NASDAQ$FLEX

Flex Ltd · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Flex reported solid first quarter fiscal 2025 results with year-over-year margin expansion and EPS growth.

Flex announced its first quarter fiscal year 2025 results, with net sales of $6.3 billion and GAAP operating income of $233 million.

  • Net sales were $6.3 billion.
  • GAAP operating income was $233 million.
  • Adjusted operating income was $306 million.
  • GAAP earnings per share was $0.34.

Headline financials

Total Revenue

$6.31B

Previous: $7.34B-13.9%
EPS

$0.34

Previous: $0.57-40.4%
Adjusted Operating Income

$306M

No prior period
Adjusted Net Income

$211M

No prior period
Capital Expenditures

-$111M

Previous: -$167M+33.5%
Free Cash Flow

$28M

Previous: $19M+47.4%
Net Income

$139M

Previous: $186M-25.3%
Operating Income

$233M

Previous: $291M-19.9%
Gross Profit

$471M

Previous: $587M-19.8%
Cash & Equivalents

$2.24B

Previous: $2.66B-15.7%
Total Assets

$17.7B

Previous: $20.9B-15.3%

Revenue & EPS history

Flex · Revenue · Quarterly

$6.31B

Q1 2025-13.9%vs Q1 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Flex provided guidance for the second quarter of fiscal year 2025, expecting revenue between $6.2 billion and $6.8 billion and GAAP EPS between $0.40 and $0.48.

Tailwinds

  • Revenue: $6.2 billion to $6.8 billion
  • GAAP Operating Income: $257 million to $297 million
  • Adjusted Operating Income: $310 million to $350 million
  • GAAP EPS: $0.40 to $0.48
  • Adjusted EPS: $0.52 to $0.60

Headwinds

  • Excludes $0.08 for stock-based compensation expense
  • Excludes $0.03 for net intangible amortization
  • Excludes $0.01 for net restructuring charges
  • Revenue: $25.4 billion to $26.4 billion
  • GAAP EPS: $1.60 to $1.80

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.2%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+6.0%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+36.8%

Q4 2026

Best reaction

-35.0%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+36.8%+54.9%+73.6%
Q3 2026-8.4%+0.1%-9.2%
Q2 2026+2.9%-0.6%-8.0%
Q1 2026-0.4%-2.7%+15.3%
Q4 2025+3.3%+11.2%+17.1%
Q3 2025+2.3%-0.2%-6.7%
Q2 2025+0.0%+1.5%+12.4%
Q1 2025+4.1%+7.0%+10.8%
Q4 2024-4.3%+1.9%+15.6%
Q3 2024+4.2%+2.2%+20.7%
Q2 2024+8.1%+7.3%+10.7%
Q1 2024-5.0%-3.7%-8.0%
Q4 2023+9.9%+12.8%+25.9%
Q3 2023-2.5%-6.2%-5.3%
Q2 2023+2.4%+5.4%+11.9%
Q1 2023+8.0%+9.4%+19.4%
Q4 2022-0.2%-5.6%-1.3%
Q3 2022-1.6%+1.4%+5.1%
Q2 2022-8.4%-5.7%-6.2%
Q1 2022+6.0%+4.5%+10.4%
Q4 2021+7.4%+8.1%+11.6%
Q3 2021+2.0%+7.1%+5.1%
Q2 2021+6.2%+6.2%+24.2%
Q1 2021+3.9%+2.9%-1.8%
Q4 2020+13.1%+9.7%+32.5%
Q3 2020+0.5%+1.7%-15.1%
Q2 2020+13.3%+15.3%+14.9%
Q1 2020+9.2%+11.2%-5.8%
Q4 2019+5.8%+4.7%-14.1%
Q3 2019+8.5%+6.2%+17.5%
Q2 2019-35.0%-29.4%-24.3%
Q1 2019-6.0%-6.9%-7.3%
Q4 2018-21.5%-17.5%-15.7%
Q3 2018+2.1%-3.7%-5.2%
Q2 2018+2.0%+1.0%+8.3%
Q1 2018-4.1%-4.1%-7.4%
Q4 2017-3.8%-3.5%+5.5%
Q3 2017+5.8%+3.6%+10.6%
Q2 2017+5.7%+2.8%+6.0%
Q1 2017-1.9%-2.8%-2.8%
Q4 2016-2.2%
Q3 2016+9.3%
Q2 2016+4.4%
Q1 2016-0.2%
Q4 2015-5.3%
Q3 2015+6.6%
Q2 2015+4.7%
Q1 2015-3.8%
Q4 2014+3.4%
Q3 2014+8.1%
Q2 2014-12.4%
Q1 2014+3.6%
Q4 2013-2.0%
Q3 2013-3.0%
Q2 2013-5.1%
Q1 2013+4.8%
Q4 2012-0.9%
Q3 2012+0.7%
Q2 2012-1.2%
Q1 2012+2.0%
Q4 2008-0.1%
Q4 2011-0.1%
Q3 2011-0.2%
Q2 2011+2.3%
Q1 2011+0.0%
Q4 2010-0.3%
Q3 2009+4.6%
Q3 2010+4.6%
Q2 2010+4.5%
Q1 2009-2.2%
Q2 2009-2.2%
Q1 2010-2.2%
Q4 2009-2.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro