NASDAQ$FLEX
Flex Ltd · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Flex's Q2 fiscal 2021 results were reported, demonstrating solid execution and exceeding previous expectations.
Flex reported solid Q2 fiscal 2021 results with net sales of $6.0 billion, GAAP net income of $113 million, and adjusted EPS of $0.36, exceeding previous expectations due to improved demand across various end markets.
- Net sales reached $6.0 billion.
- GAAP net income was reported at $113 million.
- Adjusted operating income totaled $247 million.
- Adjusted earnings per share came in at $0.36.
Headline financials
Revenue & EPS history
Flex · Revenue · Quarterly
$5.99B
Forward guidance
Flex provided guidance for Q3 fiscal 2021, expecting revenue between $6.0 billion and $6.4 billion and adjusted EPS between $0.34 and $0.40.
Tailwinds
- Revenue: $6.0 billion to $6.4 billion
- GAAP Income Before Income Taxes: $125 million to 160 million
- Adjusted Operating Income: $235 million to $275 million
- GAAP EPS: $0.21 to $0.27
- Adjusted EPS: $0.34 to $0.40
Headwinds
- GAAP EPS includes $0.08 for stock-based compensation expense and net intangible amortization.
- GAAP EPS includes $0.05 for estimated restructuring and other charges.
- Uncertainty in macroeconomic environment.
- Potential impact of component shortages on revenues.
- Geopolitical risks including changes in international trade agreements and policies.
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 Q2 2021
+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
| Quarter | Report date | Reaction (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% | — | — |
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