Flex (FLEX) Expected to Announce Earnings on Wednesday

Flex (NASDAQ:FLEX) is expected to issue its Q1 2026 quarterly earnings data before the market opens on Wednesday, July 23rd. Analysts expect the company to announce 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 released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.22 billion. Flex had a net margin of 3.25% and a return on equity of 19.01%. Flex’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. On average, analysts expect Flex to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flex Trading Down 0.8%

Shares of Flex stock opened at $51.56 on Wednesday. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.93 and a beta of 1.07. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. Flex has a 12-month low of $25.11 and a 12-month high of $52.54. The firm’s 50-day moving average price is $45.18 and its two-hundred day moving average price is $39.94.

Insider Buying and Selling

In other news, EVP David Scott Offer sold 87,093 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $36.43, for a total transaction of $3,172,797.99. Following the sale, the executive vice president directly owned 71,001 shares of the company’s stock, valued at $2,586,566.43. This represents a 55.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kwang Hooi Tan sold 37,533 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $42.87, for a total value of $1,609,039.71. Following the sale, the chief operating officer directly owned 269,151 shares in the company, valued at $11,538,503.37. This trade represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,135,941 shares of company stock valued at $47,582,965. Insiders own 0.57% of the company’s stock.

Institutional Trading of Flex

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in shares of Flex by 19.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,279,137 shares of the technology company’s stock worth $42,314,000 after buying an additional 211,046 shares in the last quarter. Empowered Funds LLC bought a new stake in Flex during the first quarter valued at about $397,000. Finally, Brighton Jones LLC purchased a new stake in Flex in the fourth quarter valued at about $260,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FLEX shares. JPMorgan Chase & Co. reduced their price target on shares of Flex from $52.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. KeyCorp raised their target price on shares of Flex from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded shares of Flex from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 27th. The Goldman Sachs Group reissued a “buy” rating on shares of Flex in a research note on Friday, July 11th. Finally, Bank of America lifted their target price on shares of Flex from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $49.43.

About Flex

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.