Earnings summaries and quarterly performance for FLEX.
Executive leadership at FLEX.
Revathi Advaithi
Detailed
Chief Executive Officer
CEO
DJ
Daniel J. Wendler
Detailed
Chief Accounting Officer
HT
Hooi Tan
Detailed
Chief Operating Officer
KK
Kevin Krumm
Detailed
Chief Financial Officer
MP
Michael P. Hartung
Detailed
President, Chief Commercial Officer
SO
Scott Offer
Detailed
Executive Vice President and General Counsel
Board of directors at FLEX.
CK
Charles K. Stevens, III
Detailed
Director
EL
Erin L. McSweeney
Detailed
Director
JD
John D. Harris II
Detailed
Director
LK
Lay Koon Tan
Detailed
Director
MS
Maryrose Sylvester
Detailed
Director
ME
Michael E. Hurlston
Detailed
Director
PJ
Patrick J. Ward
Detailed
Director
WD
William D. Watkins
Detailed
Independent Chair of the Board
Research analysts who have asked questions during FLEX earnings calls.
RB
Ruplu Bhattacharya
Bank of America
6 questions for FLEX
Also covers: ARW, AVT, CDW +13 more
SC
Samik Chatterjee
JPMorgan Chase & Co.
6 questions for FLEX
Also covers: AAPL, ANET, APH +32 more
MD
Mark Delaney
The Goldman Sachs Group, Inc.
5 questions for FLEX
Also covers: APH, APTV, AUR +22 more
SF
Steven Fox
Fox Research
5 questions for FLEX
Also covers: AMKR, APH, BDC +23 more
SB
Steve Barger
KeyBanc Capital Markets Inc.
3 questions for FLEX
Also covers: AEIS, AME, AMKR +12 more
GW
George Wang
Barclays PLC
2 questions for FLEX
Also covers: CDW, JBL, NTNX +2 more
JM
Jacob Moore
Sidoti & Company, LLC
2 questions for FLEX
Also covers: AME, FSS, KMT +3 more
Tim Long
Barclays
2 questions for FLEX
Also covers: ANET, CIEN, CLS +10 more
Christian Zyla
KeyBanc Capital Markets
1 question for FLEX
Also covers: MYE, OSK, PKOH +1 more
DW
Dong Wang
Nomura Instinet
1 question for FLEX
Also covers: CDW, CLS, CRSR +6 more
Recent press releases and 8-K filings for FLEX.
Flex Details Strong Data Center Growth and Margin Expansion, Highlights Innovation and Diversified Opportunities
FLEX
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Flex's data center business, encompassing cloud and power solutions, is a primary growth engine, achieving approximately 50% growth last fiscal year and projected 35% plus growth this year. This segment also drives margin expansion, with cloud margins above Flex average and power products in the mid-teens.
- The company has significantly improved its operating margins, reaching approximately 6% in the last four quarters, a year ahead of its May 2024 target, and anticipates further margin expansion, with the data center business being a key contributor.
- Flex is addressing critical data center challenges in power, heat, and scale through innovations such as modular critical power solutions, development of 800-volt architectures (including a partnership with NVIDIA), and proprietary JetCool technology for advanced chip cooling.
- Beyond data centers, Flex is pursuing growth in digital infrastructure, automation, medical devices (e.g., continuous glucose monitors, GLP-1 opportunities), and automotive (centralized compute platforms for software-defined vehicles and power platforms).
Dec 10, 2025, 5:15 PM
Flex Highlights Data Center Growth and Margin Expansion at Barclays Conference
FLEX
Revenue Acceleration/Inflection
New Projects/Investments
- Flex's data center business, which includes cloud and power segments, grew 50% in the last fiscal year and is projected to grow 35%+ this year. This segment is a significant contributor to margin expansion, with cloud business margins exceeding the company average and power products achieving mid-teen margins.
- The company has successfully improved its operating margins, reaching approximately 6% in the last four quarters, which is a year ahead of its May 2024 target, and anticipates further margin expansion beyond this level.
