Reports Q2 revenue $7.5B, consensus $7.52B. “Our focus on the right portfolio and margin expansion has enabled the team to deliver another strong quarter and make solid progress on our financial framework,” said Revathi Advaithi, CEO of Flex. “With the announcement of our plan to spin-off our remaining interest in Nextracker, we come to the final stage of unlocking its full value. Our strategic focus remains on driving growth in targeted markets, expanding margins, and executing our capital allocation strategy.”
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Read More on FLEX:
- FLEX REPORTS SECOND QUARTER FISCAL 2024 RESULTS; ANNOUNCES PLAN TO SPIN-OFF REMAINING INTEREST IN NEXTRACKER TO FLEX SHAREHOLDERS
- Flex options imply 6.1% move in share price post-earnings
- FLEX Earnings this Week: How Will it Perform?
- Flex put volume heavy and directionally bearish
- Flex CFO sells $1.38M in common stock
