Flex lifts fiscal 2027 guidance, Q2 adjusted EPS $1.18

Flex reported fiscal Q2 adjusted EPS of $1.18 on net sales of $8.5 billion. The company raised its full-year adjusted EPS guidance to $4.84-$5.16, representing 52% growth at the midpoint, and guided Q3 adjusted EPS to $1.19-$1.25. Flex is proceeding with the spin-off of its Cloud and Power Infrastructure segment, to be named Axiom.