Flex Ltd (FLEX)

JetCool Launches Turnkey Liquid-Cooled Server Solution to Accelerate Enterprise AI AdoptionJune 25, 2026 4:05 PM
PR Newswire (US) New platform delivers direct-to-chip liquid cooling with end-to-end infrastructure and services, simplifying enterprise deployment of high-density AI computeAUSTIN, Texas, June 25, 2026 /PRNewswire/ -- JetCool, a Flex (NASDAQ: FLEX) company and leading provider of advanced cooling for AI and high-density computing, today announced the launch of a liquid-cooled version of the Dell PowerEdge XE7745 server. The solution combines a fully integrated, liquid-cooled system with commissioning, deployment, and ongoing maintenance services, along with unified warranty coverage across the server and cooling environment. Delivered tested and ready to deploy, it reduces risk, variability, and complexity for enterprise customers.By bringing together server, cooling, and lifecycle services in a single offering, JetCool provides a streamlined path to adopt cost-effective, high-density AI infrastructure through a single, accountable partner.Liquid-Cooled XE7745 Servers: Performance Without Compromise The liquid-cooled Dell PowerEdge XE7745 is based on a proven platform recognized for high performance, density, and cost efficiency. Purpose-built for demanding AI, HPC, and GPU-accelerated workloads, it supports dual 5th Gen AMD EPYC processors and up to eight high-density NVIDIA RTX PRO™ 6000 Blackwell GPUs.To manage these intensive computing demands, JetCool's SmartPlate direct-to-chip liquid cooling removes heat directly from the silicon, effectively managing sustained loads of up to 8 kW per server. This precision-engineered thermal solution delivers substantial efficiency and performance gains over the air-cooled configuration:Superior Thermal Margin: Reduces CPU temperatures by up to 7% and GPU temperatures by up to 11%, helping to maximize performance and prevent thermal throttling under heavy workloads.Significant Power Savings: Achieves up to a 30% reduction in total server power consumption by reducing fan speed up to 70% and fan power by up to 50%.Dramatically Quieter Operation: Lowers acoustic output by up to 23 dB, an approximately 80% reduction in perceived noise per server.By optimizing heat transfer at the chip level, the liquid cooling frees up valuable power and cooling capacity at the rack level, allowing enterprises to deploy more compute density into their existing data center footprints.Designed for rapid, efficient deployment, the system utilizes low-flow operation, allowing enterprises to replace older, less-dense servers without disrupting their existing facility water loops. To simplify the upgrade process, JetCool provides the entire rack-level infrastructure, including the physical racks, mounting hardware, CDUs, manifolds, and fluid distribution equipment, delivering a complete, factory-tested assembly that is ready to install.Value of an End-to-End ApproachBy bringing together the server, cooling, infrastructure, lifecycle services, and warranty into a single, coordinated offering, JetCool simplifies how liquid-cooled systems are procured, deployed, and operated. A single point of support and accountability spans system configuration, delivery, and support, reducing vendor complexity and eliminating gaps in ownership.Powered by Flex's global manufacturing footprint, supply chain depth, and service capabilities, the JetCool solution delivers the consistency and execution that enterprises need to deploy and scale confidently across data centers and regions."Scaling next-generation AI demands a leap forward in compute density, but the real key to success is bringing that power online quickly, safely, and efficiently," said Bernie Malouin, Founder of JetCool and Vice President at Flex. "By delivering the Dell PowerEdge XE7745 as a fully integrated, liquid-cooled system backed by end-to-end services, we're taking the risk out of high-density deployments. We're giving operators a reliable path to get peak performance out of their hardware while keeping their existing facility running predictably."The liquid-cooled Dell PowerEdge XE7745 platform is available directly from JetCool. To learn more, visit https://jetcool.com/Dell.About Flex Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.For information about Flex's intent to spin off its Cloud and Power infrastructure portfolio, visit: https://investors.flex.com/transaction-resources/default.aspxAbout JetCoolJetCool, a Flex company, is a global leader in advanced thermal management for compute-intensive applications. Trusted by top chipmakers, OEMs, and data centers, JetCool delivers a portfolio of liquid cooling solutions that enhance performance, increase energy efficiency, and support sustainability goals. Engineered for the demands of artificial intelligence (AI) and next-generation computing, JetCool technologies deliver reliable, scalable performance for data centers around the world.Contacts Media & Press 
Christie Haber 
Senior Director, Commercial Marketing 
(602) 245-1057 
Christie.Haber@flex.com Investors & Analysts 
Michelle Simmons 
Senior Vice President, Global Investor Relations and Public Relations 
(669) 242-6332 
Michelle.Simmons@flex.com View original content to download multimedia:https://www.prnewswire.com/news-releases/jetcool-launches-turnkey-liquid-cooled-server-solution-to-accelerate-enterprise-ai-adoption-302811212.htmlSOURCE Flex Original: JetCool Launches Turnkey Liquid-Cooled Server Solution to Accelerate Enterprise AI Adoption

Chase Corporation Acquires SheldahlJune 9, 2026 4:30 PM
PR Newswire (US) Expands Aerospace and Electronics Engineered Materials CapabilitiesWESTWOOD, Mass. and NORTHFIELD, Minn., June 9, 2026 /PRNewswire/ -- Chase Corporation ("Chase"), a leading global provider of engineered materials for high-reliability applications, today announced it has acquired Sheldahl from Flex (NASDAQ: FLEX). Sheldahl designs and manufactures specialized coated films, laminates, and flexible circuit technologies for aerospace, automotive, industrial, and medical markets. For more than 70 years, Sheldahl has developed advanced materials and manufacturing processes for high-performance applications, including thin-film technologies used in major commercial and defense space programs."Sheldahl is a strong strategic fit for Chase and represents a highly attractive growth investment that expands our capabilities in specialized, highly-engineered thin-film solutions for specification-driven, mission-critical applications," said Eric Conley, Chief Executive Officer of Chase Corporation. "Sheldahl has built an impressive business with differentiated manufacturing expertise, decades of heritage supporting landmark space missions from Apollo 11 to the James Webb Space Telescope, and strong relationships with leading OEM customers. We look forward to building on those strengths and supporting the company's continued growth."Sheldahl employees will join Chase's broad-based ownership program, which provides employees with the opportunity to participate in the benefits of equity ownership.The transaction closed upon signing. Financial terms were not disclosed.Kirkland & Ellis LLP served as legal advisor to Chase. Guggenheim Securities, LLC served as financial advisor, and Fredrikson & Byron, P.A. served as legal advisor to Flex.About Chase CorporationFounded in 1946, Chase Corporation is a global leader in the development and manufacture of engineered materials for high-reliability applications. Its products deliver enhanced performance and durability in demanding environments, serving customers in the industrial, infrastructure, and electronics sectors.For more information, visit www.chasecorp.com.About SheldahlSheldahl specializes in the design and manufacture of highly-engineered materials and manufacturing processes for high-performance applications. With over 70 years of innovation and a vertically integrated manufacturing footprint, Sheldahl serves customers across North America and globally in the space, automotive, industrial, and medical sectors.For more information, visit www.sheldahl.com.Media Contact:
Corporate Communications
corporatecommunications@chasecorp.com View original content to download multimedia:https://www.prnewswire.com/news-releases/chase-corporation-acquires-sheldahl-302795615.htmlSOURCE CHASE CORPORATION Original: Chase Corporation Acquires Sheldahl

Flex to Join S&P 500 IndexJune 9, 2026 4:05 PM
PR Newswire (US) Milestone reflects company's transformation and consistent performanceAUSTIN, Texas, June 9, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced it has been selected to join the S&P 500 Index, effective prior to the open of trading on Monday, June 22, 2026."Joining the S&P 500 is a landmark milestone that validates our transformation, our growth strategy and our commitment to driving significant value for our investors," said Revathi Advaithi, Chief Executive Officer of Flex. "This recognition reflects the strength of that evolution and the dedication of our employees, whose work continues to enable innovation for customers worldwide."The S&P 500 is one of the most widely followed benchmarks of the U.S. equity market, tracking 500 of the largest publicly traded companies. Inclusion reflects factors such as market capitalization, liquidity, and sustained financial performance, and is widely seen as a marker of scale and market relevance.About FlexFlex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.For information about Flex's intent to spin off its Cloud and Power Infrastructure segment, visit: https://flex.com/transaction-resourcesInvestors & Press ContactsMichelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
michelle.simmons@flex.comPress
press@flex.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/flex-to-join-sp-500-index-302795474.htmlSOURCE Flex Original: Flex to Join S&P 500 Index

Wall Street Futures Signal Stronger Start to Tuesday Trading: Dow Jones, S&P, NasdaqJune 9, 2026 9:18 AM
IH Market News U.S. stock futures pointed to a firmer open on Tuesday, suggesting markets could extend gains after finishing the previous session mostly higher, despite retreating significantly from their intraday peaks. Investor sentiment appeared to improve following a sharp decline in oil prices, with U.S. crude futures falling more than 2%. Oil prices dropped below $90 per barrel after President Donald Trump stated that the United States and Iran could reach a peace agreement within “two or three days.” Trump also told reporters that the Strait of Hormuz would reopen “immediately” once an agreement is finalized, although similar comments in recent weeks about an imminent deal have yet to result in a formal breakthrough. Market participants may also continue to seek buying opportunities after last Friday’s broad sell-off, which left many stocks trading at lower valuations. Stocks rallied strongly at the start of Monday’s session as investors returned to the market following Friday’s sharp decline. However, gains faded as trading progressed, and the major indices finished well below their highs, with the Dow eventually slipping into negative territory. After climbing as much as 1.8% during the session, the Nasdaq finished up 220.23 points, or 0.9%, at 25,929.66. The S&P 500 added 21.99 points, or 0.3%, to close at 7,405.73, while the Dow Jones Industrial Average fell 80.77 points, or 0.2%, to 50,786.01. The initial recovery on Wall Street was driven in part by bargain hunting after Friday’s sell-off pushed the Nasdaq to its lowest closing level in a month. As the session progressed, enthusiasm moderated as oil prices remained elevated amid reports that Israel and Iran had exchanged missile strikes over the weekend. Crude prices later retreated from their highs after President Donald Trump said Israel and Iran were “looking to do an immediate ceasefire.” “Final negotiations on ‘Peace’ are proceeding, subject to ignorance or stupidity getting in its way,” Trump said in a post on Truth Social. “The Blockade will remain in place, and in full force and effect, until a ‘Final Deal’ is reached. Things should move quickly.” While broader market gains faded, semiconductor stocks maintained strong momentum. The Philadelphia Semiconductor Index surged 5.6%, recovering part of the 10.3% decline recorded in the previous session. Marvell Technology (NASDAQ:MRVL) jumped 9.6% after it was announced that the chipmaker will join the S&P 500 index alongside electronics manufacturing services company Flex (NASDAQ:FLEX). Nvidia (NASDAQ:NVDA) gained 1.7% after unveiling a multi-year technology partnership with SK hynix aimed at advancing next-generation memory solutions for AI infrastructure and accelerating semiconductor development and manufacturing. Higher oil prices also supported energy-related shares, with the Philadelphia Oil Service Index advancing 3.6%. Oil producers and computer hardware companies posted notable gains, while utilities and commercial real estate stocks faced pressure as Treasury yields continued to move higher. Marvell Technology stock price Flex stock price Nvidia stock price Original: Wall Street Futures Signal Stronger Start to Tuesday Trading: Dow Jones, S&P, Nasdaq

