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Flex Ltd. (FLEX)

Technology | Electronic Components | Austin, United States | NasdaqGS
81.83 USD +1.91 (2.390%) ⇧ (April 17, 2026, 4 p.m. EDT)

Short-term: ★★★★☆ | Long-term: ★☆☆☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 6:30 p.m. EDT

The 75% YTD rally has likely exhausted the near-term upside momentum, evidenced by the extraordinary volume of OTM puts ($75 strike) which act as a levee against further gains, and the production of extremely high-priced OTM puts recently. While the stock enjoys a 'Strong Buy' analyst label, the fundamental data shows deteriorating earnings (-9% growth) and triple-decade trailing P/E multiples (36.7x). The structure resembles a top-heavy consolidation pattern; traders are positioning for a mean reversion to the $60-65 range, turning the current 'bull' setup into a short-term bearish tap.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.046802
AutoETS0.047578
MSTL0.047855
AutoARIMA0.063276

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 25%
H-stat 5.91
Ljung-Box p 0.000
Jarque-Bera p 0.001
Excess Kurtosis 1.19
Attribute Value
Sector Technology
Debt to Equity Ratio 97.989
Revenue per Share 71.656
Market Cap 30,259,943,424
Trailing P/E 36.70
Forward P/E 22.34
Beta 1.20
Profit Margins 3.17%
Website https://www.flex.com

As of April 19, 2026, 6:30 p.m. EDT: Options flow shows a structural imbalance heavily weighted toward upside exposure. In-call Volume is 5,526 to put Volume of 5,982, but Put Open Interest (OI) is disproportionately concentrated in OTM strikes (e.g., 4.1k volume at $75 strike), suggesting hedging or defensive positioning against a potential pullback rather than speculative betting on declines. Call flow has significant aggressive activity at higher strikes (e.g., 96 contracts at $90 strike), with Call OI concentrated near ATM ($75-$80). Implied Volatility is compressed (0.42-0.60 range), indicating low uncertainty in the near term, while most expirations show 100% OTM Put OI, reflecting total reliance on future periods for downside protection.


