Flex Ltd reported fiscal 2026 net sales of $27.9 billion, up 8% year-over-year, driving a 61% stock rally in May.
Flex Ltd (NASDAQ:FLEX) shares jumped 61% in May, with nearly 40% of the gains occurring after its Q4 2026 earnings release on May 6. The company posted full-year net sales of $27.9 billion, an 8% increase year-over-year, while Q4 sales reached $7.5 billion, up 17% from the prior year.
Adjusted operating margins remained strong, with Q4 at 6.7% and full-year margins hitting a record 6.3%. The company credited disciplined execution, targeted acquisitions, and strategic capital investments for its performance. Flex has now delivered six consecutive quarters with adjusted operating margins of 6% or higher.
Freedom Capital initiated coverage on May 28 with a Hold rating and a $144 price target, noting the stock’s 49% gain since the Cloud and Power Infrastructure spinoff announcement. The firm suggested waiting for a pullback to $120-$130 for a better entry point.