Flex Ltd reported its Q4 2025 results with revenue of $6.4 billion, reflecting a year-over-year increase of nearly 4%. The company marked a record adjusted operating margin of 6.2%, bolstered by strategic shifts towards higher-margin business segments, particularly in cloud and power solutions. For the fiscal year, Flex achieved adjusted EPS of $2.65, up 23% year-over-year, alongside a free cash flow generation exceeding $1 billion—firmly above the company's target for free cash flow conversion at above 80%. Management's focus on operational efficiency, alongside aggressive portfolio management, has positioned Flex for sustained growth and profitability despite macroeconomic challenges. Management has expressed confidence in continuing to navigate market uncertainties effectively.