Flex Ltd (NASDAQ: FLEX) has announced its financial results for the fourth quarter and the full fiscal year ending March 31, 2026. The company demonstrated a strong finish to FY 2026, showcasing disciplined execution, a clear strategic direction, and significant capital investments aimed at long-term growth. Revathi Advaithi, CEO of Flex, emphasized the impact of targeted acquisitions and investments aligned with the company's growth opportunities.

Fourth Quarter Financial Results

GAAP Highlights:

Net Sales: $7.5 billion

Operating Income: $372 million

Net Income: $250 million

Earnings Per Share (EPS): $0.67

Cash Provided by Operating Activities: $413 million

Non-GAAP Highlights:

Adjusted Operating Income: $500 million

Adjusted Net Income: $348 million

Adjusted EPS: $0.93

Free Cash Flow: $212 million

The fourth quarter results reflect a substantial increase in net sales compared to the same period last year, driven by improved operational efficiencies and robust demand across Flex's diversified product portfolio.

Full-Year Financial Performance

Fiscal Year 2026 GAAP Summary:

Net Sales: $27.9 billion

Operating Income: $1.368 billion

Net Income: $880 million

EPS: $2.33

Cash Provided by Operating Activities: $1.685 billion

Fiscal Year 2026 Non-GAAP Summary:

Adjusted Operating Income: $1.764 billion

Adjusted Net Income: $1.248 billion

Adjusted EPS: $3.30

Free Cash Flow: $1.060 billion

Flex's full-year performance highlighted significant growth compared to FY 2025, with a notable increase in both GAAP and non-GAAP measures. The company’s ability to adapt and thrive in a challenging economic environment underscored its resilience and operational strength.

Guidance for Fiscal Year 2027

Looking ahead, Flex provided guidance for the first quarter and full fiscal year 2027, projecting continued growth:

First Quarter FY 2027 Guidance:

Net Sales: $7.35 billion to $7.65 billion (14% growth at midpoint)

Adjusted Operating Income: $469 million to $499 million

Adjusted EPS: $0.86 to $0.92 (24% growth at midpoint)

Fiscal Year 2027 Guidance:

Net Sales: $32.3 billion to $33.8 billion (18% growth at midpoint)

Adjusted Operating Margin: 7.0% to 7.1%

Adjusted EPS: $4.21 to $4.51 (32% growth at midpoint)

These projections reflect Flex's commitment to enhancing shareholder value and its confidence in achieving strong financial performance in the upcoming year, despite potential macroeconomic challenges.

Strategic Initiatives and Future Outlook

Flex is strategically positioned to capitalize on emerging technologies and market trends. The company is actively pursuing a planned spin-off of its Cloud and Power Infrastructure segment, which aims to create additional value and unlock new opportunities for growth.

The management team will host a conference call on May 6, 2026, at 7:30 AM CT to further discuss these results and the company’s strategic direction. Investors can expect insights into how Flex plans to navigate the evolving market landscape.

Conclusion

Flex Ltd’s impressive fourth-quarter and full-year results underscore its operational excellence and strategic foresight. With robust financial metrics, a solid growth trajectory, and a clear focus on innovation, Flex is well-positioned to drive continued success and value for its stakeholders in the coming fiscal year.

Original press release