Flex Ltd. (FLEX) Earnings Call Transcripts

Flex Ltd.'s Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal year 2027, Flex Ltd. reported revenue of $7.9 billion, reflecting a 21% year-over-year increase, and adjusted earnings per share (EPS) of $1, up 39% year-over-year. The company provided robust guidance for the fiscal year, projecting total revenue between $33.7 billion and $35.2 billion, indicating a 23% increase at the midpoint. Notably, the Cloud & Power Infrastructure segment saw a remarkable 35% growth year-over-year, signaling strong demand driven by AI infrastructure investments, which could be a key catalyst for stock movement moving forward.

Reported metrics

Guidance from management

Management expects fiscal year 2027 revenue to be between $33.7 billion and $35.2 billion, with adjusted EPS between $4.42 and $4.74. They maintained their guidance for the Cloud & Power Infrastructure segment to grow 65% to 75%.

What management said

And we feel good about the durability into FY '28 because it's all related to AI infrastructure spending, right? So as that continues, right, you're going to continue to see this business ramp with that.

I see this tied very much to an ongoing infrastructure build-out both directly with the energy infrastructure businesses and then supporting productivity long term in our warehouse automation business.

What analysts pressed on

Analysts raised concerns about the slight decrease in operating margins within the Cloud & Power Infrastructure segment, questioning the sustainability of margins amidst program ramps. Additionally, there was skepticism regarding the impact of rising costs associated with the spin-off on free cash flow conversion rates.

Main topics on the call

• Strong Revenue Growth — Flex reported first quarter revenue of $7.9 billion, up 21% year-over-year, driven by growth across all segments. CEO Revathi Advaithi stated, "We delivered strong revenue growth, margin expansion across all 3 segments a...
• Cloud & Power Infrastructure Segment Performance — The Cloud & Power Infrastructure segment grew 35% year-over-year, with revenue totaling $2.2 billion. Management indicated that investments in this segment are on track to drive accelerated growth and margin expansion in...
• Guidance for Fiscal Year 2027 — Flex raised its guidance for fiscal year 2027, expecting revenue between $33.7 billion and $35.2 billion, up 23% at the midpoint. Adjusted EPS guidance was also increased to between $4.42 and $4.74, up 39% at the midpoin...
• Margin Expansion — Adjusted operating margin improved to 6.7%, up 70 basis points year-over-year, driven by business mix and productivity improvements. CFO Kevin Krumm noted, "Adjusted operating profit was $534 million, up 35% year-over-ye...

Read the full Flex Ltd. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 53 Flex Ltd. earnings call transcripts on record, spanning January 30, 2020 to July 29, 2026. Based on this history, Flex Ltd. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FLEX

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

53

First call

January 30, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly