Flex Ltd.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.91B | $25.81B | $26.42B | $28.50B | $24.63B | $24.12B | $24.21B | $26.21B |
| FAS | — | — | $14.41B | — | — | $14.14B | $0 | $0 |
| FRS | — | — | $12.00B | — | — | $9.99B | $0 | $0 |
| Nextracker | — | — | $0 | — | — | $0 | $0 | $0 |
| HRS | — | — | $0 | — | — | $0 | $4.75B | $4.59B |
| IEI | — | — | $0 | — | — | $0 | $6.01B | $6.11B |
| CEC_INS | — | — | $0 | — | — | $0 | $7.34B | $8.24B |
| CTG | — | — | $0 | — | — | $0 | $6.11B | $7.27B |
| Infrastructure | — | — | $0 | — | — | $0 | $0 | $0 |
| Mobile | — | — | $0 | — | — | $0 | $0 | $0 |
| Computing | — | — | $0 | — | — | $0 | $0 | $0 |
| EMS | — | — | $0 | — | — | $0 | $0 | $0 |
| Cost of Revenue | $25.29B | $23.58B | $24.40B | $26.50B | $22.84B | $22.35B | $22.68B | $24.59B |
| Gross Profit | $2.57B | $2.16B | $1.87B | $1.98B | $1.78B | $1.69B | $1.34B | $1.52B |
| Gross Margin | 9.2% | 8.4% | 7.1% | 6.9% | 7.2% | 7.0% | 5.5% | 5.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.05B | $904.0M | $922.0M | $874.0M | $830.0M | $817.0M | $834.0M | $953.0M |
| Operating Income | $1.37B | $1.17B | $853.0M | $1.02B | $890.0M | $795.0M | $415.0M | $328.0M |
| Operating Margin | 4.9% | 4.5% | 3.2% | 3.6% | 3.6% | 3.3% | 1.7% | 1.3% |
| Interest Expense | $197.0M | $185.0M | $207.0M | $230.0M | $166.0M | $150.0M | $7.2M | $146.0M |
| Pretax Income | $1.14B | $1.02B | $666.0M | $807.0M | $964.0M | $714.0M | $159.0M | $182.0M |
| Income Tax Expense | $263.0M | $185.0M | $-206.0M | $124.0M | $92.0M | $101.0M | $71.0M | $89.0M |
| Net Income | $880.0M | $838.0M | $1.01B | $793.0M | $936.0M | $613.0M | $88.0M | $93.0M |
| Net Margin | 3.2% | 3.2% | 3.8% | 2.8% | 3.8% | 2.5% | 0.4% | 0.4% |
| EPS (Basic) | $2.37 | $2.14 | $2.31 | $1.75 | $1.97 | $1.23 | $0.17 | $0.18 |
| EPS (Diluted) | $2.33 | $2.11 | $2.28 | $1.72 | $1.94 | $1.21 | $0.17 | $0.18 |
| Shares Outstanding (Basic) | 371.0M | 391.0M | 435.0M | 454.0M | 476.0M | 499.0M | 509.0M | 527.0M |
| Shares Outstanding (Diluted) | 378.0M | 398.0M | 441.0M | 462.0M | 483.0M | 506.0M | 512.0M | 530.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |