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Integration·FLEX

Flex Ltd.

NASDAQ · SG

Design, engineering, manufacturing, and supply-chain services company.

AI relevance

Builds and integrates complex electronics, data center hardware, and infrastructure systems for OEMs.

Integration ODM / EMS

Price

$76.69

Change

-9.56 (-11.08%)

Market cap

$28.3B

52w range

$53–$167

Exchange

NASDAQ

Country

Jason's Chips

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Price chart

FLEX market performance

Daily close for Flex Ltd.

Latest close: $76.69
Range move: +$15.36 (+25.0%)
Range high: $162.1
Range low: $54.51
Latest volume: 11.0M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1254 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

82 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$158.00

+106.0%

Target range

$142.00 - $180.00

Rating mix

Buy

26 ratings

Next FY revenue

$34.71B

2027-03-31

Next FY EPS

$4.69

$4.64 - $4.74

Rating consensus26 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-03-31	$34.71B	$34.18B - $35.12B	$4.69	$4.64 - $4.74	$2.73B	$2.14B	$1.77B	$1.19B	4 rev / 4 EPS
2028-03-31	$45.21B	$41.72B - $46.44B	$7.12	$6.29 - $7.83	$3.78B	$3.13B	$2.66B	$1.56B	4 rev / 4 EPS
2029-03-31	$52.37B	$49.24B - $54.84B	$9.50	$8.58 - $10.42	$4.79B	$4.06B	$3.51B	$1.80B	4 rev / 2 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-26	$8.95B	$8.79B - $9.10B	$1.22	$1.18 - $1.25	$702.6M	$559.6M	$454.5M	$307.9M	2 rev / 3 EPS
2027-03-26	$9.71B	$9.62B - $9.78B	$1.41	$1.39 - $1.42	$784.1M	$638.5M	$526.2M	$333.9M	1 rev / 1 EPS
2027-06-26	$10.13B	$10.04B - $10.21B	$1.53	$1.51 - $1.54	$835.7M	$687.3M	$570.5M	$348.3M	1 rev / 1 EPS
2027-09-26	$10.76B	$10.67B - $10.85B	$1.66	$1.64 - $1.68	$894.7M	$743.0M	$621.1M	$370.2M	1 rev / 1 EPS
2027-12-26	$11.79B	$11.68B - $11.88B	$1.84	$1.82 - $1.86	$973.5M	$817.5M	$688.8M	$405.5M	1 rev / 1 EPS
2028-03-26	$12.48B	$12.37B - $12.58B	$2.01	$1.98 - $2.03	$1.05B	$884.8M	$749.9M	$429.2M	1 rev / 1 EPS
2028-06-26	$12.95B	$12.83B - $13.05B	$2.35	$2.32 - $2.37	$1.19B	$1.03B	$878.9M	$445.4M	1 rev / 1 EPS
2028-09-26	$13.27B	$13.15B - $13.37B	$2.49	$2.46 - $2.52	$1.25B	$1.08B	$931.3M	$456.4M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	4	$152.50
Last year	18	$123.06
All time	27	$95.81

Sources: StreetInsider, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-09-28	Freedom Capital Markets	Maintain	Buy	Buy
2026-09-08	Freedom Capital Markets	Maintain	Buy	Buy
2026-07-30	Goldman Sachs	Maintain	Buy	Buy
2026-07-30	Barclays	Maintain	Overweight	Overweight
2026-06-04	Barclays	Maintain	Overweight	Overweight
2026-05-08	Goldman Sachs	Maintain	Buy	Buy
2026-05-07	Barclays	Maintain	Overweight	Overweight
2026-05-07	Keybanc	Maintain	Overweight	Overweight

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-10-01	3	8	0
2026-09-01	3	8	0
2026-08-01	3	8	0
2026-07-01	3	8	1
2026-06-01	3	7	1
2026-05-01	3	7	1
2026-04-01	3	7	0
2026-03-01	3	7	0

