AUSTIN, TX – Flex announced sales of $7.5 billion for the second quarter of its fiscal year, a 3.8% year-over-year decrease.

The company projects revenue between $6.5 billion and $6.9 billion for its third quarter, and also updated its fiscal year 2024 guidance, projecting total revenue to be between $28.1 billion and $28.8 billion.

"Our focus on the right portfolio and margin expansion has enabled the team to deliver another strong quarter and make solid progress on our financial framework," said Flex CEO Revathi Advaithi. "With the announcement of our plan to spin-off our remaining interest in Nextracker, we come to the final stage of unlocking its full value. Our strategic focus remains on driving growth in targeted markets, expanding margins, and executing our capital allocation strategy."

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