FLEX LTD. FY 2026 10-K, explained in plain English

Key financials — as reported

Total revenue	$27.9B
Gross margin	9.2%
Operating income	$1.4B
Net income	$880.0M
Diluted EPS	$2.33
Cash & equivalents	$2.4B
Total assets	$22.1B
Long-term debt	$3.8B

Key takeaway

Flex reported $27.9 billion in revenue and $880 million in net income for fiscal year 2026, with diluted EPS of $2.33.

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Beneath the surface

Net debt is roughly $1.38 billion (total debt of $3.768 billion carrying amount minus $2.389 billion cash and equivalents), a more meaningful leverage picture than the headline long-term debt figure alone suggests.

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