Flex Ltd
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Flex Ltd (FLEX). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| ITS | – | – | – | $12.64B 47.8% | $11.34B 43.9% · -10.3% | $11.11B 39.8% · -2.0% |
| RMS | – | – | – | $10.54B 39.9% | $9.68B 37.5% · -8.1% | $10.19B 36.5% · +5.3% |
| CPI | – | – | – | $3.24B 12.3% | $4.80B 18.6% · +47.9% | $6.61B 23.7% · +37.8% |
| FAS | $13.49B 55.8% | – | – | – | – | – |
| FRS | $9.50B 39.3% | – | – | – | – | – |
| Nextracker | $1.20B 4.9% | – | – | – | – | – |
| FAS | – | $14.03B 56.9% | $15.77B 55.3% · +12.4% | – | – | – |
| FRS | – | $10.61B 43.1% | $12.73B 44.7% · +20.1% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| ITS | – | – | – | – | – | – |
| RMS | – | – | – | – | – | – |
| CPI | – | – | – | – | – | – |
| FAS | $449.0M 3.3% | – | – | – | – | – |
| FRS | $484.0M 5.1% | – | – | – | – | – |
| Nextracker | $178.0M 14.9% | – | – | – | – | – |
| FAS | – | $605.0M 4.3% | – | – | – | – |
| FRS | – | $546.0M 5.1% | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.