FLEX Latest Report

Performance of the Quarterly Report

Flex achieved an operating revenue of USD6.556 billion as of December 31, 2024, up 2.09% from USD6.421 billion as of December 31, 2023. This growth indicates a slight improvement in the company's operating revenue, reflecting its continued performance in the market.

Key Data in the Quarterly Report

1. The operating revenue in 2024 was USD6.556 billion, up USD1.35 billion from USD6.421 billion in 2023, a growth of 2.09%.

2. The sales cost decreased from USD5.988 billion to USD5.962 billion, showing a certain degree of cost control.

3. The gross profit increased from USD433 million to USD594 million, with a significant increase, indicating an improvement in the company's profitability.

4. The operating revenue in the first quarter of 2024 was USD6.314 billion, showing a stable performance in the quarter.

Peer Comparison

1. Industry-wide analysis: The electronic manufacturing services industry gradually recovered from the post-pandemic era, with enterprises increasing their investment in electronic products, driving overall revenue growth. It is expected to continue to maintain a growth trend in the next few years. According to the forecast, the global EMS market size will reach USD1,017.85 billion in 2032, showing a broad prospect for the industry.

2. Peer evaluation analysis: The operating revenue growth rate of Flex was 2.09%, relatively low, and competitors such as Flextronics may have more advantages in market promotion and technological innovation. Nevertheless, Flex performed well in gross margin, showing its advantages in cost control and operational efficiency.

Summary

Flex achieved a slight increase in operating revenue in 2024, although the growth was not significant, but it was able to achieve stable revenue growth in the competitive market environment, indicating the company's efforts in market demand, product optimization, and cost control. The future challenge lies in how to further improve revenue and net profit.

Opportunities

1. Continue to optimize the product portfolio, launch innovative products, and enhance market competitiveness.

2. Deepen cooperation with downstream customers and enhance market penetration.

3. Take advantage of the opportunity of macroeconomic recovery to enhance sales and marketing strategies.

Risks

1. The low operating revenue growth rate faces pressure from competitors.

2. The uncertainty of the future economic environment may affect consumer demand.

3. The decline in revenue expectations in the first quarter of 2024 may indicate a challenge in revenue.