Flex Q3 sales rise 8%, beat estimates

Flex

04/02/2026 12:14

Overview

Manufacturing partner's fiscal Q3 net sales rose 8%, beating analyst expectations

Adjusted EPS for fiscal Q3 beat analyst expectations

Company raised full-year guidance for net sales, adjusted operating margin, and adjusted EPS

Outlook

Flex raises full-year net sales guidance to $27.2 bln - $27.5 bln

Company expects Q4 adjusted EPS of $0.83 to $0.89

Flex anticipates full-year adjusted EPS of $3.21 to $3.27

Result Drivers

DIVERSIFIED MODEL - Flex attributed strong Q3 results to its diversified business model across industries, including Data Center

RECORD MARGINS - Achieved record adjusted operating margin of 6.5%, marking fifth consecutive qtr above 6%

GUIDANCE RAISED - Co raised full-year guidance for net sales, adjusted operating margin, and adjusted EPS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$7.10 bln
$6.84 bln (9 Analysts)
Q3 Adjusted EPS
Beat
$0.87
$0.79 (9 Analysts)
Q3 EPS
$0.64
Q3 Net Income
$239 mln
Q3 Operating Income
$389 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Flex Ltd is $75.00, about 13.7% above its February 3 closing price of $65.99

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nPnb0hfMca

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)