Flex Ltd. FLEX reported second-quarter fiscal 2027 adjusted earnings of $1.18 per share, up 49.4% year over year. The figure beat the Zacks Consensus Estimate of $1.05 by 12.38%. Revenues increased 24.8% year over year to $8.49 billion, surpassing the consensus mark of $8.18 billion by 3.85%. Strong AI-related demand across Cloud and Power Infrastructure (CPI), along with growth in high-value markets, supported the results. Adjusted operating margin expanded 110 basis points (bps) to 7.1%. Shares of the company gained around 8% in the pre-market trading session today. In the past year, the stock has rallied 26.1% compared with the Zacks Electronics - Miscellaneous Products industry's growth of 9.9%.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.