Flex Ltd. (FLEX) income statement
NASDAQ · Technology · Hardware, Equipment & Parts · 149,686 employees · CEO Revathi Advaithi
- Price
- $86.48 -7.08%
- Market cap
- $32B
- Enterprise value
- $34.9B
- Last report
- Q2 '27 filed 2026-10-30
- Next report
- 2027-01-27 EPS est. $1.25
Flex Ltd. (FLEX) reported revenue of $8.49B for Q2 '27 (+24.8% year on year), operating income of $414M (4.9% of revenue) and net income of $263M. Over the last four quarters revenue was $31B.
Income statement
| Income statement | Trend | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.42B | $4.51B | $6.31B | $6.55B | $6.56B | $6.4B | $6.58B | $6.8B | $7.06B | $7.48B | $7.93B | $8.49B | |
| Cost of revenue | $5.99B | $4.53B | $5.84B | $6.01B | $5.96B | $5.84B | $6B | $6.19B | $6.37B | $6.75B | $7.18B | $7.68B | |
| Gross profit | $433M | -$29M | $471M | $531M | $594M | $563M | $572M | $614M | $685M | $730M | $747M | $812M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $334M | $371M | |
| Other operating expenses | $30M | $17M | $25M | $18M | $19M | $24M | $28M | $58M | $15M | $16M | $21M | $27M | |
| Operating expenses | $235M | $133M | $238M | $234M | $260M | $258M | $261M | $318M | $285M | $305M | $355M | $398M | |
| Operating income | $198M | -$162M | $233M | $297M | $334M | $305M | $311M | $296M | $400M | $425M | $392M | $414M | |
| Interest income | $13M | $12M | $16M | $16M | $16M | $13M | $13M | $10M | $15M | $13M | $13M | $13M | |
| Interest expense | $39M | $52M | $43M | $46M | $50M | $52M | $45M | $52M | $58M | $60M | $60M | $69M | |
| Other non-operating income (gains on investments, FX ...) | -$4M | $1M | -$15M | -$20M | -$11M | -$26M | $14M | -$18M | $22M | $50M | $0 | -$25M | |
| Total non-operating income | -$46M | -$43M | -$41M | -$33M | -$46M | -$26M | -$65M | -$34M | -$80M | -$110M | -$15M | -$44M | |
| Income before tax | $152M | -$205M | $192M | $264M | $288M | $279M | $246M | $262M | $320M | $315M | $377M | $370M | |
| Income tax | $23M | -$227M | $53M | $50M | $25M | $57M | $54M | $63M | $81M | $65M | $92M | $107M | |
| Net income | $197M | $395M | $139M | $214M | $263M | $222M | $192M | $199M | $239M | $250M | $285M | $263M | |
| EPS (basic) | $0.46 | $0.94 | $0.35 | $0.54 | $0.68 | $0.57 | $0.50 | $0.52 | $0.64 | $0.67 | $0.76 | $0.70 | |
| EPS (diluted) | $0.45 | $0.93 | $0.34 | $0.54 | $0.67 | $0.57 | $0.50 | $0.52 | $0.64 | $0.67 | $0.76 | $0.70 | |
| Shares (basic, weighted) | 431M | 421M | 399M | 394M | 387M | 389M | 381M | 380M | 376M | 374M | 374M | 374M | |
| Shares (diluted, weighted) | 436M | 425M | 411M | 400M | 394M | 389M | 381M | 380M | 376M | 374M | 374M | 374M | |
| Depreciation & amortization | $130M | $147M | $126M | $131M | $144M | $138M | $142M | $156M | $135M | $130M | $140M | $156M | |
| EBITDA | $332M | -$16M | $374M | $448M | $489M | $469M | $439M | $470M | $513M | $505M | $532M | $595M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.9B | $25.4B | $26.2B | $24.2B | $24.1B | $24.6B | $28.5B | $26.4B | $25.8B | $27.9B | |
| Cost of revenue | $22.3B | $23.8B | $24.7B | $22.9B | $22.4B | $22.9B | $26.5B | $24.6B | $23.7B | $25.4B | |
| Gross profit | $1.52B | $1.6B | $1.52B | $1.34B | $1.69B | $1.78B | $1.98B | $1.87B | $2.16B | $2.56B | |
| Other operating expenses | $81.4M | $78.6M | $74M | $90M | $75M | $60M | $85M | $90M | $86M | $0 | |
| Operating expenses | $1.02B | $1.1B | $1.03B | $924M | $892M | $890M | $959M | $1.01B | $990M | $1.05B | |
| Operating income | $502M | $498M | $491M | $415M | $795M | $890M | $1.02B | $853M | $1.17B | $1.51B | |
| Interest income | $12.1M | $18.8M | $19.5M | $19.4M | $14M | $14M | $30M | $56M | $61M | $51M | |
| Interest expense | $108M | $123M | $146M | $146M | $150M | $160M | $191M | $161M | $218M | $215M | |
| Other non-operating income (gains on investments, FX ...) | $23.4M | -$146M | $163M | -$26M | -$80M | -$240M | -$20M | -$20M | -$72M | $148M | |
| Total non-operating income | -$131M | $23.1M | -$309M | -$256M | -$81M | $74M | -$210M | -$187M | -$146M | -$363M | |
| Income before tax | $371M | $521M | $182M | $159M | $714M | $964M | $807M | $666M | $1.02B | $1.14B | |
| Income tax | $51.3M | $92.4M | $89M | $71M | $101M | $92M | $124M | -$206M | $185M | $263M | |
| Net income | $320M | $429M | $93M | $88M | $613M | $936M | $793M | $1.01B | $838M | $880M | |
| EPS (basic) | $0.59 | $0.81 | $0.18 | $0.17 | $1.23 | $1.97 | $1.75 | $2.47 | $2.14 | $2.33 | |
| EPS (diluted) | $0.59 | $0.80 | $0.18 | $0.17 | $1.21 | $1.94 | $1.72 | $2.28 | $2.11 | $2.33 | |
| Shares (basic, weighted) | 541M | 530M | 519M | 509M | 499M | 476M | 454M | 408M | 391M | 374M | |
| Shares (diluted, weighted) | 546M | 537M | 530M | 512M | 506M | 483M | 462M | 441M | 398M | 374M | |
| Depreciation & amortization | $610M | $555M | $508M | $626M | $569M | $484M | $501M | $537M | $539M | $563M | |
| EBITDA | $1.09B | $1.2B | $836M | $1.07B | $1.44B | $1.61B | $1.54B | $1.41B | $1.78B | $1.92B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-25, 10-Q 2026-06-26, 10-K 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-26, 10-Q 2025-06-27, 10-K 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-27
Data as of 2026-11-02