Flex (FLEX) Revenue — Quarter Ended Mar 31, 2023
Revenue declined from the previous quarter but increased compared to the same quarter last year. The sequential decrease marks a reversal from the prior year-over-year growth trend.
Key takeaway
Quarter ended Mar 31, 2023 · FY2024 FY
Revenue declined from the previous quarter but increased compared to the same quarter last year. The sequential decrease marks a reversal from the prior year-over-year growth trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7B
Revenue reported for this quarter.
Quarter-over-quarter
-10.0%
Change from the immediately preceding quarter.
Year-over-year
+1.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2022 | $7B | +9.8% |
| Sep 30, 2022 | $8.2B | +30.9% |
| Dec 31, 2022 | $7.8B | +17.2% |
| Mar 31, 2023 | $7B | +1.9% |
Revenue performance
The sequential decrease brought revenue below the prior quarter's level, while the year-over-year increase shows revenue remained above the year-ago level. The filing noted no material impact from the Ukraine conflict on business operations and financial performance in Ukraine.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was higher.
What to watch
Monitor the evolving situation in Ukraine and broader economic conditions, as uncertainties could influence future revenue trends.