FinancialsFY 2026

Financials

Revenue

$27.91B

Gross margin

9.2%

Operating income

$1.51B

Free cash flow

$1.05B

Cash + ST investments

$2.39B

Net debt

$1.93B

ROE

17.1%

ROIC

11.5%

EV / sales

0.9x

EV / EBITDA

13.7x

R&D / revenue

0.0%

Current ratio

1.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$27.91B	$2.56B	9.2%	$0	$1.51B	$1.92B	$880.0M	$2.33
FY 2025	$25.81B	$2.16B	8.4%	$0	$1.17B	$1.78B	$838.0M	$2.14
FY 2024	$26.41B	$1.86B	7.1%	$0	$853.0M	$1.41B	$1.01B	$2.47
FY 2023	$28.50B	$1.98B	6.9%	$0	$1.02B	$1.54B	$793.0M	$1.75
FY 2022	$24.63B	$1.78B	7.2%	$0	$890.0M	$1.61B	$936.0M	$1.97
FY 2021	$24.12B	$1.69B	7.0%	$0	$795.0M	$1.44B	$613.0M	$1.23
FY 2020	$24.21B	$1.34B	5.5%	$0	$415.0M	$1.07B	$88.0M	$0.17
FY 2019	$26.21B	$1.52B	5.8%	$0	$491.0M	$835.8M	$93.0M	$0.18
FY 2018	$25.44B	$1.60B	6.3%	$0	$497.8M	$1.20B	$428.5M	$0.81
FY 2017	$23.86B	$1.52B	6.4%	$0	$502.2M	$1.09B	$319.6M	$0.59
FY 2016	$24.42B	$1.61B	6.6%	$0	$587.2M	$1.05B	$444.1M	$0.80
FY 2015	$26.15B	$1.55B	5.9%	$0	$668.8M	$1.26B	$600.8M	$1.04

