NASDAQ$FLEX
Flex Ltd · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Flex reported strong execution in the third quarter of fiscal year 2024.
Flex announced its Q3 fiscal year 2024 results, with net sales of $7.1 billion and GAAP operating income of $348 million. The company continues to deliver on its commitments and is well-positioned in markets with strong, long-term secular drivers.
- Net sales were $7.1 billion.
- GAAP operating income was $348 million.
- GAAP net income attributable to Flex Ltd was $197 million.
- GAAP earnings per share was $0.45.
Headline financials
Revenue & EPS history
Flex · Revenue · Quarterly
$7.1B
Forward guidance
Fourth quarter FY24 guidance excludes Flex’s 51.47% economic interest in Nextracker, which reflects the January 2, 2024 spin-off of all of Flex's remaining interest in Nextracker.
Tailwinds
- Revenue: $5.8 billion to $6.4 billion
- GAAP Operating Income: $252 million to $302 million
- Adjusted Operating Income: $305 million to $355 million
- GAAP EPS: $0.38 to $0.48
- Adjusted EPS: $0.50 to $0.60 which excludes $0.07 for stock-based compensation expense, $0.03 for net intangible amortization, and $0.02 for net restructuring charges.
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 Q3 2024
+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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