NASDAQ$FLEX

Flex Ltd · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Flex reported strong results with year-over-year revenue growth in Agility and Reliability segments, as well as EPS and margin expansion.

Flex announced its second quarter fiscal year 2022 results, achieving revenue of $6.2 billion and GAAP earnings per share of $0.69, which includes $0.30 non-cash income related to a favorable operational tax ruling.

  • Net Sales: $6.2 billion
  • GAAP Operating Income: $237 million
  • Adjusted Operating Income: $286 million
  • GAAP Net Income: $336 million

Headline financials

Total Revenue

$6.23B

Previous: $5.99B+4.1%
EPS (adj)

$0.48

Previous: $0.36+33.3%
Capital Expenditures

-$210M

Previous: -$185M-13.5%
Free Cash Flow

$126M

Previous: -$72M+275.0%
Net Income

$336M

Previous: $113M+197.3%
Operating Income

$237M

Previous: $148M+60.6%
Gross Profit

$465M

Previous: $395M+17.7%
Cash & Equivalents

$2.46B

Previous: $2.36B+4.2%
Total Assets

$16.7B

Previous: $15B+11.4%

Revenue & EPS history

Flex · Revenue · Quarterly

$6.23B

Q2 2022+4.1%vs Q2 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Flex provided guidance for the third quarter of fiscal year 2022, including revenue between $6.1 billion and $6.5 billion, GAAP EPS between $0.30 and $0.36, and adjusted EPS between $0.38 and $0.44.

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 2022

Historical avgQ2 2022

+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%

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