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$1.69B	$633.0M	$1.05B
FY 2025	$1.50B	$438.0M	$1.07B
FY 2024	$1.33B	$530.0M	$796.0M
FY 2023	$950.0M	$635.0M	$315.0M
FY 2022	$1.02B	$443.0M	$581.0M
FY 2021	$144.0M	$351.0M	-$207.0M
FY 2020	-$1.53B	$462.0M	-$2.00B
FY 2019	-$2.97B	$725.6M	-$3.70B
FY 2018	$753.6M	$562.0M	$191.6M
FY 2017	$1.15B	$525.1M	$624.8M
FY 2016	$1.14B	$510.6M	$625.8M
FY 2015	$794.0M	$347.4M	$446.6M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$2.39B	$5.74B	$5.84B	$3.16B	$22.06B	$4.32B	$1.93B	$16.92B	$5.14B
FY 2025	$2.29B	$4.29B	$5.07B	$2.89B	$18.38B	$4.15B	$1.86B	$13.38B	$5.00B
FY 2024	$2.47B	$3.28B	$6.21B	$2.87B	$18.26B	$3.89B	$1.41B	$12.93B	$5.33B
FY 2023	$3.16B	$3.72B	$7.39B	$2.95B	$21.41B	$4.20B	$1.03B	$15.70B	$5.35B
FY 2022	$2.96B	$3.89B	$6.58B	$2.76B	$19.32B	$4.75B	$1.78B	$15.12B	$4.13B
FY 2021	$2.64B	$4.24B	$3.90B	$2.74B	$15.84B	$4.34B	$1.71B	$12.40B	$3.44B
FY 2020	$1.92B	$2.72B	$3.79B	$2.82B	$13.69B	$3.37B	$1.44B	$10.86B	$2.83B
FY 2019	$1.70B	$2.83B	$3.72B	$2.34B	$13.50B	$3.05B	$1.36B	$10.53B	$2.97B
FY 2018	$1.47B	$2.52B	$3.80B	$2.24B	$13.72B	$2.94B	$1.47B	$10.70B	$3.02B
FY 2017	$1.83B	$2.19B	$3.40B	$2.32B	$12.59B	$2.95B	$1.12B	$9.92B	$2.64B
FY 2016	$1.61B	$2.04B	$3.49B	$2.26B	$12.38B	$2.77B	$1.17B	$9.78B	$2.57B
FY 2015	$1.63B	$2.34B	$3.49B	$2.09B	$11.69B	$2.07B	$442.6M	$9.30B	$2.36B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	9.2%	5.4%	3.2%	1.4x	0.9x	17.1%	11.5%	0.9x	13.7x	4.3%	0.0%	43d
FY 2025	8.4%	4.5%	3.2%	1.3x	0.8x	16.8%	9.8%	0.6x	8.3x	8.2%	0.0%	59d
FY 2024	7.1%	3.2%	3.8%	1.5x	0.8x	18.9%	8.7%	0.5x	9.2x	6.9%	0.0%	71d
FY 2023	6.9%	3.6%	2.8%	1.5x	0.8x	14.8%	8.1%	0.4x	7.5x	3.0%	0.0%	71d
FY 2022	7.2%	3.6%	3.8%	1.3x	0.7x	22.7%	8.4%	0.4x	6.6x	6.6%	0.0%	63d
FY 2021	7.0%	3.3%	2.5%	1.5x	1.0x	17.8%	8.3%	0.4x	7.5x	-2.3%	0.0%	42d
FY 2020	5.5%	1.7%	0.4%	1.3x	0.7x	3.1%	3.5%	0.2x	5.3x	-46.8%	0.0%	20d
FY 2019	5.8%	1.9%	0.4%	1.2x	0.7x	3.1%	3.8%	0.3x	8.0x	-68.9%	0.0%	18d
FY 2018	6.3%	2.0%	1.7%	1.3x	0.7x	14.2%	6.3%	0.4x	8.4x	2.2%	0.0%	16d
FY 2017	6.4%	2.1%	1.3%	1.3x	0.8x	12.1%	7.0%	0.4x	9.4x	6.9%	0.0%	16d
FY 2016	6.6%	2.4%	1.8%	1.3x	0.7x	17.3%	9.8%	0.3x	7.5x	9.3%	0.0%	18d
FY 2015	5.9%	2.6%	2.3%	1.3x	0.8x	25.4%	12.1%	0.3x	6.2x	6.1%	0.0%	17d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+8.1%	+18.5%	0.0%	+28.8%	+5.0%	+8.9%	-1.4%	-44.5%	+4.4%	+15.3%	+20.0%	+4.1%
FY 2025	-2.3%	+15.8%	0.0%	+37.0%	-16.7%	-13.4%	+34.0%	+17.4%	-7.5%	-18.3%	+0.7%	+6.7%
FY 2024	-7.3%	-5.6%	0.0%	-16.1%	+26.9%	+41.1%	+152.7%	+16.5%	-21.8%	-16.0%	-14.7%	-7.4%
FY 2023	+15.7%	+11.0%	0.0%	+14.3%	-15.3%	-11.2%	-45.8%	-43.3%	+6.7%	+12.3%	+10.8%	-11.6%
FY 2022	+2.1%	+5.5%	0.0%	+11.9%	+52.7%	+60.2%	+380.7%	-26.2%	+12.4%	+68.9%	+22.0%	+9.3%
FY 2021	-0.4%	+26.0%	0.0%	+91.6%	+596.6%	+623.5%	+89.6%	+24.0%	+37.1%	+2.9%	+15.7%	+29.0%
FY 2020	-7.6%	-11.8%	0.0%	-15.5%	-5.4%	-5.6%	+46.0%	+36.3%	+13.3%	+1.7%	+1.4%	+10.2%
FY 2019	+3.0%	-4.9%	0.0%	-1.4%	-78.3%	-77.8%	-2029.3%	-29.1%	+15.2%	-2.0%	-1.6%	+3.9%
FY 2018	+6.6%	+4.9%	0.0%	-0.9%	+34.1%	+37.3%	-69.3%	-7.0%	-19.6%	+11.9%	+8.9%	-0.4%
FY 2017	-2.3%	-5.4%	0.0%	-14.5%	-28.0%	-26.3%	-0.2%	-2.8%	+13.9%	-2.7%	+1.7%	+6.4%
FY 2016	-6.6%	+4.1%	0.0%	-12.2%	-26.1%	-23.1%	+40.1%	-47.0%	-1.3%	+0.1%	+5.9%	+34.0%
FY 2015	+0.2%	+7.3%	0.0%	+24.7%	+64.3%	+73.3%	-26.4%	+43.0%	+2.2%	-3.1%	-6.5%	-1.5%

