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.
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.
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 (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.
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.
Flex (FLEX) announced key finance and board leadership roles for Flex and Axiom Solutions International in connection with the planned separation of its Cloud and Power Infrastructure segment, expected to close in the first quarter of calendar 2027.
Amy B. Schwetz will join Flex on October 5, 2026 as CFO of the Regulated Manufacturing Services (RMS) and Integrated Technology Services (ITS) segments and is expected to become Flex CFO after the separation. The company detailed the anticipated post-separation Flex board, to be chaired by Revathi Advaithi, with Michael Hartung as expected CEO and directors including John D. Harris II, Erin L. McSweeney, Lay Koon Tan, Patrick J. Ward, and new appointees George R. Oliver and Brian Yoor.
The expected Axiom board will be chaired by William D. Watkins and include Advaithi as expected CEO, along with Michael E. Hurlston, Charles K. Stevens III, Maryrose Sylvester, and new appointees Mark Eubanks and David Johnson. Completion of the spin-off remains subject to board, regulatory, shareholder and Singapore High Court approvals.
Flex (FLEX) has named its planned independent Cloud and Power Infrastructure company Axiom Solutions International and filed a preliminary Form 10 registration statement with the SEC as a key milestone toward a spin-off targeted for the first quarter of calendar 2027.
After completion of the planned spin-off, Axiom is expected to trade on Nasdaq under the ticker “AXM”. The Form 10 includes information on Axiom’s business, strategy, financial profile, leadership team and anticipated separation terms. Flex’s CEO Revathi Advaithi is expected to serve as Axiom’s CEO. The separation remains subject to customary conditions, including final Flex board approval, Form 10 effectiveness, Flex shareholder approval and Singapore High Court approval. Following completion, Flex and Axiom are expected to operate as two independent publicly traded companies, with more strategic details to be presented at Innovation Day on November 10, 2026, in Austin, Texas.
EPC Power signed a definitive agreement to be acquired by Flex (NASDAQ: FLEX) for $4.4 billion, with closing expected in the fourth quarter of 2026, subject to customary regulatory approvals and other conditions.
Upon completion, EPC Power will operate within Flex’s Cloud and Power Infrastructure segment, combining its software-defined power conversion and Agile Grid Forming™ technologies with Flex’s power and thermal management portfolio. Management and investors highlight EPC Power’s role in enabling higher-density AI data centers, grid modernization, and expanded U.S. manufacturing capacity to support rising power demand and grid resilience.
EPC Power announced a definitive agreement to be acquired by Flex (FLEX) for $4.4 billion, with closing expected in the fourth quarter of 2026, subject to customary regulatory approvals and conditions.
Upon completion, EPC Power will operate within Flex's Cloud and Power Infrastructure segment, combining its software-defined power conversion solutions and 800-volt data center architectures with Flex's broader power and thermal management portfolio. The companies aim to support AI data centers and grid reliability through technologies such as EPC Power's Agile Grid Forming™ solutions, which are designed to enhance on-site energy storage, microgrids and grid-support configurations. Existing investors, including Goldman Sachs Alternatives and Cleanhill Partners, highlighted EPC Power's expanded U.S. manufacturing footprint and role in addressing rising power demand.