OverviewSuggest Edit

Flex (formerly Flextronics) is a company that provides design, engineering, manufacturing, and supply chain services and solutions. It operates in four segments: High Reliability Solutions (HRS), Industrial and Emerging Industries (IEI), Communications & Enterprise Compute (CEC), and Consumer Technologies Group (CTG). The HRS segment offers health solutions, including surgical equipment, drug delivery, diagnostics, telemedicine, disposable devices, imaging and monitoring, patient mobility and ophthalmology, as well as automotive solutions, including vehicle electrification, connectivity, autonomous, and smart technologies. The IEI segment provides metering infrastructure, energy storage, smart lighting, and smart solar energy solutions, semiconductor and capital equipment, office solutions, household industrial and lifestyle products, industrial automation and kiosks. The CEC segment delivers telecom solutions, such as radio access base stations, remote radio heads and small cells for wireless infrastructure, optical, routing, and switching products for data and video networks, server and storage platforms for both enterprise and cloud-based deployments, storage and security appliance products, rack-level solutions, converged infrastructure, and software-defined product solutions. The CTG segment includes consumer-related businesses in IoT enabled devices, audio and consumer power electronics, mobile devices, and various supply chain solutions for consumer, computing, and printing devices.
TypePublic
Founded1969
HQSingapore, SG
Websiteflex.com
Employee Ratings3.8
Overall CultureC+

Latest Updates

Employees (est.) (Mar 2020)160,000(-20%)
Job Openings601
Revenue (FY, 2020)$24.2 B(-7%)
Share Price (Nov 2020)$15.9 (+5%)
Cybersecurity ratingCMore

Key People/Management at Flex

Revathi Advaithi

Revathi Advaithi

Chief Executive Officer and Director
Phil Ulrich

Phil Ulrich

Chief Human Resources Officer
Gus Shahin

Gus Shahin

Chief Information Officer
François Barbier

François Barbier

President, Global Operations and Components
Michael Hartung

Michael Hartung

President, Agility Solutions
Paul Lundstrom

Paul Lundstrom

Chief Financial Officer
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Flex Office Locations

Flex has offices in Singapore, Austin, Boston, Buffalo Grove and in 83 other locations
Singapore, SG (HQ)
2 Changi S Ln
Singapore, SG
1 Kallang Pl
Althofen, AT
Friesacher Str. 3
Hartberg, AT
Wiesengasse 55
Vienna, AT
Office Park I, Top B 07/02
Jaguariuna, BR
Rod. Campinas-Mogi Mirim, 323
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Flex Financials and Metrics

Flex Revenue

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View revenue for all periods
Flex's revenue was reported to be $24.21 b in FY, 2020 which is a 7.6% decrease from the previous period.
USD

Revenue (Q2, 2021)

6.0b

Gross profit (Q2, 2021)

419.0m

Gross profit margin (Q2, 2021), %

7%

Net income (Q2, 2021)

113.0m

Market capitalization (13-Nov-2020)

8.0b

Closing stock price (13-Nov-2020)

15.9

Cash (25-Sept-2020)

2.4b

EV

10.0b
Flex's current market capitalization is $8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

25.4b26.2b24.2b

Revenue growth, %

7%3%(8%)

Cost of goods sold

23.8b24.6b22.7b

Gross profit

1.6b1.5b1.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

6.4b6.7b6.9b6.2b6.1b6.5b5.2b6.0b

Cost of goods sold

6.0b6.3b6.5b5.8b5.8b6.0b4.8b5.6b

Gross profit

377.9m402.3m357.3m352.8m189.1m430.5m303.6m419.0m

Gross profit Margin, %

6%6%5%6%3%7%6%7%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.5b1.7b1.9b

Accounts Receivable

2.5b2.6b2.4b

Inventories

3.8b3.7b3.8b

Current Assets

9.2b9.1b9.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

1.3b1.4b1.5b1.9b1.8b1.8b1.9b2.4b

Accounts Receivable

2.9b2.9b2.9b2.6b2.4b3.0b3.3b3.8b

Inventories

4.0b4.4b3.9b3.7b3.7b3.7b3.5b3.6b

Current Assets

9.7b10.0b9.5b9.4b9.5b9.4b9.6b10.5b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

428.5m93.4m87.6m

Depreciation and Amortization

555.4m765.0m748.1m

Inventories

(354.3m)(360.2m)(66.5m)

Accounts Payable

623.1m68.1m(14.6m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

116.0m202.9m157.8m44.9m(72.1m)39.3m51.8m165.0m

Depreciation and Amortization

121.8m269.1m507.2m190.2m357.0m525.6m156.2m346.0m

Cash From Operating Activities

(671.8m)(1.7b)(2.3b)(656.9m)(1.6b)(1.7b)(629.4m)(365.0m)

Purchases of PP&E

(172.2m)(363.4m)(592.1m)(162.1m)(271.5m)(375.8m)(110.3m)(185.0m)
USDFY, 2018

EV/CFO

13.4 x

Revenue/Employee

127.2k

Debt/Equity

1 x

Debt/Assets

0.2 x

Financial Leverage

4.5 x

P/E Ratio

20.4
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Flex Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Manufacturing Space, sq. ft.

