Flex Reports First Quarter Fiscal 2026 Results

Flex, a global leader in manufacturing and supply chain solutions, has released its financial results for the first quarter of fiscal year 2026, ending June 27, 2025. The company reported strong performance across key financial metrics, reflecting its strategic focus on high-growth markets and operational efficiency.

Financial Highlights

For the first quarter of fiscal year 2026, Flex reported:

• Net sales of $6.6 billion, up from $6.3 billion in the same period last year.
• GAAP operating income of $311 million, compared to $233 million in the previous year.
• Adjusted operating income of $395 million, an increase from $306 million year-over-year.
• GAAP net income of $192 million, up from $139 million in the prior year.
• Adjusted net income of $274 million, compared to $211 million last year.
• GAAP earnings per share (EPS) of $0.50, up from $0.34 in the same quarter last year.
• Adjusted EPS of $0.72, compared to $0.51 in the previous year.

Business and Operational Highlights

Flex's CEO, Revathi Advaithi, highlighted the company's strong start to fiscal year 2026, attributing the performance to its strategic focus on high-growth end-markets such as data centers and power. The company has successfully scaled its regionalized footprint and integrated services, positioning itself as a strategic, end-to-end partner for its clients.

Strategic Initiatives and Corporate Developments

Flex has updated its guidance for the second quarter of fiscal year 2026, projecting revenue between $6.5 billion and $6.8 billion. The company also anticipates GAAP operating income to range from $322 million to $362 million, with adjusted operating income expected between $375 million and $415 million. GAAP EPS is forecasted to be between $0.58 and $0.66, while adjusted EPS is projected to be between $0.70 and $0.78.

For the full fiscal year 2026, Flex has updated its revenue guidance to a range of $25.9 billion to $27.1 billion. The company expects GAAP EPS to be between $2.27 and $2.47, with adjusted EPS projected to be between $2.86 and $3.06.

Management's Perspective

Revathi Advaithi, CEO of Flex, commented on the results, stating, "Our first quarter results are a great start to FY26 and a testament to the strength of our strategic focus on high-growth end-markets like data center and power. We’ve built and scaled a regionalized footprint and integrated services in a way that continues to transform Flex into a strategic, end-to-end partner. Our improved FY26 guidance reflects both our leadership position and the impact of transformational acquisitions that continue to shape who we are as a company."

Future Outlook

Flex's updated guidance for the second quarter and full fiscal year 2026 reflects the company's confidence in its strategic direction and operational capabilities. The company remains focused on leveraging its strengths in high-growth markets and continuing its transformation into a strategic partner for its clients.

SEC Filing: FLEX LTD. [ FLEX ] - 8-K - Jul. 24, 2025