Filing Flows › Flex (FLEX) › Q4 FY26
Flex (FLEX) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 20, 2026
Flex (FLEX) reported revenue of $7.5B for the fourth quarter fiscal 2026 (Q4 FY26), +17% from a year earlier and +6% from the quarter before. Operating margin was 5.0%, net earnings $250M (3.3% of revenue).
Flex, Q4 FY26: revenue $7.5B (+17% year over year), operating margin 5.0%, net earnings $250M, operating cash flow $413M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5B | +6% | +17% |
| Gross profit | $702M | +3% | +25% |
| Operating profit | $372M | -4% | +22% |
| Net earnings | $250M | +5% | +13% |
| Operating cash flow | $413M | -2% | -5% |
| Free cash flow | $212M | — | -35% |
What changed
Revenue was $7.5B in Q4 FY26, up 17% year over year and up 6% from the previous quarter.
Gross margin was 9.4%, up 0.6 points from Q4 FY25. Operating profit was $0.37B, a 5.0% margin (up 0.2 points year over year). Of the extra revenue versus Q4 FY25, 6% reached operating profit, above the 5% margin then. Operating expenses grew 28% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+71%). Net earnings were $0.25B, up 13% year over year. The effective tax rate was 20.6%.
Operating cash flow was $0.41B (down 5% year over year), 165% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.03B of share-based compensation. After purchases of property and equipment, net ($0.20B), free cash flow as the company reports it was $0.21B.
Questions
What was Flex's revenue in the fourth quarter fiscal 2026?
Flex (FLEX) reported revenue of $7.5B for the fourth quarter fiscal 2026 (Q4 FY26), +17% from a year earlier and +6% from the quarter before.
Was Flex profitable in the fourth quarter fiscal 2026?
Operating profit was $372M (5.0% of revenue) and net earnings $250M.
Source: Flex 10-K on SEC EDGAR.