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, 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
AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: Net Sales: $6.2 billionGAAP Operating Income: $159 millionAdjusted Operating Income: $333 millionGAAP Net Income from continuing operations: $395 millionAdjusted Net Income from continuing operations: $244 millionGAAP Earnings Per Share from continuing operations: $0.93Adjusted Earnings Per Share from continuing operations: $0.57Fiscal Year 2024 Results of Continuing Operations (excluding contribution from Nextracker): Net Sales: $26.4 billionGAAP Operating Income: $853 millionAdjusted Operating Income:
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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
News summary JetCool's SmartSense Coolant Distribution Unit (CDU) liquid-to-liquid solutions support hyperscale, enterprise, and colocation applicationsSupported by Flex's advanced manufacturing capabilities and services to enable customers to rapidly scale liquid cooling infrastructureFlex will highlight the CDU at the 2025 OCP EMEA Summit in booth A18DUBLIN, April 29, 2025 /PRNewswire/ -- OCP EMEA Summit -- Flex's (NASDAQ:FLEX) liquid cooling business, JetCool, today announced the introduction of its SmartSense Coolant Distribution Unit (CDU). This in-rack, liquid-to-liquid design is the first in a portfolio that delivers modular, cost-effective solutions to data centers and colocation pro
News summary Increased domestic production capacity enables U.S. data center operators to better meet rising power infrastructure demandsThe expansion enhances production of Flex-owned critical power products such as Databar, Power Distribution Units (PDUs) and Remote Power Panels (RPPs)To support strong customer demand, Flex has boosted its U.S. presence to over 13 million square feet across 17 facilitiesAUSTIN, Texas, April 28, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) announced today that it has significantly increased production capacity for data center power products such as Databar, PDUs and RPPs at its advanced manufacturing facility in Columbia, South Carolina. This strategic capabilit
News summary Flex was the only company to win multiple 2025 Automotive News PACE Awards, globally recognized as the industry benchmark for innovation.Awarded for the Jupiter Compute Platform and Backup DC/DC Converter, highlighting Flex's leadership in design and advanced manufacturing for next-generation mobility.Both Flex platforms are already being adopted by global automakers as critical enablers to the shift to software-defined vehicles and the progression to hybrids and EVs.AUSTIN, Texas, April 21, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) was named a two-time 2025 Automotive News PACE Award winner at the awards ceremony on April 15, recognized for its industry-leading Jupiter Compute Pl
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
News Summary New NPI center offers a complete end-to-end product development solution from prototype to preclinical builds to design verification and production transferLocated near Boston, Mass., in proximity to one of the world's largest medical technology innovation hubsFeaturing a full suite of design for excellence (DfX) services to ensure product design preparedness for manufacturing across a broad range of factorsAUSTIN, Texas, March 20, 2025 /PRNewswire/ -- Flex (NASDAQ:FLEX) today announced the opening of its new product introduction (NPI) center near Boston, Mass., serving healthcare customers. The center serves as a gateway to manufacturing, supporting end-to-end product developme
The platform leverages NVIDIA DRIVE AGX with Flex's Jupiter compute platform and manufacturing capabilities to support Torc's productization and scaled market entry in 2027 Torc, a pioneer in commercializing self-driving class 8 trucks, today announced its collaboration with Flex (NASDAQ:FLEX), a world-class provider of automotive-grade compute platforms, and NVIDIA to develop a scalable physical AI compute system for autonomous trucks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250318297080/en/Torc The physical AI developed at Torc enables self-driving trucks to perceive, understand, and perform complex actions in the real
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
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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