Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through High Reliability Solutions, Industrial and Emerging Industries, Communications & Enterprise Compute, and Consumer Technologies Group segments. The company provides a portfolio of technologies in electrical/electronics, electromechanical, and software; and cross-industry technologies, including human machine interface, audio and video, system in package, miniaturization, IoT platforms, and power management. It also designs and integrates advanced data center servers, storage and networking equipment, and data center appliances. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; isolated DC/DC converters and non-isolated Point of Load converters for the information and communications technology market; and specialized power module solutions for other markets. Additionally, the company provides after-market and forward supply chain logistics services comprising supplier-managed inventory, inbound freight management, product postponement, build/configure to order, order fulfillment and distribution, asset tracking, and supply chain network design; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1990 and is based in Singapore.
IPO Year: 1994
Exchange: NASDAQ
Website: flex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/11/2025 | $52.00 | Buy | Stifel |
| 10/22/2024 | $41.00 | Overweight | KeyBanc Capital Markets |
| 7/25/2024 | $39.00 | Hold → Buy | Craig Hallum |
| 5/2/2024 | $27.00 | Buy → Hold | Craig Hallum |
| 9/7/2023 | $35.00 | Overweight | Barclays |
| 7/5/2023 | $30.00 | Overweight | JP Morgan |
| 8/17/2022 | $24.00 | Outperform | Credit Suisse |
| 5/18/2022 | $22.00 | Hold → Buy | Argus |
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AUSTIN, Texas, July 9, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its first quarter fiscal 2026 financial results before the market opens on Thursday, July 24, 2025. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the w
AUSTIN, Texas, June 24, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced that the company received a 2025 Manufacturing Leadership Award for its outstanding achievement in the Digital Supply Chains category. The awards, sponsored by the National Association of Manufacturers, honor manufacturing companies and individual leaders who are shaping the future of global manufacturing. Flex Pulse® Network Design1, one of Flex's powerful and intelligent Flex Pulse® tools, was recognized for its unique ability to help companies de-risk decisions using modeling capabilities such as designing, testing, and rapidly evaluating robust and efficient value chain solutions. With Flex Pulse® Network Des
News summary Flex joins MIT's Initiative for New Manufacturing Consortium as a founding memberMIT graduate and PhD students will use artificial intelligence (AI) and automation to address manufacturing and supply chain challengesAnticipated research projects to include supply chain resiliency solutions, improved manufacturing efficiency, and more advanced manufacturing jobsAUSTIN, Texas, June 5, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced a strategic collaboration with the Massachusetts Institute of Technology (MIT) on its new Initiative for New Manufacturing (INM) — a bold, Institute-wide effort to reimagine industrial production, drive innovation through advanced technologies,
News summary Flex recognized as top-performing supplier at Ford's annual Supplier Awards ceremonyAward celebrates Flex for sustainable manufacturing leadershipFlex highlighted for collaboration on the automotive industry's first product carbon footprint tracking pilotAUSTIN, Texas, June 3, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced it was named a 2025 Sustainability Supplier of the Year by Ford Motor Company at the automaker's annual Supplier Awards ceremony. The award honors Flex for achieving the highest levels of global excellence in sustainable manufacturing and its leadership in developing a scalable solution for automotive product-level emissions transparency. "This recogn
Governor Greg Abbott Declares June 2, 2025, "SolarEdge-Flex Manufacturing Milestone Day" to honor impact of partnership SolarEdge Technologies Inc. (NASDAQ:SEDG), a global leader in smart energy technology, today announced a landmark achievement in its U.S. manufacturing operations: the production of its 250,000th solar inverter at the Flex (NASDAQ:FLEX) facility in Austin, Texas. The milestone marks a pivotal moment in SolarEdge's strategic initiative to bolster domestic manufacturing, energy resilience, and job creation nationwide. In recognition of this achievement, Texas Governor Greg Abbott has officially proclaimed June 2, 2025, as "SolarEdge-Flex Manufacturing Milestone Day." Thi
