AUSTIN, TX – Flex reported third quarter net sales of $7.1 billion, up 8% year over year, exceeding company guidance as strength across diversified end markets.

GAAP operating income reached $389 million, producing a record GAAP operating margin of 5.5%, while adjusted operating income climbed to $460 million, corresponding to a record adjusted margin of 6.5%. The quarter marked Flex’s fifth consecutive period with an adjusted operating margin at or above 6%.

GAAP net income totaled $239 million, while adjusted net income rose to $326 million. Operating cash flow reached $420 million, and free cash flow totaled $275 million.

Based on the results, Flex raised full-year guidance. The company now expects net sales of $27.2 billion to $27.5 billion, up from prior guidance of $26.7 billion to $27.3 billion. Adjusted operating margin guidance was lifted to 6.3%.

For the fourth quarter, Flex guided revenue between $6.75 billion and $7.05 billion, reflecting continued momentum despite a complex macro environment.