Flex posts Q2 FY2027 earnings beat and lifts FY2027 revenue and EPS guidance
Flex reported second‑quarter fiscal 2027 net sales of $8.5 billion, up 25% year‑over‑year, with GAAP earnings of $0.70 per share and adjusted earnings of $1.18 per share. The company raised its full‑year 2027 revenue outlook to $34.9‑$35.9 billion and adjusted EPS outlook to $4.84‑$5.16 per share. BofA Securities reiterated a Buy rating, cutting its price target to $150 from $180, and the stock jumped about 8.6% in pre‑market trading.
Why it matters
The earnings beat and higher guidance prompted an 8.6% pre‑market rally in Flex shares, reflecting renewed investor confidence. The raised FY2027 targets set a higher earnings floor for the year ahead.
Key facts
- 1Q2 net sales were $8.5 billion, up 25% YoY. prnewswire.com
- 2GAAP EPS for the quarter was $0.70 per share. prnewswire.com
- 3Adjusted EPS for the quarter was $1.18 per share. prnewswire.com
- 4Full‑year 2027 revenue guidance was raised to $34.9 billion‑$35.9 billion. prnewswire.com
- 5Full‑year 2027 adjusted EPS guidance was raised to $4.84‑$5.16 per share. prnewswire.com
- 6Q3 FY2027 net sales guidance is $8.87 billion‑$9.17 billion. prnewswire.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.