Flex (FLEX) official guidance

Finally, we expect CapEx to be in the range of $1.5 billion-$1.6 billion.

Finally, we expect CapEx to be in the range of $1.4 billion-$1.6 billion, and free cash flow conversion of approximately 60%, excluding costs associated with the spin transaction.

•Weighted average shares outstanding: approximately 375 million

•Adjusted income tax rate: 21%*

We expect an adjusted tax rate of approximately 21%.

•Adjusted income tax rate: 21%*

We expect an adjusted tax rate of 21%.

•Adjusted income tax rate: 21%*

•Adjusted income tax rate: 21%*

•Adjusted EPS: $4.84 to $5.16*, growth of 52% at the midpoint

We expect adjusted EPS to be between $4.42 and $4.74 a share, up 39% at the midpoint.

•Adjusted EPS: $4.42 to $4.74*, growth of 39% at the midpoint

We expect adjusted EPS to be between $4.21 and $4.51, up 32% at the midpoint.

•Adjusted EPS: $4.21 to $4.51*, growth of 32% at the midpoint

•Adjusted EPS: $1.19 to $1.25*, growth of 40% at the midpoint

Incorporating costs associated with the spin-off, we now expect free cash flow conversion to be approximately 40%.

Finally, we expect CapEx to be in the range of $1.4 billion-$1.6 billion, and free cash flow conversion of approximately 60%, excluding costs associated with the spin transaction.

•Interest & Other: approximately $120 million

•Adjusted Operating Income: $685 million to $715 million*

| Adjusted Operating Margin* | 7.0% - 7.2% | 7.6% - 7.8% | 11.5% - 11.7% | 5.9% - 6.1% |

| Adjusted Operating Margin* | 7.0% - 7.2% | 7.6% - 7.8% | 11.5% - 11.7% | 5.9% - 6.1% |

•Adjusted Operating Margin: 7.6% to 7.8%*

Adjusted operating margin to be between 7% and 7.2%, an increase of approximately 80 basis points year-over-year at the midpoint.

•Adjusted Operating Margin: 7.0% to 7.2%*

Adjusted operating margin to be between 7% and 7.1%, an increase of approximately 80 basis points, driven in large part by recouped FY 2026 investments in CPI.

•Adjusted Operating Margin: 7.0% to 7.1%*

•Net Sales: $34.9 billion to $35.9 billion, growth of 27% at the midpoint

For fiscal year 2027, our expectations are the following. Revenue to be between $33.7 and $35.2 billion, up 23% at the midpoint.

•Net Sales: $33.7 billion to $35.2 billion, growth of 23% at the midpoint

For fiscal 2027, our expectations are the following: revenue to be between $32.3 billion and $33.8 billion, up 18% at the midpoint.

•Net Sales: $32.3 billion to $33.8 billion, growth of 18% at the midpoint

•Net Sales: $8.87 billion to $9.17 billion, growth of 28% at the midpoint

| Net Sales | $33.7 - $35.2 billion | $34.9 - $35.9 billion | +75% - 85% | +8% - 11% |

For CPI, we expect revenue to be up 65%-75%, driven by both cloud and power, with power's growth rate exceeding cloud's.

As Revathi mentioned, we secured significant business with multiple customers, including a multi-year contract with Google, underpinning our strong CPI growth expectations of 65%-75% in FY 2027 and 80%+ for FY 2028.

For ITS, we expect revenue to be up high single digits to low double digits, driven by continued strong performance in communications.

For ITS, we expect revenue to be flat to up low single digits as strength in communications is offset by softness and our continued de-emphasis of low-value markets and lifestyle.

For RMS, we expect revenue to be up mid-single digits to high single digits due to continued strength in high-value end markets within industrial, including warehouse automation, robotics, and energy infrastructure.

For RMS, we expect revenue to be up low to mid-single digits, driven by strength in industrial and healthcare as automotive continues to stabilize.