Info Dump

Attribute Value
52 Week Change 1.6803145
Address1 12,515-8 Research Boulevard
Address2 Suite 300
All Time High 82.85
All Time Low 0.824228
Ask 85.58
Ask Size 1
Audit Risk 1
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 3,520,150
Average Daily Volume3 Month 3,681,349
Average Volume 3,681,349
Average Volume10Days 3,520,150
Beta 1.201
Bid 78.37
Bid Size 1
Board Risk 2
Book Value 13.93
City Austin
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 81.83
Current Ratio 1.396
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 82.85
Day Low 80.04
Debt To Equity 97.989
Display Name Flex
Earnings Call Timestamp End 1,778,070,600
Earnings Call Timestamp Start 1,778,070,600
Earnings Growth -0.045
Earnings Quarterly Growth -0.091
Earnings Timestamp 1,778,070,600
Earnings Timestamp End 1,778,070,600
Earnings Timestamp Start 1,778,070,600
Ebitda 1,978,000,000
Ebitda Margins 0.073709995
Enterprise To Ebitda 16.202
Enterprise To Revenue 1.194
Enterprise Value 32,047,757,312
Eps Current Year 3.24787
Eps Forward 3.6625
Eps Trailing Twelve Months 2.23
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 66.6482
Fifty Day Average Change 15.181801
Fifty Day Average Change Percent 0.2277901
Fifty Two Week Change Percent 168.03145
Fifty Two Week High 82.85
Fifty Two Week High Change -1.0199966
Fifty Two Week High Change Percent -0.012311365
Fifty Two Week Low 30.05
Fifty Two Week Low Change 51.780003
Fifty Two Week Low Change Percent 1.7231282
Fifty Two Week Range 30.05 - 82.85
Financial Currency USD
First Trade Date Milliseconds 764,001,000,000
Float Shares 365,118,590
Forward Eps 3.6625
Forward P E 22.342663
Free Cashflow 934,499,968
Full Exchange Name NasdaqGS
Full Time Employees 147,979
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.09268
Gross Profits 2,487,000,064
Has Pre Post Market Data 1
Held Percent Insiders 0.0061500003
Held Percent Institutions 1.02939
Implied Shares Outstanding 369,790,328
Industry Electronic Components
Industry Disp Electronic Components
Industry Key electronic-components
Ir Website http://investors.flextronics.com/phoenix.zhtml?c=98555&p=irol-irhome
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,743,379,200
Last Split Date 1,704,240,000
Last Split Factor 1,327:1000
Long Business Summary Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, industrial, healthcare, industrial, and power industries. The company operates through two segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise, and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution, including appliances, floorcare, smart living, HVAC, and power tools; and consumer devices, such as mobile and high velocity consumer devices. Its FRS segment provides complex ramps with specialized production models and critical environments, which comprise industrial solutions, including industrial devices, capital equipment, renewables, and critical and embedded power solutions; automotive solutions, such as compute platforms, power electronics, motion, and interface; and health solutions comprising medical devices, medical equipment, and drug delivery. It also offers various services, including design and engineering, such as product design and engineering resources that provide design services, product development, and systems integration services and solutions; supply chain comprising manufacturing, customization, procurement, logistics, and innovative supply chain solutions; manufacturing; and logistics and value-added fulfillment services, including warehousing and vendor managed inventory, omni-channel fulfillment, kitting, configuration, and postponement. It operates in the Americas, Asia, and Europe. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Austin, Texas.
Long Name Flex Ltd.
Market us_market
Market Cap 30,259,943,424
Market State PRE
Max Age 86,400
Message Board Id finmb_26510
Most Recent Quarter 1,767,139,200
Net Income To Common 852,000,000
Next Fiscal Year End 1,774,915,200
Non Diluted Market Cap 30,086,757,200
Number Of Analyst Opinions 9
Open 80.88
Operating Cashflow 1,704,999,936
Operating Margins 0.05667
Overall Risk 1
Payout Ratio 0.0
Peg Ratio 0.94
Phone 512-425-7929
Previous Close 79.92
Price Eps Current Year 25.194975
Price Hint 2
Price To Book 5.874372
Price To Sales Trailing12 Months 1.1276298
Profit Margins 0.03175
Quick Ratio 0.716
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.3
Region US
Regular Market Change 1.91
Regular Market Change Percent 2.38989
Regular Market Day High 82.85
Regular Market Day Low 80.04
Regular Market Day Range 80.04 - 82.85
Regular Market Open 80.88
Regular Market Previous Close 79.92
Regular Market Price 81.83
Regular Market Time 1,776,456,000
Regular Market Volume 3,234,998
Return On Assets 0.04531
Return On Equity 0.1685
Revenue Growth 0.077
Revenue Per Share 71.656
Sand P52 Week Change 0.38150132
Sector Technology
Sector Disp Technology
Sector Key technology
Share Holder Rights Risk 2
Shares Outstanding 367,673,924
Shares Percent Shares Out 0.0239
Shares Short 8,773,326
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 8,886,565
Short Name Flex Ltd.
Short Percent Of Float 0.0273
Short Ratio 2.73
Source Interval 15
State TX
Symbol FLEX
Target High Price 84.0
Target Low Price 70.0
Target Mean Price 77.22222
Target Median Price 75.0
Total Cash 3,056,999,936
Total Cash Per Share 8.314
Total Debt 5,017,999,872
Total Revenue 26,834,999,296
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 2.23
Trailing P E 36.69507
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 60.5119
Two Hundred Day Average Change 21.3181
Two Hundred Day Average Change Percent 0.352296
Type Disp Equity
Volume 3,234,998
Website https://www.flex.com
Zip 78,759