Flex Reports Record Q2 2027 Results with Significant Revenue Growth Across All Segments
Flex (FLEX) delivered a record-breaking second quarter for fiscal year 2027, reporting revenue of $8.5 billion, a 25% increase year-over-year. The company's performance was driven by robust demand in the Cloud and Power Infrastructure (CPI) segment, which saw revenue surge 54% to $2.5 billion due to expansion in power, cloud, and cooling markets. Adjusted EPS rose 49% to a record $1.18. Looking ahead, Flex raised its full-year guidance, projecting annual revenue between $34.9 billion and $35.9 billion. The company is heavily investing in capacity for the CPI segment, with two-thirds of its $1.5–$1.6 billion CapEx allocated there. While management noted ongoing supply chain component shortages and short-term elevated interest expenses from the EPC Power acquisition, the overall outlook remains strong due to scaling investments in high-growth technology sectors.
Topics: EPS Beat Financial Guidance Revenue Growth Segment Performance
Read the full article at Motley Fool
Part of the story Manulife Reports Record Core Earnings and Strong Asian Growth in Q3 2026 (106 articles)