Flex Ltd. (NASDAQ:FLEX) Q1 2025 Earnings Conference Call July 24, 2024 8:30 AM ET

Company Participants

David Rubin - Vice President, Investor Relations
Revathi Advaithi - Chief Executive Officer
Paul Lundstrom - Chief Financial Officer
Jaime Martinez - Senior Vice President of Finance

Conference Call Participants

Samik Chatterjee - JPMorgan
Matthew Sheerin - Stifel
George Wang - Barclays
Steven Fox - Fox Advisors
Ruplu Bhattacharya - Bank of America
Jacob Moore - KeyBanc Capital Markets
Mark Delaney - Goldman Sachs

Operator

Good morning and thank you for standing by. Welcome to Flex's First Quarter Fiscal Year 2025 Earnings Conference Call. Presently, all participants are in a listen-only mode. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this call is being recorded.

I will now turn the call over to Mr. David Rubin. You may begin.

David Rubin

Thank you, Daryl. Good morning, and welcome to Flex's First Quarter Fiscal 2025 Earnings Conference Call. With me today is our Chief Executive Officer, Revathi Advaithi; our Chief Financial Officer, Paul Lundstrom; and our soon to be Interim CFO, Jaime Martinez.

We will give brief remarks followed by Q&A. Slides for today's call as well as a copy of the earnings press release and summary financials are available on the Investor Relations section at flex.com. This call is being recorded and will be available for replay on our corporate website.

As a reminder, today's call contains forward-looking statements, which are based on our current expectations and assumptions. These statements involve risks and uncertainties that could cause actual results to differ materially. For a full discussion of these risks and uncertainties, please see the cautionary statements in our presentation, press release or in the Risk Factors section in our most recent filings with the SEC.

Note this information is subject to change, and we undertake no obligation to update these forward-looking statements. Please note, unless otherwise stated, all results provided will be in non-GAAP measures and all growth metrics will be on a year-over-year basis, and the full non-GAAP to GAAP reconciliations can be found in the appendix slides of today's presentation as well as in the summary financials posted on the Investor Relations website.

Now, I'd like to turn the call over to our CEO, Revathi.

Revathi Advaithi

Thank you, David. Good morning and thank you for joining us today. Starting off with our results on Slide 4. We had a solid Q1 with revenue coming in at $6.3 billion slightly above our prior expectations. In addition, our adjusted operating margin also came in better at 4.8% and we delivered $0.51 of adjusted EPS.