Flex (NASDAQ:FLEX) Updates Q2 2027 Earnings Guidance

Flex (NASDAQ:FLEX) updated its second quarter 2027 earnings guidance on Wednesday. The company provided EPS guidance of 1.000-1.070 for the period, compared to the consensus EPS 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 Analysts Forecast Growth

FLEX has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $154.00 price objective on shares of Flex in a report on Thursday. JPMorgan Chase & Co. increased their price target on Flex from $75.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Raymond James Financial set a $170.00 price target on Flex and gave the company an “outperform” rating in a report on Wednesday. Freedom Capital upgraded Flex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Stifel Nicolaus boosted their price objective on Flex from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.20.

Flex Trading Up 7.1%

FLEX traded up $7.28 during mid-day trading on Thursday, reaching $110.30. The stock had a trading volume of 3,890,230 shares, compared to its average volume of 5,210,516. The firm’s fifty day simple moving average is $140.27 and its two-hundred day simple moving average is $99.27. The stock has a market capitalization of $40.41 billion, a P/E ratio of 47.34, a P/E/G ratio of 0.59 and a beta of 1.64. Flex has a 52 week low of $47.83 and a 52 week high of $166.86. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. The business had revenue of $7.93 billion for the quarter, compared to analyst estimates of $7.53 billion. Flex had a return on equity of 22.12% and a net margin of 3.15%.The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. On average, equities analysts predict that Flex will post 4.18 EPS for the current year.

Insider Activity

In other news, insider Michael P. Hartung sold 7,269 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.22, for a total value of $1,055,604.18. Following the transaction, the insider owned 245,930 shares of the company’s stock, valued at $35,713,954.60. This represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 Flex stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $145.18, for a total value of $5,689,313.84. Following the sale, the chief executive officer directly owned 584,278 shares of the company’s stock, valued at approximately $84,825,480.04. This trade represents a 6.29% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 769,195 shares of company stock worth $110,116,823. Corporate insiders own 0.62% of the company’s stock.

Key Flex News

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Flex reported fiscal Q1 earnings of $1.00 per share, above the $0.90 analyst consensus, while revenue rose 20.6% year over year to $7.93 billion, exceeding estimates of $7.53 billion. Adjusted operating margin reached 6.7%. Flex fiscal first-quarter results
• Positive Sentiment: Management raised its fiscal 2027 outlook, forecasting revenue of $33.7 billion to $35.2 billion versus a $33.3 billion consensus. Fiscal-year EPS guidance of $4.42 to $4.74 also brackets a midpoint above current analyst expectations, while second-quarter guidance exceeded consensus for both revenue and EPS. Flex earnings beat and raised outlook
• Positive Sentiment: The earnings call highlighted stronger demand for AI infrastructure, including data-center power, cooling and related solutions. Growth in Flex’s Cloud and Power Infrastructure business is supporting the improved outlook and strengthening the company’s position in the AI supply chain. Flex earnings call AI infrastructure growth
• Neutral Sentiment: Flex announced leadership teams for its planned spin-off of Cloud and Power Infrastructure into a separately traded company, “SpinCo,” expected in the first calendar quarter of 2027. The transaction could unlock value, but execution and separation risks remain. Flex SpinCo leadership announcement
• Negative Sentiment: The shares initially declined sharply after the results despite the earnings beat, indicating that elevated expectations, valuation concerns or profit-taking may still be limiting the immediate upside. Flex shares decline after earnings

Hedge Funds Weigh In On Flex

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

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.