Flex Reports Fourth Quarter, Fiscal 2025 Results

Flex announced results for its fourth quarter and fiscal year ended March 31, 2025.

Fourth Quarter Fiscal Year 2025 Highlights:
• Net Sales: $6.4 billion
• GAAP Operating Income: $305 million
• Adjusted Operating Income: $396 million
• GAAP Net Income attributable to Flex Ltd: $222 million
• Adjusted Net Income attributable to Flex Ltd: $285 million
• GAAP Earnings Per Share: $0.57
• Adjusted Earnings Per Share: $0.73

Fiscal Year 2025 Results of Operations:
• Net Sales: $25.8 billion
• GAAP Operating Income: $1,169 million
• Adjusted Operating Income: $1,459 million
• GAAP Net Income attributable to Flex Ltd: $838 million
• Adjusted Net Income attributable to Flex Ltd: $1,055 million
• GAAP Earnings Per Share: $2.11
• Adjusted Earnings Per Share: $2.65

“We had a very strong finish to the year, with record adjusted operating margins for both Q4 and for the full year, and we delivered our fifth consecutive year of double-digit adjusted EPS growth,” said Revathi Advaithi, CEO of Flex. “As we look to FY 2026, we continue to see strong demand from our data center customers as we continue to shift the portfolio towards more profitable business.”

First Quarter Fiscal 2026 Guidance:
• Revenue: $6.0 billion to $6.5 billion
• GAAP Operating Income: $278 million to $318 million
• Adjusted Operating Income: $330 million to $370 million
• GAAP EPS: $0.46 to $0.54
• Adjusted EPS: $0.58 to $0.66, which excludes $0.07 for net stock-based compensation expense and $0.05 for net intangible amortization.

Fiscal Year 2026 Guidance:
• Revenue: $25.0 billion to $26.8 billion
• GAAP EPS: $2.35 to $2.55
• Adjusted EPS: $2.81 to $3.01, which excludes $0.31 for net stock-based compensation expense and $0.15 for net intangible amortization.