SAN JOSE – Flex reported fiscal third quarter 2022 net sales were $6.6 billion, a decrease of 1.5% year-over-year.

For the period ended Dec. 31, the electronics manufacturer reported net income of $227 million, an increase of 9.1% compared to the prior year quarter. Operating income was $251 million, up 4.6%.

"I'm proud of the team's focus on delivering for our customers, as demand continues to outpace supply," said Revathi Advaithi, CEO, Flex. "The combination of our investments in commercial and technology capabilities, along with strong secular drivers, accelerates our growth potential and continues our long-term shareholder value creation."

For the fiscal fourth quarter, Flex expects revenue of $6.2 billion to $6.6 billion and GAAP operating income of $215 million to $255 million.

For fiscal 2022, the revenue forecast is $25.4 billion to $25.8 billion.