Flex (FLEX) Revenue — Quarter Ended Dec 31, 2023
Revenue decreased during the quarter compared to both the prior quarter and the same period a year ago. The decline was more substantial on an annual basis.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q3
Revenue decreased during the quarter compared to both the prior quarter and the same period a year ago. The decline was more substantial on an annual basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.4B
Revenue reported for this quarter.
Quarter-over-quarter
-7.4%
Change from the immediately preceding quarter.
Year-over-year
-17.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.2B
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 |
|---|---|---|
| Mar 31, 2023 | $7B | +1.9% |
| Jun 30, 2023 | $6.9B | -1.0% |
| Sep 29, 2023 | $6.9B | -15.0% |
| Dec 31, 2023 | $6.4B | -17.2% |
Revenue performance
Sequentially, revenue declined from the immediately preceding quarter. Compared to the same quarter one year earlier, revenue also fell.
Quarterly comparison
The sequential decrease continues a pattern of declining revenue over recent quarters. The year-over-year drop was notably larger than the sequential change.
What to watch
The company continues to monitor potential supply chain disruptions as a key area of attention.