Record Revenue and Growth
Flex reported second quarter revenue of $6.8 billion, an increase of 4% over the previous year, with an impressive operating margin of 6% and adjusted EPS up 23% to $0.79, marking another record for the company.
Data Center Business Expansion
The data center business continued to deliver strong results, with expectations for revenue to grow at least 35% this year. Flex introduced a new AI infrastructure platform that helps data centers deploy 30% faster.
Strong Performance in Health Solutions
The Health Solutions segment showed steady demand for medical devices and anticipated growth in medical equipment later in the year.
Positive Segment Margin Expansion
In the Reliability segment, revenue was $3 billion, up 3% year-over-year, with segment margin expanding by 105 basis points to 6.5%.
Increased Full-Year Guidance
Flex raised its full-year revenue guidance to between $26.7 billion and $27.3 billion, with adjusted EPS guidance increased to between $3.09 and $3.17 per share.