Filing Flows › Flex (FLEX) › Q1 FY26
Flex (FLEX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jul 25, 2025
Flex (FLEX) reported revenue of $6.6B for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and +3% from the quarter before. Operating margin was 4.7%, net earnings $192M (2.9% of revenue).
Flex, Q1 FY26: revenue $6.6B (+4% year over year), operating margin 4.7%, net earnings $192M, operating cash flow $399M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6B | +3% | +4% |
| Gross profit | $572M | +2% | +21% |
| Operating profit | $311M | +2% | +33% |
| Net earnings | $192M | -14% | +38% |
| Operating cash flow | $399M | -8% | +17% |
| Free cash flow | $266M | -17% | +16% |
What changed
Revenue was $6.6B in Q1 FY26, up 4% year over year and up 3% from the previous quarter.
Gross margin was 8.7%, up 1.2 points from a year earlier. Operating profit was $0.31B, a 4.7% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 4% margin then. Operating expenses grew 10% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.19B, up 38% year over year. The effective tax rate was 22.0%.
Operating cash flow was $0.40B (up 17% year over year), 208% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.13B left free cash flow of $0.27B.
Questions
What was Flex's revenue in the first quarter fiscal 2026?
Flex (FLEX) reported revenue of $6.6B for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and +3% from the quarter before.
Was Flex profitable in the first quarter fiscal 2026?
Operating profit was $311M (4.7% of revenue) and net earnings $192M.
Source: Flex 10-Q on SEC EDGAR.