Slide 1: Q3 FY26 Earnings Presentation
Q3 FY26 Earnings Presentation Quarter End: December 31, 2025 Earnings Announcement: February 4, 2026
Slide 2: Risks and non-GAAP disclosures
Risks and non-GAAP disclosures This presentation contains forward-looking statements within the meaning of U.S. securities laws, including statements related to our future financial results and our guidance for future financial performance (including expected revenues, operating income, margins and
Slide 3: Business update
Business update Revathi Advaithi Chief Executive Officer
Slide 4: Executive summary
Executive summary Q3 FINANCIAL PERFORMANCE Revenue Adj. operating income Adj. operating margin Adj. net income Adj. earnings per share $7.1B $460M 6.5% $326M $0.87 BUSINESS UPDATES Adj. Operating Margin: 6.5%, +40 bps Y/Y, fifth consecutive quarter with margins 6.0%+ FINANCIAL Adj. Earnings per Shar
Slide 5: Power and compute: winning solutions for the data center
Power and compute: winning solutions for the data center Reliability Agility Health Solutions Automotive Industrial CEC Lifestyle Consumer Devices Power Cloud ABOVE AND AROUND THE RACK LV & MV Power Remote Busway Power Utility Metering IT HARDWARE (CRITICAL switch gear distribution power Pods contro
Slide 6: Deploying data centers with speed and scale
Deploying data centers with speed and scale Flex’s AI Infrastructure Platform accelerates AI data-center deployment by up to 30%, integrating power, cooling, and compute into one scalable solution End-to-end infrastructure Product and Partner Spotlight Combines compute, power, and cooling for higher
Slide 7: Financials
Financials Kevin Krumm Chief Financial Officer
Slide 8: Key financials
Key financials Q3FY25 Q3FY26 FLEX Revenue $6,556M $7,058M • Strength in Data Center, momentum in Industrial and Health Solutions Adj. Gross Profit / Margin $610M / 9.3% $690M / 9.8% • Margin expansion due to strategic product mix and operating cost Adj. Operating Income / Margin $399M / 6.1% $460M /
Slide 9: Q3 FY26 segment performance
Q3 FY 26 segment performance REVENUE ADJ. OPERATING INCOME ADJ. OPERATING MARGIN TOTAL FLEX REVENUE ($B) Y/Y GROWTH ($M) Y/Y GROWTH % Y/Y CHANGE RELIABILITY $3.2 10% $233 18% 7.2% 50 bps 46% AGILITY $7.1B 54% $3.8 6% $239 5% 6.3% 0 bps CORPORATE SERVICES -- -- ($12) -- -- -- AND OTHER A TOTALB $7.1
Slide 10: Cash flow overview
Cash flow overview CAPITAL EXPENDITURES, NET A ($M) ($M) Q3FY26 FYTD $148 $145 $131 GAAP NET INCOME $239 $630 $107 $108 Depreciation, Amortization and other Impairment 135 433 Charges Change in Working Capital and other, net 46 209 Q3F25 Q4F25 Q1F26 Q2F26 Q3F26 OPERATING CASH FLOW $420 $1,272 Capita
Slide 11: FY26 Guidance
FY26 Guidance Prior Updated • Increasing FY26 revenue, adj. FLEX operating margin, and adj. EPS expectations Revenue $26.7 - $27.3B $27.2 - $27.5B • Revenue remains driven by strong AI demand Adj. Operating Margin 6.2% - 6.3% 6.3% • Adj. operating margin of 6+% is one Adj. Earnings Per Share $3.09 -
Slide 12: FY26 Revenue expectations
FY26 Revenue expectations Delivering margin-accretive growth in diversified portfolio RELIABILITY Up mid-single digit Industrial Data Center Power demand remains strong; growth in warehouse automation & robotics Health Medical device demand resilient; medical equipment improving Solutions Automotive
Slide 13: Q4 FY26 Guidance
Q4 FY26 Guidance RELIABILITY Up low-double digits to mid-teens AGILITY Up low to mid-single digit Revenue Adj. operating income Adj. earnings per share $6.75B - $7.05B $445M - $475M $0.83 - $0.89 Interest and other expense Adj. income tax rate Weighted avg. shares outstanding $54M 21% 375M 13
Slide 14: Thank you.
Thank you. For more information, please visit investors.flex.com
Slide 15: Appendix
Appendix flex.
Slide 16: Appendix: Reconciliation of GAAP to Non-GAAP Measures
Appendix: Reconciliation of GAAP to Non-GAAP Measures Quarter-ended Quarter-ended Quarter-ended Quarter-ended December 31, 2025 September 26, 2025 December 31, 2024 September 27, 2024 % of % of % of % of ($ in Millions) revenue revenue revenue revenue GAAP gross profit $679 9.6% $614 9.0% $594 9.1%
Slide 17: Appendix: Reconciliation of GAAP to Non-GAAP Measures
Appendix: Reconciliation of GAAP to Non-GAAP Measures Quarter- Quarter- Quarter- Quarter- ended ended ended ended December 31, 2025 September 26, 2025 December 31, 2024 September 27, 2024 ($ in Millions) GAAP operating income $389 $296 $334 $297 Intangible amortization 15 16 17 16 Stock-based compen
Slide 18: Appendix: Reconciliation of GAAP to Non-GAAP Measures
Appendix: Reconciliation of GAAP to Non-GAAP Measures Quarter- Quarter- Quarter- Quarter- ended ended ended ended ($ in Millions, except for EPS) December 31, 2025 September 26, 2025 December 31, 2024 September 27, 2024 GAAP net income $239 $199 $263 $214 Intangible amortization 15 16 17 16 Stock-ba
Slide 19: Appendix: Reconciliation of GAAP to Non-GAAP Measures
Appendix: Reconciliation of GAAP to Non-GAAP Measures Quarter- Quarter- ended ended December 31, 2025 December 31, 2025 ($ in Millions) ($ in Millions) Segment income: Reconciliation of segment income Flex Agility Solutions $239 GAAP Operating Income $389 Flex Reliability Solutions 233 Intangible am
Slide 20: Appendix: Reconciliation of GAAP to Non-GAAP Measures
Appendix: Reconciliation of GAAP to Non-GAAP Measures Quarter- Quarter- Quarter- Quarter- Quarter- Quarter- ended ended ended ended ended ended ($ in Millions) December 31, 2025 September 26, 2025 June 27, 2025 March 31, 2025 December 31, 2024 September 27, 2024 Net cash provided by operating activi