Flex slides as investors weigh post-earnings guidance and spin-off transition

Flex Ltd. (FLEX) is down 6.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued fallout from Flex’s late-July earnings reaction, when investors looked past a strong quarterly beat and focused on whether the full-year outlook offered enough upside after the stock’s big run. Uncertainty around the planned cloud and power infrastructure spin-off and the related CEO transition also appears to be pressuring sentiment.

Details:

Flex reported fiscal first-quarter 2027 adjusted earnings of $1.00 per share on revenue of $7.9 billion, with both figures ahead of market expectations.

The company’s outlook called for full-year fiscal 2027 adjusted EPS of $4.42 to $4.74 and revenue of $33.7 billion to $35.2 billion, which may have been viewed as solid but not exciting enough for a stock that had rallied sharply before results.

Flex also announced leadership roles for the planned separation of its cloud and power infrastructure business, with current CEO Revathi Advaithi set to lead the new company and Michael Hartung expected to become CEO of the remaining Flex business after the spin-off.

No clear fresh company-specific headline was easy to confirm today, so this could be because the market is still repricing execution risk tied to the separation and management transition.

Sources:

Flex Investor Relations, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FLEX Insider Trading Activity

$FLEX insiders have traded $FLEX stock on the open market 134 times in the past 6 months. Of those trades, 0 have been purchases and 134 have been sales.

Here’s a breakdown of recent trading of $FLEX stock by insiders over the last 6 months:

REVATHI ADVAITHI (Chief Executive Officer) has made 0 purchases and 38 sales selling 473,896 shares for an estimated $67,390,027.
DAVID SCOTT OFFER (EVP, General Counsel) has made 0 purchases and 27 sales selling 108,654 shares for an estimated $16,058,057.
KWANG HOOI TAN (Chief Operating Officer) has made 0 purchases and 21 sales selling 107,353 shares for an estimated $13,850,962.
MICHAEL P HARTUNG (Chief Commercial Officer) has made 0 purchases and 20 sales selling 60,315 shares for an estimated $8,701,791.
DANIEL WENDLER (Chief Accounting Officer) has made 0 purchases and 19 sales selling 10,599 shares for an estimated $1,529,277.
ERIN MCSWEENEY has made 0 purchases and 3 sales selling 7,500 shares for an estimated $1,044,145.
KEVIN KRUMM (Chief Financial Officer) has made 0 purchases and 6 sales selling 3,378 shares for an estimated $499,992.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$FLEX Hedge Fund Activity

We have seen 667 institutional investors add shares of $FLEX stock to their portfolio, and 446 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BOSTON PARTNERS removed 4,377,798 shares (-33.7%) from their portfolio in Q2 2026, for an estimated $709,509,721
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 3,513,468 shares (-64.8%) from their portfolio in Q2 2026, for an estimated $569,427,758
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,452,261 shares (+inf%) to their portfolio in Q2 2026, for an estimated $559,507,940
FMR LLC added 3,157,171 shares (+19.3%) to their portfolio in Q2 2026, for an estimated $511,682,703
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,139,384 shares (-99.6%) from their portfolio in Q2 2026, for an estimated $508,799,964
BLACKROCK, INC. removed 2,935,490 shares (-6.5%) from their portfolio in Q2 2026, for an estimated $475,754,864
STATE STREET CORP added 2,711,560 shares (+19.0%) to their portfolio in Q2 2026, for an estimated $439,462,529

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FLEX Congressional Stock Trading

Members of Congress have traded $FLEX stock 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $FLEX stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 10 times. They made 0 purchases and 10 sales worth up to $305,000 on 05/14, 05/12, 05/11, 05/07, 05/01, 04/27, 04/22, 04/15, 04/13, 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$FLEX Price Targets

Multiple analysts have issued price targets for $FLEX recently. We have seen 7 analysts offer price targets for $FLEX in the last 6 months, with a median target of $144.0.

Here are some recent targets:

Tim Long from Barclays set a target price of $203.0 on 06/04/2026
An analyst from Freedom Capital Markets set a target price of $144.0 on 05/28/2026
Mark Delaney from Goldman Sachs set a target price of $177.0 on 05/08/2026
Steve Barger from Keybanc set a target price of $180.0 on 05/07/2026
Ruben Roy from Stifel set a target price of $95.0 on 04/20/2026
Samik Chatterjee from JP Morgan set a target price of $84.0 on 04/16/2026
Luke Junk from Baird set a target price of $70.0 on 03/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.