FLEX LTD.
In the published model solve dated 2026-Q2, anchored at $110.20, FLEX LTD. (FLEX) is priced for today's economics sustained for ~8.8 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• Two businesses now sit inside one ticker: a $27.9 billion contract manufacturer growing at low single digits, and a data-center power and cooling arm that grew 38% last fiscal year to $6.6 billion of sales [Source: FY2026 10-K, filed May 2026]. • Concentration has tightened as the growth arrived, with the ten largest customers accounting for 45% of net sales in fiscal 2026 against 37% two fiscal years earlier. • The company intends to separate that data-center arm into its own listed company i
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763 institutional managers reported holding FLEX in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 56%. 106 opened new positions that quarter. Held by BlackRock, Vanguard Group, PRIMECAP Management, among others. On the short side, 6.6M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (1.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FLEX has cut its share count 43.4% over the past five years, spending $4.36B on repurchases. It pays no dividend. Cash returned over the past three years: $3.30B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FLEX over the trailing three years. Absence is a fact about the company, not a signal. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FLEX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-01 | -5.0% | -3.5% |
| 2023-10-31 | +8.1% | +17.8% |
| 2024-02-03 | +4.2% | +15.8% |
| 2024-05-18 | -4.3% | -0.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FLEX's latest 8-K filings: 2026-08-07 (items 5.07, 8.01); 2026-07-29 (items 8.01, 9.01); 2026-07-29 (items 2.02, 9.01); 2026-06-12 (items 5.02); 2026-06-02 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.