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FLEX Set to Report Q3 Earnings: Here's What You Should Know
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Key Takeaways
Flex will report Q3 FY26 results Feb. 4, with consensus estimates at $6.81B in revenues and $0.79 in EPS.
FLEX's data center business is a key growth driver, supported by AI infrastructure demand.
Flex projects Q3 revenues of $6.65B-$6.95B and adjusted EPS of $0.74-$0.80 amid ongoing macro volatility.
Flex Ltd (FLEX - Free Report) is slated to report third-quarter fiscal 2026 results on Feb. 4.
The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $6.81 billion, which indicates an increase of 3.9% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at 79 cents per share, up 2.6% year over year.
For the third quarter of fiscal 2026, Flex expects revenues to be between $6.65 billion and $6.95 billion. Management expects adjusted earnings of 74-80 cents per share.
The company’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 11.4%, on average.
Flex has been witnessing strong momentum, underpinned by accelerating data center demand, improving margins and disciplined execution across its diversified portfolio.
The company’s data center business has now emerged as its most powerful growth engine. On the last earnings call, management emphasized that AI is driving one of the biggest infrastructure build-outs, and Flex is positioned at the center of it. Flex’s grid-to-chip approach is compelling as it integrates the product portfolio with advanced manufacturing capabilities and global scale.
The company’s AI infrastructure platform, unveiled at the OCP Global Summit, positions it deeper into higher-value, integrated solutions spanning power, cooling and compute. Flex also deepened its relationship with NVIDIA by partnering on next-gen 800-volt DC AI factories, which offer higher energy efficiency, reduced cooling costs and higher reliability.
Though Power and cloud markets are the main focus right now, Flex’s diversified portfolio continues to support stability and incremental upside. The Health Solutions segment is witnessing “steady” medical device demand, with expectations for improved momentum in medical equipment. Optical switch and SATCOM demand remain key tailwinds for the Communications and enterprise segment revenues.
Margin improvement is likely to have been driven by a favorable mix and continued operational execution. Adjusted operating income is projected to be between $405 million and $435 million for the fiscal third quarter.
Nonetheless, macro volatility remains concerning, along with increasing costs. For the Reliability Solutions business, management forecasts sales in the fiscal third quarter to grow mid to high-single digits, supported by strong power demand and accelerating growth in medical devices. However, a soft but stabilizing environment in renewables and auto remains a concern, added management.
Agility Solutions’ revenues are expected to range from slightly down to up low single digits, as continued cloud growth is offset by softer demand in consumer devices and lower expectations in Lifestyle due to the Ukraine facility shutdown.
Key Highlights
On Nov. 12, 2025, Flex deployed its advanced rack-level liquid cooling solution at Equinix’s Co-Innovation Facility in Ashburn, VA. The setup combines JetCool’s standalone and facility-integrated single-phase direct liquid cooling in one OCP ORv3 rack.
On Nov. 3, 2025, Flex announced a partnership with LG Electronics to co-develop integrated modular cooling systems designed to tackle the growing thermal challenges of AI-driven data centers.
What Our Model Says for Flex
Our proven model does not predict an earnings beat for FLEX this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
FLEX has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three stocks you may want to consider, as our model shows that these have the right elements to post an earnings beat in this reporting cycle.
CRUS is scheduled to report quarterly earnings on Feb. 3. The Zacks Consensus Estimate for CRUS’ to-be-reported quarter’s earnings and revenues is pegged at $2.42 per share and $536.3 million, respectively. Shares of CRUS have gained 29.6% in the past year.
NXP Semiconductors N.V. (NXPI - Free Report) presently has an Earnings ESP of +0.19% and a Zacks Rank #2. NXPI is scheduled to report quarterly numbers on Feb. 2. The Zacks Consensus Estimate for NXPI’s to-be-reported quarter’s earnings and revenues is pegged at $3.30 per share and $3.3 billion, respectively. Shares of NXPI have risen 11.9% in the past year.
Advanced Micro Devices, Inc. (AMD - Free Report) has an Earnings ESP of +1.05% and a Zacks Rank #2 at present. AMD is scheduled to report quarterly figures on Feb. 3. The Zacks Consensus Estimate for AMD’s to-be-reported quarter’s earnings and revenues is pegged at $1.33 per share and $9.67 billion, respectively. Shares of AMD have skyrocketed 116.7% in the past year.
