Filing Flows › Flex (FLEX) › Guidance history
Flex (FLEX) guidance history: what it guided and what it reported
Flex gave guidance in 12 earnings releases on file since Jan 31, 2024. Of 12 guided periods since reported, it met or beat its own guidance 11 times (92%). Revenue: 9 of 9, on average +4.0% against the guided midpoint. Its releases raised guidance 3 times and lowered it 0 times.
Revenue
Met or beat 9 of 9 periods (6 above, 3 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 FY27 | $8.9B–$9.2B (Oct 28, 2026) | — | to be reported | — |
| Q2 FY27 | $8.0B–$8.2B (Jul 29, 2026) | $8.5B | above the range | +4.8% |
| Q1 FY27 | $7.3B–$7.7B (May 5, 2026) | $7.9B | above the range | +5.7% |
| FY27 | $32.3B–$33.8B (May 5, 2026) → raised $33.7B–$35.2B (Jul 29, 2026) → raised $34.9B–$35.9B (Oct 28, 2026) | — | to be reported | — |
| Q4 FY26 | $6.8B–$7.0B (Feb 4, 2026) | $7.5B | above the range | +8.4% |
| FY26 | $25.0B–$26.8B (May 7, 2025) → raised $25.9B–$27.1B (Jul 24, 2025) → raised $26.7B–$27.3B (Oct 29, 2025) → raised $27.2B–$27.5B (Feb 4, 2026) | $27.9B | above the range | +2.1% |
| Q3 FY26 | $6.7B–$7.0B (Oct 29, 2025) | $7.1B | above the range | +3.8% |
| Q2 FY26 | $6.5B–$6.8B (Jul 24, 2025) | $6.8B | within the range | +2.3% |
| Q1 FY26 | $6.0B–$6.5B (May 7, 2025) | $6.6B | above the range | +5.2% |
| Q4 FY25 | $6.0B–$6.4B (Jan 29, 2025) | $6.4B | within the range | +3.2% |
Adjusted revenue
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY24 | $26.0B–$26.6B (Jan 31, 2024) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 7.0%–7.1% (May 5, 2026) → raised 7.0%–7.2% (Jul 29, 2026) → raised 7.6%–7.8% (Oct 28, 2026) | — | to be reported | — |
| FY26 | 6.2%–6.3% (Oct 29, 2025) → raised 6.3% (Feb 4, 2026) | — | — | — |
GAAP operating income
Met or beat 2 of 3 periods (0 above, 2 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY26 | $322M–$362M (Jul 24, 2025) | $296M | below the range | -13.4% |
| Q1 FY26 | $278M–$318M (May 7, 2025) | $311M | within the range | +4.4% |
| Q4 FY25 | $286M–$326M (Jan 29, 2025) | $305M | within the range | -0.3% |
| Q3 FY25 | $257M–$287M (Oct 30, 2024) | — | — | — |
| Q2 FY25 | $257M–$297M (Jul 24, 2024) | — | — | — |
| Q1 FY25 | $130M–$170M (May 1, 2024) | — | — | — |
| Q4 FY24 | $252M–$302M (Jan 31, 2024) | — | — | — |
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 FY27 | $685M–$715M (Oct 28, 2026) | — | to be reported | — |
| Q2 FY27 | $535M–$565M (Jul 29, 2026) | — | — | — |
| Q1 FY27 | $469M–$499M (May 5, 2026) | — | — | — |
| Q4 FY26 | $445M–$475M (Feb 4, 2026) | — | — | — |
| Q3 FY26 | $405M–$435M (Oct 29, 2025) | — | — | — |
| Q2 FY26 | $375M–$415M (Jul 24, 2025) | — | — | — |
| Q1 FY26 | $330M–$370M (May 7, 2025) | — | — | — |
| Q4 FY25 | $360M–$400M (Jan 29, 2025) | — | — | — |
| Q3 FY25 | $335M–$365M (Oct 30, 2024) | — | — | — |
| Q2 FY25 | $310M–$350M (Jul 24, 2024) | — | — | — |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 FY27 | 21.0% (Oct 28, 2026) | — | to be reported | — |
| Q2 FY27 | 21.0% (Jul 29, 2026) | — | — | — |
| FY27 | 21.0% (May 5, 2026) → reaffirmed 21.0% (Jul 29, 2026) → reaffirmed 21.0% (Oct 28, 2026) | — | to be reported | — |
| Q1 FY27 | 21.0% (May 5, 2026) | — | — | — |
| Q4 FY26 | 21.0% (Feb 4, 2026) | — | — | — |
| Q3 FY26 | 21.0% (Oct 29, 2025) | — | — | — |
The latest quarter
Flex, Q2 FY27: revenue $8.5B (+25% year over year), operating margin 4.9%, net earnings $263M, operating cash flow $501M. The chart follows the revenue to costs, profit and cash.
Questions
Does Flex beat its guidance?
Flex gave guidance in 12 earnings releases on file since Jan 31, 2024. Of 12 guided periods since reported, it met or beat its own guidance 11 times (92%). Revenue: 9 of 9, on average +4.0% against the guided midpoint.
How often does Flex raise guidance?
Its earnings releases raised guidance 3 times and lowered it 0 times since Jan 31, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.