FLEX REPORTS FOURTH QUARTER AND FISCAL 2026 RESULTS
Rhea-AI Summary
Flex (NASDAQ: FLEX) reported Q4 net sales of $7.5B and fiscal 2026 net sales of $27.9B, up 17% and 8% year-over-year. Q4 GAAP EPS was $0.67 and adjusted EPS $0.93; FY GAAP EPS was $2.33 and adjusted EPS $3.30. Q4 adjusted operating margin was 6.7%; FY adjusted operating margin was a record 6.3%. Management provided Q1 FY2027 sales guidance of $7.35B–$7.65B and FY2027 guidance of $32.3B–$33.8B, and announced a planned spin-off of the Cloud and Power Infrastructure segment.
AI-generated analysis. Not financial advice.
Positive
- Q4 net sales +17% YoY to $7.5B
- Fiscal 2026 net sales $27.9B, +8% YoY
- Record adjusted operating margin of 6.3% for FY2026
- FY2027 revenue guidance $32.3B–$33.8B (midpoint +18%)
- Adjusted EPS guidance $4.21–$4.51 (midpoint +32%)
- Free cash flow $1,060M for FY2026
Negative
- GAAP operating margin 4.9% versus adjusted 6.3% (margin gap)
- GAAP EPS $2.33 for FY2026 below adjusted $3.30
- FY2027 guidance excludes planned Cloud and Power Infrastructure spin-off, creating comparability uncertainty
News Market Reaction – FLEX
On the day this news was published, FLEX gained 39.69%, reflecting a significant positive market reaction. Argus tracked a peak move of +33.7% during that session. Our momentum scanner triggered 110 alerts that day, indicating very high trading interest and price volatility. This price movement added approximately $14.10B to the company's valuation, bringing the market cap to $49.63B at that time. Trading volume was very high at 4.1x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
FLEX was up 0.15% pre-news while key peers like JBL, CLS, FN, TEL, and GLW were all down on the day. Momentum scanner data shows only 1 peer (JBL) moving up and another (LFUS) down, supporting a stock-specific backdrop rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 04 | Acquisition close | Positive | +0.1% | Completion of EP² acquisition expanding engineered power control capabilities. |
| Apr 22 | Partnership expansion | Positive | -0.3% | Expanded Teradyne Robotics partnership to scale automation in manufacturing. |
| Apr 21 | Earnings date | Neutral | -0.3% | Nextpower scheduled Q4 and full-year results and related conference call. |
| Apr 15 | Earnings date | Neutral | +1.9% | Flex set the release date and call time for Q4 and FY 2026 results. |
| Apr 07 | Program launch | Neutral | +0.8% | kWh Analytics launched a data-sharing pilot on hail-ready solar projects. |
Recent FLEX-specific news (acquisition and earnings call announcement) saw modest positive reactions, while a positive partnership headline coincided with a small decline, suggesting occasional divergence on good news.
Over the last month, FLEX news has focused on strategic growth and capital structure. On Apr 15, the company scheduled its Q4 and fiscal 2026 earnings call, with shares up 1.9% afterward. On Apr 22, FLEX expanded a robotics automation partnership, but the stock dipped 0.29%. The acquisition of Electrical Power Products (EP²), completed on May 4, coincided with a modest 0.15% gain. Today’s earnings results follow directly on this acquisition and earlier call scheduling, reinforcing a narrative of expansion and operational execution.
Market Pulse Summary
The stock surged +39.7% in the session following this news. A strong positive reaction aligns with FLEX’s established uptrend, as shares traded near the 52-week high of $93.53 and well above the $62.54 200-day MA before these results. The company highlighted record full-year adjusted operating margin of 6.3% and adjusted EPS of $3.30, reinforcing a narrative of improving profitability. Investors may watch how integration of recent acquisitions and execution against fiscal 2027 guidance affect future earnings quality and cash generation.
Key Terms
gaap financial
non-gaap financial
adjusted operating margin financial
free cash flow financial
eps financial
AI-generated analysis. Not financial advice.
