Flex Ltd. (FLEX) Stock News

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.

Flex (FLEX) will participate in the Goldman Sachs Communacopia + Technology Conference 2026 on September 9, 2026.

Company leadership is scheduled to present at 2:25 p.m. PT / 5:25 p.m. ET. A live webcast and subsequent replay of the presentation will be accessible via the Flex Investor Relations website at investors.flex.com.

Flex (FLEX) agreed to acquire intelligent power conversion provider EPC Power in a definitive transaction valued at $4.4 billion, subject to customary adjustments, announced on September 3, 2026.

The deal is expected to close in the fourth quarter of calendar 2026, after which EPC Power will join Flex's Cloud and Power Infrastructure (CPI) segment. Flex plans to separate CPI into an independent publicly traded company in the first calendar quarter of 2027. EPC Power, founded in 2010 and headquartered in California, focuses on next-generation 800V data center and grid applications, with over 15 GW deployed in 62 countries and expected annual U.S. manufacturing capacity above 30 GW in 2027.

EPC Power is expected to generate approximately $800 million of revenue in 2026, with about 40% organic revenue growth and EBITDA margin expansion to around 30% in 2027. Flex expects the acquisition to enhance CPI's growth and EBITDA margin profile and strengthen its position in AI data center and grid infrastructure markets. The transaction is expected to be financed with a combination of debt and equity, supported by committed financing from Citi and Bank of America.

Nextpower (Nasdaq: NXT) released its fiscal year 2026 Sustainability Report, detailing ESG progress across operations, products, and its global supply chain. The third annual report, and first under the Nextpower brand, highlights validation of its climate targets by the Science Based Targets initiative (SBTi) and expanded third-party assurance covering Scope 1, 2, and 3 greenhouse gas emissions.

According to Nextpower, the report outlines a 12% reduction in Scope 3 emissions intensity versus FY2025 per MW of solar tracker systems sold, driven in part by greater use of lower-carbon electric arc furnace (EAF) steel. The company targets absolute Scope 1 and 2 reductions of 58.8% and Scope 3 intensity reductions of 63.8% per MW by FY2035, has tied SBTi commitments to executive compensation, and reports upgraded ESG ratings from ISS STOXX (C+ to B-) and MSCI (A to AA). The report also describes supplier renewable energy adoption and community and education initiatives in the US and India.

Nextpower (Nasdaq: NXT) announced issuance of U.S. patent number 12,712,292 covering its NX PowerMerge electrical balance of systems (eBOS) solution for utility-scale solar DC collection. The patent expands Nextpower’s intellectual property around solar trunk bus technology.

Nextpower also reported a project award from BUILD Renewables, which increases the NX PowerMerge backlog to over 2 GW. NX PowerMerge is designed to combine controlled manufacturing quality at critical electrical interfaces with field installation flexibility, using a single trunk cable connection point, pressure-verifying installation tool, and a universal connector body across trunk cable sizes.

Nextpower (Nasdaq: NXT) has completed its previously announced acquisition of complementary assets of Zigor Corporation’s power conversion business and its U.S. subsidiary, Apex Power. According to Nextpower, the deal expands its power technology platform with UL-certified central inverters for U.S. utility-scale solar and energy storage and IEC-certified products for Europe and the rest of the world.

The acquisition adds proprietary inverter technology, established supply chain capabilities, and engineering teams in the U.S. and Spain with extensive power conversion experience. Nextpower’s modular, field-serviceable central inverters up to 5.2 MVA are now commercially available in the U.S., communicating via a hard-wired, cyber-secure optical fiber network. The company is accelerating its U.S. manufacturing buildout, with deliveries ramping in early 2027 and over 10 GW of capacity expected online within twelve months.

Nextpower (Nasdaq: NXT) reported Q1 FY27 revenue of $935 million, up from $881 million in Q4 FY26 and $864 million in Q1 FY26, with GAAP gross margin improving to 35.9% and GAAP net income of $165 million (diluted EPS $1.07).

Adjusted EBITDA was $233 million with a 24.9% margin and adjusted diluted EPS of $1.20. The quarter included about $99 million of IRA 45X advanced manufacturing tax credit vendor rebates and tariffs, net. Backlog grew to over $5.5 billion, and the Prevalon acquisition, closed in July 2026, adds incremental backlog above $300 million. Cash and cash equivalents rose to $1.21 billion, supported by $121 million of operating cash flow and adjusted free cash flow of $105 million.

For FY27, Nextpower slightly raised its outlook, guiding revenue to $4.1–$4.4 billion, GAAP net income to $540–$573 million, adjusted EBITDA to $870–$930 million, and adjusted diluted EPS to $4.42–$4.73, including about $50 million of planned incremental costs for accelerating entry into the power conversion market.

Flex (Nasdaq: FLEX) announced the executive leadership teams for both Flex and its planned Cloud and Power Infrastructure spin-off, currently referred to as SpinCo, which is expected to become an independent, publicly traded company following a spin-off targeted for the first calendar quarter of 2027.

SpinCo’s proposed leadership includes Bill Watkins as non-executive chairman, Revathi Advaithi as chief executive officer, and Kevin Krumm as chief financial officer, alongside other commercial, operations, technology, and business unit leaders. Krumm, currently Flex’s CFO, is expected to transition to SpinCo CFO at separation while continuing as Flex CFO through the transaction, and Flex has begun a search for a permanent CFO. Post-spin, Flex’s leadership is expected to be led by CEO Michael Hartung, with Advaithi serving as non-executive chair for a transitional period and a defined set of segment and operations leaders.

Flex (NASDAQ: FLEX) reported first quarter fiscal 2027 net sales of $7.9 billion, up 21% year over year, with GAAP operating income of $392 million (4.9% margin) and adjusted operating income of $534 million (6.7% margin). GAAP net income was $285 million, or $0.76 per diluted share, while adjusted EPS reached a record $1.00. Operating cash flow was $276 million and free cash flow $41 million.

Flex issued second quarter fiscal 2027 guidance for net sales of $7.95–$8.25 billion and adjusted EPS of $1.00–$1.07. It raised full‑year fiscal 2027 guidance to net sales of $33.7–$35.2 billion, adjusted operating margin of 7.0–7.2%, and adjusted EPS of $4.42–$4.74. Long‑term debt increased to $5.2 billion and cash to $2.8 billion. Flex also announced an Investor Day on November 10, 2026.