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Flex
FLEX · NASDAQElectronics Manufacturing Services
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$53B
P/E ratio
28×
EPS (FY26 GAAP)
$2.33
Net income
$0.88B
Revenue
$27.9B
Rev. growth
+8%
Free cash flow
$1.1B
Employees
~148,000
In plain English
Flex is the world's contract factory — the company that designs, builds and ships products for other brands. It assembles iPhones for Apple, hospital beds and ventilators for healthcare names, power converters for carmakers, and increasingly the power-and-cooling racks inside AI data centres. Its name almost never appears on the box, yet it runs plants in 30-plus countries for hundreds of OEMs — and is now splitting off its booming data-centre power business into a separate public company.
In simple terms
What Flex really sells
Flex is the world's contract factory — the company that designs, builds and ships products for other brands. It assembles iPhones for Apple, hospital beds and ventilators for healthcare names, power converters for carmakers, and increasingly the power-and-cooling racks inside AI data centres. Its name almost never appears on the box, yet it runs plants in 30-plus countries for hundreds of OEMs — and is now splitting off its booming data-centre power business into a separate public company.
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Risk read
SteadierMore speculative
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