Q2 FY24 Earnings Presentation

Appendix: Reconciliation of GAAP to Non-GAAP Measures Quarter- ended Quarter- Ended Quarter- ended ($ in Millions) September 29, 2023 June 30, 2023 March 31, 2023 Quarter- ended December 31, 2022 Quarter- ended Quarter- ended September 30, 2022 July 01, 2022 Net cash provided by operating activities $357 $6 $450 $359 $103 $38 Net capital expenditures Adjusted free cash flow* (144) (156) (180) (157) (187) (91) $213 $(150) $270 $202 $(84) $(53) ($ in Millions) Net cash provided by operating activities Net capital expenditures Adjusted free cash flow* 24 Six-Months ended September 29, 2023 $363 (300) $63 *Adjusted free cash flow is calculated as operating cash flow for the quarter less purchases of property and equipment, net of proceeds from the disposition of property equipment, or net capital expenditures. Adjusted free cash flow is a non-GAAP financial measure and may not be defined and calculated by other companies in the same manner. 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.

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