Flex Ltd. announced its financial results for the second quarter ended September 25, 2026, reporting net sales of $8.5 billion. This figure represents a 25% increase compared to the same period in the prior year.
For the quarter, the company reported GAAP operating income of $414 million, resulting in a GAAP operating margin of 4.9%. GAAP earnings per share (EPS) were reported at $0.70. On a non-GAAP basis, adjusted operating income was $607 million, and adjusted EPS reached a record $1.18.
Cash flow metrics for the quarter included $501 million provided by operating activities and $261 million in free cash flow.
In a related strategic update, Flex stated that it continues to advance the planned spin-off of its Cloud and Power Infrastructure segment. The company noted that its acquisition of EPC Power is expected to be immediately accretive in fiscal 2027.
Regarding future outlook, Flex provided guidance for the third quarter of fiscal 2027. The company anticipates net sales between $8.87 billion and $9.17 billion, with adjusted EPS projected to range from $1.19 to $1.25. The company also updated its full fiscal year 2027 guidance, projecting net sales between $34.9 billion and $35.9 billion and adjusted EPS between $4.84 and $5.16.