- Reported Q4 net sales of
$7.5 billion $27.9 billion 17% and8% , respectively, versus the prior year. - Delivered Q4 GAAP operating margin of
5.0% , and adjusted operating margin of6.7% , our sixth consecutive quarter with an adjusted operating margin of6% or greater. - Delivered full-year GAAP operating margin of
4.9% , and adjusted operating margin of6.3% , another record for Flex. - Reported Q4 GAAP EPS of
$0.67 $0.93 - Reported full-year GAAP EPS of
$2.33 $3.30
"Our strong finish to FY 2026 reflects disciplined execution and a clear strategy, supported by targeted acquisitions and capital investments aligned to Flex's long-term growth opportunities," said Revathi Advaithi, CEO of Flex.
Fourth Quarter Fiscal Year 2026 GAAP Summary:
- Net Sales:
$7.5 billion - GAAP Operating Income:
$372 million - GAAP Net Income:
$250 million - GAAP Earnings Per Share:
$0.67 - Cash provided by Operating Activities:
$413 million
Fourth Quarter Fiscal Year 2026 Non-GAAP Summary:
- Adjusted Operating Income:
$500 million - Adjusted Net Income:
$348 million - Adjusted Earnings Per Share:
$0.93 - Free Cash Flow:
$212 million
Fiscal Year 2026 GAAP Summary:
- Net Sales:
$27.9 billion - GAAP Operating Income:
$1,368 million - GAAP Net Income:
$880 million - GAAP Earnings Per Share:
$2.33 - Cash provided by Operating Activities:
$1,685 million
Fiscal Year 2026 Non-GAAP Summary:
- Adjusted Operating Income:
$1,764 million - Adjusted Net Income:
$1,248 - Adjusted Earnings Per Share:
$3.30 - Free Cash Flow:
$1,060 million
An explanation and reconciliation of GAAP financial measures to non-GAAP financial measures is presented in Schedules II and V attached to this press release.
First Quarter Fiscal Year 2027 Guidance:
- Net Sales:
$7.35 billion $7.65 billion 14% at the midpoint - Adjusted Operating Income:
$469 million $499 million - Adjusted EPS:
$0.86 $0.92 24% at the midpoint - Interest & Other: approximately
$65 million - Adjusted income tax rate:
21% * - Weighted average shares outstanding: approximately 374 million
Fiscal Year 2027 Guidance†:
- Net Sales:
$32.3 billion $33.8 billion 18% at the midpoint - Adjusted Operating Margin:
7.0% to7.1% * - Adjusted EPS:
$4.21 $4.51 32% at the midpoint - Adjusted income tax rate:
21% *
*This is a forward-looking non-GAAP financial measure that cannot be reconciled to its equivalent GAAP financial measure without unreasonable effort for the reasons set forth in Schedule V attached to this press release.
†Reflects expected results for the full fiscal year and does not give effect to the planned spin-off of the Cloud and Power Infrastructure segment announced today.
Webcast and Conference Call
The Flex management team will host a conference call tomorrow, May 6, 2026 at 7:30 AM (CT) / 8:30 AM (ET), to review fourth quarter and fiscal year 2026 results. A live webcast of the event and slides will be available on the Flex Investor Relations website at http://investors.flex.com. An audio replay and transcript will also be available after the event on the Flex Investor Relations website.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.