- Flex is strategically addressing power, heat, and scale challenges in data centers through innovations such as modular critical power solutions, enabling one-megawatt racks on 800-volt architectures (including a partnership with NVIDIA), and proprietary JetCool technology for targeted chip cooling.
- The company leverages its vertically integrated rack integration capabilities and its role in manufacturing complex accelerator hardware for custom ASICs, utilizing its EMS, products, and services strategy to achieve higher margins.
- Beyond data centers, Flex is pursuing growth opportunities in digital infrastructure (high-speed networking, satellite communications), industrial automation, medical devices (e.g., continuous glucose monitors), and long-term automotive trends such as software-defined vehicles and power platforms.
Dec 10, 2025, 5:15 PM
Flex Ltd. Discusses Growth in AI Data Center Business and Margin Expansion
FLEX
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Flex Ltd. is a contract manufacturing company with approximately $26 billion in revenue.
- The company's AI data center utility space accounts for 25% of its business and is growing at 35%, with projected revenue of $6.5 billion for fiscal year 2025.
- Flex has significantly improved its operating margin from 3% to 6% over the past seven years, with expectations for continued expansion driven by mix shift towards high-growth areas like data centers and AI-driven productivity enhancements.
- Strategic acquisitions, such as Crown Technical Systems for utility presence and power pods, and JetCool for liquid cooling, are expanding Flex's integrated data center solutions.
- The company is experiencing substantial benefits from AI CapEx investments, with its data center business showing rapid growth and significant capacity investments in North America and Europe.
Dec 9, 2025, 1:30 PM
Flex CEO Highlights AI Data Center Growth and Margin Expansion
FLEX
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- Flex, a contract manufacturing company with approximately $26 billion in revenue, is experiencing significant growth in its AI data center utility space, which currently accounts for 25% of the company and is growing at 35%.
- The company has successfully expanded its operating margin from 3% to 6% over the last seven years, with expectations for continued expansion driven by a mix shift towards higher-margin areas like data centers and productivity enhancements from AI.
- Flex's data center business is projected to reach $6.5 billion this fiscal year and differentiates itself by offering integrated solutions for compute, liquid cooling, and power, from chip to grid.
- Strategic acquisitions, including Crown Technical Systems for utility presence and power pod capabilities, and JetCool for liquid cooling, are bolstering Flex's end-to-end data center offerings.
Dec 9, 2025, 1:30 PM
Flex CEO Discusses Growth in AI Data Center and Margin Expansion
FLEX
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- Flex is a contract manufacturing company with approximately $26 billion in revenue, operating across five major end markets including Cloud Enterprise Communication (CEC), healthcare, automotive, industrial, lifestyle, and consumer devices.
- The AI data center utility space represents 25% of the company's revenue and is projected to reach $6.5 billion this fiscal year (FY2025), growing at 35%. This segment focuses on compute integration, liquid cooling, and power solutions, including power pods.
- Flex has successfully increased its operating margin from 3% to 6% over the last seven years, driven by portfolio mix shift and productivity enhancements.
- Strategic acquisitions, such as Crown Technical Systems for power pod capabilities and utility sector presence in the U.S., and JetCool for liquid cooling (cold plates and CDUs), have bolstered Flex's offerings in the data center space.
- The company is significantly benefiting from AI CapEx investments, with data center capacity having doubled in the last year.
Dec 9, 2025, 1:30 PM
Flex Highlights Strong Data Center Growth and Margin Expansion at UBS Conference
FLEX
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Flex's data center business is a primary growth driver, projected to reach approximately $6.8 billion this year with 35% or more growth, building on 50% growth to $4.8 billion last year. This expansion is driven by strong demand from hyperscalers, colos, and silicon providers, particularly in AI and digital infrastructure.
- The company is experiencing unparalleled investment in the data center market, with a focus on integrated, modular solutions, which has resulted in a 30% reduction in lead times for power pods.
- Flex's data center business is its highest margin and fastest-growing segment, operating above the corporate average. Both Agility and Reliability segments have achieved operating margins at or above 6%, a year ahead of schedule.
