Flex (FLEX) Revenue — Quarter Ended Jun 28, 2024
Revenue for the quarter increased sequentially but declined compared to the same quarter last year. The improvement from the prior period reflects a modest recovery, while the year-over-year decrease continues a broader trend.
Key takeaway
Quarter ended Jun 28, 2024 · FY2025 Q1
Revenue for the quarter increased sequentially but declined compared to the same quarter last year. The improvement from the prior period reflects a modest recovery, while the year-over-year decrease continues a broader trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.3B
Revenue reported for this quarter.
Quarter-over-quarter
+2.4%
Change from the immediately preceding quarter.
Year-over-year
-8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.8B
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 |
|---|---|---|
| Sep 29, 2023 | $6.9B | -15.0% |
| Dec 31, 2023 | $6.4B | -17.2% |
| Mar 31, 2024 | $6.2B | -11.7% |
| Jun 28, 2024 | $6.3B | -8.4% |
Revenue performance
Net revenue showed a sequential increase, breaking a streak of declines from earlier quarters. However, the figure remained below the level of one year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved by a low single-digit percentage. Relative to the same quarter one year earlier, revenue contracted by a high single-digit percentage.
What to watch
Supply chain disruptions and logistical constraints, including increased freight costs, remain factors to monitor.