Flex Ltd. (FLEX)

Nasdaq: FLEX · Printed Circuit Boards · Austin, TX · filing with the SEC since 1996

Grade5.2

◀ Past 5.0● Present 5.8▶ Future 4.7

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in March.

Income statement, by fiscal year, newest first
Fiscal year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Report filed	May 20, 2026	May 21, 2025	May 17, 2024	May 19, 2023	May 20, 2022	May 19, 2021	May 28, 2020	May 21, 2019	Jun 14, 2018	May 16, 2017
Revenue	27,914,000	25,813,000	26,415,000	28,502,000^r	24,633,000^r	24,124,000	24,210,000^r	26,211,000^r	25,441,131	23,862,934
For lenders
Net interest income	·	·	·	-201,000	-152,000	-148,000	·	·	·	·
Cost of revenue	25,288,000	23,584,000	24,395,000	26,503,000^r	22,838,000^r	22,349,000	22,681,000^r	24,594,000^r	23,778,404	22,303,231
Gross profit	2,567,000	2,159,000	1,865,000	1,976,000^r	1,780,000^r	1,687,000	1,339,000^r	1,518,000^r	1,595,882	1,520,945
Research and development	·	·	·	·	·	·	·	·	78,200	65,600
Selling, general and administrative	1,052,000	904,000	922,000	874,000^r	830,000^r	817,000	834,000^r	953,000^r	1,019,399	937,339
Operating income	1,368,000	1,169,000	853,000	1,017,000^r	890,000^r	795,000	415,000	·	·	·
Interest expense	197,000	185,000	161,000	191,000^r	160,000^r	150,000	146,000^r	146,000^r	123,098	107,978
Interest and investment income	51,000	61,000	56,000	30,000	14,000	14,000	19,000^r	19,000^r	18,840^r	12,084^r
Share of profit of equity-method investments	-31,000	-3,000	8,000	-4,000	61,000	83,000	·	·	·	·
Other income (expense), net	-30,000	14,000	-44,000	-6,000^r	165,000^r	-16,000^r	-82,000^r	-120,000^r	169,719^r	-21,193^r
Income before income taxes	1,143,000	1,023,000	666,000	807,000^r	964,000^r	714,000	159,000^r	182,000^r	520,893	370,848
Income tax expense	263,000	185,000	-206,000	124,000^r	92,000^r	101,000	71,000^r	89,000^r	92,359	51,284
Income from continuing operations	880,000	838,000	872,000	683,000	872,000	·	·	·	·	·
Income from discontinued operations	0	0	373,000	350,000	68,000	·	·	·	·	·
Net income including non-controlling interests	880,000	838,000	1,245,000	1,033,000	940,000	613,000	88,000^r	93,000^r	420,961	311,072
Net income to non-controlling interests	0	0	239,000	240,000	4,000	0	0	·	·	·
Net income	880,000	838,000	1,006,000	793,000	936,000	613,000	88,000^r	93,000^r	428,534	319,564
Earnings per share, basic	2.37	2.14	2.31	1.75	1.97	1.23	0.17	0.18	0.81	0.59
Earnings per share, diluted	2.33	2.11	2.28	1.72	1.94	1.21	0.17	0.18	0.80	0.59
Weighted average shares, basic	371,000	391,000	435,000	454,000	476,000	499,000	509,000^r	527,000^r	529,782	540,503
Weighted average shares, diluted	378,000	398,000	441,000	462,000	483,000	506,000	512,000^r	530,000^r	536,598	546,220

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpenseDebt

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest

Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton FLEX · research, not advice