$FLEX

Flex (FLEX) shares rose 2.6% premarket after announcing plans to spin off its cloud and power infrastructure business as Axiom Solutions International, expected to trade as AXM in Q1 2027. The company filed a preliminary Form 10 registration. Flex also appointed Amy Schwetz as CFO for its Regulated Manufacturing and Integrated Technology segments, effective October 2026.

Flex (FLEX) announced Amy B. Schwetz as CFO of its RMS and ITS segments, expected to become Flex CFO post-separation. The company also revealed post-separation board compositions, including four new directors for both Flex and Axiom Solutions. The separation, expected in Q1 2027, requires regulatory and shareholder approvals.

Flex (FLEX) announced Axiom Solutions International (AXM) as the name of its planned spin-off, filing a Form 10 registration statement with the SEC. Axiom will focus on cloud and power infrastructure, expected to trade on Nasdaq. The spin-off is set for Q1 2027, subject to approvals. Flex will share more details at an Innovation Day event in November 2026.

FLEX LTD. (FLEX) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. EXHIBIT 99.1 PRESS RELEASE Flex Announces Expected Flex CFO and Board Composition for Flex and Axiom Following Separation News summary • Amy B. Schwetz will join Flex as CFO of its RMS and ITS segments and is expected to serve as Flex CFO following the separation • Post-separatio

Flex reported Q1 2027 earnings with net sales of $7.9B, up 21% YOY, and EPS of $1, beating estimates. Cloud and Power Infrastructure revenue grew 35% YOY. Management raised fiscal 2027 guidance, projecting 39% YOY earnings growth. Analysts have a 'Strong Buy' consensus, with an average price target of $159.54, implying 37% upside.

Flex agreed to acquire EPC Power for $4.4B, aiming to replicate its successful strategy of acquiring, scaling, and spinning out infrastructure tech companies. EPC Power designs power conversion systems. Flex plans to spin off its Cloud and Power Infrastructure segment, including EPC Power, in Q1 2027. The segment is expected to grow 65-80% annually. Flex's previous acquisition, Nextracker, grew to a $13-15B valuation after its spin-off.

Flex Ltd. (FLEX) will acquire EPC Power for $4.4B, expanding its AI data center power infrastructure. The deal, expected to close in Q4 2026, will add EPC Power to Flex's CPI segment. Flex plans to spin off CPI in Q1 2027. EPC Power is projected to generate $800M in 2026 revenue, with 40% growth and 30% EBITDA margin in 2027. Financing will come from debt and equity, with Citi and Bank of America providing committed financing.

Google is expanding its in-house AI chip business, partnering with MediaTek and reducing reliance on Nvidia. The company's capital spending is expected to nearly double to $200 billion this year, with MediaTek potentially capturing 40% of Google's TPU market by 2028. Google is also cultivating U.S.-based suppliers to compete with Nvidia's dominance in the AI supply chain.

Flex (FLEX) announced a $4.4 billion acquisition of EPC Power to enhance its power conversion capabilities for AI data centers, according to the company.

Flex agreed to acquire EPC Power for $4.4B, adding power conversion tech for data centers. Deal expected to close in Q4 2026, with EPC Power joining Flex's CPI segment before a planned 2027 spin-off. Vertiv to buy Utility Innovation Holdings for $1.45B to speed up data center power solutions. Salute to acquire T5 Operations, expanding its data center services. LITEON invested $176M in DCX Liquid Cooling for AI server power management. GoPro merging with Starman Optical to enter AI and defense ma