Flex Ltd. (Flex) is the advanced, end-to-end manufacturing partner of choice that helps a diverse customer base design, build, deliver and manage innovative products that improve the world.
Through the collective strength of a global workforce across approximately 30 countries with responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The company's full suite of specialized capabilities includes...
Flex Ltd. (Flex) is the advanced, end-to-end manufacturing partner of choice that helps a diverse customer base design, build, deliver and manage innovative products that improve the world.
Through the collective strength of a global workforce across approximately 30 countries with responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The company's full suite of specialized capabilities includes design and engineering, supply chain, manufacturing, post-production and post-sale services, and proprietary products. Flex partners with customers across a diverse set of industries, including data center, communications, enterprise, consumer, automotive, industrial, healthcare, industrial and power.
Segments
As of March 31, 2025, Flex's two segments were as follows:
Flex Agility Solutions (FAS), which comprises the following end markets:
Communications, Enterprise and Cloud (CEC), including data center, edge, and communications infrastructure.
Lifestyle, including appliances, floorcare, smart living, HVAC (heating, ventilation and air-conditioning), and power tools.
Consumer Devices, including mobile and high velocity consumer devices.
Flex Reliability Solutions (FRS), which comprises the following end markets:
Industrial, including industrial devices, capital equipment, renewables, critical power, and embedded power.
Automotive, including compute platforms, power electronics, motion, and interface.
Health Solutions, including medical devices, medical equipment, and drug delivery.
In fiscal year 2025, Flex formally introduced the next phase in its strategic evolution, its EMS + Products + Services approach. This hybrid model is focused on strengthening the company’s core manufacturing and supply chain capabilities while expanding its portfolio of proprietary products and value-added services to maximize value creation for customers. To advance this approach, the company completed several strategic acquisitions in fiscal year 2025 that enhance its differentiated portfolio to address critical data center customer challenges around power, heat and scale. These included the acquisitions of JetCool Technologies Inc. (JetCool) to expand direct-to-chip liquid cooling capabilities and Crown Technical Systems (Crown) to increase critical power capabilities while adding opportunities in grid modernization.
On January 2, 2024, the company completed its previously announced spin-off of its remaining interests in Nextracker Inc. (Nextracker) to Flex shareholders.
The FAS segment is optimized for speed to market, based on a highly flexible supply and manufacturing system. The FRS segment is optimized for longer product lifecycles requiring complex ramps with specialized production models and critical environments.
The company's customers include many of the world's leading data center, consumer products, healthcare, automotive, consumer products, and industrial companies. The company is focused on establishing long-term relationships with its customers and has been successful in expanding relationships to incorporate additional product lines and services.
In fiscal year 2025, the company’s ten largest customers accounted for approximately 44% of net sales.
With the company's EMS + Products + Services approach, Flex has positioned the company as the only outsourcing partner offering fully integrated racks, vertical services, and a complete power products portfolio from the grid to the chip. Additionally, Flex is continuously building toward a vision of the future of manufacturing through strategic investments and implementations that drive increasing optimization and productivity for the company and its customers.
Strategy
The company's EMS + Products + Services strategy is centered upon enhancing its core manufacturing and supply chain capabilities while broadening its portfolio of proprietary products and value-added services, maximizing value creation for its customers and shareholders. The company is actively investing in areas that strengthen its competitive positioning, whether through advanced product lifecycle capabilities, cutting-edge manufacturing and product technologies, or innovative processes and business methods.
The company is consistently advancing its expertise in factory automation, robotics, artificial intelligence, vertical integration, simulation, digital twins, and power, among other disruptive technologies, while reinforcing its positioning in the AI-centric data center ecosystem. The company selects ethical partners and integrates the supply chain so that its customers can operate efficiently and responsibly. The company is committed to investing in its employees and communities.
Customer Focus: The company focuses on delivering distinctive products and services in a cost-effective manner with fast time to market. The company is highly collaborative and leverages its global system and processes to operate with speed and responsiveness to provide customers with reliable and responsible solutions throughout the product lifecycle.
Markets: The company focuses on companies that are leaders in their industry and value its superior capabilities in design and engineering, supply chain, manufacturing, post-production, and post-sale services. The company focuses on high-growth industries and markets where it has distinctive competence and a compelling value proposition. In addition to its end-to-end services and power products for the data center, examples include investments in specific technologies and capabilities for automotive, healthcare, industrial, and consumer-related markets.
Service Offerings
Flex provides design and engineering, supply chain, manufacturing, post-production and post-sale services through a network of approximately 100 locations in approximately 30 countries across four continents. Beyond its core advanced manufacturing and supply chain capabilities, the company maximizes value to its customers through proprietary products and value-added services. The company has established global scale through an extensive network of manufacturing operations and service sites in the world's major product markets (Asia, the Americas, and Europe) to serve the supply chain needs of both multinational and regional companies.
