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Flex announced results for its first quarter ended June 27, 2025.
First Quarter Fiscal Year 2026 Highlights:
- Net Sales: $6.6 billion
- GAAP Operating Income: $311 million
- Adjusted Operating Income: $395 million
- GAAP Net Income: $192 million
- Adjusted Net Income: $274 million
- GAAP Earnings Per Share: $0.50
- Adjusted Earnings Per Share: $0.72
An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules II and V attached to this press release.
"Our first quarter results are a great start to FY26 and a testament to the strength of our strategic focus on high-growth end-markets like data center and power," said Revathi Advaithi, CEO of Flex. "We've built and scaled a regionalized footprint and integrated services in a way that continues to transform Flex into a strategic, end-to-end partner. Our improved FY26 guidance reflects both our leadership position and the impact of transformational acquisitions that continue to shape who we are as a company."
Second Quarter Fiscal 2026 Guidance
- Revenue: $6.5 billion to $6.8 billion
- GAAP Operating Income: $322 million to $362 million
- Adjusted Operating Income: $375 million to $415 million
- GAAP EPS: $0.58 to $0.66
- Adjusted EPS: $0.70 to $0.78 which excludes $0.09 for net stock-based compensation expense and $0.03 for net intangible amortization.
Fiscal Year 2026 Guidance Updated
- Revenue: $25.9 billion to $27.1 billion
- GAAP EPS: $2.27 to $2.47
- Adjusted EPS: $2.86 to $3.06 which excludes $0.35 for net stock-based compensation expense, $0.15 for net intangible amortization and $0.09 for net restructuring & other charges
