Comparing the current results to its competitors, Flex Ltd reported Revenue increase in the 1 quarter 2026 by 20.87 % year on year. The revenue growth was below Flex Ltd 's competitors' average revenue growth of 27.57 %, achieved in the same quarter.
Flex Ltd 's Comment on Competition and Industry Peers
Our market is extremely competitive and includes many companies, several of which
have achieved substantial market share. We compete against numerous domestic and
foreign manufacturing service providers, as well as our current and prospective
customers, who evaluate our capabilities in light of their own capabilities and
cost structures. We face particular competition from Asian-based competitors,
including Taiwanese Original Design Manufacturing ("ODM") suppliers
who compete in a variety of our end markets and have a substantial share of global
information technology hardware production.
We compete with different companies depending on the type of service we are providing
or the geographic area in which an activity takes place. We believe that the principal
competitive factors in the manufacturing services market are: quality and range
of services; design and technological capabilities; cost; location of facilities;
and responsiveness and flexibility. We believe we are extremely competitive with
regard to all of these factors.
Angiodynamics Inc is a medical technology company that focuses on the development and commercialization of devices and treatments for minimally invasive procedures. Their business model centers around the manufacturing and sale of innovative medical devices such as catheters, lasers, and fluid systems used in the diagnosis and treatment of various vascular conditions. They primarily generate revenue through the sale of these products to healthcare providers and hospitals worldwide.
Procept Biorobotics Corporation follows a business model focused on developing medical robotics solutions for urology procedures. Their flagship product, the AquaBeam System, utilizes waterjet technology to perform minimally invasive surgeries for patients with benign prostatic hyperplasia. The company aims to improve patient outcomes and reduce healthcare costs by providing an innovative and efficient alternative to traditional surgical methods.
Plexus Corp operates as an electronic manufacturing services (EMS) company. Their business model revolves around providing design, manufacturing, and aftermarket services for various industries including healthcare, aerospace, defense, and technology. They collaborate with their customers to develop and deliver innovative solutions, helping them bring their products to market efficiently and effectively.
Kimball Electronics Inc's business model revolves around offering a broad range of electronic manufacturing services to various industries. They provide engineering, design, manufacturing, and supply chain solutions to their customers, helping them bring their products to market efficiently and effectively.
Jabil Inc operates as a contract manufacturing and engineering company that provides a wide range of services to various industries, including electronics, healthcare, and automotive. They work closely with their clients to design, develop, and manufacture products, offering end-to-end solutions and supply chain management. With a global presence, Jabil focuses on innovation, efficiency, and collaboration to support their customers' needs and drive their business growth.
Sources:
Flex Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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