Ruplu Bhattacharya

Samik Chatterjee

Mark Delaney

Steven Fox

Steve Barger

George Wang

Jacob Moore

Tim Long

Christian Zyla

Dong Wang

- Flex reported **Q2 FY26 revenue of $6.8 billion**, **adjusted operating income of $409 million (6.0% margin)**, and **adjusted earnings per share of $0.79**.  **[0000866374_2211028:6]** **[0000866374_2211028:8]**  This marks the **fourth consecutive quarter with adjusted operating margins of 6.0% or higher**.  **[0000866374_2211028:6]** 
- The company **increased its FY26 guidance**, now projecting revenue between **$26.7 billion and $27.3 billion**, adjusted operating margin of **6.2% to 6.3%**, and adjusted earnings per share of **$3.09 to $3.17**.  **[0000866374_2211028:10]** 
- Growth was driven by **sustained momentum in its data center portfolio**, with total data center revenue projected to reach **$6.5 billion for FY26E, a 35% year-over-year increase**.  **[0000866374_2211028:6]** **[0000866374_2211028:7]** 
- Flex generated **$305 million in free cash flow** during Q2 FY26.  **[0000866374_2211028:9]** **[0000866374_2211028:10]**

Flex Reports Strong Q2 FY26 Results and Raises Full-Year Guidance

- Flex reported **Q2 fiscal 2026 revenue of $6.8 billion**, a 4% year-over-year increase, and **adjusted EPS of $0.79**, up 23% year-over-year.  **[0000866374_2211536_1]** **[0000866374_2211536_3]** 
- The company raised its **full-year fiscal 2026 revenue guidance to between $26.7 billion and $27.3 billion** and **adjusted EPS to between $3.09 and $3.17 per share**, driven by strong performance and favorable mix.  **[0000866374_2211536_3]** **[0000866374_2211536_4]** 
- Growth was primarily fueled by the **data center business**, which is projected to grow at least **35%** this year, with Flex actively participating in AI infrastructure buildouts and partnering with companies like Nvidia.  **[0000866374_2211536_1]** **[0000866374_2211536_5]** 
- Flex repurchased **$297 million of stock** (approximately 5.6 million shares) in Q2 and maintained its **80%+ free cash flow conversion target** for FY2026.  **[0000866374_2211536_3]** **[0000866374_2211536_4]** 
- The company anticipates a revenue headwind of slightly over **$100 million** in the second half of FY2026 due to the temporary loss of operations at its Ukraine facility.  **[0000866374_2211536_2]** **[0000866374_2211536_7]**

Flex Reports Strong Q2 Fiscal 2026 Results and Raises Full-Year Guidance

- Flex reported strong **Q2 FY2026 financial results**, with **revenue of $6.8 billion**, a **4%** year-over-year increase, and **adjusted EPS of $0.79**, up **23%**.  **[0000866374_2211264_1]** **[0000866374_2211264_3]** 
- The company raised its **full-year FY2026 guidance**, now expecting revenue between **$26.7 billion and $27.3 billion** and adjusted EPS between **$3.09 and $3.17**.  **[0000866374_2211264_3]** **[0000866374_2211264_4]** 
- The **Data Center business** remains a significant growth driver, with revenue projected to grow at least **35%** this year, supported by partnerships like the one with Nvidia for next-gen AI factories.  **[0000866374_2211264_1]** 
- Flex anticipates **continued margin improvement** in the second half of FY2026, driven by a favorable mix shift towards higher-margin products and services.  **[0000866374_2211264_6]** **[0000866374_2211264_9]** 
- Despite a revenue headwind of over **$100 million** in the second half of the year from the **Ukraine facility shutdown**, the company's overall guidance was still increased.  **[0000866374_2211264_3]** **[0000866374_2211264_4]** **[0000866374_2211264_7]**

Flex Reports Strong Q2 2026 Results and Raises Full-Year Guidance

- Flex reported strong Q2 FY2026 results, with **revenue of $6.8 billion**, an **operating margin of 6%**, and **adjusted EPS of $0.79**, up 23% year-over-year.  **[0000866374_2211487_1]** **[0000866374_2211487_3]** 
- The company raised its full-year FY2026 guidance, now expecting revenue between **$26.7 billion and $27.3 billion**, adjusted operating margin between **6.2% and 6.3%**, and adjusted EPS between **$3.09 and $3.17 per share**.  **[0000866374_2211487_4]** 
- This performance is driven by robust growth in the **data center business**, which is projected to grow at least **35%** this year, fueled by AI infrastructure buildouts and a strategic shift towards higher-margin technology-driven businesses.  **[0000866374_2211487_1]** **[0000866374_2211487_5]** 
- Flex repurchased **$297 million of stock** (approximately **5.6 million shares**) in Q2 FY2026 and maintains an **80%+ free cash flow conversion target** for the full fiscal year.  **[0000866374_2211487_3]** **[0000866374_2211487_4]**

