Flex (FLEX) Expected to Announce Earnings on Wednesday

Flex (NASDAQ:FLEX - Get Free Report) is expected to be issuing its Q1 2026 quarterly earnings data before the market opens on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.63 per share and revenue of $6.27 billion for the quarter. Flex has set its FY 2026 guidance at 2.810-3.010 EPS and its Q1 2026 guidance at 0.580-0.660 EPS.

Flex (NASDAQ:FLEX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. Flex had a net margin of 3.25% and a return on equity of 19.01%. The business had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts expect Flex to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flex Trading Up 0.6%

Shares of Flex stock traded up $0.29 on Wednesday, hitting $51.85. 3,178,277 shares of the company traded hands, compared to its average volume of 4,044,268. The stock's 50 day moving average price is $45.18 and its 200-day moving average price is $39.94. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. Flex has a 52 week low of $25.11 and a 52 week high of $52.62. The company has a market cap of $19.38 billion, a PE ratio of 24.46, a PEG ratio of 1.93 and a beta of 1.07.

Insider Buying and Selling at Flex

In other news, COO Kwang Hooi Tan sold 37,533 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $42.87, for a total transaction of $1,609,039.71. Following the sale, the chief operating officer directly owned 269,151 shares of the company's stock, valued at $11,538,503.37. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael P. Hartung sold 35,393 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $42.87, for a total transaction of $1,517,297.91. Following the sale, the insider directly owned 293,195 shares in the company, valued at $12,569,269.65. This trade represents a 10.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,135,941 shares of company stock valued at $47,582,965. 0.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC acquired a new stake in shares of Flex during the 1st quarter valued at about $397,000. Goldman Sachs Group Inc. lifted its stake in Flex by 19.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company's stock worth $42,314,000 after purchasing an additional 211,046 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in Flex in the 4th quarter worth approximately $260,000. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on FLEX. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Flex in a research note on Friday, July 11th. Wall Street Zen downgraded shares of Flex from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. decreased their price target on shares of Flex from $52.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. KeyCorp lifted their price target on shares of Flex from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Finally, Barclays lifted their price objective on shares of Flex from $49.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Flex presently has a consensus rating of "Buy" and an average target price of $49.43.

About Flex

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.