---
schema_version: "secwatch.filing_event.v1"
accession: "0000866374-23-000063"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:41:05.073706+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Flex reports Q2 FY2024 EPS $0.68 adjusted; plans spin-off of remaining 51.47% Nextracker stake

## Summary
- Q2 net sales $7.5B; GAAP EPS $0.51, adjusted EPS $0.68.
- Announces spin-off of remaining ~51.47% interest in Nextracker to Flex shareholders pro rata.
- Shareholders expected to receive ~0.17 Nextracker Class A shares per Flex ordinary share.
- Transaction expected to close in Q4 FY2024 ending March 31, 2024, subject to conditions.
- Flex delivers Merger Notice, exercising right to effect the spin-off under Merger Agreement dated Feb 7, 2023.

## SEC filing metadata
- accession: 0000866374-23-000063
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000086637423000063/0000866374-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000086637423000063/flex-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866374-23-000063
- JSON: https://secwatch.observer/filing/0000866374-23-000063.json
- Plain text: https://secwatch.observer/filing/0000866374-23-000063.txt

## Key facts
- Earnings Releases
  FLEX LTD. reported second quarter ended September 29, 2023 results: revenue $7.5 billion, net income $228 million, EPS $0.51.
  - Period: second quarter ended September 29, 2023
  - Revenue: $7.5 billion
  - Net income: $228 million
  - EPS: $0.51
  - Result: reported results
  source text: Flex (NASDAQ: FLEX) today announced results for its second quarter ended September 29, 2023. Second Quarter Fiscal Year 2024 Highlights: • Net Sales: $7.5 billion • GAAP Operating Income: $376 million • Adjusted Operating Income: $439 million • GAAP Net Income attributable to Flex Ltd: $228 million • Adjusted Net Income attributable to Flex Ltd: $303 million • GAAP Earnings Per Share: $0.51 • Adjusted Earnings Per Share: $0.68
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000086637423000063/0000866374-23-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.