Flex raised its fiscal 2027 sales and adjusted earnings forecasts on October 28, according to its second-quarter results release.
For the quarter ended September 25, the manufacturer reported $8.5 billion in sales, $414 million in operating income and $263 million in net income. Reported earnings were 70 cents per share, compared with adjusted earnings of $1.18.
Cash from operating activities totaled $501 million. Free cash flow, the company's supplemental measure after net capital spending, was $261 million.
Flex now expects annual sales of $34.9 billion to $35.9 billion, up from its previous $33.7 billion to $35.2 billion range. It increased its adjusted earnings forecast to $4.84–$5.16 per share from $4.42–$4.74, and its adjusted operating margin forecast to 7.6%–7.8% from 7%–7.2%.
The company said the outlook includes recent acquisitions and does not reflect its planned Cloud and Power Infrastructure spin-off.
For the next quarter, Flex projects sales of $8.87 billion–$9.17 billion. Forecasts remain management expectations, and adjusted measures exclude specified items from standard accounting results.
Sources: Flex fiscal second-quarter results release.