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FLEX
Flex Ltd.NASDAQInformation TechnologyElectronic ComponentsSnapshot 2026-06-12
Intact
$149.71-1.50%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong. Earnings quality is mixed. Management's recent track record has been unsteady, with frequent changes. Risk is elevated, but the sector backdrop is a tailwind. Compared with sector peers, FLEX is above typical. Peer multiples imply a price about 38% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified. Rich on today's multiple, but the three-year horizon reads cheaper once expected earnings growth is included. If FLEX cuts guidance on the next call, that could be a meaningful negative. This read is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NASDAQ
- Sector
- Information Technology
- Industry
- Electronic Components
- Market cap
- $53.93B
- Employees
- 150,000
- IPO date
- 1996-06-28
- Next earnings
- 2026-07-23
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 8 valuation methods, at three horizons. Current price $149.71. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$110.10consensus
Range $86.40 – $152.72
vs price: +36% above
Method agreement — · 8 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$371.34consensus
Range $244.46 – $520.59
vs price: -60% below
Method agreement — · 6 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Re-ratingmedium confidence
At $150 FLEX trades at 45× p/e — 1.6× the 28× p/e peer median, and above its own 14× history. The market is re-rating it beyond its own range; our $110 fair value is medium-confidence here. Analysts: $95–$203. Not investment advice.
Multiple (P/E)
45.2x
peer 28.2x · own history 13.5x
Premium
1.6x peer
3.3x its own history
Growth the price needs
36%
our forecast 5%
Our fair value
$109.96
range $87.19 – $158.79
Analyst range(a guide on our number, not a target)Our number is in the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullexpensive — growth-justified12-month view
What's priced inUnjustified
The market is pricing in roughly 36% near-term growth, well above our forecast of about 5%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
80th pctl · Information Technology
Earnings quality
neutralOver the trailing year it converted 1.91x of net income into operating cash flow. Historically, Information Technology names rated neutral grew net income 62% of the time over the next year (vs 58% for the rest of the cohort, n=2831).
60th pctl · Information Technology
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates, the US dollar.
Management & capital allocation
volatileEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullishEPS revised +11.0% / 30d, n=9for period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.83 → $0.92 (+11.0% / 30d). 5 raised, 0 cut, 9 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 1 maintained. 91% of analysts rate Buy.
Price target activity
1 PT revisions / 30d. Avg target 25.4% above current price.
Material events
0 positive, 1 negative / 30d. See F4 management tile for the event list.
Market and fundamentals agree. Analysts are positioned bullishly on a fundamentally strong name.
Sector context
Intermediate · WeeklyManagement scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strongProvisional
- Capital allocation
- strong
- Earnings discipline
- neutral
- Margin discipline
- strong
- Post-call reaction
- strong
Met or beat guidance 100% of the last 1 guided quarters · 8.1% avg surprise
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$234.
How much price usually moves either way.
On a bad day, this stock has moved -$432.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,838.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- label change · valuation_labelsmall change
Valuation label changed from 'expensive' to 'full'.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceMonthsactive 7d
Watch for completion of the EP² acquisition
Why it matters: Finishing the EP² acquisition could boost Flex's growth and market position.
What confirms / what disproves
Confirms:A press release says EP² is now part of Flex's operations.
Disproves:There are delays or problems with the integration of EP².
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for FLEX yet.
This sector is also watching
- Watch for revenue growth in Information Technology to fall below the median.
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for FLEX and other Tech names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like APH, GLW, and TEL keep beating earnings and guiding higher, the Tech sector momentum should keep lifting FLEX and other Tech names. Worth watching these names for early signals.
- If FLEX raises forward guidance on the next earnings call (currently NEW as of 2026-05-05), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If FLEX cuts guidance on the next call (currently NEW as of 2026-05-05), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like APH, GLW, and TEL start missing or guiding lower, the Tech tailwind helping FLEX and other Tech names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-06-121d agoItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Executive Compensation Annual Incentive Bonus Plan for Fiscal 2027 On June 11, 2026, the Board of Directors (the “Board”) of Flex Ltd. (the “Company”) approved the Company’s Annual Incentive Bonus Plan for fiscal year 2027. The plan provides the Company’s executive officers with the opportunity to earn annual cash bonuses based upon the achieve…
Executive changeneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-6.3 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.