Q1 27 EPS
$1.00
BEAT +8.66%
Est. $0.92
Q1 27 Revenue
$7.93B
BEAT +4.64%
Est. $7.58B
vs S&P Since Q1 27
-2.6%
TRAILING MARKET
FLEX +3.3% vs S&P +5.9%
Market Reaction
Did FLEX Beat Earnings? Q1 2027 Results
Flex Ltd. Delivered a strong first quarter of fiscal 2027, beating Wall Street expectations on both the top and bottom lines as surging demand for AI infrastructure and cloud power solutions lifted results well above forecasts. The contract manufactu… Read more Flex Ltd. Delivered a strong first quarter of fiscal 2027, beating Wall Street expectations on both the top and bottom lines as surging demand for AI infrastructure and cloud power solutions lifted results well above forecasts. The contract manufacturer posted adjusted EPS of $1.00, topping the $0.92 consensus estimate by 8.90%, extending its streak of beating EPS estimates to four consecutive quarters, while revenue of $7.93 billion cleared the $7.58 billion consensus by 4.64% and grew 20.6% year over year. The standout driver was Flex's Cloud and Power Infrastructure business, which management has been building out aggressively, including $1.13 billion in acquisitions completed during the quarter, with capital expenditures climbing to $236.00 million from $133.00 million a year ago as the company invested in capacity to meet accelerating data center demand. GAAP net income rose to $285.00 million from $192.00 million in the prior-year period. Looking ahead, Flex raised its full-year fiscal 2027 revenue guidance to $33.70 billion–$35.20 billion and lifted its adjusted EPS outlook to $4.42–$4.74, implying 39% growth at the midpoint, with second-quarter revenue guidance set at $7.95 billion–$8.25 billion.
Key Takeaways
- • 21% year-over-year revenue growth driven by strong demand
- • Expanding role in AI infrastructure and data center deployment
- • Adjusted operating margin improvement to 6.7% from 6.0% year-over-year
- • Record adjusted EPS of $1.00
FLEX Forward Guidance & Outlook
Flex raised its full-year fiscal 2027 guidance: net sales of $33.7B–$35.2B (up from $32.3B–$33.8B), representing 23% growth at the midpoint; adjusted operating margin of 7.0%–7.2% (up from 7.0%–7.1%); and adjusted EPS of $4.42–$4.74 (up from $4.21–$4.51), implying 39% growth at the midpoint. Full-year guidance does not give effect to the planned spin-off of the Cloud and Power Infrastructure segment. For Q2 FY2027, guidance calls for net sales of $7.95B–$8.25B (19% growth at midpoint), adjusted operating income of $535M–$565M, and adjusted EPS of $1.00–$1.07 (32% growth at midpoint). The adjusted income tax rate is expected at 21% with approximately 375 million weighted average diluted shares outstanding.
FLEX YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
“This quarter reflects the continued execution of the strategy we've advanced over the last several years. From joining the S&P 500 to expanding our role in AI infrastructure, we've strengthened our position in attractive growth markets. Looking ahead, we're confident both Flex and SpinCo have the leadership, capabilities, and focus to capitalize on the significant opportunities in front of them.”
— Revathi Advaithi, Q1 2027 Earnings Press Release
FLEX Earnings Trends
FLEX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FLEX EPS Trend
Earnings per share: estimate vs actual
FLEX Revenue Trend
Quarterly revenue: estimate vs actual
FLEX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.92 | $1.00 | +8.66% | $7.93B | +4.64% |
| Q4 26 BEAT FY | $0.88 | $0.93 | +6.08% | $7.48B | +7.35% |
| FY Full Year | — | $3.30 | — | $27.91B | — |
| Q3 26 BEAT | $0.79 | $0.87 | +10.55% | $7.06B | +3.21% |
| Q2 26 BEAT | $0.76 | $0.79 | +4.35% | $6.80B | +1.46% |
| Q1 26 BEAT | $0.64 | $0.72 | +13.24% | $6.58B | +4.91% |