Marvell Technology and Flex Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600June 5, 2026 7:25 PM
PR Newswire (US) NEW YORK, June 5, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 22, 2026, to coincide with the quarterly rebalance. The changes ensure that each index is more representative of its market capitalization range. The companies being removed from S&P MidCap 400 and S&P SmallCap 600 are no longer representative of the mid-cap and small-cap market space, respectively. Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective DateIndex Name       ActionCompany NameTickerGICS SectorJune 22, 2026S&P 500AdditionMarvell TechnologyMRVLInformation TechnologyJune 22, 2026S&P 500DeletionPool CorpPOOLConsumer DiscretionaryJune 22, 2026S&P 500AdditionFlexFLEXInformation TechnologyJune 22, 2026S&P 500DeletionThe Campbell's CompanyCPBConsumer StaplesJune 22, 2026S&P MidCap 400AdditionRokuROKUCommunication ServicesJune 22, 2026S&P MidCap 400DeletionFlex FLEXInformation TechnologyJune 22, 2026S&P MidCap 400AdditionCoeur MiningCDEMaterialsJune 22, 2026S&P MidCap 400DeletionBellRing Brands BRBRConsumer StaplesJune 22, 2026S&P MidCap 400AdditionSemtechSMTCInformation TechnologyJune 22, 2026S&P MidCap 400DeletionCotyCOTYConsumer StaplesJune 22, 2026S&P MidCap 400AdditionSanminaSANMInformation TechnologyJune 22, 2026S&P MidCap 400DeletionConcentrix CNXCIndustrialsJune 22, 2026S&P MidCap 400AdditionViavi Solutions VIAVInformation TechnologyJune 22, 2026S&P MidCap 400DeletionBlackbaud BLKBInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionPoolPOOLConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionEmbecta EMBCHealth CareJune 22, 2026S&P SmallCap 600AdditionThe Campbell's CompanyCPBConsumer StaplesJune 22, 2026S&P SmallCap 600DeletionUniversal Health Realty Trust UHTReal EstateJune 22, 2026S&P SmallCap 600AdditionCotyCOTYConsumer StaplesJune 22, 2026S&P SmallCap 600DeletionSemtechSMTCInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionConcentrix CNXCIndustrialsJune 22, 2026S&P SmallCap 600DeletionSanmina SANMInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionBlackbaudBLKBInformation TechnologyJune 22, 2026S&P SmallCap 600DeletionViavi SolutionsVIAVInformation TechnologyJune 22, 2026S&P SmallCap 600AdditionCredit Acceptance CACCFinancialsJune 22, 2026S&P SmallCap 600DeletionOxford IndustriesOXMConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionLazardLAZFinancialsJune 22, 2026S&P SmallCap 600DeletionGogoGOGOCommunication ServicesJune 22, 2026S&P SmallCap 600AdditionEastern BanksharesEBCFinancialsJune 22, 2026S&P SmallCap 600DeletionPRA GroupPRAAFinancialsJune 22, 2026S&P SmallCap 600AdditionWesbancoWSBCFinancialsJune 22, 2026S&P SmallCap 600DeletionInsteel IndustriesIIINIndustrialsJune 22, 2026S&P SmallCap 600AdditionWarby ParkerWRBYConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionEthan Allen InteriorsETDConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionNicolet BanksharesNICFinancialsJune 22, 2026S&P SmallCap 600DeletionCytek BiosciencesCTKBHealth CareJune 22, 2026S&P SmallCap 600AdditionLiquidia LQDAHealth CareJune 22, 2026S&P SmallCap 600DeletionMonroMNROConsumer DiscretionaryJune 22, 2026S&P SmallCap 600AdditionRush Street InteractiveRSIConsumer DiscretionaryJune 22, 2026S&P SmallCap 600DeletionVital FarmsVITLConsumer StaplesJune 22, 2026S&P SmallCap 600AdditionUnited States Lime & MineralsUSLMMaterialsJune 22, 2026S&P SmallCap 600DeletionCable OneCABOCommunication ServicesJune 22, 2026S&P SmallCap 600AdditionInvenTrust PropertiesIVTReal EstateJune 22, 2026S&P SmallCap 600DeletionForward AirFWRDIndustrialsABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.FOR MORE INFORMATION:S&P Dow Jones Indices
index_services@spglobal.comMedia Inquiries
spdji.comms@spglobal.com View original content:https://www.prnewswire.com/news-releases/marvell-technology-and-flex-set-to-join-sp-500-others-to-join-sp-midcap-400-and-sp-smallcap-600-302793159.htmlSOURCE S&P Dow Jones Indices Original: Marvell Technology and Flex Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

Flex Showcases Scalable Power Solutions for Next-Generation AI Infrastructure at COMPUTEX 2026June 1, 2026 6:00 PM
PR Newswire (US) New power shelf for NVIDIA Vera Rubin NVL72 platforms, 30 kW capacitive energy storage system and power modules advance the transition to 800 VDC power architecturesNews summary110 kW power shelf supports scalable power distribution for NVIDIA Vera Rubin NVL72 platforms and future high-density AI rack architectures30 kW capacitive energy storage system (CESS) helps smooth dynamic AI workloads and improve power quality across traditional AC and emerging 800 VDC environmentsBMR317 intermediate bus converter extends Flex's chip-level power portfolio with compact, high-efficiency power modules for high-density compute platformsTAIPEI, June 1, 2026 /PRNewswire/ -- Flex today introduced new additions to its power portfolio at COMPUTEX 2026, showcasing high-efficiency solutions designed to build and scale infrastructure for increasingly demanding AI workloads. The new solutions include a 110 kW power shelf for NVIDIA Vera Rubin NVL72 platforms, a 30 kW Capacitive Energy Storage System (CESS), and the BMR317 intermediate bus converter for high-density compute platforms. The new products will be showcased at COMPUTEX 2026 from June 2–5 at Flex booth #J0132.As AI deployments continue driving unprecedented increases in rack power density and infrastructure complexity, Flex's latest power innovations are designed to improve efficiency, power quality, scalability and performance across AI data center environments. The solutions also support the industry's transition toward future 800 VDC architectures."The rapid growth of AI is driving new demands on data center power infrastructure, from rack-scale distribution to processor-level power delivery," said Chris Butler, President, Embedded and Critical Power, Flex. "At COMPUTEX 2026, we are showcasing how Flex helps customers scale AI infrastructure more efficiently with high-density power solutions designed for performance, quality, and efficiency."The new 110 kW power shelf is designed to support NVIDIA Vera Rubin NVL72 platforms and other high-density AI environments. The solution enables modular rack-level power distribution and power disaggregation, helping customers maximize GPU density and infrastructure efficiency within the IT rack. Designed as a building block for future 800 VDC deployments, the power shelf supports scalable AI factory architectures while simplifying rack power management.Flex will also showcase a new 30 kW CESS designed to improve power quality and stabilize highly dynamic AI workloads. Compatible with both traditional AC and emerging 800 VDC environments, the rack-integrated solution works alongside battery energy storage systems (BESS) and UPS architectures to help smooth transient AI power demands and improve infrastructure resiliency. The system supports both 19-inch and 21-inch rack configurations, enabling deployment flexibility across modern AI data centers.To extend its AI power portfolio to high-density compute platforms, Flex also introduced the BMR317 intermediate bus converter, a compact, high-efficiency power module designed to support fast, dynamic AI processor loads in accelerator cards, servers and xPU platforms.The new products join Flex's Cloud and Power Infrastructure portfolio, which enables customers to build and scale the products and digital infrastructure powering the world's most demanding AI workloads. Additional information about Flex's power portfolio is available here: https://flex.com/industries/data-center#powerAbout Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.For information about Flex's intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resourcesMedia contactsMedia & Press 
Christie Haber? 
Senior Director, Commercial Marketing? 
(602) 245-1057? 
press@flex.com? Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com View original content to download multimedia:https://www.prnewswire.com/news-releases/flex-showcases-scalable-power-solutions-for-next-generation-ai-infrastructure-at-computex-2026-302787411.htmlSOURCE Flex Original: Flex Showcases Scalable Power Solutions for Next-Generation AI Infrastructure at COMPUTEX 2026

Flex to Participate in Upcoming Investor ConferencesMay 22, 2026 4:05 PM
PR Newswire (US) AUSTIN, Texas, May 22, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) has announced that members of its leadership team will participate in the following upcoming investor conferences:KeyBanc Industrials and Basic Materials Conference
Date: Wednesday, May 27, 2026
Meetings only; no formal presentation or webcastBank of America Global Technology Conference
Date: Tuesday, June 2, 2026
Presentation time: 5:20 p.m. CT / 6:20 p.m. ETThe live webcast presentation will be available on the Flex Investor Relations website at investors.flex.com. A replay of the webcast will be available on the investor relations website following the conclusion of the event.About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.Media, Investors, & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/flex-to-participate-in-upcoming-investor-conferences-302780425.htmlSOURCE Flex Original: Flex to Participate in Upcoming Investor Conferences

Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment into a New Independent Publicly Traded CompanyMay 5, 2026 4:06 PM
PR Newswire (US) Spin-off will create two companies with distinct growth strategies that are poised to drive significant customer and shareholder valueNews summaryThe new company ("SpinCo") will be a high-growth critical digital and electrical infrastructure company, delivering end-to-end power and thermal management technologies and integrated infrastructure systems for AI data centers and mission-critical applications.Flex will continue as a leading advanced manufacturing company, designing and building highly complex products and services at global scale for premier brands across diversified end markets, with a disciplined focus on portfolio optimization, durable cash flow, and shareholder returns.Revathi Advaithi will become CEO of SpinCo. She will also serve as Chairman of the Board of Directors of Flex for a transitional period upon the completion of the spin-off.Michael Hartung will be named CEO of Flex.Transaction intended to be tax-free to shareholders and targeted to close in the first quarter of calendar 2027.AUSTIN, Texas, May 5, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that its Board of Directors has unanimously approved moving forward with a plan to spin off its Power and Cloud portfolio from Flex, creating two independent, publicly traded companies, each optimally positioned to serve their customers and create value for their shareholders."Today's announcement is the next step in a deliberate transformation that has reshaped Flex into a technology-focused industrial company over the past seven years," said Revathi Advaithi, Chief Executive Officer of Flex. "By creating two focused, independent companies, we are giving SpinCo the platform to build and scale the products and digital infrastructure that the world's most demanding AI workloads depend on, and Flex the focus to deliver advanced manufacturing solutions at global scale for diversified industries. We believe each company will have the strategic clarity and dedicated leadership to drive exceptional outcomes for its respective customers and shareholders. I'm excited to be part of the journey for both companies."Benefits of the spin-offAs separate companies, SpinCo and Flex are expected to benefit from:Sharpened strategic focus and executionDistinct financial profiles and capital allocation policiesImproved transparency around performance and expectationsUnique investment approaches to fund long-term profitable growthTwo leading companies with distinct growth strategiesSpinCo: A global leader in critical digital infrastructure, delivering end-to-end power and thermal management technologies for AI data centers and mission-critical applications SpinCo enables the scalable and reliable deployment of high-density digital and electrical infrastructure for diverse end markets like AI data centers and utilities. By integrating power, cooling, and compute at the system level, SpinCo delivers coordinated, system-level solutions designed to replace fragmented, multi-vendor approaches—enabling customers to achieve faster time-to-capacity, improved infrastructure reliability, and scalable performance as power densities and thermal complexity continue to increase.SpinCo is well positioned to benefit from long-duration secular trends, including electrification, rising power intensity, and increasing infrastructure complexity. These dynamics are driving a sustained, multi-year buildout of digital infrastructure, particularly as artificial intelligence adoption accelerates. With a differentiated technology portfolio spanning power distribution, thermal management, and integrated infrastructure systems, from grid to chip, deep customer relationships, and a globally integrated engineering, manufacturing, and service model spanning 22 engineering and manufacturing centers, SpinCo is positioned to grow share and pursue targeted acquisitions to expand its capabilities.As an independent company with experienced leadership and dedicated capital allocation, SpinCo will have the operational focus and strategic flexibility to execute on its growth opportunities. Flex is targeting SpinCo to generate approximately 65% - 75% revenue growth in fiscal 2027, with an acceleration to 80%+ in fiscal 2028.Flex: A future-ready manufacturing partner designed for speed, scale, and resilienceFollowing the spin-off, Flex will continue to operate as a leading global manufacturing partner organized into two segments—Integrated Technology Solutions and Regulated Manufacturing Solutions—delivering design, vertically integrated manufacturing, and supply chain solutions enabled by automation, digital factories, and advanced processes. The company will serve the healthcare, industrial, automotive, communications, and lifestyle end markets. As customers face increasing product complexity, tighter development timelines, and growing regionalization requirements, Flex will help accelerate time to market and enable global scale through its end-to-end capabilities. With more than 75 manufacturing and logistics sites across 30 countries, Flex provides customers with sourcing flexibility and operational resilience amid ongoing supply chain and geopolitical disruptions. Following the spin-off, the company is expected to continue to be well-positioned to benefit from long-term secular growth trends, including the expansion of connected medical devices, drug delivery systems, energy infrastructure, robotics, satellite communications, and advanced networking. With a simplified portfolio and sharper strategic focus, we believe Flex is positioned to expand margins and actively optimize its portfolio toward higher-growth opportunities—driving strong cash flow and shareholder returns over the next few years.Flex, excluding SpinCo, is expected to be strongly positioned for low-to-mid-single-digit growth, continued margin expansion, cash generation, and a robust capital return framework."After more than 20 years with the company, I'm honored to help lead Flex into its next chapter," said Michael Hartung. "We're well positioned to build on our longstanding foundation of global scale, operational excellence, and deep customer partnerships across regulated and technology-driven industries. By remaining focused on our strategic priorities and executing our proven playbook, we will continue to be the global manufacturer behind the products and systems that keep the world running, while delivering meaningful, long-term value for our customers and shareholders."Additional details of the transaction will be posted on the company's website.Citi, PJT Partners and BofA Securities are serving as financial advisors to Flex in connection with the spin-off.Media, Investors, & AnalystsMichelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
michelle.simmons@flex.comMedia
press@flex.comDan Moore / Ed Hammond / Clayton Erwin
Flex-CS@collectedstrategies.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "will," and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned spin-off of our cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the spin-off and the ability to complete the spin-off; the anticipated benefits of the spin-off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the spin-off for U.S. federal income tax purposes; the expected future performance of each company following completion of the spin-off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.Risks and uncertainties related to the proposed spin-off include, but are not limited to: uncertainties as to whether the spin-off will be completed and the timing thereof; the possibility that various conditions to the completion of the spin-off may not be satisfied or waived; the possibility that the spin-off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the spin-off may be more difficult, time-consuming, or costly than expected, including the impact on Flex's resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the spin-off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the spin-off; disruption from the spin-off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the spin-off; diversion of management's attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the spin-off; uncertainty regarding the financial performance of either company following the spin-off; negative effects of the announcement or pendency of the spin-off on the market price of Flex's securities and/or on Flex's financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the spin-off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to our business is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and in our subsequent filings with the U.S. Securities and Exchange Commission. All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.  View original content to download multimedia:https://www.prnewswire.com/news-releases/flex-announces-intention-to-spin-off-its-cloud-and-power-infrastructure-segment-into-a-new-independent-publicly-traded-company-302763151.htmlSOURCE Flex Original: Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment into a New Independent Publicly Traded Company

Flex Completes Acquisition of Electrical Power Products (EP²)May 4, 2026 9:05 AM
PR Newswire (US)

News summaryExpands Flex's Critical Power portfolio with engineered-to-order electrical power control and protection capabilities Strengthens utility and power generation market presence through deep engineering expertise and U.S. manufacturing scaleSupports long term growth driven by grid modernization, electrification, data center demand, and U.S. reshoringAUSTIN, Texas, May 4, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced the completion of its acquisition of Electrical Power Products, Inc. ("EP²"), a leading provider of engineered-to-order electrical power control and protection systems.EP² expands Flex's Critical Power offering, adding engineered-to-order capabilities that support utility, power generation and data center customers. The addition strengthens Flex's ability to deliver scalable, customized power control and protection solutions for grid modernization, electrification, and growing data center demand, while adding a scaled Midwest manufacturing presence that supports U.S. reshoring initiatives. EP²'s employees, leadership, and facilities will be integrated into Flex's Embedded and Critical Power business."We are pleased to welcome the EP² team to Flex," said Revathi Advaithi, Chief Executive Officer of Flex. "This acquisition strengthens our Critical Power platform and supports our strategy to meet growing demand for resilient electrical infrastructure. EP²'s engineering expertise, customer-focused culture, and utility-grade solutions further enhance our power portfolio."Headquartered in Des Moines, Iowa, EP² brings more than 35 years of experience designing, integrating, and manufacturing highly engineered control and relay panels, as well as modular, integrated control buildings, for a diverse base of long-standing customers.About FlexFlex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For more information, visit flex.com.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to the anticipated benefits of the acquisition of Electrical Power Products, Inc. and general business outlook. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. These risks include: the possibility that we may not fully realize the projected benefits of the acquisition in a timely manner or at all; business disruption following the acquisition; diversion of management time on acquisition- and integration-related issues; the combined operations may not be successfully integrated; the reaction of customers and other persons to the acquisition; and other events that could adversely impact the anticipated benefits of the acquisition, including industry or economic conditions outside of our control. In addition, actual results are subject to other risks and uncertainties that relate more broadly to our overall business, including those more fully described in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and in our subsequent filings. Flex assumes no obligation to update any forward-looking statements, which speak only as of the date they are made, except as required by applicable law.Investor and Press ContactsInvestors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.comPress Contact
press@flex.com





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Original: Flex Completes Acquisition of Electrical Power Products (EP²)

Flex and Teradyne Robotics Expand Partnership to Scale Intelligent Automation Across Global ManufacturingApril 22, 2026 9:05 AM
PR Newswire (US)

News summaryTeradyne Robotics solutions are part of Flex's effort across its global manufacturing footprint to standardize automation and accelerate productivity.Flex manufactures core robotics components for Teradyne Robotics, enabling scalable production and rapid global deployment of automation solutions.Expansion builds on a 20-year partnership manufacturing Teradyne semiconductor test equipment, extending collaboration into intelligent automation.AUSTIN, Texas, April 22, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) and Teradyne Robotics are expanding their collaboration to accelerate intelligent automation across global manufacturing. Under the expanded relationship, Flex plays a dual role by deploying Teradyne Robotics solutions within its own production facilities while manufacturing key robotics components that enable scalable automation deployments for Teradyne Robotics customers worldwide.Teradyne Robotics brands Universal Robots (UR) and Mobile Industrial Robots (MiR) play a central role in the partnership. Flex manufactures key components for UR while deploying its collaborative industrial robots (cobots) and MiR autonomous mobile robots (AMRs) in Flex production environments. The combination of manufacturing and real-world deployment provides continuous operational feedback, validating robotics technologies at scale and enabling faster replication of successful automation workflows."For more than 20 years, Flex and Teradyne have partnered to deliver semiconductor equipment at global scale," said Dennis Kirkpatrick, President of Lifestyle, Consumer Devices, and Core Industrial, Flex. "Expanding our relationship into robotics and intelligent automation builds on a strong foundation, combining Teradyne Robotics' industry-leading technologies with Flex's advanced manufacturing capabilities, global footprint and execution expertise."Flex supports Teradyne with advanced manufacturing, systems integration and global supply chain execution for semiconductor test platforms used across electronics and semiconductor production environments. Extending the partnership into manufacturing automation solutions reflects a natural evolution, leveraging shared expertise to address rising complexity, scale requirements, and the need for greater flexibility across modern production operations."Working closely with Teradyne Robotics as an automation partner allows us to scale intelligent automation while supporting increasingly complex manufacturing environments for customers in electronics, industrial equipment, data center infrastructure and other critical sectors," said Rodrigo DallOglio, President of Operational Excellence & Transformation, Flex.Teradyne Robotics and Flex deliver next-generation intelligent automation applications that incorporate physical AI technologies designed to enable more adaptive, flexible solutions within increasingly complex production environments."Flex's experience in manufacturing complex products across industries, combined with its global scale and resilient supply chain, makes it an ideal partner for advancing intelligent automation," said Jean-Pierre Hathout, President of the Teradyne Robotics Group. "Together, we're accelerating the adoption of robotics technologies that improve productivity, flexibility and operational resilience across manufacturing environments worldwide."As part of its ongoing work to advance next generation automation, Teradyne Robotics is integrating emerging physical AI technologies into its collaborative industrial robots and AMRs to help manufacturers address growing operational complexity. By combining these capabilities with Flex's manufacturing expertise and real-world deployment environments, the two companies are accelerating the validation and scaling of more adaptive, intelligent automation solutions that can respond to dynamic production needs and improve consistency, throughput, and efficiency across applications and global facilities.Learn more about Teradyne Robotics solutions and Flex's capabilities in robotics-enabled manufacturing and automation.About Flex Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.About Teradyne Robotics Teradyne Robotics is a global leader in advanced robotics solutions, dedicated to revolutionizing manufacturing processes through innovation in collaborative and mobile robotic technology.Teradyne Robotics companies, Universal Robots and Mobile Industrial Robots (MiR) empower businesses of all sizes to enhance operational efficiency by integrating the power of machines with human talent. Our comprehensive range of solutions enables companies to optimize manufacturing processes, leading to improved product quality, and increased productivity, while greatly improving worker safety.Teradyne Robotics is a division of Teradyne, Inc. (NASDAQ: TER), a leading provider of automated test equipment and advanced robotics. For more information, visit teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc. in the U.S. and other countries.Media contactsMedia & Press 
Christie Haber? 
Director, Commercial Marketing? 
(602) 245-1057? 
press@flex.com? Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com





