US Stock Movement: Flex soared on October 28 - earnings beat expectations, fiscal year guidance raised, and cloud power infrastructure expansion

Flex October 28 Surge Interpretation

Keywords: performance surpasses expectations, raised fiscal year guidance, cloud and electrical infrastructure

1. On October 28, the company announced its fiscal 2027 second quarter results, with adjusted earnings per share of $1.18, higher than analysts’ expectations of $1.05; net sales were $8.491 billion, exceeding the expected $8.141 billion, and sales increased by 24.79% year-on-year.

2. On October 28, the company raised its fiscal 2027 guidance, expecting net sales of $34.9 billion to $35.9 billion and adjusted earnings per share of $4.84 to $5.16; for the third quarter, net sales are expected to be between $8.87 billion and $9.17 billion, and adjusted earnings per share between $1.19 and $1.25.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)