Flex raises fiscal 2027 EPS outlook after first-quarter sales rise 21% to $7.9 billion
Flex reported first-quarter fiscal 2027 net sales of $7.9 billion, up 21% from a year earlier, with GAAP diluted EPS of $0.76 versus $0.50 and adjusted EPS of $1.00 versus $0.72. The company raised its full-year fiscal 2027 guidance, with adjusted EPS now expected at $4.42 to $4.74 compared with the prior $4.21 to $4.51, while free cash flow fell to $41 million from $268 million.
Key points
- Q1 net sales were $7.9 billion, up 21%; GAAP net income was $285 million and adjusted net income was $374 million.
- Full-year fiscal 2027 net sales guidance rose to $33.7 billion to $35.2 billion from $32.3 billion to $33.8 billion.
- Full-year adjusted EPS guidance rose to $4.42 to $4.74 from $4.21 to $4.51; the guidance excludes the planned spin-off of the Cloud and Power Infrastructure segment.
- Q1 free cash flow was $41 million, down from $268 million a year earlier, and included $24 million of separation costs tied to the spin-off.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
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