I would say analyst, Flex's fiscal 2026 revenue was $27.9 billion, up 8% for two reasons – first, continued growth in cloud, power and industrial; second, persistent softness in consumer‑related end markets offsetting that growth. To put a finer point on it, adjusted gross margin rose to 9.5% and operating margin to 6.3%, each up 70 bps, while Q4 set records of $7.5 billion revenue, 9.9% gross and 6.7% operating margins, each +50 bps, in a dynamic year marked by macro uncertainty and accelerating AI deployment, with revenue ahead of expectations across all segments.

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FLEX / The year, and a record fourth quarter

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2026-08-10T09:01:50.741Z