Flex Reports Q2 FY2027 Sales Growth of 25%, Record Adjusted EPS

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Flex announced results for its second quarter ended September 25, 2026.

"We continue to execute from a position of strength while advancing our planned spin-off of our Cloud and Power Infrastructure segment. Our acquisition of EPC Power further completes our end-to-end Power portfolio and will be immediately accretive in fiscal 2027, while the unveiling of the Axiom name and anticipated leadership marks another important step toward creating two focused companies positioned for long-term success," said Revathi Advaithi, CEO of Flex.

Second Quarter Fiscal Year 2027 GAAP Summary:

• Net Sales: $8.5 billion
• GAAP Operating Income: $414 million
• GAAP Net Income: $263 million
• GAAP Earnings Per Share: $0.70
• Cash provided by Operating Activities: $501 million

Second Quarter Fiscal Year 2027 Non-GAAP Summary:

• Adjusted Operating Income: $607 million
• Adjusted Net Income: $443 million
• Adjusted Earnings Per Share: $1.18
• Free Cash Flow: $261 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.

Third Quarter Fiscal Year 2027 Guidance:

• Net Sales: $8.87 billion to $9.17 billion, growth of 28% at the midpoint
• Adjusted Operating Income: $685 million to $715 million
• Adjusted EPS: $1.19 to $1.25, growth of 40% at the midpoint
• Interest & Other: approximately $120 million
• Adjusted income tax rate: 21%
• Weighted average shares outstanding: approximately 375 million

Updated Fiscal Year 2027 Guidance:

• Net Sales: $34.9 billion to $35.9 billion, growth of 27% at the midpoint
• Adjusted Operating Margin: 7.6% to 7.8%
• Adjusted EPS: $4.84 to $5.16, growth of 52% at the midpoint
• Adjusted income tax rate: 21%