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FLEX Set to Report Q3 Earnings: Here's What You Should Know
Key Takeaways
Flex Ltd (FLEX - Free Report) is slated to report third-quarter fiscal 2026 results on Feb. 4.
The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $6.81 billion, which indicates an increase of 3.9% from the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at 79 cents per share, up 2.6% year over year.
For the third quarter of fiscal 2026, Flex expects revenues to be between $6.65 billion and $6.95 billion. Management expects adjusted earnings of 74-80 cents per share.
The company’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 11.4%, on average.
Image Source: Zacks Investment Research
In the past year, the stock has surged 57.2% compared with the Zacks Electronics - Miscellaneous Products industry’s growth of 43.5%.
Factors to Note for FLEX’s Q3 Results
Flex has been witnessing strong momentum, underpinned by accelerating data center demand, improving margins and disciplined execution across its diversified portfolio.
The company’s data center business has now emerged as its most powerful growth engine. On the last earnings call, management emphasized that AI is driving one of the biggest infrastructure build-outs, and Flex is positioned at the center of it. Flex’s grid-to-chip approach is compelling as it integrates the product portfolio with advanced manufacturing capabilities and global scale.
The company’s AI infrastructure platform, unveiled at the OCP Global Summit, positions it deeper into higher-value, integrated solutions spanning power, cooling and compute. Flex also deepened its relationship with NVIDIA by partnering on next-gen 800-volt DC AI factories, which offer higher energy efficiency, reduced cooling costs and higher reliability.
Though Power and cloud markets are the main focus right now, Flex’s diversified portfolio continues to support stability and incremental upside. The Health Solutions segment is witnessing “steady” medical device demand, with expectations for improved momentum in medical equipment. Optical switch and SATCOM demand remain key tailwinds for the Communications and enterprise segment revenues.
Flex Ltd. Price and EPS Surprise
Flex Ltd. price-eps-surprise | Flex Ltd. Quote
Margin improvement is likely to have been driven by a favorable mix and continued operational execution. Adjusted operating income is projected to be between $405 million and $435 million for the fiscal third quarter.
Nonetheless, macro volatility remains concerning, along with increasing costs. For the Reliability Solutions business, management forecasts sales in the fiscal third quarter to grow mid to high-single digits, supported by strong power demand and accelerating growth in medical devices. However, a soft but stabilizing environment in renewables and auto remains a concern, added management.
Agility Solutions’ revenues are expected to range from slightly down to up low single digits, as continued cloud growth is offset by softer demand in consumer devices and lower expectations in Lifestyle due to the Ukraine facility shutdown.
Key Highlights
On Nov. 12, 2025, Flex deployed its advanced rack-level liquid cooling solution at Equinix’s Co-Innovation Facility in Ashburn, VA. The setup combines JetCool’s standalone and facility-integrated single-phase direct liquid cooling in one OCP ORv3 rack.
On Nov. 3, 2025, Flex announced a partnership with LG Electronics to co-develop integrated modular cooling systems designed to tackle the growing thermal challenges of AI-driven data centers.
What Our Model Says for Flex
Our proven model does not predict an earnings beat for FLEX this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
FLEX has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks With the Favorable Combination
Here are three stocks you may want to consider, as our model shows that these have the right elements to post an earnings beat in this reporting cycle.
Cirrus Logic, Inc (CRUS - Free Report) currently has an Earnings ESP of +5.90% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
CRUS is scheduled to report quarterly earnings on Feb. 3. The Zacks Consensus Estimate for CRUS’ to-be-reported quarter’s earnings and revenues is pegged at $2.42 per share and $536.3 million, respectively. Shares of CRUS have gained 29.6% in the past year.
NXP Semiconductors N.V. (NXPI - Free Report) presently has an Earnings ESP of +0.19% and a Zacks Rank #2. NXPI is scheduled to report quarterly numbers on Feb. 2. The Zacks Consensus Estimate for NXPI’s to-be-reported quarter’s earnings and revenues is pegged at $3.30 per share and $3.3 billion, respectively. Shares of NXPI have risen 11.9% in the past year.
Advanced Micro Devices, Inc. (AMD - Free Report) has an Earnings ESP of +1.05% and a Zacks Rank #2 at present. AMD is scheduled to report quarterly figures on Feb. 3. The Zacks Consensus Estimate for AMD’s to-be-reported quarter’s earnings and revenues is pegged at $1.33 per share and $9.67 billion, respectively. Shares of AMD have skyrocketed 116.7% in the past year.