EarningsQ1 2027 Earnings Report
MX:FLEXN Q1 2027 EPS Results
Actual EPS$16.91
Consensus EPS$15.20
Beat/MissBeat by +$1.71
One Year Ago EPS$12.17
MX:FLEXN Q1 2027 Revenue Results
Actual Revenue$134.03B
Expected Revenue$127.27B
Beat/MissBeat by +$6.76B
YoY Revenue Growth+20.58%
Earnings Announcement Details
QuarterQ1 2027
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:FLEXN Upcoming Earnings
Flex's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MX:FLEXN Q1 2027 Earnings Call
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Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: double-digit total revenue growth (21% YoY), significant segment acceleration (CPI +35% YoY with ambitious FY growth guidance), margin expansion, record adjusted EPS, solid ITS and RMS performance, and on-track progress toward a tax-free spin-off and strategic partnerships. Offsetting considerations include modest free cash flow in the quarter due to one-time spin costs (FCF conversion guidance lowered to ~40%), inventory build, elevated CapEx to fund CPI capacity, and early-stage cooling commercialization which must scale. Overall, the positives — strong topline growth, margin expansion, visible CPI bookings, and strategic positioning for AI infrastructure — materially outweigh the near-term cash flow and execution-related headwinds.Company Guidance
Strong Revenue Growth and Record EPS
Q1 revenue of $7.9 billion, up 21% year-over-year; record adjusted EPS of $1.00, up 39% year-over-year.
Margin Expansion and Profitability
Adjusted gross margin improved to 9.6% (up 50 bps YoY). Adjusted operating profit of $534 million, up 35% YoY, with adjusted operating margin of 6.7% (up 70 bps YoY).
Cloud & Power Infrastructure (CPI) Acceleration
CPI revenue of $2.2 billion, up 35% YoY; adjusted operating margin 9.7% (up 20 bps YoY). Company guidance for CPI growth of roughly 65%–75% for FY27 (management referenced ~70% growth cadence) and Q2 CPI revenue growth guide of 45%–55% as new programs ramp; >90% of CPI business booked visibility for the next three quarters.
Strong Performance in Communications and Industrial
Integrated Technology Solutions (ITS) revenue $3.1 billion, up 20% YoY with margin improvement; Regulated Manufacturing Solutions (RMS) revenue $2.7 billion, up 12% YoY with adjusted operating margin up 130 bps YoY driven by industrial strength (warehouse automation, robotics, energy infrastructure).
Ambitious Fiscal 2027 Guidance
Full-year FY27 revenue guidance $33.7B–$35.2B (up ~23% at midpoint); adjusted operating margin guidance 7.7%–8.2% (~+80 bps at midpoint); adjusted EPS guidance $4.42–$4.74 (up ~39% at midpoint); CapEx guidance $1.5B–$1.6B.
Strategic Progress: Spin-off On Track and Corporate Recognition
Separation management office making strong progress; on track for tax-free spin-off in Q1 calendar 2027. Company was recently added to the S&P 500 and announced leadership teams for both standalone companies.
Product & Partnership Momentum
Expanded manufacturing partnership with Cerebras to scale the CS-3 AI accelerator; launched a new JetCool liquid-cooling solution and showcased next-generation power and infrastructure technologies at Computex; highlighted NVIDIA modular platform collaboration.
Market Positioning & Secular Tailwinds
Positioned at the intersection of AI, power, and cooling infrastructure with secular end-market exposure (AI/data centers, healthcare, robotics, warehouse automation). Management noted power growth rates above 70% for parts of the portfolio driven by acquisitions and product investments.
MX:FLEXN 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