Mostly Markets
Subscribe
Stocks/Information Technology/Electronic Manufacturing Services

FlexFLEX

Electronic Manufacturing Services · Austin, Texas · In the S&P 500
Cheaper than peers
$86.48−7.08%After hours: $86.40 (−0.09%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 30.8% over 1 year
Flex over 1 yearDaily close, $, to 30 Oct 2026
$100$150Nov2026MarMayJulSep$86.48$100$150NovMarJul$86.48
Source: Nasdaq daily closes
Market value$31.95B
Price to earnings31.2x
Forward P/E16.0x
Dividend yield–
Year to date+43.1%
One year+30.8%
Next earningsNot scheduled
SectorInformation Technology
52-week range (closes)
$54.51$162.07

Quality and valuation

How Flex compares with other information technology stocks. A description, not a recommendation.

Flex and 6 electronic manufacturing services peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: cheaper than most

A weaker business than most information technology companies, priced below most of them.

Flex trades at 16.0 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +17.5% vs +20.6%
  • Keeps less of each sale (gross margin): 9.5% vs 61.5%
  • Less profitable (operating margin): 5.1% vs 17.0%
  • Turns less of its sales into cash: 2.5% vs 21.7%
FLEX trades at 16.0x forward earnings, below the sector medianForward p/e, Electronic Manufacturing Services peers
MU5.0xFLEX16.0xNVDA16.9xAVGO18.8xTSM19.8xMSFT26.5xAAPL37.4xAMD44.8xSector median 22.2xMU5.0xFLEX16.0xNVDA16.9xAVGO18.8xTSM19.8xMSFT26.5xAAPL37.4xAMD44.8xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 31.2x earnings, FLEX is pricier than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x40x60xAverage 29.9x2025202631.2x25x50xAverage 29.9x2025202631.2x
Source: Nasdaq prices; SEC filings

Financials

From Flex's SEC filings, through the quarter ending 25 Sep 2026. Hover or tap a bar for its value.

Revenue grew 24.8% from a year earlierQuarterly revenue, $bn, latest Q2 ’27
$0bn$2bn$5bn$8bnQ3 ’25Q1 ’26Q3 ’26$8.5bnQ2 ’27$0bn$5bnQ3 ’25Q1 ’26Q3 ’26$8.5bnQ2 ’27
Source: SEC filings
Growth sped up to +24.8% last quarterRevenue growth, year on year, %
0%10%20%Q3 ’25Q1 ’26Q3 ’2624.8%Q2 ’270%10%20%Q3 ’25Q1 ’26Q3 ’2624.8%Q2 ’27
Source: SEC filings
Operating margin was 4.9% last quarterOperating income as a share of revenue, %
0%2%4%Q3 ’25Q1 ’26Q3 ’264.9%Q2 ’270%2%4%Q3 ’25Q1 ’26Q3 ’264.9%Q2 ’27
Source: SEC filings
Free cash flow was $783 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$100m$200m$300mQ3 ’25Q1 ’26Q3 ’26$260mQ2 ’27$0m$200mQ3 ’25Q1 ’26Q3 ’26$260mQ2 ’27
Source: SEC filings
Last 12 monthsFLEXSector median
Revenue growth+17.5%+20.6%
Gross margin9.5%61.5%
Operating margin5.1%17.0%
Free cash flow margin2.5%21.7%
Price to earnings31.2x33.1x

Stories on Flex

We haven't written about Flex yet. Follow it, and its first story will show under My stocks on the front page.

Similar companies

Electronic Manufacturing Services, by market value.

CompanyPriceTodayYTDValue
AAPLApple$344.63−1.23%+26.8%$5.03T
NVDANvidia$204.64−4.22%+9.7%$4.93T
MSFTMicrosoft$521.91−1.55%+7.9%$3.88T
TSMTaiwan Semiconductor$406.13−5.95%+33.6%$2.11T
AVGOBroadcom$326.08−5.48%−5.8%$1.56T
MUMicron Technology$884.74−5.30%+210.0%$1.00T
AMDAMD$504.80−10.88%+135.7%$824B
ASMLASML$1,565.90−6.55%+46.4%$608B