The company offers global economies of scale in advanced materials and technology sourcing, manufacturing, and post-sale services, as well as market-focused expertise and capabilities in design and engineering. As a result of extensive experience in specific markets, the company has developed a deep understanding of complex market dynamics, giving it the ability to anticipate trends that impact customers' businesses. The company's expertise can help improve customers' market positioning by effectively adjusting product plans and roadmaps to deliver high-quality products that meet their geographic and time to market requirements.
The company's end-to-end services include all processes necessary to design, build, deliver, and manage a wide range of products for customers. These services include:
Design and Engineering Services: Across all of the key industries and markets in which the company does business, it offers industry-leading global design and engineering services, with extensive product design and engineering resources that provide design services, product development, systems integration services, and solutions to satisfy a wide array of customer requirements, including system architecture; user interface and industrial design; cross-industry technologies; hardware design; software integration; and design for excellence.
Flex provides differentiated offerings to support major technology transitions, such as compute and power, as well as specialized capabilities across the product lifecycle, such as mechanicals, plastics, and advanced printed circuit board assembly (PCBA). The company’s design and engineering services help customers de-risk technology adoption, develop products from concept to volume production, and go to market in a rapid and low-risk manner.
Supply Chain Services: The company offers one of the most trusted and resilient global supply chain services through a combination of digital supply chain capabilities, deep expertise, real-time visibility and analytics, and collaborative supplier relationships to help customers navigate complex, global supply chains. Through its component services, the company provides manufacturing, customization, procurement, global logistics services, and innovative supply chain solutions on a wide range of electronic components by utilizing the Flex global procurement and supply chain ecosystem to increase resiliency.
Manufacturing Services: The company's manufacturing operations and systems assembly generate the majority of its revenues and include PCBA and assembly of systems and subsystems that incorporate printed circuit boards and complex electromechanical components. The company assembles electronic products with custom electronic enclosures on either a build-to-order or configure-to-order basis. As customers seek to provide greater functionality in physically smaller products, they increasingly require more sophisticated manufacturing technologies and processes. The company's investment in advanced manufacturing equipment and its expertise in innovative miniaturization, packaging, and interconnective technologies enable it to offer a variety of leading-edge manufacturing solutions. The company supports a wide range of product demand profiles, from low-volume, high-complexity programs to high-volume production. Its manufacturing capabilities and systems assembly include enclosures, testing services, and materials procurement and inventory management.
Post-production Services: Through forward logistics and value-added fulfillment, including warehousing and vendor-managed inventory, omni-channel fulfillment, kitting, configuration, and postponement, the company empowers customers to find the optimal route to market and deliver a seamless customer experience. Its customers are enabled to maximize operational resiliency thanks to the breadth of its global scale, strategic insights, and extensive visibility. The company's post-production services are tailored to customers from a wide range of industries that serve business-to-business and business-to-consumer markets.
Post-sale Services: The company provides a suite of integrated reverse logistics and circular economy services that use globally consistent processes, which help increase its customers' brand loyalty by improving turnaround times and raising end-customer satisfaction levels while significantly reducing the carbon footprint for its customers. The company's post-sale services include returns management, spare parts logistics, asset recovery, repair, refurbishment, warranty services, recycling, and e-waste management. The company services multiple product lines, such as consumer and midrange products, printers, smartphones, audio devices, consumer medical devices, notebook personal computers, floorcare products, and highly complex infrastructure products.
Portfolio of Power and Cooling Products: The company offers an industry-leading, differentiated product portfolio of power and cooling products that tackle all power and data center heat challenges across compute densities. Its embedded and critical power products help data center customers meet increasing power demands given the proliferation of Generative AI. The company's embedded power capabilities span power shelves, battery back-up units, capacitive energy storage systems, and DC/DC converters, helping customers address board and rack power density requirements. At data center facilities, Anord Mardix, a Flex company, offers a broad array of critical power capabilities, including building information modeling, prefabricated construction, and turnkey installation of switchgear, busway, power distribution, and modular power pods, along with monitoring solutions and services. Additionally, Crown, acquired by Flex in fiscal year 2025, provides fully integrated power distribution and protection systems, including modular solutions, medium voltage switchgear, control, and relay products for data centers, utilities, and power generation. For liquid cooling, JetCool, also acquired by Flex in fiscal year 2025, mitigates data center heat challenges with patented microconvective cooling technology, capable of cooling over 3,000W, as well as offering complete turn-key microconvective cooling systems that include fully sealed cold plates, direct liquid-to-chip products, and a coolant distribution unit (CDU).
Intellectual Property
The company owns or licenses various United States and foreign patents relating to a variety of technologies. For certain of its proprietary processes, inventions, and works of authorship, the company relies on trade secret or copyright protection. The company also maintains trademark rights (including registrations) for its corporate name and several other trademarks and service marks that the company uses in its business in the United States and other countries throughout the world.
History
The company was founded in 1969. It was incorporated in the Republic of Singapore in 1990. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in 2016.