Flex Ltd (FLEX)
NASDAQ:FLEX
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.9Last Year’s EPS
0.72Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook driven by strong Q4 and full-year results, record margins, robust CPI revenue acceleration and major customer wins (including Google). Management announced a strategic spin of the Cloud & Power Infrastructure business to unlock value and highlighted an acquisition (EP2) to bolster power capabilities. Near-term negatives include CPI margin pressure from infrastructure investments and cloud ramp costs, softness in consumer/lifestyle markets, an elevated FY'27 CapEx plan and inventory build, and transactional uncertainty around the spin. Management expects to recoup CPI margin headwinds in FY'27 and to resume normalized CapEx in FY'28, supporting a constructive medium-term view.Company Guidance
Strong Quarterly Revenue Growth
Q4 revenue $7.5B, up 17% year-over-year; adjusted EPS $0.93, up 27% YoY.
Record Margins and Profitability
Q4 adjusted gross margin 9.9% (up 50 bps YoY) and adjusted operating margin 6.7% (up 50 bps YoY); full-year adjusted gross margin 9.5% (up 70 bps) and adjusted operating margin 6.3% (up 70 bps); full-year adjusted EPS $3.30, up 25%.
CPI Segment Acceleration
CPI Q4 revenue $1.8B, up 31% YoY; full-year CPI revenue $6.6B, up 38% YoY (exceeding 35% target); company targets CPI growth of 65%–75% in FY'27 and 80%+ in FY'28.
Major Customer Wins and Backlog
Secured multiyear contract with Google and incremental business with multiple hyperscalers, colos and neoclouds underpinning multi-year capacity/backlog.
Spin Announcement to Unlock Value
Intent to spin off Cloud & Power Infrastructure (SpinCo) into a publicly traded company (expected Q1 CY2027) to sharpen strategic focus and capital allocation.
Strategic M&A to Strengthen Power Portfolio
Closed acquisition of EP2 to expand utility-grade power capabilities and support grid modernization and long-cycle, margin-accretive programs.
Strong Cash Generation and Capital Return
Q4 free cash flow $212M; full-year free cash flow ~ $1.1B; repurchased $200M in Q4 and $944M for the full year (~19M shares).
FY'27 Financial Guidance Points to Continued Growth
FY'27 revenue guidance $32.3B–$33.8B (up ~18% at midpoint), adjusted EPS $4.21–$4.51 (up ~32% at midpoint), adjusted operating margin 7.0%–7.1% (up ~80 bps).
FLEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FLEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $96.45 | $134.73 | +39.69% |
Feb 04, 2026 | $65.99 | $58.83 | -10.85% |
Oct 29, 2025 | $64.26 | $66.10 | +2.86% |
Jul 24, 2025 | $53.80 | $49.67 | -7.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Flex Ltd (FLEX) report earnings?
Flex Ltd (FLEX) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Flex Ltd (FLEX) earnings time?
Flex Ltd (FLEX) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLEX EPS forecast?
FLEX EPS forecast for the fiscal quarter 2027 (Q1) is 0.9.