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 (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.
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.