SegmentsFY 2025

Revenue Mix

Period	Total	C T G	Communications and Enterprise Compute	I E I	H R S	Flex Agility Solutions (FAS)	Flex Reliability Solutions (FRS)	Flex Agility Solutions F A S	Flex Reliability Solutions F R S	I N S
FY 2025	$25.81B	--	--	--	--	$14.07B	$11.74B	--	--	--
FY 2024	$26.41B	--	--	--	--	$13.92B	$12.49B	--	--	--
FY 2021	$24.12B	--	--	--	--	--	--	$13.49B	$10.63B	--
FY 2020	$26.45B	$7.28B	$6.99B	$6.99B	$5.20B	--	--	--	--	--
FY 2019	$26.21B	$6.18B	$4.83B	$8.34B	$6.86B	--	--	--	--	--
FY 2018	$25.44B	$6.97B	$7.73B	$5.97B	$4.77B	--	--	--	--	--
FY 2017	$23.86B	$6.36B	$8.38B	$4.97B	$4.15B	--	--	--	--	--
FY 2016	$24.42B	$7.00B	$8.84B	$4.68B	$3.90B	--	--	--	--	--
FY 2015	$26.15B	$8.94B	--	$4.46B	$3.56B	--	--	--	--	$9.19B

Period	Total	Americas	Asia	Europe	MEXICO	CHINA	UNITED STATES	MALAYSIA	SINGAPORE	BRAZIL	S
FY 2026	$19.64B	--	--	--	$6.99B	$4.49B	$5.19B	$2.97B	--	--	--
FY 2025	$26.08B	$12.66B	$7.70B	$5.46B	--	--	--	--	$266.0M	--	--
FY 2024	$27.07B	$12.23B	$8.54B	$5.64B	--	--	--	--	$660.0M	--	--
FY 2023	$30.35B	$13.77B	$10.36B	$6.21B	--	--	--	--	--	--	--
FY 2022	$26.04B	$10.84B	$9.60B	$5.60B	--	--	--	--	--	--	--
FY 2021	$24.12B	$9.67B	$9.33B	$5.13B	--	--	--	--	--	--	--
FY 2020	$24.78B	$10.07B	$9.36B	$4.78B	--	--	--	--	$574.6M	--	--
FY 2019	$44.68B	$9.89B	$11.47B	$4.85B	$4.54B	$6.65B	$3.11B	$2.00B	--	$2.18B	--
FY 2018	$26.13B	$9.88B	$11.21B	$4.35B	--	--	--	--	$686.9M	--	--
FY 2017	$23.86B	$8.58B	$10.96B	$4.32B	--	--	--	--	--	--	--
FY 2016	$24.94B	$8.35B	$11.79B	$4.28B	--	--	--	--	$519.1M	--	--
FY 2015	$26.70B	$8.90B	$12.95B	$4.30B	--	--	--	--	--	--	$553.4M

Transcripts

Events

Next earnings

2026-10-28EPS est $1.06

Recent filings

42026-10-19
42026-10-19
42026-10-19

Latest news

Can EPC Power Acquisition Boost Flex's AI Infrastructure Growth?
Zacks Investment Research · 2026-10-20
12,357 Shares in Flex Ltd. $FLEX Bought by SteelPeak Wealth LLC
Defense World · 2026-10-19

