Flex Ltd.

Thank you for standing by. Welcome to FLEX's first quarter fiscal 2027 earnings conference call. Presently, all participants are in a listen-only mode. After the speaker's remarks, there'll be a question and answer session. If you'd like to ask a question, please press star one on your phone. If you'd like to withdraw your question, please press star two. As a reminder, this call is being recorded. I will now turn the call over to Mrs. Michelle Simmons. Mrs. Simmons, you may begin.

Good morning and thank you for joining us today for Flex's first quarter fiscal 2027 earnings conference call. With me today is Revathi Advaithi, our chief executive officer, Kevin Krumm, our chief financial officer, and Michael Hartung, our chief commercial officer. Slides for today's call as well as a copy of the earnings press release are available on the investor relations section at flex.com. This call is being recorded and will be available for replay on our corporate website. Today's call contains forward-looking statements which are based on current expectations and assumptions. These statements involve risks and uncertainties that could cause actual results to differ materially. These statements reflect expected results for the full fiscal year and did not give effect to the planned spinoff of the Cloud Empower infrastructure segment. For a full discussion of these risks and uncertainties, please see the cautionary statement in our presentation, press release, are in the risk factors section and our most recent filings with the SEC. Note, this information is subject to change and we undertake no obligation to update these forward looking statements. Please note, all growth metrics will be on a year over year basis unless stated otherwise. Additionally, all results will be on a non-GAAP basis unless we specifically state it's a GAAP result. The full non-GAAP to GAAP reconciliations can be found in the appendix slides of today's presentation as well as in the summary financials posted on the investor relations website. Now I'd like to turn the call over to our CEO, Revathi.

Good morning and thank you, Michelle. In Q1, our teams delivered another exceptional quarter while continuing to prepare two industry leading companies for the next phase of growth as standalone businesses. We delivered strong revenue growth, margin expansion across all three segments, and record adjusted earnings per share of $1. Our cloud and power infrastructure segment grew 35% year over year. And as we stated before, our investments in this business are on track to drive accelerated growth and margin expansion in the second half of the fiscal year. We also saw strong growth in our communications and industrial business units driven by high value markets such as networking, automation and energy infrastructure. Now we're in the midst of a generational build-out driven by AI and demand is not slowing down. We have built two focused companies to win in the AI era and these results reflect the strength of our strategy. Our results also reflect our focus on long-term execution. Our addition to the S&P 500 last month reflects our progress over the last several years and the enduring strength of our strategy. We also continue to build momentum in some of our fastest growing markets, expanding our partnership with Cerebris to scale manufacturing of the CS3, one of the world's most advanced AI accelerator systems right here in the United States. We also launched a new liquid cooling solution through Jet Cool and showcased our next generation power and infrastructure technologies at Computex. As we continue executing our long-term strategy for both Flex and SpinCo, I want to reiterate our vision for both companies. We have built two great businesses that are entering different phases of growth. The spin allows each company to sharpen its strategic focus, align capital allocation with its growth priorities, and create greater value for customers and shareholders. Finco requires a capital allocation framework designed for rapid growth as demand for AI infrastructure accelerates. Many people still think about AI as a compute story. I think it's increasingly becoming an infrastructure story and more specifically a power story. AI may live in the cloud, but the infrastructure behind it is very physical. It must be built, powered, cooled, integrated, and deployed at scale. As AI scales, the constraint is no longer just the chip. It's everything around the chip. Power, cooling, electrical systems, and ultimately the grid capacity. That's the challenge customers are trying to solve today. We saw this coming years ago, and that's why we invested in power, compute, and thermal management technologies long before AI became front page news. What started inside Flex is a set of businesses supporting the next generation of data centers has evolved into a leading solutions provider. I want to be very clear. SpinCo is not a data center components company. It's a digital and electrical infrastructure company built to help customers solve the power cooling and scaling challenges that come with AI. That's where we believe SpinCo is uniquely positioned to excel. We see our ability to bring together power, thermal management, and compute technologies combined with the ability to deploy these capabilities at global scale as a true differentiator in this space. We have spent years working alongside the world's leading technology companies as they design, built, and expanded critical infrastructure. That combination of power expertise, systems integration, and execution is difficult to replicate. And I would say we're still early. We believe we're at the beginning of one of the largest electrical transformations happening today. What's happening in the data centers is just the starting point. As AI scales, demand will extend far beyond compute, driving investment across power systems, cooling technologies, electrical infrastructure, and ultimately the grid itself. That's why we don't view this as a short-term investment cycle. The work required to power the next generation of AI will take years, creating ongoing opportunity across the broader electrical ecosystem with a very long tail. We are building spin code to lead that transformation. At the same time, Flex is exceptionally well positioned to drive long-term value creation as a leading global manufacturing platform. Following the separation, Flex will remain a global manufacturing leader with a proven playbook and strategy with deep customer relationships across diversified end markets and exposure to attractive long-term secular growth trends. These include healthcare, where an aging population and increasing prevalence of chronic disease are driving demand for medical devices and drug delivery solutions. And robotics and warehouse automation, where regionalization and labor shortages support meaningful opportunities for continued growth. While SpinCo will focus on digital and electrical infrastructure, Flex will continue to benefit from pull-through demand in data centers, Providing contract manufacturing services in the advanced networking and energy infrastructure markets. What remains underappreciated is the strength of the FLEX portfolio and the related opportunity ahead. The same discipline playbook that has driven our transformation over the last seven years will continue to guide FLEX as it enters this next phase of growth. Ultimately, we are creating two distinct and focused leaders. each with the scale, strategy, and opportunity to succeed on its own. Now turning to our transaction update on slide six, our dedicated separation management office and cross-functional teams continue to make tremendous progress towards the separation, and we are on track for tax-free spinoff in the first quarter of calendar 2027. Today, we're also pleased to announce additional leadership appointments for both SpinCo and Flex, effective upon completion of the separation. Thanks to the strong bench and depth of expertise we have built at Flex in recent years, we have strong leadership teams in place for both companies ready to execute from day one, providing confidence, clarity, and continuity for our customers, employees, and shareholders. For more details on the extended leadership teams of each company, please refer to the press release we issued this morning. While it's certainly an exciting and dynamic time at Flex, we're executing from a position of strength. Our teams are winning by delivering incredibly well for our customers and at the same time executing with discipline to deliver exceptional results. We're excited about what's ahead, and we look forward to sharing more in the months to come, including at our Investor Day on November 10th, where we will provide additional details on the path forward for both companies. With that, I'll turn the call over to Kevin, who will walk through the financials in more detail.