On July 28, Flex Ltd fell 5.48% in pre-market trading, trading at 111.0 USD/share, with turnover of 975,000 USD. The company is scheduled to report quarterly earnings before market open on July 29, and the stock has extended its pullback that began in early July.

Despite consensus expectations pointing to robust growth — with quarterly revenue forecast at approximately 7.557 billion USD, representing a 20.65% year-over-year increase, and adjusted EPS projected at 0.91 USD, a 45.48% year-over-year gain — the stock has experienced sustained selling pressure. The decline follows a period of strength earlier in July when shares rallied nearly 8% on news of an expanded manufacturing partnership with Cerebras Systems to boost AI accelerator production capacity by approximately 7 times.

The broader Electronic Manufacturing Services sector is under notable pressure. Among sector peers, Celestica fell 1.84%, TE Connectivity fell 1.39%, Fabrinet fell 3.53%, Jabil Circuit fell 2.68%, and TTM Technologies fell 4.53%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)