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Original: Flex and Teradyne Robotics Expand Partnership to Scale Intelligent Automation Across Global Manufacturing

Flex Announces Agreement to Acquire Electrical Power Products (EP²)March 30, 2026 9:05 AM
PR Newswire (US)

News summaryLeader in engineered-to-order electrical power control and protection systemsSignificantly expands Flex's Critical Power portfolio with deep utility, power generation, and industrial expertiseAdds strong engineering talent, major Midwest manufacturing footprint, and long-term customer relationshipsAUSTIN, Texas, March 30, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) announced today that it has entered into a definitive agreement to acquire Electrical Power Products, Inc. ("EP2"), a leading provider of engineered-to-order electrical power control and protection systems. The all-cash transaction is valued at approximately $1.1 billion and also reflects anticipated tax benefits valued at approximately $0.1 billion (approximately $1.0 billion after tax benefits). The transaction is expected to be accretive to adjusted EPS in the first full fiscal year after close.EP2 has more than 35 years of experience designing, integrating, and manufacturing highly engineered control and relay panels and modular, integrated control buildings for utility, power generation, and industrial customers. EP2 serves a diverse set of longstanding customers and operates a scaled manufacturing campus in Des Moines, Iowa."The addition of EP2 expands our capabilities to play a larger role in modernizing the electrical backbone of the U.S., while broadening the portfolio of critical power technologies we can offer our customers," said Revathi Advaithi, Chief Executive Officer of Flex. "As utilities operators navigate unprecedented demand and complexity, EP2's engineered-to-order expertise and customer centric approach will strengthen our ability to deliver dependable, scalable, and innovative power solutions." "This agreement positions EP2 to accelerate growth while continuing our customer focused, engineering driven culture," said Tim O'Donnell, President of EP2. "Flex's scale, global capabilities, and commitment to investment support long-term opportunity for our employees and customers. We look forward to joining Flex and building on our momentum." This acquisition complements and expands Flex's exposure to high-growth, margin-accretive end markets shaped by long-term trends such as grid modernization, electrification, data center buildout, and U.S. reshoring. It broadens the Critical Power portfolio, deepens Flex's utility presence, and enhances engineered-to-order power distribution and control capabilities.EP2 is expected to generate revenue of approximately $323 million in fiscal year ending March 31, 2026, with anticipated double digit organic growth and a mid to high-teens adjusted EBITDA margin profile. The transaction is expected to close in the first quarter of Flex's fiscal year 2027, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Act.Flex management will further discuss the acquisition on its upcoming earnings call.Citi is serving as exclusive financial advisor to Flex. RA Capital Associates LLC is serving as exclusive financial advisor to Electrical Power Products, Inc.About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "will," and similar expressions identify forward-looking statements. These forward-looking statements include statements related to our planned acquisition of Electrical Power Products, Inc., the expected timing of the closing of the acquisition, the anticipated benefits of the acquisition, and our general business outlook. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. These risks include, among others: the failure to obtain, or delays in obtaining, required regulatory or other approvals or to satisfy other closing conditions on a timely basis or at all; the possibility that the transaction will not close or that the closing may be delayed; costs, expenses, or liabilities related to the transaction, whether or not consummated; disruption to our business as a result of the transaction; the inability to retain key personnel; diversion of management's attention from ongoing business operations; difficulties in integrating the acquired business; and the risk that expected benefits of the acquisition may not be realized or may take longer to realize than expected. In addition, actual results are subject to other risks and uncertainties relating to our business, including those more fully described in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings we make with the SEC. All forward-looking statements in this press release are made as of the date hereof, and Flex undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.Media contactsInvestors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.comMedia & Press 
press@flex.com 





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Original: Flex Announces Agreement to Acquire Electrical Power Products (EP²)

Flex Accelerates AI Factory Deployment with NVIDIA Omniverse DSX Reference DesignsMarch 16, 2026 4:30 PM
PR Newswire (US)

Prefabricated modular solutions integrate power, compute and cooling to cut deployment timelines by up to 30%News summaryModular solutions combine Flex's advanced manufacturing scale and systems integration expertise with NVIDIA AI infrastructureFeature 800 VDC Power Rack, high-density IT racks, advanced liquid cooling and critical power infrastructureLeverage Flex's extensive global footprint, including 18+ million square feet across 35+ locations in the Americas, to meet growing AI infrastructure demands in the U.S.SAN JOSE, Calif., March 16, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced new reference designs for NVIDIA Omniverse DSX Blueprint to accelerate giga-scale AI factory deployment. Built under Flex's AI Infrastructure Platform, the prefabricated modular designs combine power, high-density IT racks and cooling into factory-integrated systems engineered for speed, scalability and system-level performance."Speed and manufacturing scale now define competitive advantage in AI infrastructure," said Michael Hartung, President and Chief Commercial Officer at Flex. "These reference designs bring together Flex's advanced manufacturing footprint and integration expertise with NVIDIA's AI-driven platform leadership. By engineering the full infrastructure stack as a unified system, we help customers overcome the power, heat and scale challenges of the AI era and bring capacity online faster."The reference designs feature hybrid architectures that support phased migration from traditional AC environments to 800 VDC power architectures. Pre-engineered and factory-built modular systems reduce on-site complexity and enable up to 30% faster deployment compared to traditional construction approaches.At the core of the reference designs are several new innovations:800 VDC Power Rack – Developed in collaboration with NVIDIA, the 800 VDC Power Rack features a disaggregated architecture and Flex's power shelf for the NVIDIA Vera Rubin platform. By shifting power components outside the IT rack, the design maximizes space for compute, enabling higher GPU density, improved communication and greater performance per rack.Advanced liquid cooling – Secondary fluid networks and centralized cooling distribution units (CDUs) enable efficient heat removal to support power-intensive AI workloads.Integrated IT racks – High-density, liquid-cooled racks house AI servers along with integrated networking and high-speed interconnects to support low-latency, high-bandwidth communication.Critical power infrastructure – Dedicated high-capacity power feeds, redundant busway systems with rack-level tap-offs, and integrated power distribution cabinets and units provide scalable, reliable power delivery across the deployment.Flex is actively building prefabricated modular solutions for hyperscalers today, including at its 400,000-square-foot Dallas facility purpose-built for data center infrastructure. With more than 18 million square feet across 35+ locations in the Americas — including Austin, Texas and Guadalajara, Mexico — Flex's scale and regional presence significantly shorten lead times for U.S. data center operators.To learn more about Flex's reference designs and AI infrastructure platform, visit: https://flex.com/resources/flex-ai-infrastructure-platformMedia contactsMedia & Press 
Christie Haber? 
Director, Commercial Marketing? 
(602) 245-1057? 
press@flex.com? Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com  





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Original: Flex Accelerates AI Factory Deployment with NVIDIA Omniverse DSX Reference Designs

JetCool Collaborates with Broadcom to Deliver Innovative Liquid Cooling for Next-Generation AI XPUsMarch 11, 2026 9:05 AM
PR Newswire (US)

AUSTIN, Texas, March 11, 2026 /PRNewswire/ -- JetCool, a Flex (NASDAQ: FLEX) company and a leading provider of end-to-end liquid cooling solutions for high-density compute, today announced it has collaborated with Broadcom to deliver liquid cooling for next-generation AI XPUs, backed by Flex's global mass production capabilities.As AI training and inference workloads accelerate, silicon power densities are advancing into sustained multi-kilowatt ranges per device. Thermal architecture now directly impacts system performance, long-term reliability, and deployment timelines. Through this collaboration, JetCool has developed a single-phase direct-to-chip cooling solution designed to integrate with Broadcom's mechanical and thermal reference architecture, enabling sustained multi-kilowatt ASIC operation at heat flux levels of 4 W/mm² per device.By aligning silicon design, advanced packaging, mechanical integration, and thermal engineering early in development, Broadcom and JetCool are enabling AI platforms engineered for performance and repeatable manufacturing. Combining JetCool's direct-to-chip liquid cooling, Flex's global manufacturing scale, and Broadcom's custom AI silicon expertise, the partnership establishes a production-ready thermal foundation for hyperscale AI infrastructure."At Broadcom, we design AI systems to lead at hyperscale," said Ken Kutzler, VP of AI Systems Development for Broadcom's ASIC Products Division. "Supporting multi-kilowatt ASIC platforms requires a tight coordination across silicon architecture, advanced packaging, power delivery, and thermal engineering. Our partnership with JetCool, combined with Flex's manufacturing and integration capabilities, provides a clear path from advanced ASIC innovation to high-volume AI XPU deployment.""Cooling has become a primary design constraint for next-generation AI silicon," said Bernie Malouin, PhD, VP, Liquid Cooling at Flex. "JetCool's advanced direct-to-chip cold plate technology, combined with Flex's global manufacturing scale, enables production-ready thermal solutions engineered for high-density silicon architectures. We've developed a strong partnership with the Broadcom team, and together we're advancing scalable thermal solutions for the next generation of AI infrastructure."The partnership supports AI systems that:Deliver sustained multi-kilowatt-class performance for high-density ASIC platforms through advanced direct-to-chip liquid coolingEnable high-volume manufacturing through Flex's global scaleSupport future AI silicon generations as power densities continue to increaseBroadcom maintains a broad ecosystem of partners supporting diverse cooling approaches and deployment models. As part of this ecosystem, JetCool is working closely with Broadcom to advance high-performance direct-to-chip thermal architectures for next-generation AI platforms. JetCool provides end-to-end liquid cooling infrastructure from cold plates and manifolds to coolant distribution units (CDUs) supported by Flex's global manufacturing capabilities to enable scalable deployment across hyperscale AI environments.About FlexFlex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.About JetCoolJetCool, a Flex company, is a global leader in advanced thermal management for compute-intensive applications. Trusted by top chipmakers, OEMs, and data centers, JetCool delivers a comprehensive portfolio of liquid cooling solutions that enhance performance, increase energy efficiency, and support sustainability goals. Engineered for the demands of artificial intelligence (AI) and next-generation computing, JetCool's liquid cooling technologies deliver reliable, scalable, and future-ready performance for data centers worldwide.  





