Flex (NASDAQ:FLEX) Issues FY 2026 Earnings Guidance

Flex (NASDAQ:FLEX - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.810-3.010 for the period, compared to the consensus earnings per share estimate of 2.610. The company issued revenue guidance of $25.0 billion-$26.8 billion, compared to the consensus revenue estimate of $25.6 billion. Flex also updated its Q1 2026 guidance to 0.580-0.660 EPS.

Analyst Ratings Changes

FLEX has been the topic of a number of recent analyst reports. Barclays increased their target price on shares of Flex from $43.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Stifel Nicolaus initiated coverage on shares of Flex in a report on Tuesday, February 11th. They issued a "buy" rating and a $52.00 target price on the stock. The Goldman Sachs Group dropped their price objective on shares of Flex from $53.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. StockNews.com upgraded Flex from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Finally, KeyCorp dropped their target price on Flex from $46.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Flex has a consensus rating of "Buy" and an average target price of $43.67.

Flex Trading Up 0.5 %

Shares of Flex stock opened at $36.77 on Wednesday. The company has a 50-day moving average of $33.43 and a two-hundred day moving average of $37.40. The stock has a market cap of $14.09 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.63. Flex has a 12-month low of $25.11 and a 12-month high of $45.10.

Insider Transactions at Flex

In other news, Director Lay Koon Tan sold 50,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $43.25, for a total value of $2,162,500.00. Following the transaction, the director now directly owns 202,850 shares in the company, valued at $8,773,262.50. This trade represents a 19.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Scott Offer sold 87,093 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $36.43, for a total value of $3,172,797.99. Following the completion of the transaction, the executive vice president now directly owns 71,001 shares of the company's stock, valued at $2,586,566.43. This represents a 55.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,900 shares of company stock valued at $8,179,677 in the last 90 days. 0.82% of the stock is currently owned by insiders.

Institutional Trading of Flex

An institutional investor recently bought a new position in Flex stock. Brighton Jones LLC purchased a new stake in shares of Flex Ltd. (NASDAQ:FLEX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,768 shares of the technology company's stock, valued at approximately $260,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

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.

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