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Flex Ltd (FLEX)
NASDAQ:FLEX
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.87Last Year’s EPS
0.73Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear operational and financial positives: revenue and EPS growth, record/expanded margins, strong cash generation, raised full-year guidance, and pronounced momentum in data center and power businesses supported by strategic partnerships and new product platforms. Offsets include softness in consumer end markets that temper Agility upside, flat Agility margins, a modest inventory increase, and near-term limits on benefit from the AWS warrant arrangement. Management reiterated continued investment needs (notably for compute capacity) and flagged memory allocation dynamics that could introduce some supply-side risk. Overall the positives (top-line growth, margin expansion, guidance raise, cash returns and strategic AI/data-center progress) materially outweigh the set of manageable headwinds.Company Guidance
Revenue and EPS Growth
Total Q3 revenue of $7.1 billion, up 8% year-over-year; adjusted EPS reached $0.87, up 13% YoY and a company record.
Record and Improving Margins
Adjusted operating margin of 6.5% (another quarter above 6%), up 40 basis points YoY; adjusted gross margin improved to 9.8%; adjusted operating profit was $460 million.
Data Center Momentum and Strategic Partnerships
Management highlighted strong, sustained data center demand and launched multiple milestones: modular data center systems with NVIDIA, a thermal management partnership with LG, deployment of rack-level liquid cooling at Equinix, and a new AI infrastructure platform that can accelerate deployment timelines by up to 30%.
Reliability Segment Strength
Reliability revenue of $3.2 billion, up 10% YoY; adjusted operating income $233 million; segment adjusted operating margin 7.2%, up 50 basis points YoY — driven by power and core industrial strength.
Agility Segment Growth in Networking/Cloud
Agility revenue of $3.8 billion, up 6% YoY; adjusted operating income $239 million and segment margin at 6.3% (flat YoY). Notable strength in high-performance networking and satellite communications supporting cloud/network deployments.
Cash Flow and Capital Allocation
Quarterly cash flow of $275 million with ~80%+ free cash flow conversion guidance for the fiscal year; net CapEx of $145 million (~2% of revenue); repurchased approximately $200 million of stock (about 3.3 million shares).
Raised Full-Year Guidance
Full-year revenue guidance increased to $27.2B–$27.5B (midpoint ~$350M higher vs prior guide); FY adjusted EPS guided to $3.21–$3.27 (midpoint +$0.11); expected FY adjusted operating margin approximately 6.3%.
Embedded/Critical Power Opportunity
Management emphasized strong growth in both embedded power and critical power, noting an advantageous position in 800-volt DC and megawatt rack deployments and referencing management’s ~35% growth guide in these power-related areas for the year.
FLEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FLEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $65.99 | $58.83 | -10.85% |
Oct 29, 2025 | $64.26 | $66.10 | +2.86% |
Jul 24, 2025 | $53.80 | $49.67 | -7.68% |
May 07, 2025 | $36.77 | $37.95 | +3.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Flex Ltd (FLEX) report earnings?
Flex Ltd (FLEX) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Flex Ltd (FLEX) earnings time?
Flex Ltd (FLEX) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLEX EPS forecast?
FLEX EPS forecast for the fiscal quarter 2026 (Q4) is 0.87.