28 m27 m27 m

Bookings (High Reliability Solutions)

$784 m$1.05 b$1.02 b$1.30 b

Bookings (Consumer Technologies Group)

$1 b$2.10 b

Bookings (Industrial and Emerging Industries)

$2 b$2.40 b
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Flex Acquisitions / Subsidiaries

Company NameDateDeal Size
AGM AutomotiveJune 01, 2017$220 m
NEXTrackerSeptember 08, 2015$330 m
MCi (Mirror Controls International) Ltd.May 05, 2015€457 m
Stellar Microelectronics IncMarch 12, 2012
Avail Medical ProductsAugust 30, 2007
Telcom Global SolutionsAugust 23, 2001
Flextronics DesignApril 06, 2000
The Dii GroupNovember 22, 1999
Astron Group LimitedApril 21, 1999
Astron Group LtdApril 21, 1999
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Flex Revenue Breakdown

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Flex revenue breakdown by business segment: 21.5% from Consumer Technologies Group, 28.9% from Communications & Enterprise Compute, 19.6% from High Reliability Solutions and 30.1% from Industrial & Emerging Industries

Flex revenue breakdown by geographic segment: 5.6% from Hungary, 15.4% from U.S., 18.4% from Mexico, 23.4% from China, 5.4% from India, 7.6% from Brazil, 6.4% from Malaysia and 18.0% from Other

Flex Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Flex Online and Social Media Presence

Embed Graph

Flex Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    A+

    77/100

  • Compensation

    C+

    64/100

  • Diversity

    C-

    62/100

Learn more on Comparably

Flex News and Updates

Flex reports second quarter fiscal 2021 results

Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 25, 2020.

Catalyst Welcomes Six New Members to Board of Directors

Catalyst, the global leader in accelerating progress for women through workplace inclusion, welcomes six new members to its Board of Directors, representing innovative CEOs and veteran board leaders committed to advancing Catalyst’s mission.

Revathi Advaithi named one of Fortune's most powerful women in 2020

In her second year as CEO of the manufacturing and supply-chain company, Advaithi moved to streamline the business. But revenue took a hit when Huawei, a major customer, got caught up in the U.S.-China trade war. Even as an 8% drop in sales, to $24.2 billion, pushed the company off the Global 500, A…

Singapore-based spend management platform Finaxar issues corporate Visa cards

Singapore-based fintech Finaxar announced today the launch of Flex by Finaxar, a unified spend management solution jointly developed in partnership with leading global payments technology company, Visa.

Flex partners with Leddartech for mass production of automotive lidar sensors

Quebecer LeddarTech , specialist in detection technology for advanced driving assistance systems (ADAS systems) and level 1 to 5 autonomous driving, announces a collaboration with the Flex subcontracting group on the development of '' a LiDAR evaluation kit and related service offering for the desig…

Flex to flex its workforce in Malaysia

Flex, one of the world's largest manufacturing and technology solutions providers, has reiterated its commitment to Malaysia with a target of growing its workforce here by 20 per cent in the next 12 months. This translates to over 3,500 job opportunities for Malaysians. Flex is currently one …
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Flex Blogs

靠谱的公司寻找靠谱的你!

缘分或许就是, 你有“伯乐难觅”的无奈, 而我有“精英难寻”的感慨。 来看看伟创力中国大家庭这7个区域,180多个职位哪个合适你? 或许你的伯乐就在眼前!   你将获得  有竞争力的福利待遇; 法定的社保及假期;补充商业保险;全面的线上线下培训课程; 多样化的职业发展途径; 全球调岗的机会;丰富多样的员工和家庭活动。 Shanghai |上海地区   Suzhou |苏州地区   Nanjing |南京   Dongguan |东莞   Shenzhen |深圳地区 Zhuhai |珠海地区   Changsha|长沙…

