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QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Mar. 31, 2025
Quarterly Financial Data [Abstract] |
QUARTERLY FINANCIAL DATA (UNAUDITED) | QUARTERLY FINANCIAL DATA (UNAUDITED) The Company's third fiscal quarter ends on December 31, and the fourth fiscal quarter and fiscal year ends on March 31 of each year. The first fiscal quarters of 2025 and 2024 ended on June 28, 2024 and June 30, 2023 respectively, and the second fiscal quarters of 2025 and 2024, ended on September 27, 2024, and September 29, 2023, respectively. The Company completed the Nextracker spin-off in the fourth quarter of fiscal year 2024, which resulted in material retrospective changes to our consolidated statements of operations. See note 7 "Discontinued Operations" for further information. The following tables contain unaudited quarterly financial data for fiscal year 2025 and 2024:
| Fiscal Year 2025
| Three Months Ended
| June 28, 2024 |  | September 27, 2024 |  | December 31, 2024 |  | March 31, 2025
| (In millions, except per share amounts)
Net sales | $ | 6,314 |  |  | $ | 6,545 |  |  | $ | 6,556 |  |  | $ | 6,398 |
Gross profit | 471 |  |  | 531 |  |  | 594 |  |  | 563 |
Operating income | 233 |  |  | 297 |  |  | 334 |  |  | 305 |
Net income attributable to Flex Ltd. | 139 |  |  | 214 |  |  | 263 |  |  | 222 |
Weighted-average ordinary shares outstanding - basic | 402 |  | 394 |  | 387 |  | 381
Weighted-average ordinary shares outstanding - diluted | 411 |  | 400 |  | 394 |  | 389
Earnings per share - basic (1) |  |  |  |  |  |  |
Total attributable to the shareholders of Flex Ltd. | $ | 0.35 |  |  | $ | 0.54 |  |  | $ | 0.68 |  |  | $ | 0.58 |
Earnings per share - diluted (1) |  |  |  |  |  |  |
Total attributable to the shareholders of Flex Ltd. | $ | 0.34 |  |  | $ | 0.54 |  |  | $ | 0.67 |  |  | $ | 0.57 |
(1) Earnings per share are computed independently for each quarter presented; therefore, the sum of the quarterly earnings per share may not equal the total earnings per share amounts for the fiscal year.
| Fiscal Year 2024
| Three Months Ended
| June 30, 2023 |  | September 29, 2023 |  | December 31, 2023 |  | March 31, 2024
| (In millions, except per share amounts)
Net sales | $ | 6,892 |  |  | $ | 6,933 |  |  | $ | 6,421 |  |  | $ | 6,169 |
Gross profit | 476 |  |  | 519 |  |  | 433 |  |  | 437 |
Operating income | 215 |  |  | 281 |  |  | 198 |  |  | 159 |
Net income from continuing operations | 147 |  |  | 201 |  |  | 129 |  |  | 395 |
Net income from discontinued operations, net of tax | 64 |  |  | 205 |  |  | 104 |  |  | — |
Net income | 211 |  |  | 406 |  |  | 233 |  |  | 395 |
Net income attributable to noncontrolling interest and redeemable noncontrolling interest | 25 |  |  | 178 |  |  | 36 |  |  | — |
Net income attributable to Flex Ltd. | $ | 186 |  |  | $ | 228 |  |  | $ | 197 |  |  | $ | 395 |
Weighted-average ordinary shares outstanding - basic | 447 |  | 443 |  | 431 |  | 417
Weighted-average ordinary shares outstanding - diluted | 455 |  | 448 |  | 436 |  | 425
Earnings per share - basic (1) |  |  |  |  |  |  |
Continuing operations | $ | 0.33 |  |  | $ | 0.45 |  |  | $ | 0.30 |  |  | $ | 0.95 |
Discontinued operations, net of tax | 0.09 |  |  | 0.06 |  |  | 0.16 |  |  | — |
Total attributable to the shareholders of Flex Ltd. | $ | 0.42 |  |  | $ | 0.51 |  |  | $ | 0.46 |  |  | $ | 0.95 |
Earnings per share - diluted (1) |  |  |  |  |  |  |
Continuing operations | $ | 0.32 |  |  | $ | 0.45 |  |  | $ | 0.30 |  |  | $ | 0.93 |
Discontinued operations, net of tax | 0.09 |  |  | 0.06 |  |  | 0.15 |  |  | — |
Total attributable to the shareholders of Flex Ltd. | $ | 0.41 |  |  | $ | 0.51 |  |  | $ | 0.45 |  |  | $ | 0.93 |
(1) Earnings per share are computed independently for each quarter presented; therefore, the sum of the quarterly earnings per share may not equal the total earnings per share amounts for the fiscal year.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/270/tableOfContent + Details
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