FLEX REPORTS FIRST QUARTER FISCAL 2026 RESULTS

Core Insights - Flex reported strong first quarter results for fiscal year 2026, highlighting growth in high-demand markets such as data centers and power [4] - The company has updated its fiscal year 2026 guidance, reflecting its leadership position and the impact of recent acquisitions [4] Financial Performance - Net sales for the first quarter reached $6.6 billion, an increase from $6.3 billion in the same period last year [7] - GAAP operating income was $311 million, up from $233 million year-over-year, while adjusted operating income was $395 million compared to $306 million [12][13] - GAAP net income for the quarter was $192 million, compared to $139 million in the prior year, resulting in GAAP earnings per share of $0.50, up from $0.34 [12][13] Guidance and Outlook - For the second quarter of fiscal year 2026, revenue is projected to be between $6.5 billion and $6.8 billion, with GAAP EPS expected to range from $0.58 to $0.66 [8] - Full fiscal year 2026 guidance estimates revenue between $25.9 billion and $27.1 billion, with GAAP EPS projected between $2.27 and $2.47 [8] Operational Highlights - The company emphasized its strategic focus on high-growth end-markets and the integration of services to enhance its position as a comprehensive partner [4] - Flex operates with a global workforce across 30 countries, delivering technology innovation and manufacturing solutions [6]