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Flex Ltd (FLEX)
:FLEX
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.7Last Year’s EPS
0.57Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -22.30%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call revealed significant positive developments, including record margins and data center growth, along with strategic acquisitions. However, there are concerns regarding the automotive market, geopolitical risks, and tax impacts. Overall, highlights notably outweigh the lowlights.Company Guidance
During Flex's Third Quarter Fiscal 2025 Earnings Conference Call, the company reported strong financial results with revenue reaching $6.6 billion, operating margins at 6.1%, and earnings per share (EPS) of $0.77, marking the first quarter with an operating margin above 6%. The data center business grew by 45% year-over-year, driven by the transition towards dense compute technologies, and the health solutions and consumer-related markets also showed positive trends. The company completed acquisitions of JetCool and Crown Systems, enhancing capabilities in data center cooling and power solutions. For the fourth quarter, Flex anticipates revenue between $6 billion and $6.4 billion, with adjusted EPS ranging from $0.65 to $0.73. For the full Fiscal Year 2025, Flex expects revenue between $25.4 billion and $25.8 billion, with an adjusted operating margin of 5.6% to 5.7%, and adjusted EPS between $2.57 and $2.65. The company also highlighted its strong cash flow management and stock repurchase activities, with $306 million in free cash flow for the quarter and $950 million in stock repurchases year-to-date.Record Quarterly Operating Margin and EPS
Flex achieved a record quarterly operating margin of 6.1% and EPS of $0.77, marking the first quarter with an operating margin above 6%. This is attributed to strong execution on strategy, mix improvement, and efficiency across all business units.
Data Center Business Growth
The data center business grew 45% year-over-year in the quarter, driven by AI-driven cloud expansion and increased demand for hyperscale cloud integration programs and power portfolio. Flex expects similar growth in the next quarter.
Strong Medical Device Demand
There was very strong medical device demand in Q3, with Flex having exceptional capabilities in FDA-regulated medical technology design and manufacturing. This includes a recent win with GLP-1 injectors.
Acquisition of JetCool and Crown Systems
Flex closed on acquisitions of JetCool and Crown Systems, which add key technologies to its data center portfolio, including direct to chip liquid cooling and data center critical power capabilities.
Strong Free Cash Flow
Free cash flow in the quarter was $306 million, with a fiscal year-to-date delivery of $757 million, positioning Flex to exceed its full-year target of $800 million.
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FLEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $40.59 | $41.51 | +2.27% |
| Oct 30, 2024 | $34.67 | $35.78 | +3.20% |
| Jul 24, 2024 | $29.72 | $31.76 | +6.86% |
| May 01, 2024 | $28.65 | $26.34 | -8.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Flex Ltd (FLEX) report earnings?
Flex Ltd (FLEX) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Flex Ltd (FLEX) earnings time?
Flex Ltd (FLEX) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLEX EPS forecast?
FLEX EPS forecast for the fiscal quarter 2025 (Q4) is 0.7.
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