Flex Reports Q3 Fiscal 2025 Results

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Flex announced results for its third quarter ended December 31, 2024.

Third Quarter Fiscal Year 2025 Highlights:

• Net Sales: $6.6 billion
• GAAP Operating Income: $334 million
• Adjusted Operating Income: $399 million
• GAAP Net Income attributable to Flex Ltd: $263 million
• Adjusted Net Income attributable to Flex Ltd: $304 million
• GAAP Earnings Per Share: $0.67
• Adjusted Earnings Per Share: $0.77

"We achieved a very strong Q3, delivering another quarter of record adjusted operating margin and EPS," said Revathi Advaithi, CEO of Flex. "Our consistent margin expansion is coming from improving mix and efficiency in every business unit across Flex."

Fourth Quarter Fiscal 2025 Guidance

• Revenue: $6.0 billion to $6.4 billion
• GAAP Operating Income: $286 million to $326 million
• Adjusted Operating Income: $360 million to $400 million
• GAAP EPS: $0.48 to $0.56
• Adjusted EPS: $0.65 to $0.73 which excludes $0.08 for stock-based compensation expense, $0.05 for restructuring charges and $0.04 for intangible amortization.

Fiscal Year 2025 Guidance Updated - Total Flex

• Revenue: $25.4 billion to $25.8 billion
• GAAP EPS: $2.02 to $2.10
• Adjusted EPS: $2.57 to $2.65 which excludes $0.28 for stock-based compensation expense, $0.15 for intangible amortization and $0.12 for restructuring charges and others.