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FLEX · Q1 FY2027
Archived report (Q1 FY2027). Latest deep dive →
The quarter in brief
Revenue grew 20.6% y/y to $7.93B, operating margin 4.9% vs 4.7%, net income $285M (+48.4% y/y).
Net income
$285M
up 48.4% y/y
Net sales
$7,928M
up 20.6% y/y
Operating income
$392M
up 26.0% y/y
Gross profit
$747M
up 30.6% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $7,928 · +20.6% |
| Cost of sales | $7,177 · +19.9% |
| Restructuring charges | $4 · −75.0% |
| Gross profit | $747 · +30.6% · 9.4% margin |
| Selling, general and administrative expenses | $334 · +43.3% |
| Restructuring and impairment charges | $2 · vs −$7 |
| Intangible amortization | $23 · +9.5% |
| Operating income | $392 · +26.0% · 4.9% margin |
| Interest expense | $60 · +17.6% |
| Interest income | $13 · +0.0% |
| Other charges (income), net | $37 · vs −$7 |
| Equity in earnings (losses) of unconsolidated affiliates | $5 · −75.0% |
| Income before income taxes | $377 · +53.3% |
| Provision for income taxes | $92 · +70.4% · 24.4% effective rate |
| Net income | $285 · +48.4% · $0.76/sh · 3.6% margin |
Verdict: revenue grew 20.6% y/y to $7.93B, operating margin 4.9% vs 4.7%, net income $285M (+48.4% y/y).
Source and notation
Source: Flex press release, 8-K EX-99.1 of 07/29/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: FLEX, Q1 FY2027 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “FLEX Q1 FY2027: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/flex/q1-fy2027. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/flex/q1-fy2027"><img src="https://whoreportstoday.com/t/flex/q1-fy2027/sankey.png" alt="FLEX Q1 FY2027: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/flex/q1-fy2027">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/flex/q1-fy2027">FLEX Q1 FY2027 earnings chart (Who Reports Today)</a>
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- Gross margin was 9.4% vs 8.7% a year earlier.
- Operating income was $392M, a 4.9% margin vs 4.7% a year earlier.
- The effective tax rate was 24.4% vs 22.0% a year earlier.
- Diluted EPS was $0.76 vs $0.50 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
FLEX — a Singapore-incorporated contract manufacturer that designs, builds and delivers products for other companies and also sells its own power and cooling equipment.
It reports three segments: Integrated Technology Solutions (communications and lifestyle products), Regulated Manufacturing Solutions (industrial, automotive, healthcare) and Cloud and Power Infrastructure (data center compute, liquid cooling and power). · Source: annual report (Form 10-K, SEC)
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