Flex Ltd Stock Price, News & Analysis

Nextracker (NASDAQ: NXT), the leading solar technology platform provider, reported strong Q1 FY26 financial results with revenue reaching $864 million, up 20% year-over-year. The company achieved notable metrics including GAAP net income of $157 million and adjusted EBITDA of $215 million, up 23% YoY.

The company maintains its #1 global market share for the 10th consecutive year and announced strategic acquisitions in advanced robotics and AI technologies. Nextracker raised its FY26 outlook, projecting revenue of $3.2-3.45 billion and adjusted EBITDA of $750-810 million. The company reported strong adoption of its NX Horizon products and a robust backlog exceeding $4.75 billion, with $743 million cash position and zero debt.

Flex (NASDAQ: FLEX) reported strong first quarter fiscal 2026 results, with net sales reaching $6.6 billion. The company achieved GAAP net income of $192 million and adjusted net income of $274 million, resulting in GAAP EPS of $0.50 and adjusted EPS of $0.72.

For Q2 FY2026, Flex projects revenue between $6.5-6.8 billion and adjusted EPS of $0.70-0.78. The company also raised its FY2026 guidance, expecting revenue of $25.9-27.1 billion and adjusted EPS of $2.86-3.06.

CEO Revathi Advaithi highlighted the company's success in high-growth markets like data center and power, emphasizing Flex's transformation through strategic acquisitions and regionalized operations.

Nextracker (NASDAQ: NXT), a solar tracking solutions provider, has scheduled its first quarter fiscal 2026 earnings release for July 29, 2025, after market close. The company will host a conference call to discuss the results at 2:00 PM Pacific Time (5:00 PM Eastern Time) on the same day.

Investors can access the live webcast through the company's investor relations website at investors.nextracker.com. Supporting materials and a webcast replay will be available on the website following the event.

Flex (NASDAQ: FLEX) has scheduled its first quarter fiscal 2026 earnings announcement and conference call for Thursday, July 24, 2025. The financial results will be released before market opening, followed by a conference call at 7:30 AM CT / 8:30 AM ET.

Investors can access the live webcast presentation through the company's investor relations website at investors.flex.com. Supporting materials and a replay of the webcast will be made available on the IR website after the event.

Nextracker (NASDAQ: NXT) has been selected to supply its NX Horizon™ solar trackers for the 550 MW Oricheio PPC Ptolemaida solar project in Western Macedonia, Greece. This landmark project, built on a former coal mine site, will be one of Europe's largest solar installations and the largest in Greece.

The project, owned by Greek PPC Renewables and constructed by Terna SA, is in its final construction stage and will generate approximately 1.8% of Greece's annual electricity when fully operational. This development aligns with Greece's revised National Energy and Climate Plan, which targets 82% renewable energy in electricity generation by 2030.

According to Wood Mackenzie, Nextracker has emerged as the European market share leader with over 130 GW of solar trackers shipped worldwide.

Flex (NASDAQ: FLEX) has been awarded the 2025 Manufacturing Leadership Award in the Digital Supply Chains category by the National Association of Manufacturers. The company's Flex Pulse® Network Design tool was recognized for its innovative approach to supply chain optimization.

The tool leverages predictive analytics and machine learning to provide real-time insights, enabling companies to reduce total supply chain costs by 5-30% and transform network simulations from weeks to hours. The technology helps companies de-risk decisions through modeling capabilities for designing, testing, and evaluating value chain solutions.

Nextracker (NXT), a leading solar energy solutions provider, has strengthened its Board of Directors with three strategic appointments. Monica Karuturi, current executive VP and general counsel of CenterPoint Energy, brings expertise in corporate strategy, finance, and governance. Mark Menezes, president and CEO of the United States Energy Association (USEA), contributes significant energy policy experience from his roles including Deputy Secretary of the U.S. Department of Energy. Jeffrey Guldner, former president, CEO, and chairman of Pinnacle West Capital Corporation and Arizona Public Service Company (APS), adds extensive utility sector leadership experience. These appointments enhance Nextracker's board expertise in energy policy, regulation, corporate governance, and strategic growth as the company continues to expand its global operations.

Flex (NASDAQ: FLEX) has announced a strategic collaboration with MIT's Initiative for New Manufacturing (INM) as a founding member of its Industry Consortium. The partnership aims to revolutionize manufacturing through AI and automation, focusing on four core pillars: reimagining manufacturing technologies, enhancing productivity, scaling resilient supply chains, and transforming global manufacturing with sustainability focus. MIT students will gain hands-on experience through a factory observatory program at Flex facilities, while faculty and researchers will work at Flex's Sorocaba, Brazil site with the Flex Institute of Technology. The collaboration will support projects applying AI, machine automation, and new system-level approaches to address manufacturing and supply chain challenges.

Flex (NASDAQ: FLEX) has been awarded the 2025 Sustainability Supplier of the Year by Ford Motor Company, recognizing their excellence in sustainable manufacturing and leadership in emissions transparency initiatives. The company was specifically honored for developing the automotive industry's first product carbon footprint tracking pilot, built on Catena-X standards, which aims to solve the challenge of tracking emissions at the product level across the value chain. The collaboration between Flex and Ford demonstrates their shared commitment to advancing sustainability in automotive manufacturing. Flex's sustainability strategy encompasses science-based environmental actions, workplace safety, ethical business practices, community investment, and sustainable value chain development.