Flex

Q1 FY2027 EarningsQ1 FY27 results significantly beat consensus across top and bottom lines, with revenue reaching $7.93B vs. $7.58B expected and normalized EPS of $0.96 vs. $0.92 mean consensus. Growth was primarily fueled by the Cloud and Power Infrastructure (CPI) segment, which surged 35% YoY driven by AI-related data center demand and the $1.2B EPP acquisition. Despite a slight miss in operating cash flow due to strategic inventory building and M&A costs, gross margins expanded to 9.4% (vs. 9.3% expected), reinforcing the positive structural shift toward higher-value infrastructure businesses.