Contacts
Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com
Media & Press
publicrelations@flex.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and in our subsequent filings with the
SCHEDULE I | ||||
FLEX | ||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
(In millions, except per share amounts) | ||||
Three-Month Periods Ended | ||||
March 31, 2026 | March 31, 2025 | |||
GAAP: | ||||
Net sales | $ 7,477 | $ 6,398 | ||
Cost of sales | 6,747 | 5,807 | ||
Restructuring charges | 28 | 28 | ||
Gross profit | 702 | 563 | ||
Selling, general and administrative expenses | 289 | 234 | ||
Restructuring and impairment charges | 25 | 3 | ||
Intangible amortization | 16 | 21 | ||
Operating income | 372 | 305 | ||
Interest expense | 54 | 52 | ||
Interest income | 13 | 13 | ||
Other charges (income), net | 11 | (13) | ||
Equity in earnings (losses) of unconsolidated affiliates | (5) | — | ||
Income before income taxes | 315 | 279 | ||
Provision for (benefit from) income taxes | 65 | 57 | ||
Net income | $ 250 | $ 222 | ||
GAAP EPS | ||||
Diluted earnings per share | $ 0.67 | $ 0.57 | ||
Diluted shares used in computing per share amounts | 374 | 389 | ||
See Schedule II for the reconciliation of GAAP to non-GAAP financial measures. See the accompanying notes | ||||
FLEX | ||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
(In millions, except per share amounts) | ||||
Twelve-Month Periods Ended | ||||
March 31, 2026 | March 31, 2025 | |||
GAAP: | ||||
Net sales | $ 27,914 | $ 25,813 | ||
Cost of sales | 25,288 | 23,584 | ||
Restructuring charges | 59 | 70 | ||
Gross profit | 2,567 | 2,159 | ||
Selling, general and administrative expenses | 1,052 | 904 | ||
Restructuring and impairment charges | 79 | 16 | ||
Intangible amortization | 68 | 70 | ||
Operating income | 1,368 | 1,169 | ||
Interest expense | 215 | 218 | ||
Interest income | 51 | 61 | ||
Other charges (income), net | 30 | (14) | ||
Equity in earnings (losses) of unconsolidated affiliates | (31) | (3) | ||
Income before income taxes | 1,143 | 1,023 | ||
Provision for (benefit from) income taxes | 263 | 185 | ||
Net income | $ 880 | $ 838 | ||
GAAP EPS | ||||
Diluted earnings per share | $ 2.33 | $ 2.11 | ||
Diluted shares used in computing per share amounts | 378 | 398 | ||
See Schedule II for the reconciliation of GAAP to non-GAAP financial measures. See the accompanying notes | ||||
SCHEDULE II | |||||||||||||
FLEX | |||||||||||||
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | |||||||||||||
(In millions, except per share amounts and percentages) | |||||||||||||
Three-Month Periods Ended | |||||||||||||
March 31, 2026 | March 31, 2025 | ||||||||||||
GAAP operating income and margin % | $ 372 | 5.0 % | $ 305 | 4.8 % | |||||||||
Intangible amortization | 16 | 21 | |||||||||||
Stock-based compensation | 34 | 32 | |||||||||||
Restructuring and impairment charges | 52 | 30 | |||||||||||
Customer related asset impairment | — | 4 | |||||||||||
Legal and other | 26 | 4 | |||||||||||
Non-GAAP operating income and margin % | $ 500 | 6.7 % | $ 396 | 6.2 % | |||||||||
GAAP provision for income taxes | $ 65 | $ 57 | |||||||||||
Intangible amortization benefit | 3 | 5 | |||||||||||
Other tax related adjustments | 25 | 3 | |||||||||||
Non-GAAP provision for income taxes | $ 93 | $ 65 | |||||||||||
GAAP net income | $ 250 | $ 222 | |||||||||||
Intangible amortization | 16 | 21 | |||||||||||
Stock-based compensation | 34 | 32 | |||||||||||
Restructuring and impairment charges | 52 | 30 | |||||||||||
Customer related asset impairment | — | 4 | |||||||||||
Legal and other | 26 | 4 | |||||||||||
Interest and other, net | (2) | (20) | |||||||||||
Adjustments for taxes | (28) | (8) | |||||||||||
Non-GAAP net income | $ 348 | $ 285 | |||||||||||
Diluted earnings per share: | |||||||||||||
GAAP | $ 0.67 | $ 0.57 | |||||||||||
Non-GAAP | $ 0.93 | $ 0.73 | |||||||||||
Free Cash Flow: | |||||||||||||
Net cash provided by operating activities | $ 413 | $ 433 | |||||||||||
Purchases of property and equipment | (202) | (112) | |||||||||||
Proceeds from the disposition of property and equipment | 1 | 4 | |||||||||||
