Form 10-Q · Quarterly report
Flex Ltd. 10-Q, filed Oct 30, 2026
- Filed
- CIK
- 0000866374
- Accession no.
- 0000866374-26-000042
Summary
Flex Ltd. reported net sales of $8.49 billion for the quarter ended September 25, 2026, up from $6.80 billion a year earlier, and $16.42 billion for the first half of fiscal 2027, and now operates three segments — Integrated Technology Solutions, Regulated Manufacturing Solutions, and Cloud and Power Infrastructure. Flex said that an August 21, 2025 missile strike on its Mukachevo, Ukraine facility led to $51 million in impairment and related charges, and that elevated DRAM and NAND prices driven by AI and data-center demand could continue to lift net sales while pressuring gross margin percentage.
Key points
- Quarterly net sales rose to $8.49 billion from $6.80 billion a year earlier, and first-half net sales to $16.42 billion from $13.38 billion.
- Mexico was the largest sales country at $2.46 billion, or 29% of quarterly net sales, followed by the U.S. at $1.47 billion.
- Flex recognized $51 million in asset impairments, inventory write-downs and other charges after a missile strike on its Mukachevo, Ukraine facility in August 2025, and shifted production to alternative sites.
- Flex said the U.S. Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act on February 20, 2026, and that it has received the majority of its requested IEEPA tariff refunds.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION OVERVIEW We are the advanced, end-to-end manufacturing partner of choice that helps a diverse customer base design, build, deliver and manage innovative products that improve the world. Through the collective strength of a global workforce across approximately 30 countries with responsible, sustainable operations, we deliver technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. Our full suite of specialized capabilities includes design and engineering, supply chain, manufacturing, and integrated services, plus a portfolio of power and cooling products. …
An excerpt of the text as filed with the SEC, cut for length.
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