AUSTIN, Texas, May 31, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) has announced members of its leadership team will participate in the upcoming investor conference: Bank of America 2025 Global Technology Conference Date: June 4, 2025Presentation time: 1:20pm PT / 4:20pm ET The presentation will be available as a live webcast accessible through the Flex Investor Relations website at https://investors.flex.com. An archived replay will be available on the website shortly after the conclusion of the presentation. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collecti
JetCool Showcases Self-Contained Liquid Cooling Solutions at Dell Technologies World 2025 LAS VEGAS, May 20, 2025 /PRNewswire/ -- JetCool, a Flex (NASDAQ:FLEX) company specializing in direct-to-chip liquid cooling for AI and high-density compute, today announced its next-generation SmartPlate™ System, a self-contained liquid cooling solution, is available as an option on select Dell PowerEdge systems. JetCool's SmartPlate System is a fully sealed, direct-to-chip liquid cooling solution that delivers immediate performance and efficiency improvements without requiring any changes to data center infrastructure. Designed to simplify the adoption of liquid cooling, SmartPlate System eliminates th
News summary Expanding data center critical power product manufacturing capacity with new site: Bielsko-Biała, Poland (600,000 square feet1)Growth in manufacturing capacity addresses rising customer demand based on multi-year artificial intelligence-driven data center expansion strategiesAcceleration of power expansion enhances the Flex Anord Mardix EMEA footprint with eight sites totalAUSTIN, Texas, May 13, 2025 /PRNewswire/ -- Flex's (NASDAQ:FLEX) Critical Power Business, Anord Mardix, today announced a significant expansion of its European operations to enhance data center power offerings. The company recently acquired a new manufacturing site in Bielsko-Biała, Poland, doubling Flex's pow
AUSTIN, Texas, May 7, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) has announced members of its leadership team will participate in the upcoming investor conference: J.P.Morgan 53rd Annual Global Technology, Media and Communications ConferenceDate: May 14, 2025Presentation time: 7:00am CT / 8:00am ET The presentation will be available as a live webcast accessible through the Flex Investor Relations website at https://investors.flex.com. An archived replay will be available on the website shortly after the conclusion of the presentation. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the wo
AUSTIN, Texas, May 7, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2025. Fourth Quarter Fiscal Year 2025 Highlights: Net Sales: $6.4 billionGAAP Operating Income: $305 millionAdjusted Operating Income: $396 millionGAAP Net Income attributable to Flex Ltd: $222 millionAdjusted Net Income attributable to Flex Ltd: $285 millionGAAP Earnings Per Share: $0.57Adjusted Earnings Per Share: $0.73Fiscal Year 2025 Results of Operations: Net Sales: $25.8 billionGAAP Operating Income: $1,169 millionAdjusted Operating Income: $1,459 millionGAAP Net Income attributable to Flex Ltd: $838 millionAdjusted Net Income attributable to Flex
Stifel resumed coverage of Flex with a rating of Buy and set a new price target of $52.00
KeyBanc Capital Markets initiated coverage of Flex with a rating of Overweight and set a new price target of $41.00
Craig Hallum upgraded Flex from Hold to Buy and set a new price target of $39.00
Craig Hallum downgraded Flex from Buy to Hold and set a new price target of $27.00
Barclays initiated coverage of Flex with a rating of Overweight and set a new price target of $35.00
JP Morgan resumed coverage of Flex with a rating of Overweight and set a new price target of $30.00
Credit Suisse initiated coverage of Flex with a rating of Outperform and set a new price target of $24.00
Argus upgraded Flex from Hold to Buy and set a new price target of $22.00
Cross Research upgraded Flex from Hold to Buy and set a new price target of $22.00
JPMorgan Chase & Co. upgraded Flex from Neutral to Overweight
AUSTIN, Texas, July 9, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its first quarter fiscal 2026 financial results before the market opens on Thursday, July 24, 2025. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the w
AUSTIN, Texas, May 7, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2025. Fourth Quarter Fiscal Year 2025 Highlights: Net Sales: $6.4 billionGAAP Operating Income: $305 millionAdjusted Operating Income: $396 millionGAAP Net Income attributable to Flex Ltd: $222 millionAdjusted Net Income attributable to Flex Ltd: $285 millionGAAP Earnings Per Share: $0.57Adjusted Earnings Per Share: $0.73Fiscal Year 2025 Results of Operations: Net Sales: $25.8 billionGAAP Operating Income: $1,169 millionAdjusted Operating Income: $1,459 millionGAAP Net Income attributable to Flex Ltd: $838 millionAdjusted Net Income attributable to Flex
AUSTIN, Texas, April 2, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its fourth quarter and fiscal 2025 financial results before the market opens on Wednesday, May 7, 2025. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve
