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Flex announced results for its third quarter ended December 31, 2025.
Revathi Advaithi, CEO of Flex, stated: "Our strong performance continued in the third quarter, with results exceeding our guidance across all metrics. This performance reflects the strength of our diversified business model across industries, including Data Center. As we look ahead, we are confident in our ability to serve as a strategic enabler for our customers as they navigate an increasingly complex and dynamic world."
Third Quarter Fiscal Year 2026 GAAP Summary:
- Net Sales: $7.1 billion
- GAAP Operating Income: $389 million
- GAAP Net Income: $239 million
- GAAP Earnings Per Share: $0.64
- Cash provided by Operating Activities: $420 million
Third Quarter Fiscal Year 2026 Non-GAAP Summary:
- Adjusted Operating Income: $460 million
- Adjusted Net Income: $326 million
- Adjusted Earnings Per Share: $0.87
- Free Cash Flow: $275 million
Fourth Quarter Fiscal Year 2026 Guidance:
- Net Sales: $6.75 billion to $7.05 billion, growth of 8% at the midpoint
- Adjusted Operating Income: $445 million to $475 million
- Adjusted EPS: $0.83 to $0.89, growth of 18% at the midpoint
- Interest & Other: approximately $54 million
- Adjusted income tax rate: 21%
- Weighted average shares outstanding: approximately 375 million
Fiscal Year 2026 Guidance Updated:
- Net Sales: $27.2 billion to $27.5 billion, growth of 6% at the midpoint
- Adjusted Operating Margin: 6.3%
- Adjusted EPS: $3.21 to $3.27, growth of 22% at the midpoint
- Interest & Other: $178 million