伟你喝彩伴你同行—伟创力中秋晚会精彩回顾

值此中秋佳节,伟创力吴中特地举办了一场主题为“伟你喝彩”的晚会,邀请来自五湖四海的大家庭成员们齐聚一堂,共度欢乐时光。 从别出心裁的星光大道,到绚丽夺目的灯光舞台;; 从琳琅满目的美食酒水,到满载心意的特殊生日礼物,每个细节都体现出了伟创力大家庭的用心。   现场的节目表演更是精彩绝伦,高潮迭起。从活灵活现的美少女民族舞,到激情活力的劲动街舞;从流行经典的《光辉岁月》,到童趣十足的《童年》;从正能量满满的手语舞,到俏皮可爱的视频舞,以及气氛最嗨的“跑马”有奖互动,观众的欢呼声一浪高过一浪,大家都沉浸在欢乐的海洋中。   最后,现场更将“月球”搬上了舞台,另有载着梦想的气球缓缓升空,传递了…

今年中秋,拼的就是脑力!

除了赏月食饼, 中秋还可以怎样过?   今年中秋, 不仅要有仪式感, 更要加点不一样的料。   点击下方链接, 翻牌中秋解谜大比拼, 秀出你的非凡脑力!   其中更有伟创力送上的独家惊喜, 还等什么? 快来参与! 链接:https://www.miduoapi.com/app/index.php?i=6&c=entry&rid=45&do=interface&m=jk_answer  

伟创力户外拓展日,与你共筑未来梦

日前,伟创力旗下的昆山爱杰姆汽车配件有限公司组织了一场有品又有趣的户外拓展活动,大家齐聚在苏州风情牛仔俱乐部,感受别样风景,体验精彩互动。   【拓展项目连连看】 活动一开始,伟创力大家庭成员一起参与了“共绘Flex色彩,共筑未来梦”的互动。一幅幅斑斓的画面拼成了震撼人心的巨制,更表达了伟创力大家庭成员所坚持、所向往的未来。   在随后的拓展项目中,大家充分展现了团队智慧和协作精神。挑战卓越圈,看队员们大展身手,灵活通过。击响同心鼓,10人为一组协力执绳将鼓面的球颠起来,此起彼伏的“咚咚”声让人倍感振奋,正应了项目的名字——“鼓舞人生”。极速60秒,看每个人脑洞大开,玩转数字密码。龙舟竞技…

伟创力家庭日,带你拥抱未来•拥抱爱

要论精彩的家庭日活动,伟创力东莞首届“拥抱未来•拥抱爱”主题家庭日一定榜上有名。27个来自五湖四海的家庭相聚在一起,度过了快乐而难忘的美好时光。   让我们跟随他们的脚步,一起去探秘精彩!   亲子游戏环节巧妙地融入了工厂流水线的生产模式,让家长和孩子们在体验的过程中领悟团队合作的精妙。 随后大家一起参观了办公区、模拟产线和星光大道等“著名景点”,孩子们对于爸爸妈妈的工作有了更加立体的认知。   在整日的活动中,不仅有美食相伴,还有多重惊喜好礼。每位小朋友都获得了一份精致的礼物,更有十组幸运家庭赢得家庭旅游套票,获得在花园酒店欢度周末的专享福利!   在一片欢声笑语中,伟创…

智能个人机器人Temi,你的个性化家庭管家

生活中有一款机器人是一种怎样的体验?                                   让智能个人机器人Temi来为你解答!   Temi 由伟创力与Roboteam Home团队合力打造,它可以身兼多职——个人助理、DJ、媒体中心,甚至摄影师等等。只要你用声音呼叫,它就会即刻来到你的身边,让你可以随时随地与朋友和家人交流,就像他们正陪在你身边一样。而依托安卓平台,temi还可以连接教育、医疗、游戏,和娱乐等各种软件,让你足不出户也可以尽享乐趣。   Temi团队在初期不仅面临机械设计和组装的挑战,也遭受不小的成本压力。在充分了解客户需求后,伟创力福永团队利用卓越产品设计…
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Flex Frequently Asked Questions

  • When was Flex founded?

    Flex was founded in 1969.

  • Who are Flex key executives?

    Flex's key executives are Revathi Advaithi, Phil Ulrich and Gus Shahin.

  • How many employees does Flex have?

    Flex has 160,000 employees.

  • What is Flex revenue?

    Latest Flex annual revenue is $24.2 b.

  • What is Flex revenue per employee?

    Latest Flex revenue per employee is $151.3 k.

  • Who are Flex competitors?

    Competitors of Flex include Foxconn Technology Group, Plexus and Jabil.

  • Where is Flex headquarters?

    Flex headquarters is located at 2 Changi S Ln, Singapore.

  • Where are Flex offices?

    Flex has offices in Singapore, Austin, Boston, Buffalo Grove and in 83 other locations.

  • How many offices does Flex have?

    Flex has 106 offices.