Q2 FY24 Earnings Presentation

Appendix: Reconciliation of Total Flex to Core Flex Q2FY24 ($ in Millions, except for EPS) Total Flex (A) Revenue GAAP Intangible Amortization Stock-based compensation expense Restructuring Charges Legal & Other Noncontrolling interest share of Adjustment for non-GAAP taxes adjustments Non-GAAP $7,471 $7,471 Gross Profit 665 10 1 676 Operating Income 376 17 45 1 439 Net income attributable to Flex $228 17 45 1 8 143 (139) $303 Earnings Per Share $0.51 $0.68 Nextracker (B) Revenue $573 Gross Profit 150 3 Operating Income 94 18 Net income attributable to Flex $43 18 Earnings Per Share $0.10 $573 153 112 143 (150) $54 $0.12 Eliminations (C) Revenue $(34) $(34) Core Flex (A-B & C) Revenue $6,932 $6,392 Gross Profit 515 7 1 523 Operating Income 282 17 27 1 327 Net income attributable to Flex $185 17 27 1 8 11 $249 Earnings Per Share $0.41 $0.56 WASO 21 448 flex

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