Flex Ltd.: Beat — EPS $1.18, Revenue $8.49B
Earnings BeatQ2 2027 · Pre-market
Did Flex Ltd. (FLEX) beat earnings today?
Yes, Flex Ltd. (FLEX) beat Wall Street analyst expectations for Q2 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+11.32% surprise
$1.18Actual
Expected: $1.06
vs. year ago +49.4%
Total Revenue+3.80% surprise
$8.49BActual
Expected: $8.18B
vs. year ago +24.8%
Released Oct 28 · 7:05 AM ET
Earning Report
| Metric | Q2 FY27 | Q2 FY26 | YoY Change % |
|---|---|---|---|
| Net sales | $8.49B | $6.80B | +25.0% |
| Net income | $263.00M | $199.00M | +32.2% |
| GAAP Diluted EPS | $0.70 | $0.52 | +34.6% |
| Non-GAAP Diluted EPS | $1.18 | $0.79 | +49.4% |
Financial Outlook / Guidance
| Metric | Q3 FY27 Outlook | FY27 Outlook |
|---|---|---|
| Net Sales | $8.87B-$9.17B (+28% midpoint growth) | $34.9B-$35.9B (+27% midpoint growth, prev. $33.7B-$35.2B) |
| Adjusted Operating Income | $685M-$715M | — |
| Adjusted Operating Margin | — | 7.6%-7.8% (prev. 7.0%-7.2%) |
| Adjusted EPS | $1.19-$1.25 (+40% midpoint growth) | $4.84-$5.16 (+52% midpoint growth, prev. $4.42-$4.74) |
| Interest & Other | ~$120M | — |
| Weighted average shares outstanding | ~375M | — |
Business Highlights
- ➤Advancing planned Cloud and Power Infrastructure segment spin-off.
- ➤Acquired EPC Power to complete its end-to-end Power portfolio.
- ➤EPC Power acquisition is expected to be immediately accretive in fiscal 2027.
- ➤Unveiled the Axiom name and anticipated leadership for the planned separation.
- ➤Operates a global footprint spanning 30 countries.
- ➤Supports AI-era data-center deployment with power, cooling and scalable IT infrastructure.
- ➤Helps customers address data-center power, heat and scale challenges.
- ➤Recently closed acquisitions include Electrical Power Products and EPC Power.
Management Commentary
Revathi Advaithi, CEO of Flex
“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.”