FLEX
Flex Ltd.
FLEX has lower modeled downside risk, despite its lower overall score.
INTC
Intel Corporation
INTC has a slight edge over FLEX overall, supported by stronger valuation and stronger fundamentals.
FLEX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Healthy |
FLEX's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
INTC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Healthy |
INTC's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
FLEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $31.01 | -60% |
| Forward | 13x | $78.12 | — |
| Fair | 16x | $43.16 | -45% |
| Current | 28x | $78.12 | — |
| Expensive | 29x | $81.26 | +4% |
Historical ranges are pointers, not guarantees.
FLEX's PE is in its expensive range at 28x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its cheap range.
INTC PE Valuation
INTC has no meaningful PE right now: it lost money over the past year.
FLEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for FLEX, with profitability improving.
INTC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Broad | |
| Low |
Analysts expect earnings and revenue growth for INTC, with profitability improving. However, they disagree widely on these estimates.
FLEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.25 | +126% |
| Q3 2026 | $2.77 | +23% |
| Q2 2026 | $2.59 | +14% |
| Q1 2026 | $2.33 | +9.9% |
| Q4 2025 | $2.23 | -10% |
| Q3 2025 | $2.26 | 0% |
| Q2 2025 | $2.28 | +2.2% |
| Q1 2025 | $2.12 | -7.8% |
| Q4 2024 | $2.48 | +47% |
FLEX has the edge over INTC on earnings quality, reporting a profit while its opponent remains loss making.
INTC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.41 | — |
| Q3 2026 | -$2.39 | -24000% |
| Q2 2026 | -$2.09 | +$2.68 |
| Q1 2026 | -$0.60 | +$3.88 |
| Q4 2025 | -$0.06 | +$4.32 |
| Q3 2025 | $0.01 | +$3.72 |
| Q2 2025 | -$4.77 | -2088% |
| Q1 2025 | -$4.48 | -562% |
| Q4 2024 | -$4.38 | -1195% |
INTC has swung to a loss: it lost $2.39 per share over the past year, after a profit the year before.
FLEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.5B | +25% |
| Q2 2026 | $7.9B | +21% |
| Q1 2026 | $7.5B | +17% |
| Q4 2025 | $7.1B | +7.7% |
| Q3 2025 | $6.8B | +4% |
| Q2 2025 | $6.6B | +4.1% |
| Q1 2025 | $6.4B | +3.7% |
| Q4 2024 | $6.6B | -7.7% |
FLEX has the edge over INTC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.9% | +0.5 points |
| Q2 2026 | 4.9% | +0.2 points |
| Q1 2026 | 5% | +0.2 points |
| Q4 2025 | 5.5% | +0.4 points |
| Q3 2025 | 4.3% | -0.2 points |
| Q2 2025 | 4.7% | +1 points |
| Q1 2025 | 4.8% | +2.2 points |
| Q4 2024 | 5.1% | +0.2 points |
FLEX's operating margin was 4.9% last quarter, up 0.5 points from the same quarter a year ago.
INTC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $16.5B | +21% |
| Q2 2026 | $16.1B | +25% |
| Q1 2026 | $13.6B | +7.2% |
| Q4 2025 | $13.7B | -4.1% |
| Q3 2025 | $13.7B | +2.8% |
| Q2 2025 | $12.9B | +0.2% |
| Q1 2025 | $12.7B | -0.4% |
| Q4 2024 | $14.3B | -7.4% |
INTC's revenue is recovering but still below its 2021 peak: $16.5B last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +10 points |
| Q2 2026 | 11% | +36 points |
| Q1 2026 | -23% | -21 points |
| Q4 2025 | 4.2% | +1.4 points |
| Q3 2025 | 5% | +73 points |
| Q2 2025 | -25% | -9.4 points |
| Q1 2025 | -2.4% | +6 points |
| Q4 2024 | 2.9% | -14 points |
INTC has the edge over FLEX on profitability, with a higher operating margin.
FLEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $260M | -14% |
| Q2 2026 | $40M | -85% |
| Q1 2026 | $211M | -34% |
| Q4 2025 | $272M | -9.6% |
| Q3 2025 | $303M | +40% |
| Q2 2025 | $266M | +16% |
| Q1 2025 | $321M | -46% |
| Q4 2024 | $301M | +95% |
FLEX still generates free cash flow, though less than at its 2024 peak: $783M over the past year.
