Flex (FLEX) Expected to Announce Quarterly Earnings on Wednesday

Flex (NASDAQ:FLEX) is projected to post its Q1 2026 quarterly earnings results before the market opens on Wednesday, July 23rd. Analysts expect Flex to post earnings of $0.63 per share and revenue of $6.27 billion for the quarter. Flex has set its FY 2026 guidance at 2.810-3.010 EPS and its Q1 2026 guidance at 0.580-0.660 EPS.

Flex (NASDAQ:FLEX) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Flex had a return on equity of 19.01% and a net margin of 3.25%. The firm had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter last year, the business posted $0.57 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts expect Flex to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flex Price Performance

NASDAQ:FLEX opened at $51.56 on Wednesday. Flex has a 52 week low of $25.11 and a 52 week high of $52.54. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $19.27 billion, a P/E ratio of 24.32, a P/E/G ratio of 1.93 and a beta of 1.07. The stock’s fifty day moving average is $45.18 and its two-hundred day moving average is $39.94.

Analyst Upgrades and Downgrades

Several research firms recently commented on FLEX. The Goldman Sachs Group reissued a “buy” rating on shares of Flex in a research note on Friday, July 11th. Bank of America upped their price objective on Flex from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. KeyCorp upped their target price on Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded Flex from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 27th. Finally, Barclays upped their price objective on Flex from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Flex presently has a consensus rating of “Buy” and a consensus target price of $49.43.

Insiders Place Their Bets

In other Flex news, COO Kwang Hooi Tan sold 8,509 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $45.01, for a total transaction of $382,990.09. Following the sale, the chief operating officer owned 276,136 shares in the company, valued at approximately $12,428,881.36. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael P. Hartung sold 6,887 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $45.01, for a total value of $309,983.87. Following the sale, the insider owned 303,718 shares in the company, valued at $13,670,347.18. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,135,941 shares of company stock worth $47,582,965. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in Flex in the first quarter worth about $397,000. Goldman Sachs Group Inc. boosted its stake in Flex by 19.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock valued at $42,314,000 after acquiring an additional 211,046 shares during the period. Finally, Brighton Jones LLC bought a new stake in shares of Flex during the fourth quarter valued at approximately $260,000. 94.30% of the stock is owned by hedge funds and other institutional investors.

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.