Flex Ltd. (NASDAQ:FLEX) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET

Company Participants

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

Conference Call Participants

Ruplu Bhattacharya - Bank of America
Samik Chatterjee - JP Morgan
George Wang - Barclays
Christian Zyla - KeyBanc Capital Markets.

Operator

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

I will now turn the call over to Mr. David Rubin. Mr. Rubin, please begin.

David Rubin

Thank you. Good morning, and welcome to Flex's Second Quarter Fiscal 2025 Earnings Conference Call. With me today is our Chief Executive Officer, Revathi Advaithi; and Interim Chief Financial Officer, 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 of 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.

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. Lastly, on October 17, we announced we had entered into a definitive agreement to acquire Crown Technical Systems.

The guidance we provide on this call excludes any impact from the pending acquisition. 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 four. We had a solid Q2 with revenue of $6.5 billion. End market trends in the quarter were largely in line with our prior expectations with strength in cloud, power and medical devices.