Flex Ltd. (FLEX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 7.48B | 7.06B | 6.8B | 6.58B | 6.4B | 6.56B | 6.54B | 6.31B | 4.5B | 6.42B | 6.93B | 6.89B | 7.48B | 7.76B | 7.77B | 7.35B | 6.85B | 6.62B | 6.23B | 6.34B |
| Revenue Growth % | 16.86% | 7.66% | 3.96% | 4.13% | 42.02% | 2.1% | -5.6% | -8.39% | -39.75% | -17.21% | -10.73% | -6.19% | 9.14% | 17.18% | 24.67% | 15.85% | 9.34% | -1.5% | 4.08% | 23.07% |
| Cost of Goods Sold | 6.75B | 6.37B | 6.19B | 6B | 5.83B | 5.96B | 6.01B | 5.84B | 4.53B | 5.99B | 6.41B | 6.42B | 6.92B | 7.17B | 7.17B | 6.81B | 6.35B | 6.13B | 5.76B | 5.87B |
| COGS % of Revenue | 90.24% | 90.29% | 90.98% | 91.3% | 91.2% | 90.94% | 91.89% | 92.54% | 100.64% | 93.26% | 92.51% | 93.09% | 92.56% | 92.48% | 92.39% | 92.72% | 92.64% | 92.58% | 92.53% | 92.57% |
| Gross Profit | 730M | 685M | 614M | 572M | 563M | 594M | 531M | 471M | -29M | 433M | 519M | 476M | 556M | 583M | 591M | 535M | 504M | 491M | 465M | 471M |
| Gross Margin % | 9.76% | 9.71% | 9.02% | 8.7% | 8.8% | 9.06% | 8.11% | 7.46% | -0.64% | 6.74% | 7.49% | 6.91% | 7.44% | 7.52% | 7.61% | 7.28% | 7.36% | 7.42% | 7.47% | 7.43% |
| Gross Profit Growth % | 29.66% | 15.32% | 15.63% | 21.44% | 2041.38% | 37.18% | 2.31% | -1.05% | -105.22% | -25.73% | -12.18% | -11.03% | 10.32% | 18.74% | 27.1% | 13.59% | -1.18% | 2.51% | 17.72% | 54.93% |
| Operating Expenses | 305M | 285M | 318M | 261M | 258M | 260M | 234M | 238M | 133M | 235M | 238M | 261M | 290M | 262M | 266M | 263M | 277M | 240M | 228M | 216M |
| OpEx % of Revenue | 4.08% | 4.04% | 4.67% | 3.97% | 4.03% | 3.97% | 3.58% | 3.77% | 2.95% | 3.66% | 3.43% | 3.79% | 3.88% | 3.38% | 3.43% | 3.58% | 4.04% | 3.63% | 3.66% | 3.41% |
| Selling, General & Admin | 289M | 270M | 260M | 233M | 234M | 241M | 216M | 213M | 116M | 205M | 221M | 235M | 266M | 243M | 245M | 241M | 254M | 225M | 213M | 201M |
| SG&A % of Revenue | 3.87% | 3.83% | 3.82% | 3.54% | 3.66% | 3.68% | 3.3% | 3.37% | 2.57% | 3.19% | 3.19% | 3.41% | 3.56% | 3.13% | 3.15% | 3.28% | 3.71% | 3.4% | 3.42% | 3.17% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 425M | 400M | 296M | 311M | 305M | 334M | 297M | 233M | -162M | 198M | 281M | 215M | 266M | 321M | 325M | 272M | 227M | 251M | 237M | 255M |
| Operating Margin % | 5.68% | 5.67% | 4.35% | 4.73% | 4.77% | 5.09% | 4.54% | 3.69% | -3.6% | 3.08% | 4.05% | 3.12% | 3.56% | 4.14% | 4.18% | 3.7% | 3.31% | 3.79% | 3.8% | 4.02% |
| Operating Income Growth % | 39.34% | 19.76% | -0.34% | 33.48% | 288.27% | 68.69% | 5.69% | 8.37% | -160.9% | -38.32% | -13.54% | -20.96% | 17.18% | 27.89% | 37.13% | 6.67% | -20.07% | 4.58% | 35.43% | 160.2% |
| EBITDA | 555M | 535M | 452M | 453M | 443M | 478M | 428M | 359M | -15M | 328M | 408M | 348M | 396M | 445M | 448M | 396M | 354M | 372M | 355M | 373M |
| EBITDA Margin % | 7.42% | 7.58% | 6.64% | 6.89% | 6.92% | 7.29% | 6.54% | 5.69% | -0.33% | 5.11% | 5.88% | 5.05% | 5.3% | 5.74% | 5.77% | 5.39% | 5.17% | 5.62% | 5.7% | 5.88% |
| EBITDA Growth % | 25.28% | 11.92% | 5.61% | 26.18% | 3053.33% | 45.73% | 4.9% | 3.16% | -103.79% | -26.29% | -8.93% | -12.12% | 11.86% | 19.62% | 26.2% | 6.17% | 8.26% | -3.88% | 6.61% | 67.26% |
