Quarterly ResultJul 29, 2026, 07:21 AM
Flex Q1 Net Sales $7.9B, Up 21%; Record Adjusted EPS $1.00
AI Summary
Flex Ltd. reported strong first-quarter fiscal 2027 results, with net sales increasing 21% year-over-year to $7.9 billion and adjusted EPS reaching a record $1.00. The company also provided positive guidance for the second quarter and updated its full fiscal year 2027 outlook, reflecting continued growth. CEO Revathi Advaithi highlighted the company's strengthened position in attractive growth markets and its role in AI infrastructure, alongside the planned spin-off of its Cloud and Power Infrastructure segment.
Key Highlights
- Q1 FY27 net sales reached $7.9 billion, up 21% year-over-year.
- Q1 FY27 adjusted operating margin was 6.7%, up from 6.0% in prior year.
- Q1 FY27 record adjusted EPS was $1.00, up 39% year-over-year.
- Q2 FY27 net sales guidance is $7.95 billion to $8.25 billion, 19% growth at midpoint.
- Q2 FY27 adjusted EPS guidance is $1.00 to $1.07, 32% growth at midpoint.
- Updated FY27 net sales guidance is $33.7 billion to $35.2 billion, 23% growth at midpoint.
- Updated FY27 adjusted EPS guidance is $4.42 to $4.74, 39% growth at midpoint.
- Flex announced an Investor Day date of November 10, 2026.
Price Impact
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