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Flex announced results for its first quarter ended June 26, 2026.
"This quarter reflects the continued execution of the strategy we've advanced over the last several years. From joining the S&P 500 to expanding our role in AI infrastructure, we've strengthened our position in attractive growth markets. Looking ahead, we're confident both Flex and SpinCo have the leadership, capabilities, and focus to capitalize on the significant opportunities in front of them," said Revathi Advaithi, CEO of Flex.
First Quarter Fiscal Year 2027 GAAP Summary:
- Net Sales: $7.9 billion
- GAAP Operating Income: $392 million
- GAAP Net Income: $285 million
- GAAP Earnings Per Share: $0.76
- Cash provided by Operating Activities: $276 million
First Quarter Fiscal Year 2027 Non-GAAP Summary:
- Adjusted Operating Income: $534 million
- Adjusted Net Income: $374 million
- Adjusted Earnings Per Share: $1.00
- Free Cash Flow: $41 million
An explanation and reconciliation of GAAP financial measures to non-GAAP financial measures is presented in Schedules II and V attached to this press release.
Second Quarter Fiscal Year 2027 Guidance:
- Net Sales: $7.95 billion to $8.25 billion, growth of 19% at the midpoint
- Adjusted Operating Income: $535 million to $565 million*
- Adjusted EPS: $1.00 to $1.07*, growth of 32% at the midpoint
- Interest & Other: approximately $58 million
- Adjusted income tax rate: 21%*
- Weighted average shares outstanding: approximately 375 million
Updated Fiscal Year 2027 Guidance†:
- Net Sales: $33.7 billion to $35.2 billion, growth of 23% at the midpoint
- Adjusted Operating Margin: 7.0% to 7.2%*
- Adjusted EPS: $4.42 to $4.74*, growth of 39% at the midpoint
- Adjusted income tax rate: 21%*
