$FLEX

FLEX LTD. (FLEX) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. flex-20260805 0000866374 false SG 0000866374 2026-08-05 2026-08-05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reporte

Flex (Nasdaq: FLEX) named leadership for Flex and its planned independent SpinCo that will hold its Cloud and Power Infrastructure segment after an expected spin-off in Q1 2027. SpinCo roles include CEO Revathi Advaithi and CFO Kevin Krumm, plus other executives. Flex will have CEO Michael Hartung and a separate leadership team, with a search for a permanent Flex CFO.

Third Point Management’s Q2 2026 investor letter says its Offshore Fund returned 7.7% in Q2 2026. The firm added Flex Ltd. (NASDAQ:FLEX) after Flex announced it plans to separate its Cloud and Power Infrastructure (CPI) into an independent public company. The article cites FLEX closing at $6.34 on Aug. 3, 2026, with a 1-month return of -19.41% and 52-week gain of 48.05%.

Flex announced leadership appointments for Flex and its planned Cloud and Power Infrastructure spin-off, SpinCo, expected to become an independent publicly traded company in Q1 2027. SpinCo will be led by CEO Revathi Advaithi and CFO Kevin Krumm, among others. Flex will appoint CEO Michael Hartung and initiate a search for a permanent CFO.

Flex reported Q2 revenue of $7.93B versus $7.52B estimates and adjusted EPS of $1 versus $0.92, with full-year guidance at $34.45B revenue and $4.58 adjusted EPS at the midpoint. The company cited AI data center power and cooling demand, industrial automation growth, and progress on its planned SpinCo separation.

Vanguard Capital Management reported in an SEC Schedule 13G that it beneficially owns 27,722,782 shares of Flex Ltd common stock, or 7.56% of the class. The filing says Vanguard has sole voting power over 3,712,808 shares and sole dispositive power over 27,722,782 shares, with no shared voting or dispositive power, according to the filing.

Strategic Narrative and Performance Drivers Management attributes the record EPS and 21% revenue growth to a generational build-out in AI infrastructure, alongside strong performance in industrial and communications markets., shifting the narrative from a compute-only story to a physical infrastructure and power story.

Analyst notes list rating and price-target changes for several public companies. CTBC cut Apple to neutral, trimming its target to $353 from $355. Deutsche Bank raised International Paper to buy, target $50 from $39. Other changes include Baxter target $23, Dexcom target $105, Humana target $420, and Stellantis target €5.50.

Flex Ltd. (NASDAQ:FLEX) reported first-quarter results that surpassed Wall Street expectations and lifted its full-year financial outlook, although the manufacturing services company's shares fell more than 5% in premarket trading following the announcement. The company posted adjusted earnings of $1.00 per share, comfortably ahead of analysts' consensus estimate of $0.90. Revenue climbed 21% year over year to $7.9 billion, exceeding the market forecast of $7.52 billion.

What Happened? Shares of global manufacturing solutions provider Flex (NASDAQ: FLEX) jumped 7.9% in the afternoon session after shares continued to climb as the company reported strong first-quarter fiscal 2027 results and raised its full-year guidance, supported by robust demand for its AI infrastructure solutions. Flex announced first-quarter revenues of $7.93 billion, a 21% increase from the previous year, with its adjusted operating margin growing to 6.7% from 6.0%.