Flex (NASDAQ: FLEX) has reported its third-quarter fiscal 2026 results, showing a significant increase in net sales. The company reported net sales of $7.1 billion, marking an 8% increase from the prior year. This figure surpassed their guidance, indicating a strong performance in this period.
The company reported a record GAAP operating margin of 5.5% and a record adjusted operating margin of 6.5%. This marks the fifth consecutive quarter with an adjusted operating margin of 6% or greater, showcasing consistent strong performance in this area.
In terms of earnings per share (EPS), Flex reported a GAAP EPS of $0.64 and a record adjusted EPS of $0.87. The adjusted EPS figure reflects a substantial increase from the previous period, signaling strong financial performance.
Looking ahead, Flex raised its full-year net sales, adjusted operating margin, and adjusted EPS guidance, indicating confidence in its future performance. The company also provided updated guidance for the fourth quarter of fiscal year 2026, with expected growth in net sales and adjusted EPS.
For the fiscal year 2026, Flex updated its guidance, projecting a growth of 6% at the midpoint for net sales and 22% at the midpoint for adjusted EPS. This demonstrates a positive outlook for the company's overall financial performance for the year.
The company also highlighted its position as a strategic enabler for its customers, particularly in navigating complex and dynamic environments, which reflects its confidence in its ability to continue delivering value to its clients.
Flex's strong performance in the third quarter and its positive outlook for the remainder of the fiscal year position the company for continued success in the market. Today the company's shares have moved -2.64% to a price of $64.83. If you want to know more, read the company's complete 8-K report here.
