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Get filing alertsFlex reports record Q1 EPS of $1.00, raises full-year guidance on 21% revenue growth
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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Q1 FY2027 net sales of $7.9B, up 21% year-over-year; adjusted EPS of $1.00 (record) vs. GAAP EPS of $0.76; adjusted operating margin 6.7%.
Exhibit 99.1 view on EDGAR → -
high
Raised full-year FY2027 guidance: net sales to $33.7B–$35.2B (from $32.3B–$33.8B), adjusted EPS to $4.42–$4.74 (from $4.21–$4.51), reflecting 39% growth at midpoint.
Exhibit 99.1 view on EDGAR → -
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Q2 FY2027 guidance: net sales $7.95B–$8.25B (19% growth at midpoint), adjusted EPS $1.00–$1.07 (32% growth at midpoint).
Exhibit 99.1 view on EDGAR → -
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Incurred $53M in costs during Q1 related to planned Cloud and Power Infrastructure segment spin-off; $24M of separation costs impacted free cash flow.
Exhibit 99.1 view on EDGAR → -
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Announced Investor Day for November 10, 2026.
Exhibit 99.1 view on EDGAR →
Summary
Flex reported strong first quarter fiscal 2027 results, with net sales of $7.9 billion (up 21% year-over-year) and record adjusted EPS of $1.00.
The company raised its full-year guidance across all key metrics: net sales now expected at $33.7B–$35.2B (up from $32.3B–$33.8B), adjusted operating margin at 7.0%–7.2% (up from 7.0%–7.1%), and adjusted EPS at $4.42–$4.74 (up from $4.21–$4.51), representing 39% growth at the midpoint. Second quarter guidance calls for continued momentum with 19% revenue growth and 32% adjusted EPS growth at the midpoint.
The company incurred $53 million in spin-off costs during the quarter related to the planned separation of its Cloud and Power Infrastructure segment, which reduced free cash flow by $24 million. These costs are excluded from adjusted results, and the full-year guidance does not reflect the impact of the planned spin-off. Flex will hold an Investor Day on November 10, 2026, where management is expected to provide additional detail on strategy and outlook. The combination of strong execution, raised guidance, and sustained growth momentum positions the company well heading into the remainder of fiscal 2027.
Section-by-Section Diff
Event · Exhibit 99.1
FLEX reported Q1 FY2027 results with 21% revenue growth, record adjusted EPS of $1.00, and raised full-year guidance; announced Investor Day for Nov 10, 2026.
Added in current filing · view on EDGAR →
Reported Q1 net sales of $7.9 billion, up 21% versus the prior year. ... Delivered Q1 GAAP operating margin of 4.9%, and adjusted operating margin of 6.7%. ... Reported Q1 GAAP EPS of $0.76, and record adjusted EPS of $1.00.
FLEX reported first quarter fiscal 2027 net sales of $7.9 billion, up 21% year-over-year. GAAP operating margin was 4.9% and adjusted operating margin was 6.7%. GAAP EPS was $0.76 and adjusted EPS was a record $1.00. The company generated $276 million in operating cash flow and $41 million in free cash flow.
Added in current filing · view on EDGAR →
Net Sales: $7.95 billion to $8.25 billion, growth of 19% at the midpoint ... Adjusted EPS: $1.00 to $1.07*, growth of 32% at the midpoint
For the second quarter of fiscal 2027, FLEX guided to net sales of $7.95 billion to $8.25 billion (19% growth at midpoint) and adjusted EPS of $1.00 to $1.07 (32% growth at midpoint). The company expects an adjusted income tax rate of 21% and approximately 375 million weighted average shares outstanding.
Added in current filing · view on EDGAR →
Fiscal Year 2027 Guidance | Prior | Updated | Net Sales $32.3 - $33.8 billion | $33.7 - $35.2 billion | Adjusted Operating Margin* | 7.0% - 7.1% | 7.0% - 7.2% | Adjusted EPS* | $4.21 - $4.51 | $4.42 - $4.74
FLEX raised its full fiscal year 2027 guidance. Net sales guidance increased from $32.3-$33.8 billion to $33.7-$35.2 billion (23% growth at midpoint). Adjusted operating margin guidance increased from 7.0%-7.1% to 7.0%-7.2%. Adjusted EPS guidance increased from $4.21-$4.51 to $4.42-$4.74 (39% growth at midpoint). The guidance reflects expected results for the full fiscal year and does not give effect to the planned spin-off of the Cloud and Power Infrastructure segment.
Added in current filing · view on EDGAR →
Announced Investor Day date of November 10th, 2026.
FLEX announced it will hold an Investor Day on November 10, 2026. This event will provide investors with an opportunity to hear from management about the company's strategy and outlook.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify