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Flex Ltd FLEX

Flex Ltd scores weak on business quality (4.0 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$119.83Oct 9, 2026
Business qualityWeak
Next earningsOct 28, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Flex Ltd does

    Flex Ltd manufactures electronics for major brands, generating $29.3B in revenue by providing global supply chain, design, and manufacturing services to tech and industrial companies. The company is leaning into specialized manufacturing solutions to capture higher-margin industrial and cloud infrastructure demand.

  2. What it does best

    Flex excels at scaled contract manufacturing, managing $29.3B in revenue with a gross margin of 9.5% that edges out peer JBL at 9.2%. Its massive global footprint makes duplicating its cost structure nearly impossible for smaller rivals.

  3. The main risk

    Heavy reliance on global supply chains exposes Flex to margin compression if component costs surge or tariff disputes disrupt its multi-country assembly operations.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Gross margin sits at 9.5% and operating margin at 5.4%, yielding a low profitability score of 1.5 as thin manufacturing spreads limit earnings power on $29.3B in revenue.

MoatFair

Scale and global manufacturing footprint lock in major enterprise clients who cannot easily relocate billions in production lines. Gross margin sits in the bottom quartile of the sector at 9.5%.

GrowthSlow

Revenue grew 8.1% to reach $29.3B, accelerating compared to the contraction seen in the 2024 annual period where revenue dropped to $26.4B.

Financial healthFair

Debt-to-equity sits at 0.73 with interest coverage at 7.0x, leaving narrow room for error. Free cash flow reached $826M on $1.6B of operating cash flow, showing steady cash generation.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $332K outside pre-planned sales.

Our sealed record on FLEX

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is FLEX a good business?

Flex Ltd scores weak on the Cluenex quality check (4.0 of 10), measured against its own industry. Profitability is weak, moat fair, growth slow and financial health fair.

Are insiders buying FLEX?

In the last 90 days of SEC Form 4 filings: 1 sold $332K outside pre-planned sales.

When does FLEX report earnings?

Oct 28, 2026.

For members

See FLEX today

  • Today's verdict on FLEX, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Flex Ltd (FLEX)”, https://cluenex.com/stocks/flex/, data as of Oct 10, 2026.