INTC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +774% |
| Q2 2026 | $4.5B | +$6B |
| Q1 2026 | -$2.5B | +$1.8B |
| Q4 2025 | $800M | +$3.5B |
| Q3 2025 | $121M | +$2.5B |
| Q2 2025 | -$1.5B | +$1.9B |
| Q1 2025 | -$4.4B | +$2.8B |
| Q4 2024 | -$2.7B | -$597M |
INTC has the edge over FLEX on cash flow, with more consistent year-over-year improvement.
FLEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1.6% | -6M shares |
| 3 years | -17% | -74M shares |
| 5 years | -23% | -113M shares |
| Available history | -27% | -136M shares |
FLEX has the edge over INTC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $200M |
| Q4 2025 | $200M |
| Q3 2025 | $297M |
| Q2 2025 | $247M |
| Q1 2025 | $299M |
| Q4 2024 | $201M |
FLEX spent $400M buying back its own shares over the past year, down 62% from the year before.
INTC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4% | +203M shares |
| 1 year | +17% | +776M shares |
| 3 years | +25% | +1.1B shares |
| 5 years | +30% | +1.2B shares |
| Available history | +19% | +834M shares |
INTC has 5.3B diluted shares, up 17% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | $114M |
| Q1 2021 | $2.3B |
FLEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 0.7x | Very low |
| Q4 2019 | 1.9x | Healthy |
FLEX has the edge over INTC on leverage, with a lower net debt burden relative to earnings.
INTC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Healthy |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 4.0x | Elevated |
| Q1 2025 | 69.6x | High |
| Q3 2024 | 23.8x | High |
| Q2 2024 | 4.3x | High |
INTC's net debt is about 2.0 years of its operating earnings (EBITDA), down from 4.0 years a year ago.
FLEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.1 | Neutral |
| Stochastic | 15.8 | Oversold |
FLEX's weekly RSI is 39 (neutral) and its Stochastic is 16 (oversold).
INTC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.1 | Neutral |
| Stochastic | 7.7 | Oversold |
INTC's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
FLEX PE vs Technology Sector
| Metric | FLEX | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 28x | 1.2% above |
| PE % | 80 | 35 | 45 pts above |
FLEX is trading at 28x earnings, in line with the Technology sector's median of 28x.
INTC PE vs Technology Sector
| Metric | INTC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
INTC has no meaningful PE right now: it lost money over the past year.
FLEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $94.1 | 17% below |
| 20 week MA | $109.0 | 28% below |
| 50 week MA | $96.6 | 19% below |
| 100 week MA | $71.6 | 9.2% above |
| 200 week MA | $49.6 | 57% above |
FLEX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 57% above its 200-week average.
INTC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $88.4 | 31% below |
| 20 week MA | $95.3 | 36% below |
| 50 week MA | $79.3 | 23% below |
| 100 week MA | $52.1 | 18% above |
| 200 week MA | $42.5 | 44% above |
INTC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 44% above its 200-week average.
FLEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.7 | $18.2 | +43% |
| 2021 | $18.2 | $17.8 | -2.1% |
| 2022 | $17.8 | $21.5 | +21% |
| 2023 | $21.5 | $22.2 | +3.2% |
| 2024 | $22.2 | $39.1 | +77% |
| 2025 | $39.1 | $63.3 | +62% |
| 2026 YTD | $63.3 | $78.1 | +23% |
FLEX has finished higher in five of the last six years, two of them by more than 50%. It's up 23% so far in 2026.
INTC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $60.1 | $47.1 | -22% |
| 2021 | $47.1 | $51.3 | +9% |
| 2022 | $51.3 | $26.1 | -49% |
| 2023 | $26.1 | $50.3 | +93% |
| 2024 | $50.3 | $20.3 | -60% |
| 2025 | $20.3 | $36.2 | +78% |
| 2026 YTD | $36.2 | $61.2 | +69% |
INTC has the edge over FLEX on returns for 2026, with the stronger performance.