FLEX
Flex Ltd. Information Technology Printed Circuit Boards S&P 500Russell 3000
$86.48Close
$31.6BMarket cap
$54.51 – $162.0752-week range
Late-januaryNext report · estimated
Highlights
Cautions
- Not in an uptrend 3 of 8 trend conditions
- Lagging the market RS 47 · weaker than 53% of stocks over 12 months
- Far from its high 47% below its 52-week high
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
47%
1wk
up 13.0%
price change
1mo
down 21.4%
price change
12-month return
up 35%
market up 11% ·
its own up 20%
F-score
8 / 9
Exceptional
Altman Z
2.96
Moderate risk
P/E
35.9×
price / earnings
PEG
3.40
P/E / EPS growth
P/B
6.1×
price / book
Earnings yield
up 4.1%
EBIT / enterprise value
Cheaper than
46%
of the market · around average
Revenue growth
up 8%
year on year
EPS growth
—
latest quarter
Sales growth
up 25%
latest quarter · +4 pts
ROE
up 17%
return on equity
Free cash margin
up 4%
$1.1B FCF
D/E
0.73
long-term debt / equity
Net debt / EBITDA
1.0×
Interest cover
6.9×EBIT / interest
Piotroski tests
- took on more long-term debt
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- short-term liquidity improved
- no new shares issued
- gross margin widened
- assets working harder
Repair signals
- Revenue reaccelerating (-2% then +8%)
Trade setup
ATR%
7.8%
$6.74 a day · 2×ATR $73.01
RS
47 / 99
vs the universe
Trend
3 / 8
trend template
Relative volume
1.0×
vs 50-day average
Up/down volume
0.74
50 sessions
Implied move
—
no scheduled report
Trend template · 3 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: fails
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Oct 28, 2026
Results reaction
Oct 28, 2026+12% vs market2 sessions after results
Options
$5.7M75.3% IV · activity
Financials
- Gross 9%
- Net 3%
- Free cash 4%
- Cash
- Long-term debt
| FY2021Mar 31, 2021 | FY2022Mar 31, 2022 | FY2023Mar 31, 2023 | FY2024Mar 31, 2024 | FY2025Mar 31, 2025 | FY2026Mar 31, 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $24.1B | $24.6B | $28.5B | $26.4B | $25.8B | $27.9B |
| Gross margin | 7% | 7% | 7% | 7% | 8% | 9% |
| Operating income | $795.0M | $890.0M | $1.0B | $853.0M | $1.2B | $1.4B |
| Net income | $613.0M | $936.0M | $793.0M | $872.0M | $838.0M | $880.0M |
| Net margin | 3% | 4% | 3% | 3% | 3% | 3% |
| Earnings per share | $1.21 | $1.94 | $1.72 | $1.98 | $2.11 | $2.33 |
| Free cash flow | -$207.0M | $581.0M | $315.0M | $796.0M | $1.1B | $1.1B |
| Free cash margin | -1% | 2% | 1% | 3% | 4% | 4% |
| Cash | $2.6B | $3.0B | $3.2B | $2.5B | $2.3B | $2.4B |
| Long-term debt | $3.5B | $3.2B | $3.5B | $3.3B | $2.5B | $3.8B |
| Shareholders' equity | $3.4B | $4.1B | $5.4B | $5.3B | $5.0B | $5.1B |
| Shares outstanding | 492.57m | 460.56m | 450.12m | 408.10m | 377.82m | 365.69m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $73 – $99 ±15.1% by Nov 20, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Smaller 75.3% priced · 89.8% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs less
Positioning
- Premium traded
- $5.7M calls $4.7M · puts $1.1M · latest session
- 0.23× -0.66 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +11.75k · puts +3.34k past week
For options traders: ATM IV 75.3% (-7.8% 1w) · 1m ÷ 3m IV 1.13 · 25Δ skew 1.9 pts · Net GEX $2.2M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 30, 2026 | Quarterly ↗ | Sep 25, 2026 | 35d |
| Jul 31, 2026 | Quarterly ↗ | Jun 26, 2026 | 35d |
| May 20, 2026 | Annual ↗ | Mar 31, 2026 | 50d |
| Feb 6, 2026 | Quarterly ↗ | Dec 31, 2025 | 37d |
| Oct 31, 2025 | Quarterly ↗ | Sep 26, 2025 | 35d |
| Jul 25, 2025 | Quarterly ↗ | Jun 27, 2025 | 28d |
| May 21, 2025 | Annual ↗ | Mar 31, 2025 | 51d |
| Jan 31, 2025 | Quarterly ↗ | Dec 31, 2024 | 31d |
| Oct 31, 2024 | Quarterly ↗ | Sep 27, 2024 | 34d |
| Jul 26, 2024 | Quarterly ↗ | Jun 28, 2024 | 28d |
| May 17, 2024 | Annual ↗ | Mar 31, 2024 | 47d |
| Feb 2, 2024 | Quarterly ↗ | Dec 31, 2023 | 33d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 28, 2026 | Results ↗ |
| Oct 14, 2026 | Material agreement · Acquisition or disposal · New obligation · Other events ↗ |
| Oct 13, 2026 | Unregistered share sale ↗ |
| Oct 5, 2026 | Material agreement · New obligation · Unregistered share sale · Other events ↗ |
| Oct 2, 2026 | Material agreement · New obligation ↗ |
| Sep 15, 2026 | Director or officer change · Other events ↗ |
| Sep 4, 2026 | Material agreement · Other events ↗ |
| Aug 7, 2026 | Shareholder vote · Other events ↗ |
| Jul 29, 2026 | Other events ↗ |
| Jul 29, 2026 | Results ↗ |
| Jun 12, 2026 | Director or officer change ↗ |
| Jun 2, 2026 | Material agreement · New obligation ↗ |