| D&A (Non-Cash Add-back) | 130M | 135M | 156M | 142M | 138M | 144M | 131M | 126M | 147M | 130M | 127M | 133M | 130M | 124M | 123M | 124M | 127M | 121M | 118M | 118M |
| EBIT | 375M | 378M | 314M | 297M | 331M | 345M | 317M | 248M | -163M | 202M | 282M | 220M | 282M | 324M | 324M | 275M | 237M | 281M | 408M | 272M |
| Net Interest Income | -47M | -43M | -42M | -32M | -39M | -34M | -30M | -27M | -40M | -26M | -23M | -28M | -50M | -54M | -47M | -43M | -37M | -35M | -33M | -35M |
| Interest Income | 13M | 15M | 10M | 13M | 13M | 16M | 16M | 16M | 12M | 13M | 15M | 16M | 13M | 8M | 5M | 0 | 3M | 3M | 4M | 4M |
| Interest Expense | 60M | 58M | 52M | 45M | 52M | 50M | 46M | 43M | 52M | 39M | 38M | 44M | 63M | 62M | 52M | 43M | 40M | 38M | 37M | 39M |
| Other Income/Expense | -110M | -80M | -34M | -65M | -26M | -46M | -33M | -41M | -43M | -46M | -48M | -51M | -58M | -59M | -53M | -40M | -30M | -8M | 134M | -22M |
| Pretax Income | 315M | 320M | 262M | 246M | 279M | 288M | 264M | 192M | -205M | 152M | 233M | 164M | 208M | 262M | 272M | 232M | 197M | 243M | 371M | 233M |
| Pretax Margin % | 4.21% | 4.53% | 3.85% | 3.74% | 4.36% | 4.39% | 4.03% | 3.04% | -4.55% | 2.37% | 3.36% | 2.38% | 2.78% | 3.38% | 3.5% | 3.16% | 2.88% | 3.67% | 5.96% | 3.67% |
| Income Tax | 65M | 81M | 63M | 54M | 57M | 25M | 50M | 53M | -227M | 23M | 32M | 17M | -155M | 25M | 34M | 37M | 26M | 16M | 35M | 27M |
| Effective Tax Rate % | 20.63% | 25.31% | 24.05% | 21.95% | 20.43% | 8.68% | 18.94% | 27.6% | 110.73% | 15.13% | 13.73% | 10.37% | -74.52% | 9.54% | 12.5% | 15.95% | 13.2% | 6.58% | 9.43% | 11.59% |
| Net Income | 250M | 239M | 199M | 192M | 222M | 263M | 214M | 139M | 395M | 197M | 228M | 186M | 142M | 230M | 232M | 189M | 167M | 227M | 336M | 206M |
| Net Margin % | 3.34% | 3.39% | 2.92% | 2.92% | 3.47% | 4.01% | 3.27% | 2.2% | 8.77% | 3.07% | 3.29% | 2.7% | 1.9% | 2.97% | 2.99% | 2.57% | 2.44% | 3.43% | 5.39% | 3.25% |
| Net Income Growth % | 12.61% | -9.13% | -7.01% | 38.13% | -43.8% | 33.5% | -6.14% | -25.27% | 178.17% | -14.35% | -1.72% | -1.59% | -14.97% | 1.32% | -30.95% | -8.25% | -30.42% | 9.13% | 197.35% | 296.15% |
| Net Income (Continuing) | 250M | 239M | 199M | 192M | 222M | 263M | 214M | 139M | 22M | 129M | 201M | 147M | 363M | 237M | 238M | 195M | 171M | 227M | 336M | 206M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 480M | 450M | 380M | 355M | 97M | 90M | 84M | 78M | 0 | 0 | 0 |
| EPS (Diluted) | 0.67 | 0.64 | 0.52 | 0.50 | 0.57 | 0.67 | 0.54 | 0.34 | 0.93 | 0.45 | 0.51 | 0.41 | 0.31 | 0.50 | 0.50 | 0.40 | 0.36 | 0.48 | 0.69 | 0.41 |
| EPS Growth % | 17.54% | -4.48% | -3.7% | 47.06% | -38.71% | 48.89% | 5.88% | -17.07% | 200% | -10% | 2% | 2.5% | -13.89% | 4.17% | -27.54% | -2.44% | -23.4% | 17.07% | 213.64% | 310% |
| EPS (Basic) | 0.67 | 0.64 | 0.52 | 0.50 | 0.57 | 0.68 | 0.54 | 0.35 | 0.94 | 0.46 | 0.51 | 0.42 | 0.32 | 0.51 | 0.51 | 0.41 | 0.36 | 0.48 | 0.70 | 0.42 |
| Diluted Shares Outstanding | 374M | 376M | 380M | 381M | 389M | 394M | 400M | 411M | 425M | 436M | 448M | 455M | 459M | 459M | 460M | 468M | 471M | 474M | 487M | 499M |
| Basic Shares Outstanding | 374M | 376M | 380M | 381M | 389M | 387M | 394M | 399.38M | 421.16M | 431M | 443M | 447M | 450.12M | 452M | 455M | 458M | 461M | 469M | 482M | 491M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |