FLEX

EX-99.1

2 flexex991-6262026.htm

EX-99.1

Document

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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flex-202602040000866374falseSG00008663742026-02-042026-02-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 4, 2026

FLEX LTD.

(Exact Name of Registrant as Specified in Its Charter) Singapore0-2335498-1773351 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.) 12515-8 Research Blvd, Suite 300, Austin, Texas 78759 (Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (512) 425-7929 Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Ordinary Shares, No Par Value

FLEX

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 4, 2026, Flex Ltd. issued a press release announcing its financial results for its third quarter ended December 31, 2025. A copy of the press release is furnished with this report as Exhibit 99.1.

The information in this Current Report on Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits

Exhibit No. 99.1 Press release, dated February 4, 2026, issued by Flex Ltd.

104Cover Page Interactive Data File (formatted as Inline XBRL)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FLEX LTD.

Date: February 4, 2026

By:/s/ Kevin Krumm Name:Kevin Krumm Title:Chief Financial Officer

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