Flex Ltd. (NASDAQ:FLEX) reported its third-quarter fiscal 2026 results on Wednesday, revealing net sales of $7.058 billion, an 8% increase compared to the prior year, exceeding company guidance. Despite the positive results, the stock was trading lower following the announcement.
Sales of $7.058 billion beat the analyst estimate of $6.844 billion, and adjusted EPS reached a record 87 cents, beating the analyst estimate of 79 cents.
The company posted record GAAP and adjusted operating margins of 5.5% and 6.5%, respectively. GAAP earnings per share (EPS) were 64 cents. Operating income for the quarter was $389 million, and net income was $239 million.
Flex’s non-GAAP operating income was $460 million, reflecting a margin of 6.5%. Adjusted net income was $326 million, and free cash flow was $275 million. The company’s cash flow from operations was $420 million.
Flex also reported a solid cash position, ending the quarter with $3.06 billion in cash and cash equivalents, while …