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Mar 31

Flex Q4 2025 Earnings Report

Flex reported strong Q4 2025 results with higher operating and net income versus the prior year.

Key Takeaways

Flex ended Q4 FY2025 with $6.4B in revenue, $305M in operating income, and $222M in net income. Adjusted EPS reached $0.73, marking continued growth momentum.

Total Revenue
$6.4B
Previous year: $6.17B
+3.7%
EPS
$0.73
Previous year: $0.57
+28.1%
Adjusted operating income
$396M
Previous year: $333M
+18.9%
Adjusted net income
$285M
Previous year: $244M
+16.8%
Gross Profit
$563M
Previous year: $511M
+10.2%
Cash and Equivalents
$2.29B
Previous year: $2.47B
-7.5%
Free Cash Flow
$1.07B
Previous year: $396M
+169.2%
Total Assets
$18.4B
Previous year: $18.3B
+0.7%

Flex

Flex

Forward Guidance

Flex expects Q1 FY2026 revenue between $6.0B and $6.5B, with adjusted EPS in the $0.58 to $0.66 range. FY2026 guidance points to sustained growth in earnings and sales.

Positive Outlook

  • Q1 FY2026 revenue guided between $6.0B and $6.5B
  • Adjusted operating income forecasted between $330M and $370M
  • Q1 FY2026 adjusted EPS expected in range of $0.58 to $0.66
  • FY2026 adjusted EPS outlook of $2.81 to $3.01
  • Strong demand anticipated from data center customers

Challenges Ahead

  • GAAP EPS expected to be lower than adjusted EPS due to stock-based comp and amortization
  • Potential macroeconomic risks could affect FY2026 outlook
  • Geopolitical and trade tensions remain a risk
  • Possible impact from supply chain disruptions
  • Labor and energy cost pressures may affect margins