FLEX

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P R E S S R E L E A S E    EXHIBIT 99.1

FLEX REPORTS SECOND QUARTER FISCAL 2027 RESULTS

•Reported Q2 net sales of $8.5 billion, up 25% versus the prior year.

•Delivered Q2 GAAP operating margin of 4.9%, and adjusted operating margin of 7.1%.

•Reported Q2 GAAP EPS of $0.70, and record adjusted EPS of $1.18.

Austin, Texas, October 28, 2026 – Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 25, 2026.

"We continue to execute from a position of strength while advancing our planned spin-off of our Cloud and Power Infrastructure segment. Our acquisition of EPC Power further completes our end-to-end Power portfolio and will be immediately accretive in fiscal 2027, while the unveiling of the Axiom name and anticipated leadership marks another important step toward creating two focused companies positioned for long-term success,” said Revathi Advaithi, CEO of Flex.

Second Quarter Fiscal Year 2027 GAAP Summary:

•Net Sales: $8.5 billion

•GAAP Operating Income: $414 million

•GAAP Net Income: $263 million

•GAAP Earnings Per Share: $0.70

•Cash provided by Operating Activities: $501 million

Second Quarter Fiscal Year 2027 Non-GAAP Summary:

•Adjusted Operating Income: $607 million

•Adjusted Net Income: $443 million

•Adjusted Earnings Per Share: $1.18

•Free Cash Flow: $261 million

An explanation and reconciliation of GAAP financial measures to non-GAAP financial measures is presented in Schedules II and V attached to this press release.

Third Quarter Fiscal Year 2027 Guidance:

•Net Sales: $8.87 billion to $9.17 billion, growth of 28% at the midpoint

•Adjusted Operating Income: $685 million to $715 million*

•Adjusted EPS: $1.19 to $1.25*, growth of 40% at the midpoint

•Interest & Other: approximately $120 million

•Adjusted income tax rate: 21%*

•Weighted average shares outstanding: approximately 375 million

Updated Fiscal Year 2027 Guidance†:

•Net Sales: $34.9 billion to $35.9 billion, growth of 27% at the midpoint

•Adjusted Operating Margin: 7.6% to 7.8%*

•Adjusted EPS: $4.84 to $5.16*, growth of 52% at the midpoint

•Adjusted income tax rate: 21%*

P R E S S R E L E A S E

Fiscal Year 2027 Guidance

Prior

Updated

CPIRMS + ITS

Net Sales $33.7 - $35.2 billion

$34.9 - $35.9 billion +75% - 85% +8% - 11%

Adjusted Operating Margin*

7.0% - 7.2%

7.6% - 7.8% 11.5% - 11.7%5.9% - 6.1%

Adjusted EPS*

$4.42 - $4.74

$4.84 - $5.16

*This is a forward-looking non-GAAP financial measure that cannot be reconciled to its equivalent GAAP financial measure without unreasonable effort for the reasons set forth in Schedule V attached to this press release.

†Reflects expected results for the full fiscal year and does not give effect to the planned spin-off of the Cloud and Power Infrastructure segment. Includes contributions from recent acquisitions closed subsequent to September 25, 2026.

Webcast and Conference Call

The Flex management team will host a conference call today, October 28, 2026, at 7:30 AM (CT) / 8:30 AM (ET), to review second quarter fiscal 2027 results. A live webcast of the event and slides will be available on the Flex Investor Relations website at http://investors.flex.com. An audio replay and transcript will also be available after the event on the Flex Investor Relations website.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.

Contacts

Investors & Analysts

Michelle Simmons

Senior Vice President, Global Investor Relations and Public Relations

(669) 242-6332

Michelle.Simmons@flex.com

Media & Press

press@flex.com

P R E S S R E L E A S E

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to our future financial results and our guidance for future financial performance (including expected revenues, operating income, margins and earnings per share). These forward-looking statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause the actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These risks include: that we may not achieve our expected future operating results; risks related to our ability to successfully execute our strategic priorities, includin

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P R E S S R E L E A S E    EXHIBIT 99.1

FLEX REPORTS FIRST QUARTER FISCAL 2027 RESULTS

•Reported Q1 net sales of $7.9 billion, up 21% versus the prior year.