- Strategic portfolio optimization includes a $2 billion reduction in low-margin consumer devices, replaced by higher-margin, longer product lifecycle businesses. Cost increases from regionalization are largely pass-through to customers, preserving margins.
- Flex is actively investing in capacity expansion across North America, Europe, and Southeast Asia to meet customer demand and support continued growth.
Dec 4, 2025, 4:35 PM
Flex Discusses Data Center Growth, Margin Expansion, and Strategic Shifts at UBS Conference
FLEX
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Flex's data center business, a primary growth driver, achieved $4.8 billion with a 50% growth rate in the previous fiscal year and is projected to grow 35% or more to approximately $6.8 billion in the current fiscal year.
- The company's fastest-growing business, the data center segment, is also its highest margin business, operating at margins above the corporate average. Both the Agility and Reliability segments are operating at or above 6% operating margin, which was achieved a year earlier than committed, with expectations for continued margin expansion.
- Flex is strategically focusing on integrated data center solutions, such as 1 MW racks and modular deployments, which are expected to reduce construction lead times by 30%.
- The company has intentionally reduced its high-volume, low-margin consumer devices business by $2 billion over the past few years, replacing it with higher-margin, longer product lifecycle businesses to enhance overall margins.
Dec 4, 2025, 4:35 PM
Flex Details Data Center Growth and Strategic Investments
FLEX
Revenue Acceleration/Inflection
New Projects/Investments
Product Launch
- Flex's data center business is a significant growth area, projected to reach $6.5 billion in fiscal year 2025, accounting for 25% of total revenue, and is expected to grow by 35% or more in fiscal year 2026.
- The company is actively investing in capacity expansion across compute, cooling, and power, as it is currently unable to meet demand.
- Flex is advancing its power and cooling solutions, including 400-volt DC products expected to ramp production late next year, and is expanding its PowerPod modular solutions to integrate IT and cooling for faster data center deployment.
- Strategic moves like the acquisition of Crown Technical in 2024 and a new partnership with LG for thermal management solutions are bolstering Flex's comprehensive offerings for the data center and utility markets.
- Flex anticipates continued margin progression, driven by a favorable mix uplift from high-growth sectors and internal productivity, with an implied Q4 operating margin guide of 6.8%.
Dec 4, 2025, 3:10 PM
Flex Highlights Strong Data Center Growth and Strategic Investments
FLEX
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Flex projects its data center business to reach approximately $6.5 billion in revenue for fiscal 2025, accounting for 25% of total revenue, with an anticipated growth of 35-plus% for the year.
- The power business, a significant part of its data center offerings, is expected to generate $1.3 billion in revenue in fiscal 2025.
- To meet high demand, Flex is undertaking significant capacity expansions across its compute, cooling, and power segments, with investments in facilities in Dallas, Mexico, and various US locations.
- Strategic initiatives include the development of 400-volt DC rack products (with production ramping late next calendar year) and modular solutions (PowerPods, IT pods, cooling pods), which are expected to increase revenue per megawatt and accelerate customer deployment.
- The company forecasts continued margin progression, with an implied Q4 operating margin guide of 6.8%, attributed to a favorable mix from high-growth areas like data centers and internal productivity enhancements.
Dec 4, 2025, 3:10 PM
FLEX LTD. Completes Debt Offering
FLEX
Debt Issuance
- FLEX LTD. completed the sale of $150,000,000 aggregate principal amount of its 5.250% Notes due 2032 and $600,000,000 aggregate principal amount of its 5.375% Notes due 2035 on November 13, 2025.
- The 5.250% Notes due 2032 will mature on January 15, 2032, with interest payable semi-annually beginning January 15, 2026.
- The 5.375% Notes due 2035 will mature on November 13, 2035, with interest payable semi-annually beginning May 13, 2026.
- The net proceeds from this offering are intended to repay or redeem the company's $675.0 million aggregate principal amount of 3.750% Notes due February 2026.
Nov 13, 2025, 9:11 PM
Quarterly earnings call transcripts for FLEX.
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