Q2 FY24 Earnings Presentation

Q2FY23 GAAP ($ in Millions, except for EPS) Intangible Amortization Stock-based compensation expense Appendix: Reconciliation of Total Flex to Core Flex Noncontrolling interest share of Adjustment for taxes non-GAAP adjustments Non-GAAP Restructuring Charges Legal & Other Interest and Other, net Total Flex (A) Revenue $7,766 $7,766 Gross Profit 591 7 Operating Income 325 21 27 22 2 599 375 Net income attributable to Flex $232 21 27 2 3 6 (2) $289 Earnings Per Share $0.50 $0.63 Nextracker (B) Revenue $473 Gross Profit 66 Operating Income 43 Net income attributable to Flex $37 Earnings Per Share $0.08 $473 66 43 6 $43 $0.09 Eliminations (C) Revenue $(10) $(10) Core Flex (A-B & C) Revenue $7,303 I $7,303 Gross Profit 525 7 2 533 Operating Income 282 21 27 2 332 Net income attributable to Flex $195 21 27 2 3 (2) $246 Earnings Per Share $0.42 $0.53 WASO 22 460 flex

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