Free Cash Flow | $ 212 | $ 325 | |||||||||||
See the accompanying notes on Schedule V attached to this press release. | |||||||||||||
FLEX | |||||||||||||
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | |||||||||||||
(In millions, except per share amounts and percentages) | |||||||||||||
Twelve-Month Periods Ended | |||||||||||||
March 31, 2026 | March 31, 2025 | ||||||||||||
GAAP operating income and margin % | $ 1,368 | 4.9 % | $ 1,169 | 4.5 % | |||||||||
Intangible amortization | 68 | 70 | |||||||||||
Stock-based compensation | 142 | 125 | |||||||||||
Restructuring and impairment charges | 135 | 84 | |||||||||||
Customer related asset impairment (recoveries) | (2) | 2 | |||||||||||
Legal and other | 53 | 9 | |||||||||||
Non-GAAP operating income and margin % | $ 1,764 | 6.3 % | $ 1,459 | 5.7 % | |||||||||
GAAP provision for income taxes | $ 263 | $ 185 | |||||||||||
Intangible amortization benefit | 15 | 15 | |||||||||||
Other tax related adjustments | 54 | 43 | |||||||||||
Non-GAAP provision for income taxes | $ 332 | $ 243 | |||||||||||
GAAP net income | $ 880 | $ 838 | |||||||||||
Intangible amortization | 68 | 70 | |||||||||||
Stock-based compensation | 142 | 125 | |||||||||||
Restructuring and impairment charges | 135 | 84 | |||||||||||
Customer related asset impairment (recoveries) | (2) | 2 | |||||||||||
Legal and other | 53 | 9 | |||||||||||
Equity in losses of unconsolidated affiliates | 25 | — | |||||||||||
Interest and other, net | 16 | (15) | |||||||||||
Adjustments for taxes | (69) | (58) | |||||||||||
Non-GAAP net income | $ 1,248 | $ 1,055 | |||||||||||
Diluted earnings per share: | |||||||||||||
GAAP | $ 2.33 | $ 2.11 | |||||||||||
Non-GAAP | $ 3.30 | $ 2.65 | |||||||||||
Free Cash Flow: | |||||||||||||
Net cash provided by operating activities | $ 1,685 | $ 1,505 | |||||||||||
Purchases of property and equipment | (633) | (438) | |||||||||||
Proceeds from the disposition of property and | 8 | 15 | |||||||||||
Free Cash Flow | $ 1,060 | $ 1,082 | |||||||||||
See the accompanying notes on Schedule V attached to this press release. | |||||||||||||
SCHEDULE III | ||||
FLEX | ||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
(In millions) | ||||
As of March 31, 2026 | As of March 31, 2025 | |||
ASSETS | ||||
Current assets: | ||||
Cash and cash equivalents | $ 2,389 | $ 2,289 | ||
Accounts receivable, net of allowance for doubtful accounts | 4,679 | 3,671 | ||
Contract assets | 1,063 | 616 | ||
Inventories | 5,845 | 5,071 | ||
Other current assets | 2,356 | 1,194 | ||
Total current assets | 16,332 | 12,841 | ||
Property and equipment, net | 2,505 | 2,330 | ||
Operating lease right-of-use assets, net | 659 | 562 | ||
Goodwill | 1,369 | 1,341 | ||
Other intangible assets, net | 283 | 343 | ||
Other non-current assets | 912 | 964 | ||
Total assets | $ 22,060 | $ 18,381 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Current liabilities: | ||||
Bank borrowings and current portion of long-term debt | $ — | $ 1,209 | ||
Accounts payable | 8,055 | 5,147 | ||
Accrued payroll and benefits | 671 | 560 | ||
Deferred revenue and customer working capital advances | 2,156 | 1,957 | ||
Other current liabilities | 1,134 | 977 | ||
Total current liabilities | 12,016 | 9,850 | ||
Long-term debt, net of current portion | 3,751 | 2,483 | ||
Operating lease liabilities, non-current | 565 | 456 | ||
Other non-current liabilities | 584 | 590 | ||
Total liabilities | 16,916 | 13,379 | ||
Total shareholders' equity | 5,144 | 5,002 | ||
Total liabilities and shareholders' equity | $ 22,060 | $ 18,381 | ||
SCHEDULE IV | ||||
FLEX | ||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||
(In millions) | ||||
Twelve-Month Periods | ||||
March 31, 2026 | March 31, 2025 | |||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net income | $ 880 | $ 838 | ||
Depreciation, amortization and other impairment charges | 563 | 539 | ||
Changes in working capital and other, net | 242 | 128 | ||
Net cash provided by operating activities | 1,685 | 1,505 | ||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
Purchases of property and equipment | (633) | (438) | ||
