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Dec 31, 2020
Flex Q3 2021 Earnings Report
Flex's Q3 2021 performance exceeded expectations, driven by robust demand and disciplined execution, resulting in record adjusted operating margin and EPS.
Key Takeaways
Flex reported strong third-quarter fiscal year 2021 results, exceeding prior expectations with solid revenue growth and record adjusted operating margin and EPS. The company is also reviewing alternatives for its NEXTracker business.
Net sales reached $6.7 billion.
GAAP income before income taxes was $233 million.
Adjusted operating income was $311 million.
GAAP earnings per share was $0.41; adjusted earnings per share was $0.49.
Flex
Flex
Forward Guidance
For the fourth quarter of fiscal year 2021, Flex expects revenue between $5.6 billion and $6.0 billion, GAAP EPS between $0.24 and $0.30, and adjusted EPS between $0.32 and $0.38.