$FLEX · FLEX LTD.
Flex Ltd. reported Q2 FY2027 results with net sales of $8.491B (+25% YoY), GAAP EPS of $0.70, and record adjusted EPS of $1.18. Adjusted operating margin expanded 110 bps to 7.1%. The company raised full-year FY2027 guidance: revenue now $34.9B–$35.9B (27% midpoint growth), adjusted EPS $4.84–$5.16 (52% midpoint growth), and adjusted operating margin 7.6%–7.8%. Q3 guidance calls for $8.87B–$9.17B in revenue with adjusted EPS of $1.19–$1.25.
- Q2 net sales of $8.491B, up 25% YoY from $6.804B.
- Record adjusted EPS of $1.18 vs. $0.70 GAAP EPS; adjusted operating margin expanded to 7.1% from 6.0%.
- GAAP operating income rose to $414M (4.9% margin) from $296M (4.4% margin).
- Full-year FY2027 adjusted EPS guidance raised to $4.84–$5.16 from prior $4.42–$4.74, implying 52% growth at midpoint.
- Q3 guidance: revenue $8.87B–$9.17B (28% midpoint growth), adjusted EPS $1.19–$1.25 (40% midpoint growth).
Extended-hours trading shows shares at $91.00, up 9.18% from the regular-session close of $83.35, reflecting strong positive reaction to the beat-and-raise quarter. The $30.79B market-cap company delivered record adjusted EPS and a significant full-year guidance hike.
Flex posted a beat-and-raise quarter with record adjusted EPS, 25% revenue growth, and a full-year guidance hike implying 52% EPS growth — all while advancing a high-profile segment spin-off.
Flex's 25% revenue surge and raised guidance underscore strong AI-driven demand for data center power, cooling, and IT infrastructure solutions. The planned spin-off of the Cloud and Power Infrastructure segment and the EPC Power acquisition signal aggressive positioning in the AI supply chain.
Spin-off execution risk for the Cloud and Power Infrastructure segment; supply chain disruptions and raw material/component pricing volatility; macroeconomic headwinds including inflation, currency volatility, and rising interest rates; geopolitical risks including US-China trade tensions and tariffs.