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Original: JetCool Collaborates with Broadcom to Deliver Innovative Liquid Cooling for Next-Generation AI XPUs

Flex Announces U.S. Manufacturing Collaboration with AMD to Accelerate Domestic AI InfrastructureMarch 2, 2026 6:00 AM
PR Newswire (US)

Collaboration extends U.S.-based manufacturing starting with AMD Instinct MI355X GPU platforms, and scaling to future generationsNews summary                                                                     U.S. manufacturing of AMD Instinct™ MI355X 8x GPU platform is now live at Flex's factory in Austin, Texas.Flex will scale with AMD to build future generations of AMD Instinct platforms in the U.S.Flex's advanced manufacturing capabilities, combined with AMD high-performance computing leadership, will help data center operators scale AI infrastructure.AUSTIN, Texas, March 2, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced the expansion of its strategic collaboration with AMD to manufacture the AMD Instinct platform in the United States, marking a significant milestone in strengthening domestic production of advanced AI and high-performance technologies.As part of the collaboration, manufacturing of AMD Instinct MI355X platform is now underway at Flex's headquarters in Austin, Texas, with volume ramp expected next quarter. The collaboration extends beyond the current generation; Flex will also support the next generation of AMD Instinct platforms to meet surging demand for large-scale AI deployments across data centers.Flex manufactures the complete AMD Instinct platform, assembling eight AMD Instinct GPUs along with surrounding components — including PCIe® Gen 5 interfaces, high-bandwidth memory, and high-speed interconnect fabric — into a single, high-density system design. Each platform undergoes rigorous factory testing and validation, including using advanced liquid-cooling hardware from JetCool, a Flex company."Partnering with AMD to manufacture AMD Instinct platforms in the U.S. marks an important milestone in advancing domestic AI infrastructure," said Rob Campbell, President of Communications, Enterprise and Cloud, Flex. "By combining Flex's advanced manufacturing capabilities, resilient supply chain, and U.S. footprint with AMD's leadership in high-performance computing, we're enabling customers to scale AI faster and with greater reliability.""Expanding our U.S. manufacturing presence with Flex for AMD Instinct platforms is an important step in strengthening how we build and deliver for customers," said Keivan Keshvari, senior vice president, Global Operations & Quality, AMD. "By growing a resilient, agile, and diverse supply chain, we are better positioned to meet AI demand and deliver at scale."Flex's Austin, Texas headquarters spans 1.4 million square feet and is designed to support complex, high-volume production with sustainable manufacturing practices. The site is part of Flex's expansive U.S. footprint, which encompasses more than seven million square feet across 17 facilities.To learn more about Flex's end-to-end portfolio of data center infrastructure products and services, visit: https://flex.com/industries/data-centerAbout FlexFlex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.Media contactsMedia & Press 
Christie Haber? 
Director, Commercial Marketing? 
(602) 245-1057? 
press@flex.com? Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com





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Original: Flex Announces U.S. Manufacturing Collaboration with AMD to Accelerate Domestic AI Infrastructure

Flex to Participate in Upcoming Investor ConferenceFebruary 23, 2026 9:30 AM
PR Newswire (US)

AUSTIN, Texas, Feb. 23, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) has announced that members of its leadership team will participate in the following upcoming investor conference:Raymond James 47th Annual Institutional Investors Conference
Date: Monday, Mar. 2, 2026
Presentation time: 7:05 a.m. CT / 8:05 a.m. ETThe live webcast presentation will be available on the Flex Investor Relations website at investors.flex.com. A replay of the webcast will be available on the investor relations website following the conclusion of the event.About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.Media, Investors, & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com 





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Original: Flex to Participate in Upcoming Investor Conference

FLEX REPORTS THIRD QUARTER FISCAL 2026 RESULTSFebruary 4, 2026 7:05 AM
PR Newswire (US)

Reported net sales of $7.1 billion, up 8% versus the prior year, exceeding our guidance.Raising full-year net sales, adjusted operating margin and adjusted EPS guidance.Delivered a record GAAP operating margin of 5.5%, and a record adjusted operating margin of 6.5%, our fifth consecutive quarter with an adjusted operating margin of 6% or greater.Reported GAAP EPS of $0.64, and a record adjusted EPS of $0.87.AUSTIN, Texas, Feb. 4, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced results for its third quarter ended December 31, 2025.Revathi Advaithi, CEO of Flex, stated: "Our strong performance continued in the third quarter, with results exceeding our guidance across all metrics. This performance reflects the strength of our diversified business model across industries, including Data Center. As we look ahead, we are confident in our ability to serve as a strategic enabler for our customers as they navigate an increasingly complex and dynamic world."Third Quarter Fiscal Year 2026 GAAP Summary:Net Sales: $7.1 billionGAAP Operating Income: $389 millionGAAP Net Income: $239 millionGAAP Earnings Per Share: $0.64Cash provided by Operating Activities: $420 millionThird Quarter Fiscal Year 2026 Non-GAAP Summary:Adjusted Operating Income: $460 millionAdjusted Net Income: $326 millionAdjusted Earnings Per Share: $0.87Free Cash Flow: $275 millionAn explanation and reconciliation of GAAP financial measures to non-GAAP financial measures is presented in Schedules II and V attached to this press release.Fourth Quarter Fiscal Year 2026 Guidance: Net Sales: $6.75 billion to $7.05 billion, growth of 8% at the midpointAdjusted Operating Income: $445 million to $475 million*Adjusted EPS: $0.83 to $0.89*, growth of 18% at the midpointInterest & Other: approximately $54 millionAdjusted income tax rate: 21%*Weighted average shares outstanding: approximately 375 millionFiscal Year 2026 Guidance Updated:Net Sales: $27.2 billion to $27.5 billion, growth of 6% at the midpointAdjusted Operating Margin: 6.3%*Adjusted EPS: $3.21 to $3.27*, growth of 22% at the midpointInterest & Other: $178 million
Fiscal Year 2026 Guidance
Prior
UpdatedNet Sales$26.7 - $27.3 billion
$27.2 - $27.5 billionAdjusted Operating Margin*6.2% - 6.3%
6.3 %Adjusted EPS*$3.09 - $3.17
$3.21 - $3.27Interest & Other$180 - $190 million
~$178 million*This is a forward-looking non-GAAP financial measure that cannot be reconciled to its equivalent GAAP financial measure without unreasonable effort for the reasons set forth in Schedule V attached to this press release.Webcast and Conference CallThe Flex management team will host a conference call today at 7:30 AM (CT) / 8:30 AM (ET), to review third quarter fiscal 2026 results. A live webcast of the event and slides will be available on the Flex Investor Relations website at http://investors.flex.com. An audio replay and transcript will also be available after the event on the Flex Investor Relations website.About FlexFlex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions.ContactsInvestors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.comMedia & Press
press@flex.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to our future financial results and our guidance for future financial performance (including expected revenues, operating income, margins and earnings per share). These forward-looking statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause the actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These risks include: that we may not achieve our expected future operating results; the effects that the current and future macroeconomic environment, including inflationary pressures, currency volatility, stagflation, slower economic growth or recession, and high or rising interest rates, could have on our business and demand for our products; geopolitical uncertainties and risks, including impacts from trade conflicts, the termination and renegotiation of international trade agreements and trade policies, a further escalation of sanctions, tariffs or other trade tensions between the U.S. and China or other countries, or the ongoing conflicts between Russia and Ukraine and in the Middle East, any of which could lead to disruption, instability, and volatility in global markets and negatively impact our operations and financial performance; supply chain disruptions, including those involving suppliers who are sole or primary sources, logistical constraints, manufacturing interruptions or delays, or the failure to accurately forecast customer demand; the impact of fluctuations in the pricing or availability of raw materials and components, including semiconductors, labor and energy; our dependence on industries that continually produce technologically advanced products with short product life cycles; the short-term nature of our customers' commitments and rapid changes in demand may cause supply chain issues, excess and obsolete inventory and other issues which adversely affect our operating results; our dependence on a small number of customers; our industry is extremely competitive; that the expected revenue and margins from recently launched programs may not be realized; the challenges of effectively managing our operations, including our ability to control costs and manage changes in our operations; the possibility that benefits of our restructuring actions may not materialize as expected; a breach of our IT or physical security systems, or violation of data privacy laws, may cause us to incur significant legal and financial exposure and adversely affect our operations; risks associated with acquisitions and divestitures, including the possibility that we may not fully realize their projected benefits; hiring and retaining key personnel; that recent changes or future changes in tax laws in certain jurisdictions where we operate could materially impact our tax expense; litigation and regulatory investigations and proceedings; risks related to the spin-off of Nextracker, and the transactions related thereto, including the qualification of these transactions for their intended tax treatment; the impact and effects on our business, results of operations and financial condition of union disputes or other labor disruptions as well as unforeseen or catastrophic events; the effects that current and future credit and market conditions could have on the liquidity and financial condition of our customers and suppliers, including any impact on their ability to meet their contractual obligations to us and our ability to pass through costs to our customers; the success of certain of our activities depends on our ability to protect our intellectual property rights and we may be exposed to claims of infringement, misuse or breach of license agreements; physical and operational risks from natural disasters, severe weather events, or climate change; we may be exposed to product liability and product warranty liability; we may be exposed to financially troubled customers or suppliers; our compliance with legal and regulatory requirements; changes in laws, regulations, or policies that may impact our  business, including those related to trade policy and tariffs and climate change; our ability to  meet sustainability, including environmental, social and governance, expectations or standards or achieve sustainability goals.Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Annual Report on Form 10-K and in our subsequent filings with the U.S. Securities and Exchange Commission. Flex assumes no obligation to update any forward-looking statements, which speak only as of the date they are made. SCHEDULE I FLEXUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per share amounts)






Three-Month Periods Ended

December 31, 2025
December 31, 2024GAAP:



Net sales$                           7,058
$                           6,556
Cost of sales6,373
5,952
Restructuring charges6
10
Gross profit679
594
Selling, general and administrative expenses270
241
Restructuring and impairment charges5
2
Intangible amortization15
17
Operating income389
334
Interest expense58
57
Interest income15
16
Other charges (income), net25
5
Equity in earnings (losses) of unconsolidated affiliates(1)
—
Income before income taxes320
288
Provision for (benefit from) income taxes81
25
Net income$                              239
$                              263




GAAP EPS
Diluted earnings per share $                             0.64
$                             0.67
Diluted shares used in computing per share amounts376
394





See Schedule II for the reconciliation of GAAP to non-GAAP financial measures. See the accompanying notes
on Schedule V attached to this press release. FLEXUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per share amounts)






Nine-Month Periods Ended

December 31, 2025
December 31, 2024GAAP:



Net sales$                         20,437
$                        19,415
Cost of sales18,541
17,777
Restructuring charges31
42
Gross profit1,865
1,596
Selling, general and administrative expenses763
670
Restructuring and impairment charges54
13
Intangible amortization52
49
Operating income996
864
Interest expense161
166
Interest income38
48
Other charges (income), net19
(1)
Equity in earnings (losses) of unconsolidated affiliates(26)
(3)
Income before income taxes828
744
Provision for (benefit from) income taxes198
128
Net income$                              630
$                              616




GAAP EPS
Diluted earnings per share $                             1.66
$                             1.54
Diluted shares used in computing per share amounts379
401





See Schedule II for the reconciliation of GAAP to non-GAAP financial measures. See the accompanying notes
on Schedule V attached to this press release. SCHEDULE II  FLEXRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share amounts and percentages)








Three-Month Periods Ended

December 31, 2025
December 31, 2024






GAAP operating income and margin %$                          3895.5 %
$                          3345.1 %
Intangible amortization15

17

Stock-based compensation37

33

Restructuring and impairment charges9

12

Customer related asset impairment (recoveries)(2)

(2)

Legal and other12

5
Non-GAAP operating income and margin %$                          4606.5 %
$                          3996.1 %






GAAP provision for income taxes$                             81

$                             25

Intangible amortization benefit4

3

Other tax related adjustments1

27
Non-GAAP provision for income taxes$                             86

$                             55







GAAP net income $                          239

$                          263

Intangible amortization15

17

Stock-based compensation37

33

Restructuring and impairment charges9

12

  Customer related asset impairment (recoveries)(2)

(2)

Legal and other12

5

Interest and other, net21

6

Adjustments for taxes(5)

(30)
Non-GAAP net income$                          326

$                          304







Diluted earnings per share:

GAAP $                         0.64

$                         0.67

Non-GAAP$                         0.87

$                         0.77







Free Cash Flow:




Net cash provided by operating activities420

413

Net capital expenditures(145)

(107)

Free cash flow$                          275

$                          306








See the accompanying notes on Schedule V attached to this press release.
 FLEXRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share amounts and percentages)








Nine-Month Periods Ended

December 31, 2025
December 31, 2024






GAAP operating income and margin %$                          9964.9 %
$                          8644.5 %
Intangible amortization52

49

Stock-based compensation108

93

Restructuring and impairment charges83

54

Customer related asset impairment (recoveries)(2)

(2)

Legal and other27

5
Non-GAAP operating income and margin %$                       1,2646.2 %
$                       1,0635.5 %






GAAP provision for income taxes$                          198

$                          128

Intangible amortization benefit12

10

Other tax related adjustments29

40
Non-GAAP provision for income taxes$                          239

$                          178







GAAP net income $                          630

$                          616

Intangible amortization52

49

Stock-based compensation108

93

Restructuring and impairment charges83

54

Customer related asset impairment (recoveries)(2)

(2)

Legal and other27

5

Equity in losses of unconsolidated affiliates25

—

Interest and other, net18

5

Adjustments for taxes(41)

(50)
Non-GAAP net income$                          900

$                          770







Diluted earnings per share:





GAAP $                         1.66

$                         1.54

Non-GAAP$                         2.37

$                         1.92







Free Cash Flow:





Net cash provided by operating activities1,272

1,072

Net capital expenditures(424)

(315)

Free cash flow$                          848

$                          757








See the accompanying notes on Schedule V attached to this press release.
 SCHEDULE III FLEXUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In millions)






As of December 31, 2025
As of March 31, 2025ASSETS


Current assets:



Cash and cash equivalents$                                  3,057
$                          2,289
Accounts receivable, net of allowance3,837
3,671
Contract assets881
616
Inventories5,549
5,071
Other current assets1,828
1,194Total current assets15,152
12,841



Property and equipment, net2,393
2,330Operating lease right-of-use assets, net667
562Goodwill1,375
1,341Other intangible assets, net300
343Other non-current assets933
964Total assets$                                20,820
$                        18,381




LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities:



Bank borrowings and current portion of long-term debt$                                      675
$                          1,209
Accounts payable6,482
5,147
Accrued payroll and benefits590
560
Deferred revenue and customer working capital advances 1,959
1,957
Other current liabilities1,150
977Total current liabilities10,856
9,850




Long-term debt, net of current portion3,760
2,483Operating lease liabilities, non-current583
456Other non-current liabilities500
590Total liabilities15,699
13,379Total shareholders' equity5,121
5,002Total liabilities and shareholders' equity$                                20,820
$                        18,381



 SCHEDULE IV FLEXUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)






Nine-Month Periods Ended

December 31, 2025
December 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:



Net income$                            630
$                            616
Depreciation, amortization and other impairment charges433
401
Changes in working capital and other, net209
55
Net cash provided by operating activities1,272
1,072





CASH FLOWS FROM INVESTING ACTIVITIES:



Purchases of property and equipment(431)
(326)
Proceeds from the disposition of property and equipment7
11
Acquisition of businesses, net of cash acquired(40)
(347)
Proceeds from divestiture of businesses, net of cash held
in divested businesses(4)
—
Other investing activities, net(4)
21
Net cash used in investing activities(472)
(641)





CASH FLOWS FROM FINANCING ACTIVITIES:



Proceeds from bank borrowings and long-term debt1,251
499
Payments of bank borrowings, long-term debt and other
financing liabilities(542)
(58)
Payments for repurchases of ordinary shares(744)
(958)
Other, net(11)
(7)
Net cash used in financing activities(46)
(524)





Effect of exchange rates on cash and cash equivalents14
(48)
Net change in cash, cash equivalents, and restricted cash
equivalents768
(141)
Cash, cash equivalents, and restricted cash equivalents,
beginning of period2,289
2,474
Cash, cash equivalents, and restricted cash equivalents,
end of period$                         3,057
$                        2,333




