•
Mar 31, 2022
Flex Q4 2022 Earnings Report
Flex reported fourth quarter and fiscal year 2022 results.
Key Takeaways
Flex announced record performance for the fiscal year 2022, driven by strong execution and dedication to customers. The company's Q4 results included net sales of $6.9 billion, GAAP operating income of $228 million, and GAAP earnings per share of $0.36.
Net sales for Q4 2022 reached $6.9 billion.
GAAP operating income for Q4 2022 was $228 million.
Adjusted net income for Q4 2022 was $244 million.
GAAP earnings per share for Q4 2022 was $0.36.
Flex
Flex
Forward Guidance
Flex provided guidance for the first quarter and full fiscal year 2023.
Positive Outlook
- Q1 2023 Revenue: $6.6 billion to $7.0 billion
- Q1 2023 GAAP Operating Income: $235 million to $265 million
- Q1 2023 Adjusted Operating Income: $285 million to $315 million
- Q1 2023 GAAP EPS: $0.33 to $0.39
- Q1 2023 Adjusted EPS: $0.44 to $0.50
Challenges Ahead
- FY 2023 Revenue: $27.7 billion to $28.7 billion
- FY 2023 GAAP EPS: $1.63 to $1.78
- FY 2023 Adjusted EPS: $2.09 to $2.24
- Q1 2023 Adjusted EPS excludes $0.06 for stock-based compensation expense.
- FY 2023 Adjusted EPS excludes $0.26 for stock-based compensation expense.