AUSTIN, Texas, Jan. 29, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its third quarter ended December 31, 2024. Third Quarter Fiscal Year 2025 Highlights: Net Sales: $6.6 billionGAAP Operating Income: $334 millionAdjusted Operating Income: $399 millionGAAP Net Income attributable to Flex Ltd: $263 millionAdjusted Net Income attributable to Flex Ltd: $304 millionGAAP Earnings Per Share: $0.67Adjusted Earnings Per Share: $0.77An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "We achieved a very strong Q3, delivering another quarter of record adjusted operating mar
AUSTIN, Texas, Jan. 13, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its third quarter fiscal 2025 financial results before the market opens on Wednesday, January 29, 2025. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve
The addition of advanced liquid cooling technology addresses increased heat requirements across the full spectrum of AI workloads and high-performance computing AUSTIN, Texas, Nov. 14, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced today it has acquired JetCool Technologies, a leading liquid cooling company for data centers. The acquisition bolsters Flex's data center and power portfolio to help hyperscale and enterprise customers solve growing power, heat, and scale challenges in the era of AI. Building on the partnership announced at the 2024 OCP Global Summit, the deal brings together JetCool's advanced cooling technologies and Flex's expertise across IT and power infrastructure, globa
AUSTIN, Texas, Oct. 30, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its second quarter ended September 27, 2024. Second Quarter Fiscal Year 2025 Highlights: Net Sales: $6.5 billionGAAP Operating Income: $297 millionAdjusted Operating Income: $358 millionGAAP Net Income attributable to Flex Ltd: $214 millionAdjusted Net Income attributable to Flex Ltd: $255 millionGAAP Earnings Per Share: $0.54Adjusted Earnings Per Share: $0.64An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "In fiscal Q2, our teams delivered another quarter of strong results," said Revathi Adv
AUSTIN, Texas, Oct. 9, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its second quarter fiscal 2025 financial results before the market opens on Wednesday, October 30, 2024. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve
AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its first quarter ended June 28, 2024. First Quarter Fiscal Year 2025 Highlights: Net Sales: $6.3 billionGAAP Operating Income: $233 millionAdjusted Operating Income: $306 millionGAAP Net Income attributable to Flex Ltd: $139 millionAdjusted Net Income attributable to Flex Ltd: $211 millionGAAP Earnings Per Share: $0.34Adjusted Earnings Per Share: $0.51An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release. "We delivered another solid quarter, including year-over-year margin expansion and EPS growth,
AUSTIN, Texas, July 9, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) will announce its first quarter fiscal 2025 financial results before the market opens on Wednesday, July 24, 2024. The company will hold a conference call to discuss the results on the same day at 7:30 AM (CT) / 8:30 AM (ET). The live webcast presentation will be available on the Flex Investor Relations (IR) website located at investors.flex.com. The webcast replay, along with supporting materials, will be available on the IR website following the conclusion of the event. About Flex Ltd. Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the
Paul Lundstrom Brings Wealth of Knowledge in Finance, Manufacturing, and Business Transformation Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products for cloud, networking and industrial applications, today announced the appointment of Paul Lundstrom to the company's Board of Directors, effective immediately. This election expands the membership to nine members, eight of whom are independent. "I am excited to welcome Paul to the Lumentum Board," said Penelope Herscher, Chair of Lumentum's Board of Directors. "He brings a wealth of knowledge and expertise in corporate finance, manufacturing and business transformation
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) in the S&P MidCap 400, and Azenta will replace Envestnet Inc. (NYSE:ENV) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions. Azenta's market capitalization is no longer representative of the mid-cap market space.Concentra Group Holdings Inc. (NYSE:CON) will replace Myers Industries Inc. (NYSE:MYE) in the S&P SmallCap 600 effective prior to the openin
Leader in custom-engineered, fully integrated power distribution and protection systemsExtensive modular solutions and medium voltage switchgear capabilities are synergistic to the Flex data center power portfolioExtends Flex's presence into the growing utility power market and supports further growth in the U.S. data center power marketAUSTIN, Texas, Oct. 17, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced today that it has entered into a definitive agreement to acquire Crown Technical Systems, a leader in fully integrated power distribution and protection systems, for $325 million in an all-cash transaction. The transaction is expected to be accretive in the first year after closure. Cro
