Flex Q2 Sales Up 25% to $8.5B; FY27 EPS Guidance Raised to $4.84-$5.16
FLEX sits 63% above its 52-week low of $53.07 on elevated volume (2.9× avg).
Summary
Flex reported Q2 FY2027 sales of $8.5 billion (+25%) and record adjusted EPS of $1.18, then raised full-year adjusted EPS guidance to $4.84-$5.16. The results come days before the November 2 shareholder vote on the Axiom spin-off.
Key Events · Earnings and Guidance · FLEX
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Q2 Sales Grow 25% to $8.5B
Net sales rose to $8,491 million from $6,804 million a year earlier, with GAAP net income of $263 million and GAAP EPS of $0.70.
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Record Adjusted EPS of $1.18
Adjusted operating income was $607 million (7.1% margin) versus $409 million (6.0%) a year ago; adjusted net income was $443 million.
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FY2027 Guidance Raised
Full-year net sales guidance lifted to $34.9-$35.9 billion from $33.7-$35.2 billion, and adjusted EPS to $4.84-$5.16 from $4.42-$4.74 — about 52% growth at the midpoint.
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Q3 Outlook Points to 28% Growth
Third-quarter guidance calls for net sales of $8.87-$9.17 billion and adjusted EPS of $1.19-$1.25, with roughly 375 million weighted average shares.
Analysis · FLEX · Manufacturing
Flex beat its own full-year plan and then raised it: FY2027 adjusted EPS guidance moved to $4.84-$5.16 from $4.42-$4.74, and the sales range was lifted to $34.9-$35.9 billion. The quarter itself delivered 25% sales growth to $8.5 billion, a record $1.18 adjusted EPS, and a 7.1% adjusted operating margin. Why it matters: the numbers land just before the November 2, 2026 shareholder vote on the Axiom Solutions spin-off, and the guidance explicitly excludes the spin-off while including acquisitions closed after September 25, 2026 — giving investors a cleaner read on the retained business. The offset is quality. GAAP operating margin was only 4.9% versus 7.1% adjusted, with $110 million of legal and other charges in the quarter, largely spin-off and acquisition costs, and free cash flow fell to $261 million from $305 million a year ago on heavier capital spending.
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At the time of this filing, FLEX was trading at $86.31 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $30.8B. The 52-week trading range was $53.07 to $166.86. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.