Flex Reports Strong Q2 FY2026 Results and Raises Full-Year Guidance

- Flex reported **net sales of $6.8 billion** and a **GAAP operating margin of 4.4%** for the second quarter of fiscal year 2026, which ended September 26, 2025.  **[866374_0000866374-25-000048_flexex991-9262025.htm:0]** 
- The company achieved **GAAP EPS of $0.52** and a **record adjusted EPS of $0.79** for Q2 FY26, with GAAP EPS including **$0.11** in costs related to missile strike damage at its Ukraine facility.  **[866374_0000866374-25-000048_flexex991-9262025.htm:0]** 
- Flex's adjusted operating margin reached **6.0%** in Q2 FY26, marking the fourth consecutive quarter at or above this level.  **[866374_0000866374-25-000048_flexex991-9262025.htm:0]** 
- The company raised its full-year fiscal 2026 guidance, now expecting net sales between **$26.7 billion and $27.3 billion** and adjusted EPS between **$3.09 and $3.17**.  **[866374_0000866374-25-000048_flexex991-9262025.htm:0]**

Flex Reports Q2 Fiscal 2026 Results and Raises Full-Year Guidance

- Flex reported **record Q2 Fiscal Year 2026 adjusted EPS of $0.79** and **net sales of $6.8 billion**, which were up 4% and at the top end of guidance.  **[866374_20251029SF09420:0]** 
- The company achieved an **adjusted operating margin of 6.0%** for Q2 Fiscal Year 2026, marking the fourth consecutive quarter at or above this level.  **[866374_20251029SF09420:0]** 
- Flex is **raising its full-year Fiscal Year 2026 guidance** for net sales, adjusted operating margin, and adjusted EPS, driven by strong data center demand in its Power and Cloud businesses.  **[866374_20251029SF09420:0]** 
- Updated Fiscal Year 2026 guidance projects **net sales between $26.7 billion and $27.3 billion** and **adjusted EPS between $3.09 and $3.17**.  **[866374_20251029SF09420:0]** 
- Q2 Fiscal Year 2026 GAAP EPS of **$0.52** included **$0.11** in costs related to missile strike damage at its Ukraine facility.  **[866374_20251029SF09420:0]**

- **Flex** is partnering with **NVIDIA** to develop modular data center systems, aiming to deliver high-performance, energy-efficient **AI factories** at scale to meet growing U.S. infrastructure demands.  **[866374_20251028SF08350:0]** 
- The collaboration leverages Flex's advanced manufacturing capabilities, including a new **400,000 sq. ft. facility in Dallas** purpose-built for data center infrastructure to shorten lead times for U.S. customers.  **[866374_20251028SF08350:0]** 
- Flex will deploy **NVIDIA cuOpt** for capacity planning and process optimization within its facilities, utilizing digital twins to streamline logistics.  **[866374_20251028SF08350:0]** 
- This initiative builds on Flex's existing collaborations with NVIDIA in areas such as **800 VDC data center power infrastructure** and integrating **NVIDIA DRIVE AGX Orin** into Flex's automotive Jupiter design platform.  **[866374_20251028SF08350:0]**

Flex Announces Collaboration with NVIDIA to Accelerate AI Factory Deployment

- Flex has launched the **industry's first globally manufactured, fully integrated platform** designed for gigawatt data centers supporting AI and HPC.  **[866374_20251013SF95528:0]** 
- This new infrastructure platform enables data center operators to **deploy infrastructure up to 30% faster**, reduce execution risk, and scale reliably to meet AI demand.  **[866374_20251013SF95528:0]** 
- The platform integrates **power, cooling, compute, and Flex's global services** into pre-engineered, modular reference designs.  **[866374_20251013SF95528:0]** 
- Key product innovations include **1MW liquid-cooled IT racks**, a **UL 1973–certified Capacitive Energy Storage System**, a **modular rack-level coolant distribution unit (CDU)**, and **prefabricated power pods and skids**.  **[866374_20251013SF95528:1]**

Flex announces new AI infrastructure platform

- Flex announced the launch of its new **Modular Rack-Level Cooling Distribution Unit (CDU)**, developed by JetCool, a Flex company, which is available immediately.  **[866374_20250923SF77335:0]** 
- This new CDU delivers **flexible capacity up to 1.8 megawatts (MW)**, designed to meet the evolving demands of AI, high-performance computing (HPC), and hyperscale workloads.  **[866374_20250923SF77335:0]** 
- Key features include a **scalable architecture** (2-6 CDUs per rack, delivering 600 kW to 1.8 MW of cooling capacity) and **energy optimization** to reduce waste and lower operating costs.  **[866374_20250923SF77335:0]** 
- Flex plans to expand its cooling portfolio further with a dedicated **in-row-CDU scheduled for release in April 2026**.  **[866374_20250923SF77335:0]**

FLEX (FLEX)