without iXBRL; FY2024 and FY2025 iXBRL statutory series satisfy the 2-year annual continuity threshold.
- Nextracker Inc. (NASDAQ: NXT) Historical Subsidiary Metrics — Spun off on January 2, 2024 (Q4 FY2024) and reclassified to discontinued operations; no longer part of Flex's continuing operations.
- U.S. Federal Prime Contract Obligations (USAspending.gov) — Sparse commercial awards (only 7 non-zero months since 2019; $0.0M in May–October 2026).
Data updated 2026-11-10.
Every KPI on its own page
Full history, chart, sources and a citation for each metric
Data Center, Segment & Business Unit Portfolio Performance
- Consolidated Net Sales — Transferred at a Point in Time ($M)32 periods
- Consolidated Net Sales — Transferred Over Time ($M)32 periods
- Cloud and Power Infrastructure (CPI) — Segment Adjusted Operating Income ($M)5 periods
- Regulated Manufacturing Solutions (RMS) — Segment Adjusted Operating Income ($M)5 periods
- Integrated Technology Solutions (ITS) — Segment Adjusted Operating Income ($M)5 periods
- Consolidated Non-GAAP Adjusted Operating Income ($M)27 periods
- Management Financial Guidance — Next-Quarter Net Sales (Low) ($M)4 periods
- Flex Agility Solutions (FAS) — Net Sales (Legacy through FY2026) ($M)28 periods
- Flex Reliability Solutions (FRS) — Net Sales (Legacy through FY2026) ($M)28 periods
Customer Commitments, Consigned Inventory, Contract Balances & Receivables Factoring
- Customer Working Capital Advances ($M)16 periods
- Customer-Controlled Inventory Held at Flex Facilities ($M)5 periods
- Customer-Related Accruals (Other Current Liabilities) ($M)26 periods
- Contract Assets (Unbilled Over-Time Manufacturing WIP) ($M)29 periods
- Contract Liabilities (Deferred Revenue — Total) ($M)25 periods
- Flex-Controlled Inventory — Raw Materials ($M)28 periods
- Trade Accounts Receivable Sold to Third-Party Banks (Factoring Volume) ($M)31 periods
- Top 10 Customers Share of Consolidated Net Sales (%)9 periods
- Strategic Customer Warrant Contra-Revenue Amortization (Amazon Warrant) ($M)5 periods
Global Manufacturing Footprint, Property & Equipment by Class & Lease Portfolio
Axiom Solutions International, Inc. & EPC Power Corp. (SpinCo Form 10-12B)
Anord Mardix (UK) Limited (Critical Power Switchgear Subsidiary — UK Statutory)
Monthly Share Repurchases & Buyback Authorization
Sustainability, Workforce Composition, Safety & Responsible Supply Chain (SASB TC-ES & Form SD)
- Conflict Minerals Supply Chain — In-Scope Direct Suppliers Surveyed (Form SD)7 periods
- Total Employees (SASB TC-ES-000.C, Exact Headcount)6 periods
- Total Case Incident Rate — Workplace Safety (SASB TC-ES-320a.1)6 periods
- Scope 1 & 2 GHG Emissions — Market-Based6 periods
- Total Water Withdrawn (SASB TC-ES-140a.1)6 periods
Global EMS, AI Server & Electrical Infrastructure Monthly Industry Benchmarks (TWSE MOPS & FRED)
- Hon Hai Precision / Foxconn (TWSE: 2317) — Monthly Consolidated Revenue (NT$M)106 periods
- Delta Electronics (TWSE: 2308) — Monthly Consolidated Revenue (NT$M)106 periods
- Quanta Computer (TWSE: 2382) — Monthly Consolidated Revenue (NT$M)106 periods
- Wiwynn Corp. (TWSE: 6669) — Monthly Consolidated Revenue (NT$M)106 periods
- Wistron Corp. (TWSE: 3231) — Monthly Consolidated Revenue (NT$M)106 periods
- Pegatron Corp. (TWSE: 4938) — Monthly Consolidated Revenue (NT$M)105 periods
- Lite-On Technology (TWSE: 2301) — Monthly Consolidated Revenue (NT$M)106 periods
- U.S. Electrical Equipment, Switchgear & Power Components — Monthly Shipments (Census M3) ($M)105 periods
- U.S. Computer & Electronic Products — Monthly Shipments (Census M3) ($M)105 periods
Geographic Revenue & Long-Lived Assets Reference
Consolidated Financial Statements Reference
Latest source documents
The documents cited most often for Flex's most recent figures
- Flex Ltd. Form 10-K, filed 2026-05-20 ↗
- Flex Ltd. Form 10-Q, filed 2026-10-30 ↗
- TWSE MOPS Monthly Operating Revenue Summary (2026-10) ↗
- Axiom Solutions International, Inc. (Archer SpinCo, CIK 0002130999) Form 10-12B EX-99.1, filed 2026-09-15 ↗
- Flex 2025 Sustainability Report (GRI & SASB TC-ES Data Appendix, CY2019–CY2024) ↗
- Anord Mardix (UK) Limited Statutory Accounts (UK Companies House #00868422, FY ended 31 March 2025) ↗
- Flex Ltd. Form 8-K (FY2027Q2 Earnings Release), filed 2026-10-28 ↗
- Flex Ltd. FY2026Q4 Earnings Presentation ↗
- Flex Ltd. Form 10-K, filed 2025-05-21 ↗
- Flex Ltd. Form 8-K (FY2026Q4 Earnings Release), filed 2026-05-05 ↗
- Flex Ltd. Form SD (CY2025 Conflict Minerals Report), filed 2026-05-29 ↗
- TWSE MOPS Monthly Operating Revenue Summary (2026-09) ↗
See a number that looks wrong?