Flex (NASDAQ:FLEX) Releases Q2 2027 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its second quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.000-1.070 for the period, compared to the consensus estimate of 0.980. The company issued revenue guidance of $8.0 billion-$8.3 billion, compared to the consensus revenue estimate of $7.8 billion. Flex also updated its FY 2027 guidance to 4.420-4.740 EPS.

Wall Street Analyst Weigh In

FLEX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Flex from $75.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. The Goldman Sachs Group raised their price objective on shares of Flex from $84.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Robert W. Baird set a $165.00 target price on shares of Flex in a research note on Thursday, May 7th. Barclays raised their target price on Flex from $174.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Finally, Zacks Research downgraded Flex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Flex presently has an average rating of “Moderate Buy” and a consensus target price of $115.70.

Flex Price Performance

Shares of Flex stock traded down $10.07 on Wednesday, reaching $103.21. The stock had a trading volume of 4,684,576 shares, compared to its average volume of 5,181,405. The business’s 50 day moving average is $140.84 and its two-hundred day moving average is $98.96. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Flex has a 1 year low of $47.83 and a 1 year high of $166.86. The company has a market cap of $37.81 billion, a P/E ratio of 44.37, a price-to-earnings-growth ratio of 0.61 and a beta of 1.64.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. The firm had revenue of $7.93 billion during the quarter, compared to analyst estimates of $7.53 billion. Flex had a net margin of 3.15% and a return on equity of 22.12%. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. As a group, research analysts anticipate that Flex will post 4.18 EPS for the current year.

Insider Activity at Flex

In other Flex news, CAO Daniel Wendler sold 1,311 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $145.20, for a total value of $190,357.20. Following the completion of the sale, the chief accounting officer owned 37,932 shares in the company, valued at approximately $5,507,726.40. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Revathi Advaithi sold 39,188 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.18, for a total transaction of $5,689,313.84. Following the completion of the sale, the chief executive officer directly owned 584,278 shares in the company, valued at approximately $84,825,480.04. This trade represents a 6.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 769,195 shares of company stock worth $110,116,823 in the last three months. 0.62% of the stock is owned by insiders.

Trending Headlines about Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Strong quarterly beat: Flex reported adjusted EPS of $1.00, versus the $0.90 consensus estimate cited by analysts, while revenue reached $7.93 billion, above expectations of approximately $7.53 billion. EPS increased from $0.72 a year earlier, and sales rose 20.6% year over year. Flex Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Raised guidance exceeds estimates: Flex forecast second-quarter fiscal 2027 EPS of $1.00-$1.07 and revenue of $8.0-$8.3 billion, ahead of consensus estimates of $0.98 EPS and $7.8 billion revenue. Full-year EPS guidance of $4.42-$4.74 brackets the $4.46 consensus, while projected revenue of $33.7-$35.2 billion exceeds the $33.3 billion estimate.
• Positive Sentiment: Technical and analyst support: Zacks said the stock’s recent trading pattern formed a potential “hammer” signal, which can indicate support after a decline. The firm also cited upward earnings-estimate revisions as a possible catalyst for a near-term rebound. Flex Could Find Support Soon
• Neutral Sentiment: Planned spin-off advances: Flex named leadership teams for the company and SpinCo, its planned independent cloud and power infrastructure business. The separation is expected in the first calendar quarter of 2027 and could sharpen each company’s strategic focus, though it also introduces execution and transaction risks. Flex Announces Leadership Teams
• Negative Sentiment: Possible sell-the-news pressure: The strong results and outlook have not prevented a recent decline in FLEX shares. With the stock trading well above its 200-day average and at a relatively elevated earnings multiple, investors may be locking in gains or demanding further upside beyond the guidance increase.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in Flex by 57.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 457 shares of the technology company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Flex by 6,318.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 706 shares of the technology company’s stock valued at $43,000 after acquiring an additional 695 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of Flex by 168.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 841 shares of the technology company’s stock worth $51,000 after buying an additional 528 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Flex in the third quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC raised its stake in Flex by 63.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,646 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,031 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.