Flex Ltd.

NasdaqGS:FLEX Stock Report

Market Cap: US$33.7b

Flex Future Growth

Future criteria checks 4/6

Flex is forecast to grow earnings and revenue by 23.9% and 6.6% per annum respectively. EPS is expected to grow by 26.9% per annum. Return on equity is forecast to be 24.4% in 3 years.

Key information

23.9%

Earnings growth rate

26.87%

EPS growth rate

Electronic earnings growth23.2%
Revenue growth rate6.6%
Future return on equity24.35%
Analyst coverage

Good

Last updated28 Apr 2026

Recent future growth updates

Recent updates

FLEX: AI Power Opportunities And Execution Risks Will Shape Future Margin Profile

Flex's updated analyst price target edges higher, with fair value rising by about $6 to $81, as analysts factor in slightly stronger revenue growth expectations, a modestly higher future P/E near 21x, and incremental margin upside related to its power business as an AI enabler. Analyst Commentary Recent Street research on Flex has centered on higher price targets, fresh coverage, and a focus on the power business as a potential AI beneficiary.

FLEX: AI Power Ambitions Will Face Tougher Margin And Execution Tests

The analyst price target for Flex has moved from $45 to $70, as analysts highlight stronger growth and margin potential, particularly from the company's power business as an AI enabler and what they see as a solid path for additional margin upside. Analyst Commentary Recent research coverage has leaned positive on Flex, with a US$70 price target cited as a reference point for upside tied to growth and margin potential.

Flex: Adding To A Multi-Year Transition

Mar 31

FLEX: AI Power Business Will Drive Future Margin Upside Repricing

Flex's updated fair value estimate has edged slightly lower to about $75.44. This reflects modest tweaks to discount rate, growth, and margin assumptions, as analysts highlight the company's AI oriented power business and potential margin upside while maintaining a $70 Street price target.

FLEX: AI Power Segment Execution Will Support Higher Future Margins

Analysts have nudged the fair value estimate for Flex up by $2 to $80, highlighting firm views on the company's margin potential and the appeal of its power business as an AI enabler, along with recent price target support from new and updated coverage on the stock. Analyst Commentary Bullish analysts have recently highlighted Flex's potential for stronger margins and reinforced their confidence with fresh coverage and updated targets.

FLEX: Liquid Cooling Execution Will Support AI Data Center Upside Repricing

Analysts have raised their average price target on Flex by $1, reflecting recent positive research attention and updated assumptions around discount rates, revenue, profit margins, and forward P/E expectations. Analyst Commentary Bullish analysts see the latest price target move as a reflection of improved confidence in Flex's ability to execute against updated assumptions on discount rates, revenue trends, profit margins, and forward P/E.

FLEX: Liquid Cooling Execution Will Drive Future AI Data Center Upside

Analysts have nudged their price targets on Flex higher by about $2.43, supported by updated views on fair value, discount rate, revenue growth, profit margins, and future P/E assumptions as reflected in recent research from firms such as Barclays and Raymond James. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the recent price target increase of about $2.43 reflects refreshed views on fair value that incorporate updated assumptions around revenue growth, profit margins, and future P/E levels.

FLEX: Liquid Cooling Execution Will Support Future AI Data Center Demand

Analysts have adjusted their price targets on Flex, with the consensus moving by $7 as they factor in updated discount rate assumptions and modest tweaks to long term P/E expectations. Analyst Commentary Recent Street research on Flex presents a mix of optimism and caution, with one firm upgrading the stock and another trimming its price target by $7.

FLEX: Power And Cloud Shift Will Support Future AI Data Center Demand

Analysts have increased their price expectations for Flex to reflect a modest rise in modeled fair value to about $73.70. This adjustment is supported by updated Street research citing strong recent earnings, higher expected revenue contribution from power, cloud and AI related sales, and the application of a slightly higher forward P/E multiple.

FLEX: AI Data Center Mix Will Drive Higher Margin Power Upside

Analysts have lifted their price targets on Flex to US$75, citing a recent fiscal Q2 beat; improved guidance tied to higher margin power and cloud sales; and higher artificial intelligence related estimates, which together support slightly higher long term growth and margin assumptions in our model. Analyst Commentary Recent Street research on Flex has turned more constructive, with several bullish analysts lifting their price targets after the fiscal Q2 print, stronger guidance, and higher artificial intelligence related expectations.

FLEX: AI And Data Center Demand Will Drive Multi-Year Earnings Upside

The analyst price target for Flex has been raised from $64 to $78 per share, reflecting analysts' increased conviction in faster revenue growth, stronger margins, and higher future earnings multiples supported by robust Q2 results, upgraded AI and data center expectations, and a sustained mix shift toward higher-value power, cloud, and auto end markets. Analyst Commentary Bullish analysts are broadly revising their models higher following Flex's fiscal Q2 beat, pointing to a combination of stronger execution, higher quality revenue mix, and increasing visibility into key secular growth drivers such as AI, data centers, and autos.

