Flex (NASDAQ:FLEX) Announces Earnings Results

Flex (NASDAQ:FLEX) released its earnings results on Wednesday. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08, FiscalAI reports. Flex had a return on equity of 20.86% and a net margin of 3.33%.The company had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same period in the previous year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Flex updated its FY 2026 guidance to 3.210-3.270 EPS and its Q4 2026 guidance to 0.830-0.890 EPS.

Here are the key takeaways from Flex’s conference call:

• Flex beat guidance with Q3 revenue of $7.1B (+8% YoY), adjusted operating margin of 6.5%, and record adjusted EPS of $0.87 (+13%).
• Data center momentum is a major driver — Flex highlighted strategic partnerships (NVIDIA, LG), a new globally manufactured AI infrastructure platform, and modular/liquid-cooling deployments that can accelerate rollouts by up to 30%.
• Management is seeing sustained margin expansion and stronger cash generation (Q3 cash flow $275M, net CapEx ~$145M), raised FY revenue midpoint by ~$350M, and returned capital via ~$200M of share repurchases while targeting >80% free cash flow conversion.
• Near-term headwinds include softness in consumer/lifestyle end markets within Agility, modest inventory build (+5% sequentially), and exposure to memory allocation dynamics that could pressure consumer demand or create supply shifts.

Flex Price Performance

FLEX stock traded down $9.09 during midday trading on Wednesday, reaching $56.90. The company had a trading volume of 2,696,975 shares, compared to its average volume of 3,299,540. The firm has a 50-day moving average price of $63.55 and a 200-day moving average price of $59.08. The company has a market capitalization of $21.04 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.71 and a beta of 1.24. Flex has a 1 year low of $25.11 and a 1 year high of $72.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.33 and a quick ratio of 0.83.

Flex News Summary

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Q3 / quarterly results beat consensus — Flex reported $0.87 EPS (above consensus ~$0.78–0.79) and revenue up ~7.7% year‑over‑year, showing improving top‑line growth and margin trends. MarketBeat EPS & conference call
• Positive Sentiment: Company raised full‑year fiscal 2026 outlook — management set FY26 EPS guidance at $3.21–3.27 versus the prior consensus (~$3.02), and raised full‑year net sales and adjusted EPS guidance in the quarter‑release. This is a constructive signal for FY earnings trajectory. PR Newswire press release
• Positive Sentiment: Q4 EPS guidance marginally above street — Flex gave Q4 FY26 EPS guidance of $0.830–0.890 versus a consensus around $0.820, implying continued profitability into the quarter. Zacks earnings coverage
• Neutral Sentiment: Q4 revenue guidance showed a wide band ($6.8B–$7.1B) with a midpoint roughly in line with consensus (~$6.9B), which tempers the upside case from EPS guidance alone. No clear directional surprise on revenue. (Guidance detail in company filings.)
• Neutral Sentiment: Product / brand mentions in the press (e.g., new multitool coverage) are peripheral to core electronics manufacturing results and unlikely to move the stock materially near‑term. NewAtlas product article
• Neutral Sentiment: Reported short‑interest data in the feed appears to be a data anomaly (showing zero shares / NaN change) and provides no actionable signal.
• Negative Sentiment: Market reaction — shares fell despite beats and raised guidance. Possible explanations: the Q4 revenue range and any uncertainty in quarterly sales trajectory disappointed some investors; profit‑taking after a recent run; or broader market weakness/sector rotation magnified selling. These factors can drive near‑term volatility even with otherwise constructive results.

Insider Buying and Selling

In other Flex news, CAO Daniel Wendler sold 10,000 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the sale, the chief accounting officer owned 27,619 shares of the company’s stock, valued at $1,987,739.43. This represents a 26.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael E. Hurlston sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $58.00, for a total value of $580,000.00. Following the transaction, the director owned 58,561 shares in the company, valued at $3,396,538. This trade represents a 14.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 86,406 shares of company stock valued at $5,195,639 in the last three months. 0.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in Flex by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after buying an additional 181 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Flex by 3.3% during the second quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company’s stock worth $403,000 after acquiring an additional 257 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Flex by 2.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 12,729 shares of the technology company’s stock valued at $738,000 after purchasing an additional 332 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Flex by 1.0% during the 2nd quarter. Captrust Financial Advisors now owns 50,470 shares of the technology company’s stock worth $2,519,000 after purchasing an additional 488 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Flex by 3.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 21,635 shares of the technology company’s stock valued at $1,080,000 after buying an additional 632 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Wall Street Analyst Weigh In

FLEX has been the topic of a number of analyst reports. Raymond James Financial raised shares of Flex from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Wednesday, January 14th. Barclays decreased their price objective on Flex from $78.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Argus set a $85.00 target price on Flex in a research note on Friday, October 31st. Zacks Research cut Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $23.00 price objective on shares of Flex in a research report on Wednesday, November 12th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.11.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.