Flex Exceeds Q1 Earnings Expectations and Raises Full-Year Outlook
Flex Ltd (NASDAQ:FLEX) reported first-quarter results that beat Wall Street expectations, with adjusted earnings of $1.00 per share compared to the estimated $0.90. Revenue rose 21% year-over-year to $7.9 billion, surpassing forecasts of $7.52 billion. Despite these strong numbers and an upward revision in its full-year fiscal 2027 guidance for both revenue and earnings, Flex's shares fell more than 5% in premarket trading. The company now expects adjusted EPS between $4.42 and $4.74 with a midpoint of $4.58—above the consensus estimate of $4.53—and raised its full-year revenue forecast to $33.7 billion–$35.2 billion, up from previous guidance of $32.3 billion–$33.8 billion. CEO Revathi Advaithi attributed this performance to strategic execution and expansion into AI infrastructure. Flex also provided a second-quarter outlook with revenue expected between $7.95 billion and $8.25 billion, representing 19% growth at the midpoint of guidance.
Tickers: $FLEX
Topics: Earnings Guidance Upgrade Revenue Growth