Companies /Technology

Flex Ltd

NASDAQ: FLEX Electronic Components
$115.30
â–² $3.48 (+3.11%) today
Markets closed · 9:15am ET

Q3 2026 Earnings

Reported Feb 4, 2026, 7:10am ET · SEC source
$0.87
Beat +10.55%
EPS · est. $0.79
$7.1B
Beat +3.21%
Revenue · est. $6.8B
+5.4%
Beating market
FLEX vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−18%−12%−6%0Feb 4Feb 5report 7:10am ETearnings−1.7%−13.8%
−18%−12%−6%0Feb 4Feb 5earnings−1.7%−13.8%
FLEX −13.8%S&P 500 −1.7%
−18%−12%−6%0Feb 4Feb 5report 7:10am ETearnings−2.8%−13.8%
−18%−12%−6%0Feb 4Feb 5earnings−2.8%−13.8%
FLEX −13.8%NASDAQ −2.8%
−18%−12%−6%0Feb 3Feb 12report 7:10am ETearnings+0.5%−2.0%
−18%−12%−6%0Feb 3Feb 12earnings+0.5%−2.0%
FLEX −2.0%S&P 500 +0.5%
−18%−12%−6%0Feb 3Feb 12report 7:10am ETearnings−0.1%−2.0%
−18%−12%−6%0Feb 3Feb 12earnings−0.1%−2.0%
FLEX −2.0%NASDAQ −0.1%
−10.85%
Day of report
+2.24%
Next session
+10.22%
One week
+4.25%
30 days

S&P 500 over the same 30 days: −1.15%.

Did FLEX Beat Earnings? Q3 2026 Results

Flex delivered a strong fiscal third quarter, posting adjusted EPS of $0.87 against a consensus estimate of $0.79, a beat of 10.55%, while revenue of $7.06 billion cleared expectations by 3.21% and grew 7.7% year over year. The standout driver behind the outperformance was the company's Data Center vertical, which CEO Revathi Advaithi highlighted as central to Flex's positioning as a supply chain enabler in the AI era, with power, cooling, and scalable IT infrastructure solutions accelerating customer deployments. Adjusted operating margin reached 6.5%, which management described as a record, marking the fifth consecutive quarter at or above 6%. GAAP results were weighed down by a $19.00 million foreign tax charge and a $5.00 million asset impairment tied to a missile strike on the company's Ukraine facility. Looking ahead, Flex raised its full-year fiscal 2026 adjusted EPS guidance to $3.21 to $3.27 and lifted its net sales outlook to $27.20 to $27.50 billion, with analysts noting the AI data center shift as a key catalyst reshaping the company's growth trajectory.

Key Takeaways
  • Diversified business model across industries including Data Center
  • Record adjusted operating margin of 6.5%, fifth consecutive quarter at or above 6%
  • 8% year-over-year net sales growth exceeding guidance

“Our strong performance continued in the third quarter, with results exceeding our guidance across all metrics. This performance reflects the strength of our diversified business model across industries, including Data Center. As we look ahead, we are confident in our ability to serve as a strategic enabler for our customers as they navigate an increasingly complex and dynamic world.”

Flex CEO, on the earnings call

Forward Guidance & Outlook

Flex raised its full-year fiscal 2026 guidance: net sales now expected at $27.2–$27.5 billion (growth of 6% at the midpoint, up from prior $26.7–$27.3 billion), adjusted operating margin of 6.3%, and adjusted EPS of $3.21–$3.27 (growth of 22% at the midpoint, up from prior $3.09–$3.17). For Q4 fiscal 2026, guidance calls for net sales of $6.75–$7.05 billion (growth of 8% at the midpoint), adjusted operating income of $445–$475 million, and adjusted EPS of $0.83–$0.89 (growth of 18% at the midpoint).

FLEX YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$2.0B$4.0B$6.0B$6.6B$7.1BRevenue$594.0M$679.0MGross Profit$334.0M$389.0MOperating Income$263.0M$239.0MNet Income
$0$2.0B$4.0B$6.0BRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.