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Flex Ltd (FLEX)
NASDAQ:FLEX
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.63Last Year’s EPS
$0.71Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 8.60%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in data center growth and record financial metrics, supported by strategic acquisitions. However, challenges in the automotive and industrial sectors and a downward revision in revenue guidance indicate some caution. Overall, the positive aspects slightly outweigh the negatives.Company Guidance
During Flex's Q2 2025 earnings call, the company reported strong financial performance with revenue of $6.5 billion and a record adjusted operating margin of 5.5%. The adjusted EPS also reached a quarterly high of $0.64. Notably, the data center portfolio, comprising cloud and data center power businesses, grew 40% year-over-year, surpassing the long-term CAGR target of 20%. Reliability Solutions contributed $2.9 billion in revenue, with an operating margin of 5.4%, while Agility Solutions posted revenue of $3.6 billion and achieved a record 6.1% operating margin. Additionally, Flex maintained its full-year guidance, expecting revenue between $24.9 billion and $25.5 billion, with an adjusted operating margin of 5.4% to 5.5% and EPS ranging from $2.39 to $2.51. The company also highlighted its strategic acquisition of Crown Technical Systems to enhance its power distribution offerings in North America, further supporting its growth in higher-value markets.Record Revenue and Margin Performance
Flex achieved a record quarterly revenue of $6.5 billion with an adjusted operating margin of 5.5%, and a record adjusted EPS of $0.64.
Data Center Growth
The data center portfolio grew by 40% year-over-year, driven by cloud and data center power business.
Strong Free Cash Flow and Share Buybacks
Flex generated $219 million in free cash flow for the quarter, and repurchased $300 million worth of stock.
Acquisition of Crown Technical Systems
Announced the acquisition of Crown Technical Systems, enhancing Flex's data center power portfolio and supporting growth in the U.S. market.
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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
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FLEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $34.67 | $35.78 | +3.20% |
| Jul 24, 2024 | $29.72 | $31.76 | +6.86% |
| May 01, 2024 | $28.65 | $26.34 | -8.06% |
| Jan 31, 2024 | $23.74 | $25.04 | +5.48% |
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.
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FAQ
When does Flex Ltd (FLEX) report earnings?
Flex Ltd (FLEX) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Flex Ltd (FLEX) earnings time?
Flex Ltd (FLEX) earnings time is at Jan 29, 2025, TBA Not 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 2025 (Q3) is $0.63.
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