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Jul 02, 2021
Flex Q1 2022 Earnings Report
Reported strong first quarter performance exceeding prior expectations due to broad-based demand across portfolio and solid execution, delivering record Q1 adjusted operating margin and EPS.
Key Takeaways
Flex's first quarter fiscal year 2022 results showed net sales of $6.3 billion, GAAP net income of $206 million, and adjusted earnings per share of $0.46. The company exceeded expectations due to broad-based demand and solid execution.
Net Sales: $6.3 billion
GAAP Income Before Income Taxes: $233 million
Adjusted Operating Income: $290 million
GAAP Net Income: $206 million
Forward Guidance
Flex provided guidance for the second quarter of fiscal year 2022 and updated guidance for the full fiscal year 2022.
Positive Outlook
- Revenue: $6.1 billion to $6.5 billion (Q2 2022)
- GAAP Income Before Income Taxes: $175 million to $210 million (Q2 2022)
- Adjusted Operating Income: $250 million to $290 million (Q2 2022)
- GAAP EPS: $0.29 to $0.35 (Q2 2022)
- Adjusted EPS: $0.37 to $0.43 (Q2 2022)
Historical Earnings Impact
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Avg. Return Before/After Earnings
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