Austin, Texas-based Flex Ltd. (FLEX) provides technology innovation, supply chain, and manufacturing solutions to the data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power industries in the Americas and internationally. The company has a market cap of $41.2 billion and operates through three segments: Integrated Technology Solutions (ITS), Regulated Manufacturing Solutions (RMS), and Cloud and Power Infrastructure (CPI).
Companies with a market cap of $10 billion or more are typically called “large-cap stocks.” FLEX fits squarely into that category, with its market cap exceeding this threshold and reflecting its substantial size and influence in the electronic components industry.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
However, the company currently trades 31.4% below its 52-week high of $166.86 recorded on June 3. FLEX has declined 26.6% over the past three months, underperforming the State Street Technology Select Sector SPDR ETF’s (XLK) 2.1% rise over the same period.
www.barchart.comIn the longer term, FLEX has delivered a different performance. The stock has grown nearly 94% over the past 52 weeks, rallying 38.9% rise of XLK over the same period. FLEX has been trading above its 200-day moving average since last year, indicating long-term bullish momentum, and below its 50-day moving average since July.
www.barchart.comOn July 30, FLEX stock rose 8.6% following the release of its Q1 2026 earnings. The company’s revenue for the quarter rose 20.6% from the prior year’s quarter to $7.9 billion and surpassed the Street’s forecasts. Moreover, its adjusted EPS amounted to $1, also coming in on top of Wall Street’s estimates. Flex expects full-year earnings in the range of $4.42 to $4.74 per share, with revenue ranging from $33.7 billion to $35.2 billion, raising guidance in light of the robust demand for its AI infrastructure solutions.
Over the past year, the stock’s performance has been excellent due to its being positioned perfectly in the AI data center market boom. As large tech companies rush to build massive-scale data centers to get ahead in the AI race, companies like FLEX, which offer the necessary materials to construct such integrated and complex data centers, are capitalizing on that growth massively.
When stacked against its peer, TE Connectivity plc (TEL) has declined 2.3% over the past year, underperforming FLEX stock.
Wall Street has a highly bullish view of the stock currently. Among the 12 analysts tracking FLEX, the overall consensus stands at a “Strong Buy.” Its mean price target of $160.18 suggests a 40% upside potential from current price levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
This High-Yield Tobacco Stock Just Raised Its Dividend by 8.8% America’s Tech Elite Are Sounding the Alarm on AI. They’re Also Already the Richest People in the World. Broadcom Just Named Its Next AI Customer. It Isn’t Google. Intel vs. TSMC: One Chip Stock Controls 72.5% of the Foundry Market. The Other Is Mounting a Comeback.