Flex June Quarter Sales Up 16% YoY
SAN JOSE -- Flex today reported net sales of $7.3 billion for its first quarter ended July 1, up 16% from a year ago.
GAAP operating income was $272 million, up from $255 million last year, while adjusted operating income was $330 million, versus $290 million in 2021.
Net income was $189 million, down from $206 million last year.
"The Flex team reached another milestone this quarter, achieving record adjusted EPS as well as delivering strong growth," said Revathi Advaithi, CEO, Flex. "The Company's diverse portfolio and global footprint coupled with multiple demand drivers across our served markets positions Flex for continued growth."
Flex guided for second fiscal quarter revenue of $7 billion to $7.4 billion, and GAAP operating income of $265 million to $295 million.
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