 SCHEDULE VFLEX AND SUBSIDIARIES
NOTES TO SCHEDULES I and IITo supplement Flex's unaudited selected financial data presented consistent with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company discloses certain non-GAAP financial measures that exclude certain charges and gains, including non-GAAP operating income, non-GAAP net income and non-GAAP net income per diluted share. These supplemental measures exclude certain legal and other charges, restructuring charges, customer-related asset impairments (recoveries), stock-based compensation expense, intangible amortization, other discrete events as applicable and the related tax effects. These non-GAAP measures are not in accordance with or an alternative for GAAP and may be different from non-GAAP measures used by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Flex's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Flex's results of operations in conjunction with the corresponding GAAP measures. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of the Company's performance.In calculating non-GAAP financial measures, we exclude certain items to facilitate a review of the comparability of the Company's operating performance on a period-to-period basis because such items are not, in our view, related to the Company's ongoing operational performance. We use non-GAAP measures to evaluate the operating performance of our business, for comparison with forecasts and strategic plans, for calculating return on investment, and for benchmarking performance externally against competitors. In addition, management's incentive compensation is determined using certain non-GAAP measures. Also, when evaluating potential acquisitions, we exclude certain items described below from consideration of the target's performance and valuation. Since we find these measures to be useful, we believe that investors benefit from seeing results "through the eyes" of management in addition to seeing GAAP results. We believe that these non-GAAP measures, when read in conjunction with the Company's GAAP financials, provide useful information to investors by offering:the ability to make more meaningful period-to-period comparisons of the Company's ongoing operating results;the ability to better identify trends in the Company's underlying business and perform related trend analysis;a better understanding of how management plans and measures the Company's underlying business; andan easier way to compare the Company's operating results against analyst financial models and operating results of competitors that supplement their GAAP results with non-GAAP financial measures.We present forward-looking non-GAAP financial measures in our fourth quarter and full year fiscal 2026 guidance, including adjusted operating income, adjusted operating margin, adjusted income tax rate, and adjusted EPS. We do not provide a reconciliation of these measures to the most directly comparable GAAP measures because the information necessary to do so is not available without unreasonable effort due to the inherent variability, complexity, and uncertainty in forecasting certain items required for such a reconciliation. These items may include restructuring charges and impairment charges, among others. The information that is unavailable could be material and could significantly affect our GAAP results.The following are explanations of each of the adjustments that we incorporate into non-GAAP measures, as well as the reasons for excluding each of these individual items in the reconciliations of these non-GAAP financial measures:Stock-based compensation expense consists of non-cash charges for the estimated fair value of unvested restricted share units granted to employees and assumed in business acquisitions. The Company believes that the exclusion of these charges provides for more accurate comparisons of its operating results to peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact stock-based compensation expense has on its operating results.Intangible amortization consists primarily of non-cash charges that can be impacted by, among other things, the timing and magnitude of acquisitions. The Company considers its operating results without these charges when evaluating its ongoing performance and forecasting its earnings trends, and therefore excludes such charges when presenting non-GAAP financial measures. The Company believes that the assessment of its operations excluding these costs is relevant to its assessment of internal operations and comparisons to the performance of its competitors.Restructuring and impairment charges include severance charges at existing sites and corporate SG&A functions as well as asset impairment, and other charges related to the closures and consolidations of certain operating sites and targeted activities to restructure the business. These costs also include asset impairment charges related to assets significantly impacted by the geopolitical events on the basis of management's best estimate of the recoverable value of assets.  These costs may vary in size based on the Company's initiatives, are not directly related to ongoing or core business results, and do not reflect expected future operating expenses. These costs are excluded by the Company's management in assessing current operating performance and forecasting its earnings trends and are therefore excluded by the Company from its non-GAAP measures.During the three and nine-month periods ended December 31, 2025, the Company recognized approximately $4 million and $37 million of restructuring charges, respectively, most of which related to employee severance. During the three and nine-month periods ended December 31, 2024, the Company recognized $12 million and $54 million of restructuring charges, respectively, most of which related to employee severance.During the three and nine-month period ended December 31, 2025, the Company recognized $5 million and $46 million, respectively, in asset impairments, inventory write-downs and other charges as a result of an August 21, 2025 missile strike on the Company's Mukachevo, Ukraine operations located in Western Ukraine. The August 21, 2025 missile strike represents an unusual and infrequent event as hostilities related to the Russian invasion of Ukraine have been primarily focused in Eastern Ukraine. The missile strike caused substantial destruction, disrupted Mukachevo's normal operations and Flex initiated contingency manufacturing plans at alternative manufacturing facilities. The Company expects additional immaterial near-term inefficiencies as Mukachevo's operations are restored.Customer related asset impairments (recoveries) may consist of non-cash impairments of property and equipment to estimated fair value for customers from whom we have disengaged or are in the process of disengaging as well as additional provisions for doubtful accounts receivable for customers that are experiencing financial difficulties and inventory that is considered non-recoverable that is written down to net realizable value. In subsequent periods, the Company may recover a portion of the costs previously incurred related to assets impaired or reduced to net realizable value. During the three and nine-month periods ended December 31, 2025, the Company recognized approximately $2 million of customer related asset recoveries. During the three and nine-month periods ended December 31, 2024, the Company recognized approximately $2 million of customer related asset recoveries. These costs are excluded by the Company's management in assessing current operating performance and forecasting its earnings trends and are therefore excluded by the Company from its non-GAAP measures.Legal and other consist primarily of costs not directly related to core business results and may include matters relating to commercial disputes, government regulatory and compliance, intellectual property, antitrust, tax, employment or shareholder issues, product liability claims and other costs such as acquisition and portfolio optimization related costs and asset impairment. These costs are excluded by the Company's management in assessing current operating performance and forecasting its earnings trends and are therefore excluded by the Company from its non-GAAP measures. During the three and nine-month periods ended December 31, 2025, the Company incurred approximately $12 million and $27 million, respectively, related to other costs. During the three and nine-month periods ended December 31, 2024, the Company accrued for a $5 million asset impairment where losses were considered probable and estimable.Equity in losses of unconsolidated affiliates consists of various other types of items that are not directly related to ongoing or core business results, such as significant gains or losses associated with certain non-core investments. The Company excludes these items because they are not related to the Company's ongoing operating performance or do not affect core operations. Excluding these amounts provides investors with a basis to compare Company performance against the performance of other companies without this variability. During the nine-month period ended December 31, 2025, the Company recognized approximately $25 million of equity in losses from a reduced valuation of a certain non-core investment fund. No such event occurred in the nine-month period ended December 31, 2024.Interest and other, net consist of various other types of items that are not directly related to ongoing or core business results, such as the gain or losses related to certain divestitures, currency translation reserve write-offs upon liquidation of certain legal entities, debt extinguishment costs and impairment charges or gains associated with certain non-core investments. The Company excludes these items because they are not related to the Company's ongoing operating performance or do not affect core operations. During the three and nine-month periods ended December 31, 2025, the Company incurred $21 million and $18 million, respectively, predominantly related to an impairment of a non-core unconsolidated cost method investment. During the three and nine-month periods ended December 31, 2024, the Company incurred $6 million and $5 million, respectively. Excluding these amounts provides investors with a basis to compare Company performance against the performance of other companies without this variability.Adjustments for taxes relates to the tax effects of the various adjustments that we incorporate into non-GAAP measures in order to provide a more meaningful measure on non-GAAP net income and certain adjustments related to non-recurring settlements of tax contingencies or other non-recurring tax charges, when applicable. Effective in fiscal year 2026, the Company adopted an annual normalized tax rate for the purpose of determining the tax effect of non-GAAP adjustments. In estimating the normalized tax rate, the Company utilizes a full-year projection of earnings that considers the mix of earnings across tax jurisdictions, existing tax positions and other significant tax matters.During the three and nine-month periods ended December 31, 2025, the Company recognized a $5 million and $41 million net tax benefit, respectively, and during the three and nine-month periods ended December 31, 2024, the Company recognized a $30 million and $50 million net tax benefit, respectively, related to the tax effects of various adjustments. For the three and nine-month periods ended December 31, 2025, the Company incurred a charge to income tax expense of $19 million related to the resolution of a tax dispute with a foreign tax authority related to fiscal years 2010 through 2020. For the three and nine-month periods ended December 31, 2024, the Company recognized approximately $26 million of interest recoverable on prior periods taxes paid by one of our Brazilian subsidiaries.Free cash flow is an important liquidity metric because it measures, during a given period, the amount of cash generated that is available to repay debt obligations, make investments, fund acquisitions, repurchase company shares and for certain other activities. The Company's free cash flow is defined as cash flows from operating activities, less net purchases of property and equipment and proceeds from the disposition of property and equipment ("net capital expenditures"), allowing us to present free cash flow on a consistent basis for investors.During the three and nine-month periods ended December 31, 2025, the Company recognized $275 million and $848 million of free cash inflow, respectively. During the three and nine-month periods ended December 31, 2024, the Company recognized $306 million and $757 million of free cash inflow, respectively. Free cash flow is not a measure of liquidity under U.S. GAAP,  and may not be defined and calculated by other companies in the same manner.





View original content to download multimedia:https://www.prnewswire.com/news-releases/flex-reports-third-quarter-fiscal-2026-results-302678824.htmlSOURCE Flex

Original: FLEX REPORTS THIRD QUARTER FISCAL 2026 RESULTS

* * $FLEX Video Chart 10-16-2020 * *

Link to Video - click here to watch the technical chart video

Just In: $FLEX Nasdaq Treads Water as Flex Lights Up, First Citizens Climbs on CIT Buy

It's been a turbulent week for the Nasdaq Composite (NASDAQINDEX: ^IXIC) , which posted strong gains on Monday and spent the rest of the week fighting to hang onto them. In the end, market participants managed to defend their weekly gains, albeit failing to claw back much of the gro...

Got this from FLEX - Nasdaq Treads Water as Flex Lights Up, First Citizens Climbs on CIT Buy

Breaking News: $FLEX Why Flex Stock Is Rising Today

Shares of Flex (NASDAQ: FLEX) are rising today, up by 12% as of 1:34 p.m. EDT, after getting positive commentary from Wall Street. RBC Capital and J.P. Morgan both upgraded their respective views on the consumer electronics contract manufacturer. RBC Capital analyst Robert Mulle...

Read the whole news FLEX - Why Flex Stock Is Rising Today

This week will reach my 12$ target

Yep, 10$ it is :)))

Today SP will fly to 10$

Holding my shares for 12$ target!

11k @ 7.50 PT12$

Very strange stock..


FLEX -3.43 to 7.48 after beating estimates but lowering guidance - I think this selloff is overdone a picked up a very small starter position this morning .... the stock was near $20 in January and doesn't deserve to be down 62% from the high now trading at just 7x Mar FY19 guidance .... historically the stock has traded at a forward PE averaging around 12x, so now looks cheap at a 40% discount to the norm.

Flextronics is a contract manufacturer, based in Singapore and with operations around the world.

briefing -

Flex beats by $0.01, misses on revs; guides Q3 EPS below consensus, revs below consensus; guides FY19 EPS below consensus, revs below consensus; ANnounces wind down of NKE operations in Mexico, CEO McNamara retires (10.91 +0.01) :


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144476047&txt2find=flextronics





Fudalies...... And Ramberts....You made at least 5 points:

1] Re listing Maybe i don't know.

2] Active proposals.....You are wrong. There are active proposals and they will require test units.It has been announced.

3] Breastaware, Washable Keyboards, UK Air Bearings....Long ago and with partners who could not follow through.

4] Saudi Aramco, Power Line Monitoring, Castrol, General Motors... This was the beginning of the Industrial Internet of Thing focus and will be productive.
A] Saudi Aramco...deferred to other oil company to take the lead. IMO, not dead.
B] Power Line Monitoring....Still a viable product...Can come back with a different partner.
C] Castrol....Replaced by Repsol ...Announced last year.
D] GM....Flextronics made inferior parts. Maybe new partner????

5] "Private Placement buyers" were supposedly enticed with hints of upcoming news/info pertaining to Honda and some Arizona Power Plant.
IMO... Well not the MOST RECENT were NOT enticed by the above....Enough said.

Thanks for providing the opportunity of your opinions for me to respond with my opinions based on in depth research and knowledge.




https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142766912&txt2find=flextronics

Well diversified customer base:


Flex Digital Health Announces Novo Nordisk as BrightInsight Customer
October 23, 2018
Download this Press Release
Companies to Develop Digital Health Solutions to Improve Diabetes Care
SAN JOSE, Calif., Oct. 23, 2018 /PRNewswire/ -- Flex (NASDAQ:FLEX), the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®, today announced a partnership with Novo Nordisk to develop digital health solutions for diabetes patients. After rigorous evaluation, Novo Nordisk selected the medical-grade BrightInsight™ platform from Flex Digital Health to build and operate these solutions and securely manage millions of its smart medical devices and the corresponding data within a regulatory-compliant environment.

BrightInsight provides a unified IoT platform that enables organizations to develop and host digital health devices, apps and algorithms at scale while maintaining compliance with privacy, security and regulatory requirements across the globe. Compared to building a custom platform from scratch, BrightInsight's robust functionality facilitates lower costs and accelerates time to market.

"Traditional methods of managing diabetes have not kept pace with a world moving at digital speed," said Kal Patel, M.D. and SVP of Digital Health at Flex. "BrightInsight securely unlocks real-world data and actionable insights, enabling pharma and medtech companies to develop advanced, regulated digital health solutions that enable automated clinical decisions and better engagement between clinicians and people with diabetes."