Analyst expectations

Consensus target

$158.00

+106.0%

Target range

$142.00 - $180.00

Rating mix

Buy

26 ratings

Next FY revenue

$34.71B

2027-03-31

Next FY EPS

$4.69

$4.64 - $4.74

Rating consensus26 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-03-31	$34.71B	$34.18B - $35.12B	$4.69	$4.64 - $4.74	$2.73B	$2.14B	$1.77B	$1.19B	4 rev / 4 EPS
2028-03-31	$45.21B	$41.72B - $46.44B	$7.12	$6.29 - $7.83	$3.78B	$3.13B	$2.66B	$1.56B	4 rev / 4 EPS
2029-03-31	$52.37B	$49.24B - $54.84B	$9.50	$8.58 - $10.42	$4.79B	$4.06B	$3.51B	$1.80B	4 rev / 2 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-26	$8.95B	$8.79B - $9.10B	$1.22	$1.18 - $1.25	$702.6M	$559.6M	$454.5M	$307.9M	2 rev / 3 EPS
2027-03-26	$9.71B	$9.62B - $9.78B	$1.41	$1.39 - $1.42	$784.1M	$638.5M	$526.2M	$333.9M	1 rev / 1 EPS
2027-06-26	$10.13B	$10.04B - $10.21B	$1.53	$1.51 - $1.54	$835.7M	$687.3M	$570.5M	$348.3M	1 rev / 1 EPS
2027-09-26	$10.76B	$10.67B - $10.85B	$1.66	$1.64 - $1.68	$894.7M	$743.0M	$621.1M	$370.2M	1 rev / 1 EPS
2027-12-26	$11.79B	$11.68B - $11.88B	$1.84	$1.82 - $1.86	$973.5M	$817.5M	$688.8M	$405.5M	1 rev / 1 EPS
2028-03-26	$12.48B	$12.37B - $12.58B	$2.01	$1.98 - $2.03	$1.05B	$884.8M	$749.9M	$429.2M	1 rev / 1 EPS
2028-06-26	$12.95B	$12.83B - $13.05B	$2.35	$2.32 - $2.37	$1.19B	$1.03B	$878.9M	$445.4M	1 rev / 1 EPS
2028-09-26	$13.27B	$13.15B - $13.37B	$2.49	$2.46 - $2.52	$1.25B	$1.08B	$931.3M	$456.4M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	4	$152.50
Last year	18	$123.06
All time	27	$95.81

Sources: StreetInsider, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-09-28	Freedom Capital Markets	Maintain	Buy	Buy
2026-09-08	Freedom Capital Markets	Maintain	Buy	Buy
2026-07-30	Goldman Sachs	Maintain	Buy	Buy
2026-07-30	Barclays	Maintain	Overweight	Overweight
2026-06-04	Barclays	Maintain	Overweight	Overweight
2026-05-08	Goldman Sachs	Maintain	Buy	Buy
2026-05-07	Barclays	Maintain	Overweight	Overweight
2026-05-07	Keybanc	Maintain	Overweight	Overweight

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-10-01	3	8	0
2026-09-01	3	8	0
2026-08-01	3	8	0
2026-07-01	3	8	1
2026-06-01	3	7	1
2026-05-01	3	7	1
2026-04-01	3	7	0
2026-03-01	3	7	0

