How Does FLEX LTD. Sit in Its SEC Industry Classification?
FLEX LTD. files under SEC standard industrial classification 3672, Printed Circuit Boards. Among the 6 companies Swoopr covers under SIC 3672, its latest reported revenue of $27.9 billion ranks 2nd. The comparison uses each company's own latest fiscal year, which can differ by up to a year across the group.
| Measure | FLEX LTD. (FY2026) | Peer reference |
|---|---|---|
| Revenue | $27.9 billion | 2nd of 6 |
| Operating margin | 4.9% | 4.0% (median of 5 peers) |
| Revenue growth | +8.1% | +3.2% (median of 5 peers) |
Companies of similar size in the same classification: JABIL INC ($29.8 billion), SANMINA CORP ($8.1 billion), TTM TECHNOLOGIES INC ($2.9 billion), Kimball Electronics, Inc. ($1.5 billion), KEY TRONIC CORP ($387 million).
A classification code groups companies by how they describe their main business to the SEC, so two companies with the same code can still differ in customers, geography and cost structure. Treat the comparison as a starting point for the questions below.
Where value can be captured
The hardware chain can run from materials and EDA software through design, fabrication, manufacturing equipment, packaging, testing, system assembly, distribution, cloud or enterprise deployment, and end-market demand. Bottlenecks and pricing power can migrate across layers.
For Flex Ltd., name suppliers, channels, customers and infrastructure dependencies only when a reliable source establishes the relationship. The goal is to show where the company sits, what it depends on, and where bargaining power resides.
Industry drivers
- Unit Demand: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Average Selling Price: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Design Wins: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Capacity Utilization: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Product Mix: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Technology-Node Transitions: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Inventory Normalization: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Capital Spending By Customers: connect this driver to a disclosed KPI and to the financial statement line it influences.
Macro connections
- Global Electronics Demand: document the transmission mechanism rather than assuming correlation.
- Data-Center Spending: document the transmission mechanism rather than assuming correlation.
- Industrial Production: document the transmission mechanism rather than assuming correlation.
- Automotive Production: document the transmission mechanism rather than assuming correlation.
- Interest Rates And Capex Budgets: document the transmission mechanism rather than assuming correlation.
- Trade Policy: document the transmission mechanism rather than assuming correlation.
Peer map
A starting peer group from the current S&P 500 classification is Accenture, Adobe Inc., Advanced Micro Devices, Akamai Technologies, Amphenol, Analog Devices. Some may be adjacent rather than direct competitors. The latest Flex Ltd. filing and credible industry sources should refine the map.
Questions for the supply-chain map
- Which inputs are scarce, concentrated, regulated, or difficult to substitute?
- Which layer has the highest switching costs?
- Where can capacity expand quickly, and where does it take years?
- Which participants bear inventory, credit, commodity, or utilization risk?
- Is Flex Ltd.'s advantage located in intellectual property, physical assets, licenses, distribution, brand, data, or customer integration?
- Which dependency could become a bottleneck under stress?
References
The evergreen analysis above is anchored to verified index metadata and a filing-first research workflow. Time-sensitive financial figures are refreshed from the latest primary filings.
- S&P Dow Jones Indices: S&P 500
- SEC EDGAR company filings for Flex Ltd.
- SEC submissions JSON for CIK 866374
Source-review rule: Check any statement about current revenue, margins, management, products, segment mix, guidance, market share or capital allocation against the latest 10-K, 10-Q, 8-K, proxy statement, earnings release or official investor-relations material before relying on it.