By collaborating with Flex and utilizing Flex's established platform, BrightInsight, Novo Nordisk can focus on developing innovative medicines with the goal of improving patient outcomes.

"Addressing the growing diabetes epidemic takes more than best-in-class medicines alone. We need to engage with people on their level and integrate with the solutions they are already using to manage their diabetes," said Anders Dyhr Toft, corporate vice president of Commercial Innovation at Novo Nordisk. "Medical-grade digital health platforms like BrightInsight are key to helping us improve the dialogue between people with diabetes and their caregivers."

BrightInsight is an advanced, medical-grade managed service platform that can capture and analyze data from connected medical devices, combination products, apps or Software as a Medical Device (SaMD) in a secure, regulatory-compliant environment. BrightInsight's Device Master File has been accepted by the FDA and Flex Digital Health is ISO 13485:2016 certified.

This announcement further builds on Flex's current Sketch-to-Scale engagement to help design and manufacture elements of Novo Nordisk's new connected insulin pens. The new partnership with Novo Nordisk follows another recent milestone for Flex Digital Health, the inauguration of the BrightInsight Clinical Board, which was established to incorporate physician insight and workflow experience in the development of digital health tools. In addition, Flex Digital Health and the Boston Consulting Group recently published a white paper titled, "The Evolving Role of the Biopharma and Medtech CIO: How to Succeed in Today's Digital Era."

About Flex
Flex is the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit flex.com or follow us on Twitter @flexintl. Flex – Live Smarter®

Investors & Analysts
Kevin Kessel
1 (408) 576-7985
kevin.kessel@flex.com

Media & Press
Paul Brunato
1 (408) 576-7534
paul.brunato@flex.com

New Flex Logo. (PRNewsFoto/Flex)


https://investors.flex.com/company-news/press-release-details/2018/Flex-Digital-Health-Announces-Novo-Nordisk-as-BrightInsight-Customer/default.aspx

Institutional ownership is high:


Security FLEX / Flextronics International Ltd. (Y2573F102)
Industry Printed Circuit Boards
Institutional Owners 371
Institutional Shares 505,253,711 - 95.53%
Common Stock Shares Outstanding 528,887,123 shares (as of 2018-09-28)
Institutional Value $ 40,261,771,000 USD

https://fintel.io/so/us/flex

Significant players taking positions..


File Date Form Investor Opt Prev
Shares Current
Shares Change
(Percent) Prev Value
($1000) Current Value
($1000) Change
(Percent)
2018-11-07 13F Cutler Group LP Put 100 20,000 19,900.00 0 1
2018-11-16 13F/A TIAA CREF INVESTMENT MANAGEMENT LLC 11,851 1,291,392 10,796.90 167 16,943 10,045.51
2018-11-13 13F CITADEL ADVISORS LLC 138,294 12,740,250 9,112.44 1,952 167,152 8,463.11
2018-11-13 13F Renaissance Technologies LLC 25,897 1,669,354 6,346.13 365 21,902 5,900.55
2018-11-13 13F/A JP Morgan Chase & Co 555,808 8,409,741 1,413.07 7,841 110,336 1,307.17
2018-11-07 13F Cutler Group LP 902 12,935 1,334.04 12 169 1,308.33
2018-11-20 13F Rehmann Capital Advisory Group 13,281 171,858 1,194.01 187,395 13,099 -93.01
2018-10-23 13F SIMPLEX TRADING, LLC Call 85 942 1,008.24 119 1,235 937.82
2018-08-14 13F PEAK6 Investments, L.P. 7,629 79,686 944.51 125 1,124 799.20
2018-11-14 13F BALYASNY ASSET MANAGEMENT LLC 74,100 406,104 448.05 1,046 5,328 409.37
2018-11-14 13F Capital Bank & Trust Co 661 3,051 361.57 9 40 344.44
2018-10-23 13F SIMPLEX TRADING, LLC Put 35 151 331.43 49 198 304.08
2018-11-14 13F DEUTSCHE BANK AG\ 701,078 3,007,000 328.91 9,888 39,449 298.96
2018-10-17 13F Global Retirement Partners, Llc 414 1,364 229.47 6 18 200.00
2018-11-14 13F STATE OF WISCONSIN INVESTMENT BOARD 501,465 1,585,813 216.24 7,076 20,806 194.04
2018-11-14 13F Amerivest Investment Management LLC 116 341 193.97 2 4 100.00
2018-11-13 13F STIFEL FINANCIAL CORP 74,514 202,006 171.10 1,041 2,651 154.66
2018-11-01 13F NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2,553 6,707 162.71 36 88 144.44
2018-11-13 13F Cipher Capital LP 67,901 168,477 148.12 958 2,211 130.7


https://fintel.io/so/us/flex

Flex Appoints Charles Stevens And Jill Greenthal To Board Of Directors
November 15, 2018
Download this Press Release
SAN JOSE, Calif., Nov. 15, 2018 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that Charles K. "Chuck" Stevens III and Jill Greenthal have been appointed to the Company's Board of Directors. Mr. Stevens and Ms. Greenthal bring strong financial and investment expertise.

As the former Chief Financial Officer of General Motors, Mr. Stevens brings strong financial expertise as well as extensive experience in the automotive industry which will be invaluable to Flex's automotive business. With three decades in investment banking, Ms. Greenthal brings deep financial understanding of the world's leading media, technology and telecommunications companies.

Michael D. Capellas, Flex Chairman of the Board, said, "Chuck Stevens and Jill Greenthal are both highly respected and experienced finance executives. We welcome their leadership, insight and advice to the Flex Board."

The elections to the Flex Board took effect on November 14, 2018. Mr. Stevens has been appointed to the Audit Committee of the Board, and it is expected that Ms. Greenthal will be appointed to a new finance and investment committee of the Board upon its formation. The addition of Mr. Stevens and Ms. Greenthal brings the number of independent Board members to nine.

Chuck Stevens retired as CFO for General Motors in September 2018, after a 40-year career at the company. From 1994 to 2005, he held several leadership positions in General Motors' Asia Pacific Region, including China, Singapore, Indonesia and Thailand. He returned to North America in 2006 and assumed the role of CFO for General Motors Canada, GM Mexico in 2008 and CFO of GM North America in 2010. In 2014, Stevens was named Executive Vice President and CFO of General Motors Corporation, where he was responsible for leading the company's financial and accounting operations worldwide. Chuck has also served as a director of the board of Masco Corporation since February 2018. He received his Bachelor of Industrial Administration from General Motors Institute (now Kettering University) and MBA from the University of Michigan, Flint.

Jill Greenthal has more than 30 years of experience advising and financing some of the world's leading media, technology and telecommunications companies. As an investment banker, she held senior positions at Lehman Brothers, Donaldson Lufkin and Jenrette and Credit Suisse. She also was a Senior Managing Director at Blackstone before taking on her current role with the private equity group as a Senior Advisor. Ms. Greenthal has more than a decade of public company board experience, currently serving as a director on the board of Akamai Technologies, Cars.com and Houghton Mifflin Harcourt. She is a graduate of Simmons College and received an MBA from Harvard Business School.

About Flex Ltd.
Flex Ltd. (Reg. No. 199002645H) is the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit flex.com or follow us on Twitter @Flexintl. Flex - Live SmarterTM

Investors & Analysts
Kevin Kessel
408-576-7985
kevin.kessel@flex.com

or

Media & Press
Paul Brunato
(408) 576-7534
paul.brunato@flex.com

New Flex Logo. (PRNewsFoto/Flex)


https://investors.flex.com/company-news/press-release-details/2018/Flex-Appoints-Charles-Stevens-And-Jill-Greenthal-To-Board-Of-Directors/default.aspx

* * $FLEX Video Chart 10-26-18 * *

Link to Video - click here to watch the technical chart video

thought many would like to know this

Shares of Flex (FLEX) were climbing in late-morning trading on Wednesday as Goldman Sachs added the stock to its "Conviction Buy" list.

Price target of 16. Pretty conservative, imo

This helps with my concerns

JPMorgan initiated coverage of Flextronics International Ltd. (NASDAQ: FLEX) with an Overweight rating and $15 price target, saying the company's strategy to shift to higher margin businesses would increase market share and margin expansion.

The initiation note comes as Flextronics is set to report its fourth-quarter results on April 28. The Street expects earnings of $0.28 a share on revenue of $5.80 billion.

I'm little concerned about their Q4 earnings. Have you done any DD? Looks like consensus is .276 for Q4. Lots of insider activity. 96% of OS is institutionally held.
I would like to think they'll beat the estimates but just don't hear enough to really know.
Any thoughts?

Run silent run deep. Steady as she goes.
$FLEX
still looking good

IDXG just getting primed for a run$$

Yes!! over 12.

Run silent run deep. Steady as she goes.

$FLEX 11.85 not much on the dips. A good problem to have I guess.

Next "Q" higher for sure.

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CREDIT TO GoldDog83!

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http://www.engineering.com/BIM/ArticleID/10271/Architects-Could-Love-the-Microsoft-HoloLens.aspx
https://www.microsoft.com/microsoft-hololens/en-us
https://blogs.windows.com/devices/2015/11/19/microsoft-hololens-and-volvo-cars-explore-the-future-of-car-buying/



Additional links:

NEW 8K: http://ih.advfn.com/p.php?pid=nmona&article=70854624

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10987382

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11032888

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121290886

http://ih.advfn.com/p.php?pid=nmona&article=70802814

http://www.buyins.com/reports/cowi1-25-16.pdf

http://www.buyins.com/images2/cowistr1-25-16.jpg

$FLEX getting there hit 12$ today :)

I'll repeat UBS has a more than fair price target of 13.50 on this stock. We should see that number come next Q report.

IPRU getting ready for penny land.

UBS has a price target of 13.50 on this stock.

what is interesting to me is how this company trades well below all of its competition. Said another way. All the other chip makers trade in around a P/E of twenty. That makes this company undervalued even at 13 to 15 a share. I suspect many will pickup on that fact and the stock will move higher.

The Company ($FLEX) is in high demand from many heavy
player's in the #tech industry, as a can do, getter done,
go to Company. IMO the stock will be in higher demand as well
Wouldn't doubt $13 short term.

Completely unvalued stock, IMO How many tech companies like this trade at such a low P/E? Most would be trading at twice the current level.

Very strong for sure. I see a pretty good move higher this year. Hang on!!!

They can also buy back stock on down days. And probably do.
$FLEX looking strong

Stock is showing strength in this up and down market. I'll repeat my price target,13 - 15 this year.