Q3 2026 Flex Ltd Earnings Call Transcript
Key Points
- Flex Ltd (FLEX) reported a strong quarter with revenue of $7.1 billion, up 8% year-over-year, and an adjusted operating margin of 6.5%, marking another quarter above 6%.
- The company achieved a record adjusted EPS of $0.87, up 13% year-over-year, reflecting the strength of its differentiated business model.
- Flex Ltd (FLEX) is experiencing robust growth in its Data Center segment, driven by expanding computer and AI workloads, and has announced significant partnerships with NVIDIA and LG.
- The company is seeing strong demand in its Health Solutions and Core Industrial segments, with growth in medical devices, warehouse automation, and robotics.
- Flex Ltd (FLEX) is strategically expanding its global footprint and investing in advanced technologies, positioning itself as a strategic enabler for leading brands across various industries.
- The Agility segment experienced some offset in growth due to softness in consumer-related end markets, impacting overall performance.
- Despite strong growth in Data Centers, the company faces challenges in maintaining momentum in consumer devices and lifestyle segments.
- Flex Ltd (FLEX) anticipates the need for continued investment in Compute capacity to handle the growing demand from AI programs, which may impact short-term financials.
- The company is managing inventory levels carefully, with inventory up 5% sequentially and year-over-year, which could pose a risk if demand fluctuates.
- Flex Ltd (FLEX) faces competitive pressures in its Power business, particularly in the Critical Power segment, where schedule management and innovation are key differentiators.
Thank you for standing by. Welcome to Flex's third-quarter fiscal year 2026 earnings conference call. (Operator Instructions) As a reminder, this call is being recorded.
I will now turn the call over to Ms. Michelle Simmons. You may begin.
Thank you, Rob. Good morning, and thank you for joining us today for Flex's third-quarter fiscal 2026 earnings conference call.
With me today is our Chief Executive Officer, Revathi Advaithi; and Chief Financial Officer, Kevin Krumm, will 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 current expectations and assumptions. These statements involve risks and uncertainties that could cause actual results to differ materially. For a full
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
