FLEX
Flex Ltd
Q1 2026 Report
Flex Ltd (FLEX) Q1 2026 Financial Results: Strong Performance in Data Center and Power Solutions...
Read full report
Executive Summary
Flex Ltd reported a strong second quarter with revenues of $6.5 billion, marking a year-over-year decline of 7.9% but an increase of 3.7% quarter-over-quarter. Despite macroeconomic headwinds, Flex's adjusted operating margin hit a record 5.5%, fueled by effective cost management and a favorable product mix, particularly in cloud services and medical devices. The company also achieved a quarterly record in earnings per share (EPS), which rose to $0.64, a 12% increase year-over-year. Management's commentary underscored the anticipation of continued momentum in high-value sectors, backed by strategic acquisitions and efforts to enhance operational efficiencies.
Key Performance Indicators
Revenue
6.55B
QoQ: 3.66% | YoY:-7.86%
Gross Profit
531.00M
8.11% margin
QoQ: 12.74% | YoY:-17.29%
Operating Income
297.00M
QoQ: 27.47% | YoY:-14.66%
Net Income
214.00M
QoQ: 53.96% | YoY:8.63%
EPS
0.54
QoQ: 54.29% | YoY:17.39%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $6.5 billion, YoY: -7.9%, QoQ: +3.7%
- **Gross Profit**: $531 million, YoY: -17.3%, QoQ: +12.7%
- **Operating Income**: $297 million, YoY: -14.7%, QoQ: +27.5%
- **Net Income**: $214 million, YoY: +8.6%, QoQ: +54.0%
- **EPS**: $0.64, YoY: +17.4%, QoQ: +54.3%