Q2 2026 Flex Ltd Earnings Call Transcript
Key Points
- Flex Ltd (FLEX) reported a revenue of $6.8 billion for the second quarter, marking a 4% increase year over year.
- The company achieved an operating margin of 6%, maintaining this level for the fourth consecutive quarter.
- Adjusted EPS reached $0.79, a 23% increase from the previous year, setting a new record for the company.
- Flex Ltd (FLEX) anticipates its data center revenue to grow at least 35% this year, driven by strong demand in cloud and power sectors.
- The company has raised its full-year revenue guidance by $500 million, reflecting confidence in continued growth across key segments.
- The Mukachevo facility in Ukraine was damaged during a missile strike, impacting operations and contributing to a revenue headwind.
- The automotive segment continues to face pressure, although there are signs of stabilization compared to previous quarters.
- The company faces ongoing challenges from tariffs and unfavorable foreign exchange impacts.
- There is a temporary loss of operations at the Mukachevo facility, affecting the lifestyle segment.
- Despite strong performance, the company did not update its quarterly guidance for data center revenues, maintaining the full-year outlook instead.
Thank you for standing by. Welcome to Flex's second quarter fiscal 2026 earnings conference call. (Operator Instructions). I'll now turn the call over to Mrs. Michelle Simmons. You may begin.
Thank you, Kevin. Good morning and thank you for joining us today for Flex's second quarter fiscal 2026 earnings conference call. With me today is our Chief Executive Officer Revathi Advaithi and Chief Financial Officer Kevin Krumm. We'll give brief remarks followed by Q&A. Slides for today's call, as well as a copy of the earnings press release, are available on the investor relations section at flex.com.
This call is being recorded and will be available for replay on our corporate website. Today's call contains forward-looking statements which are based on our current expectations and assumptions. These statements involve risks and uncertainties that could cause actual results to differ materially.
For a full discussion of these risks and uncertainties,
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