Flex Ltd. reports developments around its advanced manufacturing, supply chain, product design and lifecycle services for technology and industrial customers. Company news commonly covers operating results, margin trends, capital allocation, portfolio optimization and customer programs across end markets such as communications, cloud and enterprise infrastructure, consumer devices, automotive, health solutions and industrial products.
Recent company updates also cover Flex's Critical Power and data-center infrastructure capabilities, including power control, protection, cooling and scalable IT infrastructure used in utility, power generation and AI data-center applications. News may include completed acquisitions such as Electrical Power Products, expanded manufacturing partnerships, automation deployments, material agreements and governance changes tied to Flex's global manufacturing footprint.
Nextpower (NXT) will showcase its expanded power technology platform and introduce lifecycle services at RE+ 2026 on November 16–19. The event takes place at the Las Vegas Convention Center.
Its utility-scale solar and energy storage power conversion systems are now shipping, with U.S. manufacturing ramping to meet a multi-GW backlog. Nextpower also received a New York City Fire Department Certificate of Approval following a battery energy storage system safety review. NX CoreFrame steel module frames are shipping, and the company expects new U.S. partner factories to bring aggregate U.S. steel frame production capacity to over 6.5 GW in 2027. The showcase also includes robotic services and solar construction technologies.
Flex (FLEX) will host its 2026 Innovation Day on November 10, 2026, at its headquarters in Austin, Texas.
Flex and Axiom leadership will discuss strategy, market opportunities and financial priorities. Axiom is the planned independent company comprising Flex's Cloud and Power Infrastructure segment following the expected spin-off. Presentations will be publicly webcast, starting at 9:00 AM ET for Flex and 1:00 PM ET for Axiom.
Nextpower (NXT) reported record revenue of $1,109 million for its second fiscal quarter of 2027, ended October 2, 2026. GAAP net income was $165 million versus $147 million a year earlier, and diluted earnings per share rose to $1.08 from $0.97. Gross margin fell to 31.1% from 32.4%, while adjusted EBITDA reached $250 million versus $224 million.
Record bookings lifted backlog above $6 billion. Nextpower completed its Zimmermann PV-Steel Group acquisition for approximately €230 million, subject to working capital adjustments, without stock or an earnout. It secured a 1.1 GW inverter framework agreement across five projects. Quarter-end cash exceeded $1 billion, with no debt, after approximately $162 million in share repurchases.
Nextpower raised its fiscal 2027 outlook to $4.2–$4.45 billion revenue and $3.62–$3.87 GAAP diluted earnings per share, from $4.1–$4.4 billion and $3.42–$3.64, respectively.
Flex (NASDAQ: FLEX) reported second-quarter fiscal 2027 net sales of $8.5 billion, up 25% from the prior year. For the quarter ended September 25, 2026, GAAP operating income was $414 million, with a 4.9% margin, versus $296 million and 4.4% a year earlier. GAAP earnings per share rose to $0.70 from $0.52; adjusted earnings per share increased to $1.18 from $0.79. Operating cash flow rose to $501 million, but free cash flow fell to $261 million from $305 million.
Flex raised fiscal 2027 sales guidance to $34.9 billion–$35.9 billion and adjusted earnings guidance to $4.84–$5.16 per share. The outlook includes recent acquisitions but excludes the planned Cloud and Power Infrastructure spin-off. Flex expects its EPC Power acquisition to be immediately accretive in fiscal 2027. Third-quarter guidance calls for sales of $8.87 billion–$9.17 billion and adjusted earnings of $1.19–$1.25 per share.
Flex (NASDAQ: FLEX) has completed its acquisition of EPC Power, adding power conversion technology for data center and grid applications. EPC Power is now part of Flex's Cloud and Power Infrastructure segment. The acquisition adds grid-forming technology and expands the segment's capabilities across power, cooling and compute.
EPC Power combines proprietary hardware, software and controls with U.S.-based engineering and manufacturing. Its technology has more than 15 GW deployed and supports grid stabilization and backup power. Its platform is engineered to support next-generation 800V data center power architectures. Flex plans to separate the segment into an independent publicly traded company, Axiom Solutions International, in the first calendar quarter of 2027.
Nextpower (Nasdaq: NXT) will host its Capital Markets Day in Las Vegas, Nevada, on November 16, 2026.
The event begins at 3:00 p.m. Pacific / 6:00 p.m. Eastern. Senior leadership will discuss growth strategy and progress against long-term financial targets, followed by live Q&A. In-person attendance is invitation-only due to limited capacity. A live webcast and subsequent replay will be available on the Nextpower Investor Relations website.
Flex (FLEX) expanded its prefabricated modular data center portfolio with AI Modules designed to accelerate AI factory deployment. The modules combine power, high-density computing and liquid cooling in factory-built systems. Flex says they can reduce deployment timelines by up to 50% compared with traditional construction approaches. Assembly, integration and testing take place in parallel with site development.
The portfolio belongs to the Cloud and Power Infrastructure segment, which Flex plans to separate into Axiom Solutions International, an independent publicly traded company, in the first quarter of calendar 2027.
Flex (FLEX) will announce its second quarter fiscal year 2027 financial results before the market opens on October 28, 2026.
A conference call will follow that day at 7:30 AM CT / 8:30 AM ET. The live webcast will be available at investors.flex.com, with a replay and supporting materials available after the event.
Nextpower (NXT) will announce its second quarter fiscal 2027 financial results after the market closes on October 28, 2026.
A conference call will follow that day at 2:00 p.m. Pacific / 5:00 p.m. Eastern, with a live webcast at investors.nextpower.com. A replay and supporting materials will be available on the investor relations website after the event.
Flex (NASDAQ: FLEX) agreed to sell $2.0 billion of Axiom convertible preferred shares to General Catalyst-affiliated funds, Koch Equity Development and co-investors. The investment values Axiom, its Cloud and Power Infrastructure segment, at an initial enterprise value of $37.5 billion. Flex expects to separate Axiom into an independent public company in the first quarter of calendar 2027; after separation, the investment will be solely in Axiom.
Net proceeds may fund part of the pending EPC Power acquisition, repay related interim financing, pay preferred dividends or serve general corporate purposes. Flex secured committed term loan financing for the acquisition balance. Preferred dividends are 10.0% annually in cash before separation, then 6.0% in cash or 7.0% paid in kind, subject to increases after the fifth separation anniversary and other adjustments. Closing awaits customary regulatory approvals and other customary conditions.