Flex (NASDAQ:FLEX) Releases Q1 2027 Earnings Guidance

Key Points

• Q1 2027 guidance beat: Flex guided Q1 EPS to $0.860–$0.920 (consensus $0.810) and revenue to $7.4B–$7.7B (consensus $7.0B), and raised FY2027 EPS guidance to $4.210–$4.510.
• Strategic value moves: The board approved a tax‑free spin‑off of the Cloud & Power Infrastructure segment ("SpinCo") targeting AI/data‑center power and thermal markets and completed the EP² acquisition to expand critical‑power capabilities.
• Market and analyst reaction: Shares jumped to about $96.45 on heavy volume, analysts are mostly Buy/Outperform with a consensus target of $72.30, though recent insider sales have been noted amid strong institutional buying.

Flex (NASDAQ:FLEX - Get Free Report) updated its first quarter 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.860-0.920 for the period, compared to the consensus estimate of 0.810. The company issued revenue guidance of $7.4 billion-$7.7 billion, compared to the consensus revenue estimate of $7.0 billion. Flex also updated its FY 2027 guidance to 4.210-4.510 EPS.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FLEX. Robert W. Baird assumed coverage on shares of Flex in a report on Thursday, March 12th. They set an "outperform" rating and a $70.00 price target on the stock. Barclays lifted their price objective on shares of Flex from $71.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Raymond James Financial set a $80.00 price objective on shares of Flex and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Wall Street Zen cut shares of Flex from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Flex from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $72.30.

Flex Price Performance

FLEX traded up $4.61 during trading hours on Tuesday, hitting $96.45. The company's stock had a trading volume of 9,363,183 shares, compared to its average volume of 3,707,682. The stock has a market cap of $35.46 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 1.98 and a beta of 1.46. Flex has a 12 month low of $34.94 and a 12 month high of $96.58. The business's 50-day moving average price is $71.65 and its 200-day moving average price is $66.02. 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 (NASDAQ:FLEX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.84 billion. Flex had a return on equity of 20.99% and a net margin of 3.17%.The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. Sell-side analysts expect that Flex will post 2.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Flex news, COO Kwang Hooi Tan sold 17,500 shares of the business's 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 transaction, the chief operating officer owned 233,636 shares in the company, valued at $13,754,151.32. The trade was a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLEX. State Street Corp grew its holdings in shares of Flex by 38.0% in the second quarter. State Street Corp now owns 12,259,554 shares of the technology company's stock worth $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 lifted its position in shares of Flex by 694,916.3% during 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 buying an additional 2,640,682 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Flex by 118.1% during the third quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company's stock valued at $162,968,000 after buying an additional 1,522,308 shares during the last quarter. Amundi raised its position in shares of Flex by 610.3% in the 4th quarter. Amundi now owns 1,293,865 shares of the technology company's stock valued at $78,175,000 after purchasing an additional 1,111,708 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in shares of Flex in the 4th quarter valued at approximately $51,328,000. 94.30% of the stock is currently owned by institutional investors.

Flex Company Profile

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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