Flex (NASDAQ:FLEX) Updates Q2 2026 Earnings Guidance

Flex (NASDAQ:FLEX - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.700-0.780 for the period, compared to the consensus earnings per share estimate of 0.719. The company issued revenue guidance of $6.5 billion-$6.8 billion, compared to the consensus revenue estimate of $6.5 billion. Flex also updated its FY 2026 guidance to 2.860-3.060 EPS.

Analysts Set New Price Targets

Several analysts have recently commented on FLEX shares. Wall Street Zen downgraded shares of Flex from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. JPMorgan Chase & Co. increased their target price on shares of Flex from $44.00 to $60.00 and gave the company an "overweight" rating in a 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. Bank of America increased their price target on shares of Flex from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Flex in a research report on Friday, July 11th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $52.29.

Flex Price Performance

Shares of NASDAQ:FLEX opened at $53.80 on Thursday. Flex has a fifty-two week low of $25.11 and a fifty-two week high of $55.90. The business has a 50-day simple moving average of $46.74 and a two-hundred day simple moving average of $40.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.30. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07.

Flex (NASDAQ:FLEX - Get Free Report) last released its earnings results 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 company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.22 billion. During the same period in the prior year, the firm posted $0.57 EPS. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts expect that Flex will post 2.33 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael P. Hartung sold 35,393 shares of Flex stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total transaction of $1,517,297.91. Following the completion of the sale, the insider owned 293,195 shares of the company's stock, valued at $12,569,269.65. The trade was a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kwang Hooi Tan sold 37,533 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $42.87, for a total value of $1,609,039.71. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 1,135,941 shares of company stock worth $47,582,965 over the last ninety days. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Flex

Several hedge funds have recently bought and sold shares of FLEX. Brighton Jones LLC purchased a new position in shares of Flex in the 4th quarter valued at about $260,000. Empowered Funds LLC purchased a new position in Flex during the 1st quarter worth approximately $397,000. Finally, Goldman Sachs Group Inc. grew its stake in Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company's stock worth $42,314,000 after buying an additional 211,046 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Flex Company Profile

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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