Flex Ltd. (NASDAQ:FLEX) reported stronger-than-expected fiscal second-quarter results on Wednesday, surpassing Wall Street estimates and signaling continued momentum across its high-margin business units.

The company posted adjusted earnings of 79 cents per share, up 23% from 64 cents a year earlier and above analysts' expectations of 75 cents.

Quarterly net sales reached $6.80 billion, exceeding the consensus estimate of $6.68 billion and rising 4% year over year from $6.55 billion.

Adjusted operating income came in at $409 million, with an operating margin of 6.0%. The company closed the quarter with $2.25 billion in cash and cash equivalents.

Outlook

Flex provided upbeat guidance for the third quarter, ...