v3.26.1
EARNINGS PER SHARE
 12 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share excludes dilution and is computed by dividing net income by the weighted-average number of ordinary shares outstanding during the applicable periods.
Diluted earnings per share reflects the potential dilution from share-based compensation awards and warrants. The potential dilution was computed using the treasury stock method based on the average fair market value of the Company's ordinary shares for the period.
The computation of earnings per share and weighted average shares outstanding of the Company’s ordinary shares for the following periods is presented below:
Fiscal Year Ended March 31,
2026 20252024
(In millions, except per share amounts)
Numerator:
Net income from continuing operations$880 $838 $872 
Net income from discontinued operations, net of tax (Note 7)— — 373 
Less: Net income attributable to noncontrolling interest (Note 7)— — 239 
Net income from discontinued operations attributable to Flex Ltd. (Note 7)— — 134 
Total net income attributable to Flex Ltd.$880 $838 $1,006 
Denominator:
Weighted-average ordinary shares outstanding - basic371 391 435 
Weighted-average ordinary share equivalents from RSU awards (1)7 7 6 
Weighted-average ordinary shares and ordinary share equivalents outstanding - diluted378 398 441 
Earnings per share - basic
Continuing operations$2.37 $2.14 $2.00 
Discontinued operations, net of tax (Note 7)— — 0.31 
Total attributable to the shareholders of Flex Ltd.$2.37 $2.14 $2.31 
Earnings per share - diluted
Continuing operations $2.33 $2.11 $1.98 
Discontinued operations, net of tax (Note 7)— — 0.30 
Total attributable to the shareholders of Flex Ltd.$2.33 $2.11 $2.28 
(1)An immaterial amount of RSU awards during fiscal years 2026, 2025, and 2024, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary shares equivalents.