Flex (NASDAQ:FLEX) Releases FY 2026 Earnings Guidance

Flex (NASDAQ:FLEX - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 2.860-3.060 for the period, compared to the consensus earnings per share estimate of 2.942. The company issued revenue guidance of $25.9 billion-$27.1 billion, compared to the consensus revenue estimate of $26.1 billion. Flex also updated its Q2 2026 guidance to 0.700-0.780 EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FLEX. KeyCorp upped their target price on shares of Flex from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price target on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Barclays increased their price target on shares of Flex from $49.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Flex from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. Finally, Bank of America increased their target price on shares of Flex from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $52.29.

Flex Price Performance

Shares of FLEX stock opened at $53.80 on Thursday. Flex has a 1-year low of $25.11 and a 1-year high of $55.90. The company has a market cap of $20.11 billion, a P/E ratio of 25.38, a PEG ratio of 1.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 0.79. The stock's 50-day moving average is $46.74 and its 200 day moving average is $40.52.

Flex (NASDAQ:FLEX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.22 billion. Flex had a return on equity of 19.01% and a net margin of 3.25%. The business's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. Research analysts predict that Flex will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Revathi Advaithi sold 181,028 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $42.91, for a total value of $7,767,911.48. Following the completion of the sale, the chief executive officer directly owned 1,463,695 shares of the company's stock, valued at $62,807,152.45. This trade represents a 11.01% decrease in their position. The transaction 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 firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total value of $1,517,297.91. Following the transaction, the insider directly owned 293,195 shares of the company's stock, valued at $12,569,269.65. The trade was a 10.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,135,941 shares of company stock worth $47,582,965. Insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Flex in the fourth quarter valued at about $260,000. Empowered Funds LLC acquired a new stake in Flex in the first quarter worth approximately $397,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company's stock valued at $42,314,000 after acquiring an additional 211,046 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.