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Flex: Fiscal Q4 Earnings Snapshot
- On Tuesday, Austin, Texas-based Flex reported fiscal fourth-quarter net sales of $7.48 billion, surpassing Wall Street forecasts and sending shares up 17.17% to $113.01 after hours.
- Achieving record results, the company reported $27.9 billion in full-year net sales, an 8% increase for the fiscal year ended March 31, 2026, alongside a record 6.3% adjusted operating margin.
- Projections for fiscal 2027 indicate revenue between $32.3 billion and $33.8 billion, with adjusted earnings per share ranging from $4.21 to $4.51, representing 32% growth at the midpoint.
- Separately, the board unanimously approved the spin-off of the Cloud and Power Infrastructure segment into an independent, publicly traded company focused on AI data center demand.
- CEO Revathi Advaithi cited "disciplined execution and a clear strategy," noting that targeted acquisitions and capital investments align with Flex's long-term growth opportunities.
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21 Articles
abc12/WJRT+14 Reposted by 14 other sources
FLEX REPORTS FOURTH QUARTER AND FISCAL 2026 RESULTS
Reported Q4 net sales of $7.5 billion, and full-year net sales of $27.9 billion, up 17% and 8%, respectively, versus the prior year.Delivered Q4 GAAP operating margin of 5.0%, and adjusted operating margin of 6.7%, our sixth consecutive quarter with…
·Flint, United States
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Coverage Details
Total News Sources21
Leaning Left1Leaning Right1Center15Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
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