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Dec 31, 2021

Flex Q3 2022 Earnings Report

Reported third quarter fiscal year 2022 results.

Key Takeaways

Flex reported net sales of $6.6 billion, GAAP operating income of $251 million, and GAAP net income of $227 million for the third quarter ended December 31, 2021.

Net Sales: $6.6 billion

GAAP Operating Income: $251 million

Adjusted Operating Income: $298 million

GAAP Net Income: $227 million

Total Revenue
$6.62B
Previous year: $6.72B
-1.5%
EPS
$0.5
Previous year: $0.49
+2.0%
Gross Profit
$491M
Previous year: $479M
+2.5%
Cash and Equivalents
$2.57B
Previous year: $2.61B
-1.4%
Free Cash Flow
$27M
Previous year: $272M
-90.1%
Total Assets
$18.2B
Previous year: $15.7B
+16.0%

Flex

Flex

Forward Guidance

Flex provides revenue guidance of $6.2 billion to $6.6 billion and GAAP EPS of $0.32 to $0.37 for the fourth quarter of fiscal year 2022.