Core Insights - Flex Ltd. reported lower profit in its second quarter but exceeded market estimates, and it raised its fiscal 2025 forecast above Wall Street expectations [1][4] Group 1: Second Quarter Performance - The company's net income for the second quarter was $199 million, or $0.52 per share, compared to $214 million, or $0.54 per share, in the previous year [4] - Adjusted earnings for the period were $300 million, or $0.79 per share, up from $255 million, or $0.64 per share, a year ago, surpassing analysts' expectations of $0.76 per share [4] - Net sales increased by 4 percent to $6.804 billion from $6.545 billion last year, exceeding the Street's expectation of $6.71 billion [5] Group 2: Third Quarter Outlook - For the third quarter, the company projects adjusted earnings per share between $0.74 and $0.80, adjusted operating income of $405 million to $435 million, and net sales of $6.65 billion to $6.95 billion [2] - Wall Street analysts expect earnings of $0.77 per share on net sales of $6.73 billion [2] Group 3: Fiscal 2025 Forecast - The company now projects adjusted earnings per share for fiscal 2025 to be between $3.09 and $3.17, with adjusted operating margins between 6.2 percent and 6.3 percent, and net sales of $26.7 billion to $27.3 billion [3] - Previously, the company expected adjusted earnings per share of $2.86 to $3.06 and net sales of $25.9 billion to $27.1 billion [3] - Analysts anticipate earnings of $3.04 per share on net sales of $26.71 billion for the year [3] Group 4: Factors Influencing Outlook - The revision in outlook is attributed to strong demand in data centers within the Power and Cloud businesses and continued disciplined execution [4]