Flex (NASDAQ:FLEX) Releases FY 2027 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.420-4.740 for the period, compared to the consensus earnings per share estimate of 4.460. The company issued revenue guidance of $33.7 billion-$35.2 billion, compared to the consensus revenue estimate of $33.3 billion. Flex also updated its Q2 2027 guidance to 1.000-1.070 EPS.

Flex Price Performance

NASDAQ:FLEX traded up $7.28 during mid-day trading on Thursday, reaching $110.30. 3,890,230 shares of the company were exchanged, compared to its average volume of 5,210,516. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The stock has a market cap of $40.41 billion, a PE ratio of 47.34, a PEG ratio of 0.59 and a beta of 1.64. Flex has a 12 month low of $47.83 and a 12 month high of $166.86. The company has a fifty day moving average of $140.27 and a 200 day moving average of $99.27.

Flex (NASDAQ:FLEX) last announced its earnings results on Wednesday, July 29th. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $7.53 billion. Flex had a net margin of 3.15% and a return on equity of 22.12%. Flex’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. On average, research analysts anticipate that Flex will post 4.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird set a $142.00 target price on Flex in a research note on Thursday. Stifel Nicolaus boosted their price objective on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Freedom Capital raised shares of Flex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.20.

Insider Activity

In other Flex news, insider Michael P. Hartung sold 22,627 shares of Flex stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $144.48, for a total transaction of $3,269,148.96. Following the transaction, the insider directly owned 253,199 shares in the company, valued at approximately $36,582,191.52. The trade was a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kwang Hooi Tan sold 26,657 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $144.48, for a total value of $3,851,403.36. Following the completion of the transaction, the chief operating officer directly owned 257,527 shares of the company’s stock, valued at approximately $37,207,500.96. The trade was a 9.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 769,195 shares of company stock valued at $110,116,823. 0.62% of the stock is owned by company insiders.

More Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex reported fiscal Q1 earnings of $1.00 per share, above the $0.90 analyst consensus, while revenue rose 20.6% year over year to $7.93 billion, exceeding estimates of $7.53 billion. Adjusted operating margin reached 6.7%. Flex fiscal first-quarter results
• Positive Sentiment: Management raised its fiscal 2027 outlook, forecasting revenue of $33.7 billion to $35.2 billion versus a $33.3 billion consensus. Fiscal-year EPS guidance of $4.42 to $4.74 also brackets a midpoint above current analyst expectations, while second-quarter guidance exceeded consensus for both revenue and EPS. Flex earnings beat and raised outlook
• Positive Sentiment: The earnings call highlighted stronger demand for AI infrastructure, including data-center power, cooling and related solutions. Growth in Flex’s Cloud and Power Infrastructure business is supporting the improved outlook and strengthening the company’s position in the AI supply chain. Flex earnings call AI infrastructure growth
• Neutral Sentiment: Flex announced leadership teams for its planned spin-off of Cloud and Power Infrastructure into a separately traded company, “SpinCo,” expected in the first calendar quarter of 2027. The transaction could unlock value, but execution and separation risks remain. Flex SpinCo leadership announcement
• Negative Sentiment: The shares initially declined sharply after the results despite the earnings beat, indicating that elevated expectations, valuation concerns or profit-taking may still be limiting the immediate upside. Flex shares decline after earnings

Institutional Trading of Flex

Several hedge funds have recently bought and sold shares of FLEX. Parkside Financial Bank & Trust lifted its stake in Flex by 57.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock valued at $28,000 after buying an additional 166 shares in the last quarter. Parallel Advisors LLC boosted its stake in Flex by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the technology company’s stock worth $208,000 after purchasing an additional 181 shares during the period. Fred Alger Management LLC boosted its stake in Flex by 0.7% in the 4th quarter. Fred Alger Management LLC now owns 30,881 shares of the technology company’s stock worth $1,866,000 after purchasing an additional 210 shares during the period. Benjamin Edwards Inc. increased its holdings in Flex by 3.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,063 shares of the technology company’s stock worth $403,000 after purchasing an additional 257 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Flex by 0.4% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 67,766 shares of the technology company’s stock valued at $4,094,000 after purchasing an additional 280 shares during the period. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Flex Company Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.