SAN JOSE – Flex reported fiscal second quarter net sales of $6.2 billion, up 4.1% year-over-year.

For the three months ended Oct. 1, net income was $336.8 million, an increase of 197.3% compared to the same period last year. Operating income was $237 million, up 35.4%.

"Our fiscal second quarter was another strong result for Flex, achieving year-over-year revenue growth in our Agility and Reliability segments, as well as EPS and margin expansion. I would like to thank our team for their exceptional execution, managing through the supply chain challenges," said Revathi Advaithi, CEO, Flex. "We remain focused on driving profitable growth and margin expansion through organic and inorganic investments."

For the six months ended Oct. 1, net sales were up 12.9% to $12.6 billion. Net income for the first six months of fiscal 2022 was $542 million, an increase of 228.5% year-over-year. Operating income was $493 million, up 81.3%.

For the fiscal third quarter, Flex forecasts revenue of $6.1 billion to $6.5 billion and GAAP operating income of $210 million to $250 million.

For fiscal 2022, revenue is expected to be $24.8 billion to $25.8 billion.