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QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
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, 2024September 27, 2024December 31, 2024March 31, 2025
(In millions, except per share amounts)
Net sales$6,314 $6,545 $6,556 $6,398 
Gross profit471 531 594 563 
Operating income233 297 334 305 
Net income attributable to Flex Ltd.139 214 263 222 
Weighted-average ordinary shares outstanding - basic402394387381
Weighted-average ordinary shares outstanding - diluted411400394389
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, 2023September 29, 2023December 31, 2023March 31, 2024
(In millions, except per share amounts)
Net sales$6,892 $6,933 $6,421 $6,169 
Gross profit476 519 433 437 
Operating income215 281 198 159 
Net income from continuing operations147 201 129 395 
Net income from discontinued operations, net of tax64 205 104 — 
Net income211 406 233 395 
Net income attributable to noncontrolling interest and redeemable noncontrolling interest25 178 36 — 
Net income attributable to Flex Ltd.$186 $228 $197 $395 
Weighted-average ordinary shares outstanding - basic447443431417
Weighted-average ordinary shares outstanding - diluted455448436425
Earnings per share - basic (1)
Continuing operations$0.33 $0.45 $0.30 $0.95 
Discontinued operations, net of tax0.09 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 tax0.09 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.