← Research LibraryThe BriefFY2026 10-K · headline figures audited against SEC data
Flex grew revenue 8.1% to $27.91B as its data center power and cooling segment rose 38%, and now plans to spin that business off in early 2027
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 8.1% to $27.91B; Cloud and Power Infrastructure up 38%OK
- Profitability — Operating margin up 37 bps to 4.90%; gross margin 9.20%OK
- Balance sheet — Total debt $3.75B at year end; $4.4 billion EPC Power deal debt-funded in October 2026Watch
- Accounting quality — Grey-zone distress score, not distress; no manipulation flag; earnings quality safeNote
- Capital allocation — Buybacks $0.94B, down 24.9%; no dividendNote
- Cash flow — Free cash flow down 1.4% to $1.05B as capex rose 44.5%Watch
Business
Flex is a Singapore-incorporated contract designer and manufacturer with approximately 150,000 employees in more than 100 locations across approximately 30 countries. It builds products for data center, healthcare, industrial, automotive, communications and lifestyle customers, and increasingly makes its own power, cooling and compute infrastructure for AI data centers. No customer exceeded 10% of net sales; the ten largest were 45%.
Where the revenue comes from
Fiscal 2026, as FLEX LTD. reports it. History and quarterly detail are in the app.
- ITS$11.1B
- RMS$10.2B
- CPI$6.6B
Leadership changes
From FLEX LTD.'s own filings, the day they're filed.
- George R. Oliver · director · appointmenteff. 2026-09-24
- Kevin S. Krumm · Chief Financial Officer · appointmenteff. 2025-01-06
- Jaime Martinez · Chief Financial Officer · departureeff. 2024-08-01
Latest filings
- 8-K · Company announcement2026-10-14
- 8-K · Company announcement2026-10-13
- 8-K · Company announcement2026-10-05
- DEF 14A · Annual proxy (pay & governance)2026-10-05
- 8-K · Company announcement2026-10-02
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about FLEX LTD., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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