Flex

Flex (FLEX) Q4 2026 Earnings

Reported May 5, 2026 at 4:09 PM ET · SEC Source

Q4 26 EPS

$0.93

BEAT +6.08%

Est. $0.88

Q4 26 Revenue

$7.48B

BEAT +7.35%

Est. $6.97B

vs S&P Since Q4 26

+1.5%

BEATING MARKET

FLEX +6.7% vs S&P +5.3%

Full Year 2026 Results

FY 26 EPS

$3.30

FY 26 Revenue

$27.91B

Market Reaction

Did FLEX Beat Earnings? Q4 2026 Results

Flex delivered a standout fourth quarter for fiscal 2026, posting adjusted EPS of $0.93 against a consensus estimate of $0.88, a beat of 6.08%, while revenue of $7.48 billion cleared the $6.97 billion estimate by 7.35% and rose 16.9% year over year. … Read more Flex delivered a standout fourth quarter for fiscal 2026, posting adjusted EPS of $0.93 against a consensus estimate of $0.88, a beat of 6.08%, while revenue of $7.48 billion cleared the $6.97 billion estimate by 7.35% and rose 16.9% year over year. The primary engine behind the quarter was explosive demand within the company's Cloud and Power Infrastructure segment, which serves AI data centers and mission-critical infrastructure, a business so strategically distinct that Flex's board unanimously approved spinning it off as an independent publicly traded company, targeted to close in Q1 calendar 2027. The spin reinforces rather than obscures the strength of the remaining business; post-separation Flex will focus on healthcare, industrial, automotive, and regulated manufacturing markets, with management guiding for full-year FY2027 net sales of $32.30 billion to $33.80 billion and adjusted EPS of $4.21 to $4.51, representing roughly 32% growth at the midpoint. Analyst sentiment following the announcement has leaned constructive, with some valuation models suggesting the stock remains undervalued even after its recent appreciation.

Key Takeaways

  • Disciplined execution and clear strategy
  • Targeted acquisitions and capital investments aligned to long-term growth
  • Sixth consecutive quarter with adjusted operating margin of 6% or greater
  • 17% year-over-year Q4 revenue growth and 8% full-year revenue growth
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FLEX YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

“Our strong finish to FY 2026 reflects disciplined execution and a clear strategy, supported by targeted acquisitions and capital investments aligned to Flex's long-term growth opportunities.”

— Revathi Advaithi, Q4 2026 Earnings Press Release