Flex Reports 21% Revenue Growth in Fiscal First Quarter

The company reported GAAP operating income of $392 million, with an operating margin of 4.9%. On an adjusted basis, operating income climbed to $534 million, reflecting a 6.7% margin. These results come as the firm continues to execute its broader strategic shift, which includes the planned spin-off of its Cloud and Power Infrastructure division.

Looking ahead, Flex raised its outlook for the remainder of the fiscal year. Management now projects total net sales between $33.7 billion and $35.2 billion, representing a 23% growth at the midpoint. Adjusted earnings per share for the full year are expected to land between $4.42 and $4.74. CEO Revathi Advaithi noted that the company’s recent entry into the S&P 500 and its expanded role in data center deployments have solidified its market position. Flex plans to host an Investor Day on November 10, 2026, to provide further updates on its long-term trajectory.