Flex (FLEX) Revenue — Quarter Ended Sep 27, 2024
Revenue increased compared to the previous quarter, but remained below the level achieved in the same period a year ago. The company benefited from easing component shortages while continuing to face logistical challenges.
Key takeaway
Quarter ended Sep 27, 2024 · FY2025 Q2
Revenue increased compared to the previous quarter, but remained below the level achieved in the same period a year ago. The company benefited from easing component shortages while continuing to face logistical challenges.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.5B
Revenue reported for this quarter.
Quarter-over-quarter
+3.7%
Change from the immediately preceding quarter.
Year-over-year
-5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.4B
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 |
|---|---|---|
| Dec 31, 2023 | $6.4B | -17.2% |
| Mar 31, 2024 | $6.2B | -11.7% |
| Jun 28, 2024 | $6.3B | -8.4% |
| Sep 27, 2024 | $6.5B | -5.6% |
Revenue performance
The sequential revenue growth marks a positive turn, though the year-over-year decline highlights ongoing market headwinds.
Quarterly comparison
Revenue rose from the prior quarter, reversing recent sequential trends. However, it fell short of the same quarter last year, reflecting persistent year-over-year contraction.
What to watch
Logistical constraints and higher freight costs remain areas to monitor, as they could affect future profitability.