Flex Ltd Reports First Quarter Fiscal 2026 Results
Flex today announced its financial results for the first quarter ended this June. The company is pleased to report impressive metrics that demonstrate its strategic growth in key markets.
First Quarter Fiscal Year 2026 Highlights
The first quarter showcased a phenomenal performance, with net sales reaching an impressive $6.6 billion. The GAAP operating income stood at $311 million, while adjusted operating income was recorded at $395 million.
Key Financial Metrics
Here are some notable figures:
- GAAP Net Income: $192 million
- Adjusted Net Income: $274 million
- GAAP Earnings Per Share: $0.50
- Adjusted Earnings Per Share: $0.72
Outlook for Q2 Fiscal 2026
Looking ahead, Flex provides guidance for the second quarter, anticipating revenues between $6.5 billion and $6.8 billion. The projected GAAP operating income is expected to fall between $322 million and $362 million, demonstrating their forward momentum.
Q2 Guidance in Detail
- GAAP EPS: $0.58 to $0.66
- Adjusted EPS: $0.70 to $0.78
Revised Fiscal Year 2026 Projections
Flex has updated its guidance for the entire fiscal year, projecting total revenue between $25.9 billion and $27.1 billion. The GAAP EPS is expected to be in the range of $2.27 to $2.47, with adjusted EPS anticipated between $2.86 and $3.06.
CEO Insights
Revathi Advaithi, CEO of Flex, remarked, "Our first quarter results are a strong indicator of our strategic focus on high-growth markets such as data centers and power. Our operational enhancements and acquisitions have solidified our market leadership and set a promising foundation for the future."
Webcast and Conference Call
Flex will host a conference call to discuss these results, offering insights into their ongoing initiatives and future goals for stakeholders. Investors can access the live stream on the Flex Investor Relations website to gain comprehensive understanding and participate in the discussion.
About Flex Ltd
Flex is a global leader in providing manufacturing solutions. With a vast network across 30 countries, Flex focuses on delivering innovative technology services and supply chain management to its diverse clientele.
Company Contacts
For more inquiries, you can reach:
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com
Yvette Lorenz
Director, Executive Communications and Corporate PR
(415) 225-7315
Yvette.Lorenz@flex.com
Frequently Asked Questions
1. What were the key financial highlights for Flex in Q1 FY2026?
Flex reported net sales of $6.6 billion with a GAAP operating income of $311 million.
2. How does Flex's Q1 FY2026 performance compare to the previous year?
The financial metrics reflect significant growth, indicating a strong strategic position in various industries.
3. What is the projected revenue range for Flex in Q2 FY2026?
Flex anticipates revenues between $6.5 billion and $6.8 billion for Q2 FY2026.
4. What guidance did Flex provide for the fiscal year 2026?
Flex updated its guidance to forecast revenue between $25.9 billion and $27.1 billion.
5. Where can investors find more information about Flex’s financial results?
Investors can access detailed reports and participate in conference calls through the Flex Investor Relations website.