Proceeds from the disposition of property and equipment | 8 | 15 | ||
Acquisitions of businesses, net of cash acquired | (40) | (405) | ||
Proceeds from divestiture of businesses, net of cash held in divested businesses | (4) | (21) | ||
Other investing activities, net | (3) | 11 | ||
Net cash used in investing activities | (672) | (838) | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
Proceeds from bank borrowings and long-term debt | 1,251 | 499 | ||
Payments of bank borrowings, long-term debt and other financing liabilities | (1,217) | (58) | ||
Payments for repurchases of ordinary shares | (944) | (1,257) | ||
Other financing activities, net | (14) | (5) | ||
Net cash used in financing activities | (924) | (821) | ||
Effect of exchange rates on cash and cash equivalents | 11 | (31) | ||
Net (decrease) increase in cash and cash equivalents | 100 | (185) | ||
Cash and cash equivalents, beginning of year | 2,289 | 2,474 | ||
Cash and cash equivalents, end of year | $ 2,389 | $ 2,289 | ||
SCHEDULE V
FLEX AND SUBSIDIARIES
NOTES TO SCHEDULES I and II
To supplement Flex's unaudited selected financial data presented consistent with
In calculating non-GAAP financial measures, we exclude certain items to facilitate a review of the comparability of the Company's operating performance on a period-to-period basis because such items are not, in our view, related to the Company's ongoing operational performance. We use non-GAAP measures to evaluate the operating performance of our business, for comparison with forecasts and strategic plans, for calculating return on investment, and for benchmarking performance externally against competitors. In addition, management's incentive compensation is determined using certain non-GAAP measures. Also, when evaluating potential acquisitions, we exclude certain items described below from consideration of the target's performance and valuation. Since we find these measures to be useful, we believe that investors benefit from seeing results "through the eyes" of management in addition to seeing GAAP results. We believe that these non-GAAP measures, when read in conjunction with the Company's GAAP financials, provide useful information to investors by offering:
- the ability to make more meaningful period-to-period comparisons of the Company's ongoing operating results;
- the ability to better identify trends in the Company's underlying business and perform related trend analysis;
- a better understanding of how management plans and measures the Company's underlying business; and
- an easier way to compare the Company's operating results against analyst financial models and operating results of competitors that supplement their GAAP results with non-GAAP financial measures.
We present forward‑looking non‑GAAP financial measures in our first quarter and full year fiscal 2027 guidance, including adjusted operating income, adjusted operating margin, adjusted income tax rate, and adjusted EPS. We do not provide a reconciliation of these measures to the most directly comparable GAAP measures because the information necessary to do so is not available without unreasonable effort due to the inherent variability, complexity, and uncertainty in forecasting certain items required for such a reconciliation. These items may include restructuring charges and impairment charges, among others. The information that is unavailable could be material and could significantly affect our GAAP results.
The following are explanations of each of the adjustments that we incorporate into non-GAAP measures, as well as the reasons for excluding each of these individual items in the reconciliations of these non-GAAP financial measures:
Stock-based compensation expense consists of non-cash charges for the estimated fair value of unvested restricted share units granted to employees and assumed in business acquisitions. The Company believes that the exclusion of these charges provides for more accurate comparisons of its operating results to peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact stock-based compensation expense has on its operating results.
