Net sales for the quarter were $6.7 billion. GAAP net income was $208 million, with adjusted net income coming in at $251 million.
“Flex's strong third quarter performance exceeded our prior expectations, as robust demand across our portfolio drove solid revenue growth. Furthermore, our operational focus and disciplined execution delivered record adjusted operating margin and EPS," said CEO Revathi Advaithi.
The company also reported that it is actively pursuing alternatives for its NEXTracker business, including a full or partial separation of the business through an IPO, sale, spin-off, or other transaction.