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Oct 01, 2021

Flex Q2 2022 Earnings Report

Flex reported strong results with year-over-year revenue growth in Agility and Reliability segments, as well as EPS and margin expansion.

Key Takeaways

Flex announced its second quarter fiscal year 2022 results, achieving revenue of $6.2 billion and GAAP earnings per share of $0.69, which includes $0.30 non-cash income related to a favorable operational tax ruling.

Net Sales: $6.2 billion

GAAP Operating Income: $237 million

Adjusted Operating Income: $286 million

GAAP Net Income: $336 million

Total Revenue
$6.23B
Previous year: $5.99B
+4.1%
EPS
$0.48
Previous year: $0.36
+33.3%
Gross Profit
$465M
Previous year: $395M
+17.7%
Cash and Equivalents
$2.46B
Previous year: $2.36B
+4.2%
Free Cash Flow
$88M
Previous year: $189M
-53.4%
Total Assets
$16.7B
Previous year: $15B
+11.4%

Flex

Flex

Forward Guidance

Flex provided guidance for the third quarter of fiscal year 2022, including revenue between $6.1 billion and $6.5 billion, GAAP EPS between $0.30 and $0.36, and adjusted EPS between $0.38 and $0.44.