Q2 FY24 Earnings Presentation

Appendix: Reconciliation of GAAP to Non-GAAP Measures TOTAL FLEX Quarter- ended Quarter- ended Quarter- ended Quarter- ended September 29, 2023 June 30, 2023 September 30, 2022 July 01, 2022 ($ in Millions) GAAP operating income Intangible Amortization $376 $291 $325 $272 17 20 21 22 Stock-based compensation expense 45 41 27 26 Restructuring charges 1 23 Legal and other 2 2 10 Non-GAAP operating income $439 $377 $375 $330 GAAP operating margin Non-GAAP operating margin* 5.0% 4.0% 4.2% 3.7% 5.9% 5.1% 4.8% 4.5% *We calculate our Non-GAAP operating margin as non-GAAP operating income divided by revenue for the respective periods. For more details on the GAAP to Non-GAAP adjustments for current and historical periods, please refer to the Investor Relations section of our website which includes press releases and summary financials of the respective periods. flex 19

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