•Delivered Q1 GAAP operating margin of 4.9%, and adjusted operating margin of 6.7%.

•Reported Q1 GAAP EPS of $0.76, and record adjusted EPS of $1.00.

•Announced Investor Day date of November 10th, 2026.

Austin, Texas, July 29, 2026 – Flex (NASDAQ: FLEX) today announced results for its first quarter ended June 26, 2026.

"This quarter reflects the continued execution of the strategy we've advanced over the last several years. From joining the S&P 500 to expanding our role in AI infrastructure, we've strengthened our position in attractive growth markets. Looking ahead, we're confident both Flex and SpinCo have the leadership, capabilities, and focus to capitalize on the significant opportunities in front of them," said Revathi Advaithi, CEO of Flex.

First Quarter Fiscal Year 2027 GAAP Summary:

•Net Sales: $7.9 billion

•GAAP Operating Income: $392 million

•GAAP Net Income: $285 million

•GAAP Earnings Per Share: $0.76

•Cash provided by Operating Activities: $276 million

First Quarter Fiscal Year 2027 Non-GAAP Summary:

•Adjusted Operating Income: $534 million

•Adjusted Net Income: $374 million

•Adjusted Earnings Per Share: $1.00

•Free Cash Flow: $41 million

An explanation and reconciliation of GAAP financial measures to non-GAAP financial measures is presented in Schedules II and V attached to this press release.

Second Quarter Fiscal Year 2027 Guidance:

•Net Sales: $7.95 billion to $8.25 billion, growth of 19% at the midpoint

•Adjusted Operating Income: $535 million to $565 million*

•Adjusted EPS: $1.00 to $1.07*, growth of 32% at the midpoint

•Interest & Other: approximately $58 million

•Adjusted income tax rate: 21%*

•Weighted average shares outstanding: approximately 375 million

Updated Fiscal Year 2027 Guidance†:

•Net Sales: $33.7 billion to $35.2 billion, growth of 23% at the midpoint

•Adjusted Operating Margin: 7.0% to 7.2%*

•Adjusted EPS: $4.42 to $4.74*, growth of 39% at the midpoint

•Adjusted income tax rate: 21%*

P R E S S R E L E A S E

Fiscal Year 2027 Guidance

Prior

Updated

Net Sales $32.3 - $33.8 billion

$33.7 - $35.2 billion

Adjusted Operating Margin*

7.0% - 7.1%

7.0% - 7.2%

Adjusted EPS*

$4.21 - $4.51

$4.42 - $4.74

*This is a forward-looking non-GAAP financial measure that cannot be reconciled to its equivalent GAAP financial measure without unreasonable effort for the reasons set forth in Schedule V attached to this press release.

†Reflects expected results for the full fiscal year and does not give effect to the planned spin-off of the Cloud and Power Infrastructure segment

Webcast and Conference Call

The Flex management team will host a conference call today, July 29, 2026, at 7:30 AM (CT) / 8:30 AM (ET), to review first quarter fiscal 2027 results. A live webcast of the event and slides will be available on the Flex Investor Relations website at http://investors.flex.com. An audio replay and transcript will also be available after the event on the Flex Investor Relations website.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.

Contacts

Investors & Analysts

Michelle Simmons

Senior Vice President, Global Investor Relations and Public Relations

(669) 242-6332

Michelle.Simmons@flex.com

Media & Press

press@flex.com

P R E S S R E L E A S E

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to our future financial results and our guidance for future financial performance (including expected revenues, operating income, margins and earnings per share). These forward-looking statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause the actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These risks include: that we may not achieve our expected future operating results; risks related to our ability to successfully execute our strategic priorities, including the planned spin-off of our Cloud and Power Infrastructure segment into an independent, publicly traded company, and to achieve the anticip

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