Financials

Revenue

$27.91B

Gross margin

9.2%

Operating income

$1.51B

Free cash flow

$1.05B

Cash + ST investments

$2.39B

Net debt

$1.93B

ROE

17.1%

ROIC

11.5%

EV / sales

0.9x

EV / EBITDA

13.7x

R&D / revenue

0.0%

Current ratio

1.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$27.91B	$2.56B	9.2%	$0	$1.51B	$1.92B	$880.0M	$2.33
FY 2025	$25.81B	$2.16B	8.4%	$0	$1.17B	$1.78B	$838.0M	$2.14
FY 2024	$26.41B	$1.86B	7.1%	$0	$853.0M	$1.41B	$1.01B	$2.47
FY 2023	$28.50B	$1.98B	6.9%	$0	$1.02B	$1.54B	$793.0M	$1.75
FY 2022	$24.63B	$1.78B	7.2%	$0	$890.0M	$1.61B	$936.0M	$1.97
FY 2021	$24.12B	$1.69B	7.0%	$0	$795.0M	$1.44B	$613.0M	$1.23
FY 2020	$24.21B	$1.34B	5.5%	$0	$415.0M	$1.07B	$88.0M	$0.17
FY 2019	$26.21B	$1.52B	5.8%	$0	$491.0M	$835.8M	$93.0M	$0.18
FY 2018	$25.44B	$1.60B	6.3%	$0	$497.8M	$1.20B	$428.5M	$0.81
FY 2017	$23.86B	$1.52B	6.4%	$0	$502.2M	$1.09B	$319.6M	$0.59
FY 2016	$24.42B	$1.61B	6.6%	$0	$587.2M	$1.05B	$444.1M	$0.80
FY 2015	$26.15B	$1.55B	5.9%	$0	$668.8M	$1.26B	$600.8M	$1.04

