NASDAQ$FLEX
Flex Ltd · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Flex reported strong Q4 and Fiscal Year 2023 results, demonstrating revenue growth and progress towards strategic goals.
Flex announced its Q4 and Fiscal Year 2023 results, with Q4 net sales reaching $7.5 billion and GAAP EPS at $0.31. The company's performance reflects its ability to navigate the current environment and advance its long-term strategic objectives.
- Net sales for Q4 reached $7.5 billion.
- GAAP operating income was $266 million.
- GAAP net income attributable to Flex Ltd. was $142 million.
- Adjusted EPS was $0.57, including a $0.03 impact from Nextracker IPO noncontrolling interest expense.
Headline financials
Revenue & EPS history
Flex · Revenue · Quarterly
$7.48B
Forward guidance
For the first quarter of fiscal year 2024, Flex projects revenue between $7.0 billion and $7.5 billion, GAAP EPS between $0.35 and $0.41, and adjusted EPS between $0.47 and $0.53. For fiscal year 2024, the company anticipates revenue between $30.5 billion and $31.5 billion, and GAAP EPS between $1.90 and $2.10.
Tailwinds
- Revenue: $7.0 billion to $7.5 billion
- GAAP Operating Income: $258 million to $288 million
- Adjusted Operating Income: $320 million to $350 million
- GAAP EPS: $0.35 to $0.41
- Adjusted EPS: $0.47 to $0.53
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 Q4 2023
+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% | — | — |
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