Flex (NASDAQ:FLEX) Issues FY 2027 Earnings Guidance

Key Points

• Flex issued FY2027 guidance of EPS $4.21–$4.51 and revenue $32.3–$33.8B, well above consensus estimates of $3.60 EPS and $29.2B revenue, and guided Q1 2027 EPS to $0.86–$0.92.
• The company announced a tax‑free spin‑off of its Cloud & Power Infrastructure segment ("SpinCo") and closed the EP² acquisition to bolster data‑center power/thermal capabilities, sharpening its AI/data‑center growth thesis.
• The stock jumped about 5% to $96.45 on the news, and several analysts raised price targets (e.g., JPMorgan to $84, Stifel to $95), leaving an average analyst rating of Moderate Buy with a $72.30 average price target.

Flex (NASDAQ:FLEX - Get Free Report) updated its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 4.210-4.510 for the period, compared to the consensus EPS estimate of 3.600. The company issued revenue guidance of $32.3 billion-$33.8 billion, compared to the consensus revenue estimate of $29.2 billion. Flex also updated its Q1 2027 guidance to 0.860-0.920 EPS.

Analysts Set New Price Targets

A number of research firms recently commented on FLEX. JPMorgan Chase & Co. lifted their price target on Flex from $75.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, April 16th. Wall Street Zen cut Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Robert W. Baird started coverage on Flex in a research report on Thursday, March 12th. They issued an "outperform" rating and a $70.00 price objective for the company. Stifel Nicolaus boosted their price objective on Flex from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Finally, Barclays lifted their price target on Flex from $71.00 to $72.00 and gave the stock an "overweight" rating in a research note on Thursday, February 5th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Flex presently has an average rating of "Moderate Buy" and an average price target of $72.30.

Flex Trading Up 5.0%

NASDAQ FLEX traded up $4.61 on Tuesday, reaching $96.45. 9,363,183 shares of the company were exchanged, compared to its average volume of 3,707,682. The business's fifty day moving average price is $71.65 and its 200 day moving average price is $66.02. The stock has a market capitalization of $35.46 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. Flex has a fifty-two week low of $34.94 and a fifty-two week high of $96.58.

Flex (NASDAQ:FLEX - Get Free Report) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. Flex had a return on equity of 20.99% and a net margin of 3.17%.The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same quarter in the prior year, the company earned $0.77 EPS. Flex's revenue was up 7.7% on a year-over-year basis. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Analysts forecast that Flex will post 2.93 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Kwang Hooi Tan sold 17,500 shares of Flex stock in a transaction on Monday, March 9th. The shares were sold at an average price of $58.87, for a total transaction of $1,030,225.00. Following the completion of the sale, the chief operating officer directly owned 233,636 shares of the company's stock, valued at approximately $13,754,151.32. The trade was a 6.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is owned by company insiders.

Key Stories Impacting Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Strong Q4 and upbeat FY2027 guidance: Flex reported solid Q4 sales (~$7.5B) and adjusted EPS above prior trends, and guided FY2027 to significantly higher adjusted EPS and operating margins — a clear driver for investor optimism on earnings growth and margin expansion. Flex jumps 16.6% on strong Q4 results, upbeat FY2027 guidance and planned cloud/power spin-off
• Positive Sentiment: Planned spin‑off of Cloud & Power Infrastructure (SpinCo): Board approved a tax‑free spin creating a dedicated high‑growth critical infrastructure company targeting AI data‑center power/thermal markets; Flex expects to retain up to ~19.9% — this sharpens the AI/data‑center growth story and unlocks value. Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment
• Positive Sentiment: EP² acquisition closed: Flex completed the Electrical Power Products deal, expanding engineered‑to‑order critical‑power capabilities for utilities and data centers — enhances addressable market for SpinCo and supports long‑term growth. Flex Completes Acquisition of Electrical Power Products (EP²)
• Neutral Sentiment: Q4 metrics met/beat some expectations: The company reported EPS roughly in line with consensus and continued multi‑quarter margin improvement (sixth straight quarter with adjusted operating margin ≥6%), providing confirmation rather than a surprise. View Press Release
• Negative Sentiment: Recent insider selling: Company insiders have sold shares multiple times in the past six months with no reported insider buys, which some investors view as a cautionary signal even amid strong public results. Insider Trading Activity

Hedge Funds Weigh In On Flex

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its stake in Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company's stock valued at $611,997,000 after purchasing an additional 3,377,669 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Flex by 694,916.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,641,062 shares of the technology company's stock valued at $159,573,000 after purchasing an additional 2,640,682 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in Flex by 118.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company's stock worth $162,968,000 after buying an additional 1,522,308 shares during the last quarter. Amundi grew its stake in Flex by 610.3% during the 4th quarter. Amundi now owns 1,293,865 shares of the technology company's stock worth $78,175,000 after buying an additional 1,111,708 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in Flex during the 4th quarter worth approximately $51,328,000. 94.30% of the stock is owned by institutional investors and hedge funds.

About Flex

Flex NASDAQ: FLEX, formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.

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