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$1.69B	$633.0M	$1.05B
FY 2025	$1.50B	$438.0M	$1.07B
FY 2024	$1.33B	$530.0M	$796.0M
FY 2023	$950.0M	$635.0M	$315.0M
FY 2022	$1.02B	$443.0M	$581.0M
FY 2021	$144.0M	$351.0M	-$207.0M
FY 2020	-$1.53B	$462.0M	-$2.00B
FY 2019	-$2.97B	$725.6M	-$3.70B
FY 2018	$753.6M	$562.0M	$191.6M
FY 2017	$1.15B	$525.1M	$624.8M
FY 2016	$1.14B	$510.6M	$625.8M
FY 2015	$794.0M	$347.4M	$446.6M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$2.39B	$5.74B	$5.84B	$3.16B	$22.06B	$4.32B	$1.93B	$16.92B	$5.14B
FY 2025	$2.29B	$4.29B	$5.07B	$2.89B	$18.38B	$4.15B	$1.86B	$13.38B	$5.00B
FY 2024	$2.47B	$3.28B	$6.21B	$2.87B	$18.26B	$3.89B	$1.41B	$12.93B	$5.33B
FY 2023	$3.16B	$3.72B	$7.39B	$2.95B	$21.41B	$4.20B	$1.03B	$15.70B	$5.35B
FY 2022	$2.96B	$3.89B	$6.58B	$2.76B	$19.32B	$4.75B	$1.78B	$15.12B	$4.13B
FY 2021	$2.64B	$4.24B	$3.90B	$2.74B	$15.84B	$4.34B	$1.71B	$12.40B	$3.44B
FY 2020	$1.92B	$2.72B	$3.79B	$2.82B	$13.69B	$3.37B	$1.44B	$10.86B	$2.83B
FY 2019	$1.70B	$2.83B	$3.72B	$2.34B	$13.50B	$3.05B	$1.36B	$10.53B	$2.97B
FY 2018	$1.47B	$2.52B	$3.80B	$2.24B	$13.72B	$2.94B	$1.47B	$10.70B	$3.02B
FY 2017	$1.83B	$2.19B	$3.40B	$2.32B	$12.59B	$2.95B	$1.12B	$9.92B	$2.64B
FY 2016	$1.61B	$2.04B	$3.49B	$2.26B	$12.38B	$2.77B	$1.17B	$9.78B	$2.57B
FY 2015	$1.63B	$2.34B	$3.49B	$2.09B	$11.69B	$2.07B	$442.6M	$9.30B	$2.36B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	9.2%	5.4%	3.2%	1.4x	0.9x	17.1%	11.5%	0.9x	13.7x	4.3%	0.0%	43d
FY 2025	8.4%	4.5%	3.2%	1.3x	0.8x	16.8%	9.8%	0.6x	8.3x	8.2%	0.0%	59d
FY 2024	7.1%	3.2%	3.8%	1.5x	0.8x	18.9%	8.7%	0.5x	9.2x	6.9%	0.0%	71d
FY 2023	6.9%	3.6%	2.8%	1.5x	0.8x	14.8%	8.1%	0.4x	7.5x	3.0%	0.0%	71d
FY 2022	7.2%	3.6%	3.8%	1.3x	0.7x	22.7%	8.4%	0.4x	6.6x	6.6%	0.0%	63d
FY 2021	7.0%	3.3%	2.5%	1.5x	1.0x	17.8%	8.3%	0.4x	7.5x	-2.3%	0.0%	42d
FY 2020	5.5%	1.7%	0.4%	1.3x	0.7x	3.1%	3.5%	0.2x	5.3x	-46.8%	0.0%	20d
FY 2019	5.8%	1.9%	0.4%	1.2x	0.7x	3.1%	3.8%	0.3x	8.0x	-68.9%	0.0%	18d
FY 2018	6.3%	2.0%	1.7%	1.3x	0.7x	14.2%	6.3%	0.4x	8.4x	2.2%	0.0%	16d
FY 2017	6.4%	2.1%	1.3%	1.3x	0.8x	12.1%	7.0%	0.4x	9.4x	6.9%	0.0%	16d
FY 2016	6.6%	2.4%	1.8%	1.3x	0.7x	17.3%	9.8%	0.3x	7.5x	9.3%	0.0%	18d
FY 2015	5.9%	2.6%	2.3%	1.3x	0.8x	25.4%	12.1%	0.3x	6.2x	6.1%	0.0%	17d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+8.1%	+18.5%	0.0%	+28.8%	+5.0%	+8.9%	-1.4%	-44.5%	+4.4%	+15.3%	+20.0%	+4.1%
FY 2025	-2.3%	+15.8%	0.0%	+37.0%	-16.7%	-13.4%	+34.0%	+17.4%	-7.5%	-18.3%	+0.7%	+6.7%
FY 2024	-7.3%	-5.6%	0.0%	-16.1%	+26.9%	+41.1%	+152.7%	+16.5%	-21.8%	-16.0%	-14.7%	-7.4%
FY 2023	+15.7%	+11.0%	0.0%	+14.3%	-15.3%	-11.2%	-45.8%	-43.3%	+6.7%	+12.3%	+10.8%	-11.6%
FY 2022	+2.1%	+5.5%	0.0%	+11.9%	+52.7%	+60.2%	+380.7%	-26.2%	+12.4%	+68.9%	+22.0%	+9.3%
FY 2021	-0.4%	+26.0%	0.0%	+91.6%	+596.6%	+623.5%	+89.6%	+24.0%	+37.1%	+2.9%	+15.7%	+29.0%
FY 2020	-7.6%	-11.8%	0.0%	-15.5%	-5.4%	-5.6%	+46.0%	+36.3%	+13.3%	+1.7%	+1.4%	+10.2%
FY 2019	+3.0%	-4.9%	0.0%	-1.4%	-78.3%	-77.8%	-2029.3%	-29.1%	+15.2%	-2.0%	-1.6%	+3.9%
FY 2018	+6.6%	+4.9%	0.0%	-0.9%	+34.1%	+37.3%	-69.3%	-7.0%	-19.6%	+11.9%	+8.9%	-0.4%
FY 2017	-2.3%	-5.4%	0.0%	-14.5%	-28.0%	-26.3%	-0.2%	-2.8%	+13.9%	-2.7%	+1.7%	+6.4%
FY 2016	-6.6%	+4.1%	0.0%	-12.2%	-26.1%	-23.1%	+40.1%	-47.0%	-1.3%	+0.1%	+5.9%	+34.0%
FY 2015	+0.2%	+7.3%	0.0%	+24.7%	+64.3%	+73.3%	-26.4%	+43.0%	+2.2%	-3.1%	-6.5%	-1.5%

Revenue Mix