Flex Ltd. reported a fiscal year 2026 revenue of $27.9 billion, marking an 8% increase from $25.8 billion in the previous year. The company's net income from continuing operations rose to $880 million, a 5% increase compared to $838 million in fiscal year 2025. The growth in revenue was primarily driven by a significant 38% increase in the Cloud and Power Infrastructure (CPI) segment, which generated $6.6 billion, attributed to heightened demand in the data center market. In contrast, the Integrated Technology Solutions (ITS) segment saw a slight decline of 2%, while the Regulated Manufacturing Solutions (RMS) segment experienced a 5% increase in sales.
The company underwent notable strategic changes during the fiscal year, including the announcement of a planned spin-off of its CPI segment into a separate publicly traded entity, targeted for completion in the first quarter of calendar 2027. This decision follows a comprehensive review by the Board of Directors and management, aimed at enhancing operational focus and shareholder value. Additionally, Flex completed the acquisition of Electrical Power Products, Inc. for approximately $1.1 billion, further expanding its critical power solutions portfolio.
Operationally, Flex's workforce totaled approximately 150,000 employees as of March 31, 2026, with a balanced global manufacturing footprint that includes 50% of net sales from the Americas, 30% from Asia, and 20% from Europe. The company reported that its ten largest customers accounted for 45% of net sales, with no single customer exceeding 10% of total sales. The company also noted improvements in gross profit margins, which increased to 9.2% of net sales, driven by a favorable product mix and operational efficiencies.
Looking ahead, Flex anticipates continued growth driven by its strategic focus on advanced manufacturing and supply chain solutions, particularly in high-demand sectors such as data centers and healthcare. However, the company acknowledged potential risks, including geopolitical uncertainties, supply chain disruptions, and the impact of tariffs, which could affect future performance. Flex remains committed to enhancing its operational capabilities and addressing customer needs through innovation and strategic investments.
About FLEX LTD.
Flex Ltd. is a global contract manufacturer providing end-to-end design, engineering, supply chain, and manufacturing services for industries including data centers, automotive, healthcare, industrial, and consumer electronics. Its core offerings include proprietary products, power and cooling solutions, and integrated logistics. Flex leverages extensive global scale, technological expertise, and long-term customer relationships to deliver innovative, resilient, and sustainable manufacturing solutions.
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