AUSTIN, Texas, Sept. 19, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced its inclusion on TIME's 2024 World's Best Companies list, a comprehensive analysis conducted to identify the top performing companies across the globe. "We are honored to join this year's list of TIME's World's Best Companies," said Revathi Advaithi, Chief Executive Officer of Flex. "This recognition is a direct reflection of our commitment to creating a safe, inclusive and respectful work environment, embracing sustainable manufacturing practices, and delivering long-term value for our stakeholders." The ranking is presented by TIME and Statista, a leading international provider of market and consumer data and ranki
Establishes unified go-to-market organization to drive growth AUSTIN, Texas, July 26, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced today the appointment of Michael Hartung as President, Chief Commercial Officer, effective immediately. In his expanded role, Mr. Hartung will continue to report to Flex CEO, Revathi Advaithi and lead both the Agility and Reliability segments, focusing on delivering on the long-term Flex Forward strategy and driving the adoption of the company's end-to-end services and products across targeted markets. Over his 20 years at Flex, Mr. Hartung has consistently delivered revenue growth and margin expansion across multiple businesses, most recently as President,
Copeland, a global provider of sustainable climate solutions and leader in the HVAC, Refrigeration (HVACR) and industrial compression industry, has announced that Paul Lundstrom will join the company in August as Chief Financial Officer (CFO). Copeland is a standalone company and a portfolio company of Blackstone, the world's largest alternative asset manager, within its Capital Partners Fund XIII. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724421467/en/Paul Lundstrom, Copeland's new Chief Financial Officer (Photo: Copeland) "Paul is an excellent addition to the executive team of Copeland, as he brings with him extensive
SAN JOSE, Calif., Sept. 27, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced that Maryrose T. Sylvester, a seasoned executive and strategic, growth-oriented leader, has joined the Company's Board of Directors, effective September 23, 2022. Ms. Sylvester has also been named as a member of the Company's Compensation and People Committee. Ms. Sylvester has significant experience transforming industrial businesses, and is passionate about technology, innovation and automation. She also has extensive expertise in delivering technology-enabled and energy-efficient sustainable solutions. Most recently, from June 2019 to August 2020, Ms. Sylvester served as U.S. Managing Director and U.S. Hea
SAN JOSE, Calif., Jan. 27, 2022 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced that Patrick J. Ward, a seasoned executive leader with strong financial expertise, has joined the Company's Board of Directors, effective January 26, 2022. Mr. Ward has also been named as a member of the Company's Audit Committee. After more than a 30-year career, in 2019, Mr. Ward retired as Chief Financial Officer of Cummins Inc., a global power leader that designs, manufactures, distributes and services engines, and related technologies. Prior to serving as Cummins' CFO, Mr. Ward held a broad range of global financial leadership positions including serving as Vice President, Engine Business Controller and E
SAN JOSE, Calif., Nov. 8, 2021 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced that Cameron Carr has joined the company as chief strategy officer (CSO). Mr. Carr will report directly to Flex CEO, Revathi Advaithi. Mr. Carr has spent the last decade of his career at Microsoft Corporation. Most recently, he was the head of competitive strategy for the United States. In this role, Mr. Carr was responsible for overseeing a team focused on competitive market strategy and competitor intelligence across all Microsoft product lines. He oversaw critical elements of Microsoft's approx. $50B U.S. business while he developed strategic recommendations across key functions such as sales, marketing, op
BRASELTON, Ga., May 06, 2021 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ:FOXF) (the "Company" or "FOX") has announced the appointment of three key new leadership additions as the Company continues to lay the foundation for its next phase of growth. "Thanks to our existing team, we have experienced tremendous growth and portfolio diversification. In order to achieve the breakthrough results we aspire to reach, we have to do things thoughtfully and with our strategic vision in mind," commented Mike Dennison, FOX's Chief Executive Officer. "The changes we are announcing today are part of our evolution as a company. We are investing in our future by expanding the scope of our leader
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