Flex Updates FY25 Guidance - Update

Flextronics International

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Flex (FLEX) said the company now expects fiscal 2025 revenue in a range of $24.9 billion to $25.5 billion, GAAP EPS of $1.77 to $1.89, and adjusted EPS in a range of $2.39 to $2.51. In July, the company projected fiscal 2025 revenue in a range of $25.4 billion to $26.4 billion, GAAP EPS of $1.60 to $1.80; and adjusted EPS of $2.30 to $2.50.

For the third quarter, the company projects: revenue in a range of $6.0 billion to $6.4 billion; EPS in a range of $0.42 to $0.48; and adjusted EPS in a range of $0.60 to $0.66.

Q2 Results:

Bottom line totaled $214 million, or $0.54 per share. This compares with $228 million, or $0.51 per share, in last year's second quarter. Flex reported adjusted earnings per share of $0.64 compared to $0.57. The company's revenue for the quarter fell 5.6% to $6.55 billion from $6.93 billion last year.

Shares of Flex are down 7% in pre-market trade on Wednesday.

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