Intangible amortization consists primarily of non-cash charges that can be impacted by, among other things, the timing and magnitude of acquisitions. The Company considers its operating results without these charges when evaluating its ongoing performance and forecasting its earnings trends, and therefore excludes such charges when presenting non-GAAP financial measures. The Company believes that the assessment of its operations excluding these costs is relevant to its assessment of internal operations and comparisons to the performance of its competitors.
Restructuring and impairment charges include severance charges at existing sites and corporate SG&A functions as well as asset impairment, and other charges related to the closures and consolidations of certain operating sites and targeted activities to restructure the business. These costs also include asset impairment charges related to assets significantly impacted by the geopolitical events on the basis of management's best estimate of the recoverable value of assets. These costs may vary in size based on the Company's initiatives, are not directly related to ongoing or core business results, and do not reflect expected future operating expenses. These costs are excluded by the Company's management in assessing current operating performance and forecasting its earnings trends and are therefore excluded by the Company from its non-GAAP measures.
During the three and twelve-month periods ended March 31, 2026, the Company recognized approximately
During the three and twelve-month periods ended March 31, 2026, the Company recognized
Customer related asset impairments (recoveries) may consist of non-cash impairments of property and equipment to estimated fair value for customers from whom we have disengaged or are in the process of disengaging as well as additional provisions for doubtful accounts receivable for customers that are experiencing financial difficulties and inventory that is considered non-recoverable that is written down to net realizable value. In subsequent periods, the Company may recover a portion of the costs previously incurred related to assets impaired or reduced to net realizable value. During the three and twelve-month periods ended March 31, 2026, the Company recognized zero and
Legal and other consist primarily of costs not directly related to core business results and may include matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims and other costs such as acquisition, portfolio optimization related costs and asset impairment. These costs are excluded by the Company's management in assessing current operating performance and forecasting its earnings trends and are therefore excluded by the Company from its non-GAAP measures. During the three and twelve-month periods ended March 31, 2026, the Company incurred approximately
Equity in losses of unconsolidated affiliates consists of various other types of items that are not directly related to ongoing or core business results, such as significant gains or losses associated with certain non-core investments. The Company excludes these items because they are not related to the Company's ongoing operating performance or do not affect core operations. Excluding these amounts provides investors with a basis to compare Company performance against the performance of other companies without this variability. During the twelve-month period ended March 31, 2026, the Company recognized approximately
Interest and other, net consist of various other types of items that are not directly related to ongoing or core business results, such as the gain or losses related to certain divestitures, currency translation reserve write-offs upon liquidation of certain legal entities, debt extinguishment costs and impairment charges or gains associated with certain non-core investments. The Company excludes these items because they are not related to the Company's ongoing operating performance or do not affect core operations. During the twelve-month period ended March 31, 2026, the Company incurred
Adjustments for taxes relates to the tax effects of the various adjustments that we incorporate into non-GAAP measures in order to provide a more meaningful measure on non-GAAP net income and certain adjustments related to non-recurring settlements of tax contingencies or other non-recurring tax charges, when applicable. Effective in fiscal year 2026, the Company adopted an annual normalized tax rate for the purpose of determining the tax effect of non-GAAP adjustments. In estimating the normalized tax rate, the Company utilizes a full-year projection of earnings that considers the mix of earnings across tax jurisdictions, existing tax positions and other significant tax matters.
During the three and twelve-month periods ended March 31, 2026, the Company recognized a
Free cash flow is an important liquidity metric because it measures, during a given period, the amount of cash generated that is available to repay debt obligations, make investments, fund acquisitions, repurchase company shares and for certain other activities. The Company's free cash flow is defined as cash flows from operating activities, less net purchases of property and equipment and proceeds from the disposition of property and equipment ("net capital expenditures"), allowing us to present free cash flow on a consistent basis for investors.
During the three and twelve-month periods ended March 31, 2026, the Company recognized
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SOURCE Flex