Flex's first quarter fiscal 2027 revenue surged 21% to $7.9 billion, prompting a full-year guidance raise.

Flex reported first quarter fiscal 2027 revenue of $7.93 billion, a 21% year-over-year increase, and a record adjusted EPS of $1.00. The results beat analyst expectations, leading the company to raise its full-year guidance.

Key Highlights

• Raised full-year fiscal 2027 guidance to revenue of $33.7-$35.2 billion and adjusted EPS of $4.42-$4.74.
• Adjusted EPS grew 39% year-over-year to $1.00, with adjusted operating margin expanding to 6.7% from 6.0% in the prior-year period.
• Issued strong second quarter guidance with revenue expected to grow 19% and adjusted EPS to grow 32% at the respective midpoints.