FLEX: Power And Cloud Mix Will Drive Stronger AI Data Center Demand

Flex's analyst price target has been raised by analysts to about $75, a roughly $10 increase. This reflects stronger than expected Q2 results, improved guidance driven by higher margin power, cloud, and AI related revenues, and increased confidence in long term data center and auto demand trends.

FLEX: Power And Cloud Strength Will Drive Renewed Data Center Momentum

Analysts have increased their price target for Flex from $65 to $75, citing strong quarterly results, improved guidance, and ongoing momentum in high-margin power and cloud-related sales. Analyst Commentary Analyst sentiment towards Flex remains largely positive following the company's recent earnings report and updated guidance.

FLEX: Future Demand for AI and Cloud Will Drive Continued Outperformance

The analyst price target for Flex has been raised from $60 to $75 per share. Analysts cite strong quarterly results, increased estimates, and confidence in higher-margin revenue from power, cloud, and AI-related applications as key reasons for the upward revision.

Analyst Views Mixed as Flex Price Target Rises on Data Center and Market Strength

Flex's analyst price target has been revised upward from $59 to $60.43. Analysts cited stronger-than-expected data center growth and robust end-market demand as key factors behind the increased valuation.

Data Center Demand And AI Infrastructure Will Spark Future Opportunity

Flex's analyst price target has increased from $57.86 to $59.00. Analysts point to higher auto industry forecasts, resilient data center demand, and the company's ability to offset tariff impacts as key factors supporting the upward revision.

Why Flex Ltd. (NASDAQ:FLEX) Could Be Worth Watching

Jul 23
Why Flex Ltd. (NASDAQ:FLEX) Could Be Worth Watching

A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)

Jun 23
A Look At The Fair Value Of Flex Ltd. (NASDAQ:FLEX)

Investors Still Aren't Entirely Convinced By Flex Ltd.'s (NASDAQ:FLEX) Earnings Despite 32% Price Jump

May 20
Investors Still Aren't Entirely Convinced By Flex Ltd.'s (NASDAQ:FLEX) Earnings Despite 32% Price Jump

Is Flex (NASDAQ:FLEX) Using Too Much Debt?

May 05
Is Flex (NASDAQ:FLEX) Using Too Much Debt?

Flex: Data Center Growth And Margin Expansion Continue To Impress

Feb 06

Flex: Becoming A Better Business In Its Transformation

Dec 27

Flex Is Not Cheap Amid Geopolitical And Innovation Risks

Oct 01

Earnings and Revenue Growth Forecasts

NasdaqGS:FLEX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202831,1101,4361,3861,8725
3/31/202729,2251,2361,2861,7408
3/31/202627,4029449971,4148
12/31/202526,8358521,1621,705N/A
9/26/202526,3338761,1911,698N/A
6/27/202526,0748911,1041,564N/A
3/31/202525,8138381,0671,505N/A
12/31/202425,5841,0111,3441,751N/A
9/27/202425,4498411,1971,622N/A
6/28/202425,8376501,1861,660N/A
3/31/202426,4156337961,326N/A
12/31/202325,879304681,097N/A
9/29/202327,2141675141,172N/A
6/30/202328,047376223918N/A
3/31/202328,502443315950N/A
12/31/202229,720818295860N/A
9/30/202228,583815122651N/A
7/1/202227,046919296728N/A
3/31/202224,6338685811,024N/A
12/31/202125,4561,009402825N/A
10/1/202125,5579906471,023N/A
7/2/202125,3137677481,107N/A
3/31/202124,124613-207144N/A
12/31/202023,343422-198149N/A
9/25/202023,084325-625-250N/A
6/26/202023,18795-1,915-1,505N/A
3/31/202024,21088-1,995-1,533N/A
12/31/201924,951-25-2,851-2,341N/A
9/27/201925,413-182N/A-2,911N/A
6/28/201925,98722N/A-2,685N/A
3/31/201926,21193N/A-2,971N/A
12/31/201826,395138N/A-3,087N/A
9/28/201826,224302N/A-3,402N/A
6/29/201825,832420N/A-4,114N/A
3/31/201825,441429N/A-3,866N/A
12/31/201724,893535N/A-2,971N/A
9/29/201724,256546N/A-1,566N/A
6/30/201723,994339N/A190N/A
3/31/201723,863320N/A-3,822N/A
12/31/201623,773294N/A1,210N/A
9/30/201624,421313N/A1,018N/A
7/1/201624,729439N/A1,038N/A
3/31/201624,419444N/A1,136N/A
12/31/201524,598518N/A1,064N/A
9/25/201524,860522N/A1,150N/A
6/26/201525,071538N/A1,237N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLEX's forecast earnings growth (23.9% per year) is above the savings rate (3.4%).

Earnings vs Market: FLEX's earnings (23.9% per year) are forecast to grow faster than the US market (16% per year).

High Growth Earnings: FLEX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FLEX's revenue (6.6% per year) is forecast to grow slower than the US market (11.1% per year).

High Growth Revenue: FLEX's revenue (6.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FLEX's Return on Equity is forecast to be high in 3 years time (24.4%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/03 10:28
End of Day Share Price 2026/05/01 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Flex Ltd. is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Luke JunkBaird
Dong WangBarclays