Flex (FLEX) Q2 2027 Earnings
How Did FLEX Stock React to Q2 2027 Earnings?
Did FLEX Beat Earnings? Q2 2027 Results
Yes. Flex reported Q2 2027 earnings of $1.18 a share on Oct 28, 2026, beating the $1.06 consensus estimate by 11.5%. Revenue was $8.5B against a $8.2B estimate.
Flex Ltd. delivered a standout second quarter of fiscal 2027, posting adjusted EPS of $1.18 against a consensus estimate of $1.06, a beat of 11.50% that extended the company's streak of exceeding EPS expectations to five consecutive quarters. Revenue of $8.49 billion topped the $8.18 billion consensus by 3.81% and grew 24.8% year over year, powered largely by explosive demand within the Cloud and Power Infrastructure segment, which is on track to grow 75% to 85% for the full fiscal year as hyperscale AI data center buildouts continue to accelerate. Adjusted operating margin expanded to 7.1%, up from 6.0% in the year-ago period, reflecting the operating leverage Flex is extracting from its infrastructure-focused portfolio even as it absorbed roughly $91 million in costs tied to the planned spin-off of the CPI segment into a separately traded entity called Axiom. Buoyed by the strong results, management raised full-year guidance to $34.9 billion to $35.9 billion in net sales and adjusted EPS of $4.84 to $5.16, implying approximately 52% earnings growth at the midpoint.
- 25% year-over-year net sales growth to $8.5 billion
- Adjusted operating margin expansion to 7.1% from 6.0% year-over-year
- Record adjusted EPS of $1.18
- Cloud and Power Infrastructure segment expected to grow 75%–85% for FY2027
- AI-driven data center demand driving power and cooling technology solutions
“We continue to execute from a position of strength while advancing our planned spin-off of our Cloud and Power Infrastructure segment. Our acquisition of EPC Power further completes our end-to-end Power portfolio and will be immediately accretive in fiscal 2027, while the unveiling of the Axiom name and anticipated leadership marks another important step toward creating two focused companies positioned for long-term success.”
Flex CEO, on the earnings call
What Is Flex's Outlook?
Flex raised its full-year fiscal 2027 guidance: net sales of $34.9B–$35.9B (27% growth at midpoint, up from $33.7B–$35.2B), adjusted operating margin of 7.6%–7.8% (up from 7.0%–7.2%), and adjusted EPS of $4.84–$5.16 (52% growth at midpoint, up from $4.42–$4.74). For Q3 FY2027, the company guided net sales of $8.87B–$9.17B (28% growth at midpoint), adjusted operating income of $685M–$715M, and adjusted EPS of $1.19–$1.25 (40% growth at midpoint). The CPI segment is expected to grow 75%–85% for the full year, and RMS + ITS combined is expected to grow 8%–11%. Guidance does not reflect the planned spin-off of the Cloud and Power Infrastructure segment and includes contributions from recent acquisitions closed after September 25, 2026.
FLEX YoY Financials
| Metric | Q2 2027 | Q2 2026 | Year over year |
|---|---|---|---|
| Revenue | $8.5B | $6.8B | +24.8% |
| Gross Profit | $812.0M | $614.0M | +32.3% |
| Operating Income | $414.0M | $296.0M | +39.9% |
| Net Income | $263.0M | $199.0M | +32.2% |
When Does Flex Report Next?
Figures from SEC filings and company reports. Not investment advice.