Flex (NASDAQ:FLEX) Releases FY 2026 Earnings Guidance

Flex (NASDAQ:FLEX) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 3.210-3.270 for the period, compared to the consensus EPS estimate of 3.020. The company issued revenue guidance of $27.2 billion-$27.5 billion, compared to the consensus revenue estimate of $27.1 billion. Flex also updated its Q4 2026 guidance to 0.830-0.890 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Flex in a research note on Monday, December 29th. Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 target price on shares of Flex in a report on Wednesday, November 12th. Wall Street Zen cut shares of Flex from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Finally, Raymond James Financial set a $80.00 price objective on Flex and gave the stock an “outperform” rating in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.78.

Flex Price Performance

Shares of FLEX stock traded down $0.94 during trading on Thursday, hitting $57.89. The company had a trading volume of 3,023,511 shares, compared to its average volume of 3,603,862. The firm has a market capitalization of $21.41 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. Flex has a one year low of $25.11 and a one year high of $72.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.83 and a current ratio of 1.33. The stock’s 50-day moving average price is $63.56 and its 200 day moving average price is $59.08.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.08. The firm had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a return on equity of 20.86% and a net margin of 3.33%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Equities analysts expect that Flex will post 2.33 EPS for the current fiscal year.

Insider Transactions at Flex

In other news, Director Michael E. Hurlston sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $58.00, for a total value of $580,000.00. Following the sale, the director directly owned 58,561 shares in the company, valued at approximately $3,396,538. This trade represents a 14.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William D. Watkins sold 20,000 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $54.52, for a total transaction of $1,090,400.00. Following the completion of the transaction, the director directly owned 98,073 shares of the company’s stock, valued at approximately $5,346,939.96. The trade was a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 86,406 shares of company stock worth $5,195,639. Corporate insiders own 0.57% of the company’s stock.

Flex News Summary

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Q3 results beat consensus: Flex reported $0.87 EPS on ~$7.06–7.1B revenue (≈+7.6–8% y/y), topping estimates and improving margins; the company raised full-year sales, adjusted operating margin and adjusted EPS guidance. FLEX REPORTS THIRD QUARTER FISCAL 2026 RESULTS
• Positive Sentiment: Raised FY and Q4 guidance above Street: FY26 EPS guidance raised to $3.21–3.27 (vs. consensus ~3.02) and Q4 EPS guide of $0.83–0.89; management increased revenue outlook (~+$350M cited) reflecting stronger data-center/AI demand. Flex outlines $350M revenue guidance increase amid robust data center and AI growth
• Positive Sentiment: Record sales and sector mix: Management/coverage highlights that data-center and industrial segments offset consumer softness, and AI-related demand drove record quarterly sales and improved adjusted operating margin. FLEX Q4 Deep Dive: Data Center and Industrial Growth Offset Consumer Weakness
• Positive Sentiment: Product-market expansion: PPC Flex achieved ISO 13485 certification, expanding medical/pharmaceutical manufacturing capabilities — a potential medium-term revenue diversification catalyst. PPC Flex Achieves ISO 13485 Certification
• Neutral Sentiment: Guidance and disclosures: Company provided detailed Q4/FY26 ranges and slide deck — guidance overall looks constructive but includes ranges, so execution risk remains. Flex Q3 Press Materials / Slide Deck
• Neutral Sentiment: Full call/transcript available: Management commentary (earnings call transcript) contains details on customer exposure, inventory cadence and margin drivers — useful for modeling but not new headline news. Flex Q3 2026 Earnings Call Transcript
• Negative Sentiment: Investor concern on growth profile & concentration risk: Some investors sold off shares (reported ~14% drop in coverage reactions) arguing sequential growth is slowing and revenue is increasingly concentrated in AI/data-center customers, which raises execution and customer-concentration risk. Flex Q3: Not Enough Growth, Investors Didn’t Like It

Institutional Trading of Flex

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Flex during the 3rd quarter worth approximately $52,000. EverSource Wealth Advisors LLC grew its holdings in Flex by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,031 shares during the period. Advisory Services Network LLC bought a new stake in Flex in the third quarter valued at $163,000. Parallel Advisors LLC raised its holdings in shares of Flex by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock valued at $208,000 after purchasing an additional 181 shares during the period. Finally, Equitable Holdings Inc. bought a new position in shares of Flex during the 3rd quarter worth about $216,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

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.