Flex's fourth quarter 2026 revenue of $7.5B beat estimates by 8%, prompts spin-off of its cloud business.

Flex reported strong fourth quarter and full-year fiscal 2026 results, exceeding analyst expectations on revenue and earnings per share. The company also announced its intent to spin off its cloud and power infrastructure business into a new publicly traded company.

Key Highlights

• Fourth quarter revenue grew 17% year-over-year to $7.5 billion, while full-year 2026 revenue increased 8% to $27.9 billion.
• The company delivered a record adjusted operating margin of 6.3% for the full fiscal year, with the fourth quarter margin coming in at 6.7%.
• Flex announced a major strategic shift with its plan to spin off the Cloud and Power Infrastructure business into an independent, publicly traded company.