Flex Ltd. filed its quarterly report on Form 10-Q with the SEC on October 30, 2026, covering the three-month and six-month periods ended September 25, 2026, and reporting net income of $548 million for the first half of the fiscal year.

Key Highlights

  • Net sales of $8,491 million for the three-month period ended September 25, 2026, compared to $6,804 million in the same period of the prior year, according to the filing.
  • Six-month net income of $548 million ($1.47 diluted earnings per share), up from $391 million ($1.03 diluted EPS) for the six-month period ended September 26, 2025.
  • Total assets of $27,377 million as of September 25, 2026, compared to $22,060 million as of March 31, 2026.
  • Cash and cash equivalents of $3,083 million as of September 25, 2026, up from $2,389 million at March 31, 2026.
  • Long-term debt of $5,213 million as of September 25, 2026, compared to $3,751 million as of March 31, 2026.
  • 369,460,804 ordinary shares outstanding as of October 23, 2026, as reported on the cover page of the filing.

Flex Ltd. Financial Results for the Quarter and Half-Year Ended September 25, 2026

Flex Ltd. (NASDAQ:FLEX), incorporated in Singapore and headquartered in Austin, Texas, reported net sales of $8,491 million for the three-month period ended September 25, 2026, according to the filing. This compares to $6,804 million for the three-month period ended September 26, 2025. Gross profit for the quarter was $812 million, up from $614 million in the year-earlier period. Operating income for the quarter was $414 million, versus $296 million a year prior. Net income for the quarter was $263 million, or $0.70 per diluted share, compared to $199 million, or $0.52 per diluted share, in the prior-year quarter.

For the six-month period ended September 25, 2026, the company disclosed net sales of $16,419 million and operating income of $806 million, against $13,379 million and $607 million, respectively, for the six-month period ended September 26, 2025. Provision for income taxes for the first half was $199 million, compared to $117 million in the comparable prior-year period. Weighted-average diluted shares used in computing per-share amounts were 374 million for both the current and prior-year six-month periods, the filing stated.

On the balance sheet, total assets rose to $27,377 million as of September 25, 2026, from $22,060 million as of March 31, 2026. Inventories increased to $7,323 million from $5,845 million over the same period. Total shareholders' equity was $5,807 million as of September 25, 2026, compared to $5,144 million at March 31, 2026. The independent registered public accounting firm, Deloitte & Touche LLP, stated it is "not aware of any material modifications" needed to bring the interim financial information into conformity with U.S. GAAP, according to its review report dated October 30, 2026.

What Was Disclosed

Flex Ltd. filed a Form 10-Q for the quarterly period ended September 25, 2026, disclosing condensed consolidated financial statements, including income, balance sheet, and cash flow data for the three-month and six-month periods ended September 25, 2026, reviewed by Deloitte & Touche LLP.