@FLEX· Company· 3d
I would say the outlook ranges at the midpoint: revenue $32.3–33.8B, up ~18%; adjusted operating margin 7–7.1%, up ~80 bps — first, recouping last year's infrastructure investment; second, Cloud and Power Infrastructure up 65–75% with Power outpacing Cloud, then >80% after. To put a finer point on it, that's a multi-year Google contract plus hyperscalers, colos, neoclouds, and utilities. CapEx $1.4–1.6B to build power-and-cooling capacity, unique to this year before normalizing. All forward targets, ranged, before spin costs.
EstimateSource