Welcome to our dedicated page for Flex news (Ticker: FLEX), a resource for investors and traders seeking the latest updates and insights on Flex stock.
Flex Ltd. (NASDAQ: FLEX) generates a steady stream of news as it executes its EMS + Products + Services strategy and expands its role in technology-intensive markets. As a Singapore-incorporated, Nasdaq-listed manufacturing partner with a global footprint spanning 30 countries, Flex issues regular updates on financial performance, data center initiatives, healthcare collaborations, and capital markets activity.
Investors following FLEX news will see earnings announcements and guidance updates, including quarterly results and outlooks that the company furnishes via press releases and Form 8-K filings. These communications often discuss portfolio mix, adjusted operating margins, and the contribution of higher-value businesses such as data center infrastructure.
Flex also releases news about its data center power and cooling capabilities. Recent announcements describe deployments of rack-level, vertically integrated liquid cooling solutions at the Equinix Co-Innovation Facility, as well as a partnership with LG Electronics to co-develop integrated, modular cooling solutions for high-density AI data centers. Such updates highlight how Flex addresses power, heat, and scale challenges in AI and high-performance computing environments.
In the healthcare and drug delivery space, Flex has reported recognition for its Health Solutions business, including a 2025 PDA Drug Delivery Innovation Award for a connected autoinjector developed with Merck KGaA, Darmstadt, Germany. These stories illustrate the company’s involvement in patient-centric devices and digital health ecosystems.
Regulatory and capital markets news includes filings related to senior note issuances under its shelf registration statement, share repurchase authorizations, and annual meeting results. For investors and observers, the FLEX news feed offers a consolidated view of the company’s operational progress, strategic partnerships, and financial disclosures. Bookmarking this page allows users to monitor how Flex’s manufacturing, data center, and healthcare activities evolve over time.
Assembly Ventures has announced a US$25 million Series A investment in Our Next Energy Inc (ONE), a Michigan-based energy storage startup. ONE aims to double electric vehicle range while reducing costs and ensuring safer battery chemistries. The investment comes from a consortium that includes Flex, BMW i Ventures, and Breakthrough Energy Ventures. Funds will accelerate ONE's growth and R&D as it prepares for commercialization. Assembly Ventures emphasizes the uniqueness of ONE's technology in enhancing battery performance and safety.
Flex has announced a definitive agreement to acquire Anord Mardix, a leader in critical power solutions, for $540 million in cash. The deal, approved by Flex's Board of Directors, is expected to close in Q4 2021, pending regulatory approvals. This acquisition enhances Flex's power product portfolio and positions it to better serve the growing data center market, projected to reach a $10 billion addressable market by 2026 with a 9% CAGR. Anord Mardix is forecasted to generate approximately $360 million in revenue in 2021, and the acquisition is anticipated to be accretive to adjusted EPS in fiscal 2023.
Our Next Energy Inc. (ONE) announced a successful $25 million Series A capital raise led by Breakthrough Energy Ventures. The funding will help accelerate product development for its innovative battery technologies, including Aries™, designed to enhance electric vehicle range and reduce costs without using nickel or cobalt. Aries™ aims for an energy density of 287 Wh/L, while another technology, Gemini™, targets 450 Wh/L, potentially allowing EVs to travel over 750 miles on a single charge.
Flex will report its second quarter fiscal year 2022 financial results on October 27, 2021, after market close. A conference call will follow at 1:30 p.m. PT to discuss the results. Investors can join the call by dialing 877-201-0168 with passcode Q2Flex, or listen via webcast on the Flex Investor Relations website. An audio replay and transcript will be accessible post-call. Flex, a leading manufacturing partner, operates in 30 countries and provides technology innovations and supply chain solutions to various industries.
Flex (NASDAQ: FLEX) has appointed Xavier Boza as the new chief human resources officer, reporting directly to CEO Revathi Advaithi. Boza brings 25 years of HR experience, previously serving as CHRO for Campbell's Soup Company where he managed global HR functions through significant organizational changes. His expertise will enhance Flex's human capital strategy, focusing on employee experience and diversity. Flex operates with over 160,000 employees across 30 countries, emphasizing a strong global workforce and sustainable HR practices.
Flex (NASDAQ: FLEX) announced that its factory in Althofen, Austria, has been admitted into the World Economic Forum's Global Lighthouse Network, recognizing its adoption of Industry 4.0 technologies. The site improved operational efficiency, attracting higher-margin medical business and boosting revenue by 50% without expanding its physical footprint. Key innovations include a virtual operator assistance system, real-time supply chain visibility, integrated materials management, and advanced analytics. Flex aims to leverage these advancements for improved manufacturing and sustainability.
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Flex (NASDAQ: FLEX) has joined the World Economic Forum's Advanced Manufacturing Industry Action Group, enhancing its commitment to advanced manufacturing and sustainability. CEO Revathi Advaithi has also joined the Alliance of CEO Climate Leaders, a coalition focused on reducing greenhouse gas emissions. This membership positions Flex as a leader in the manufacturing sector's transition to net-zero emissions, promoting collaboration for best practices in sustainability and manufacturing advancements. Flex aims to leverage its global workforce and technologies for impactful solutions.
Flex (NASDAQ: FLEX) will participate in Citi's 2021 Global Technology Virtual Conference on September 13, 2021, at 10:50 AM PT / 1:50 PM ET. The event features Paul Lundstrom, CFO, and David Rubin, VP of Investor Relations. Interested participants can register at Citi's virtual conference. A replay will be accessible through the Flex Investor Relations website. Flex aims to drive innovation and sustainable operations across industries globally.
Flex reported strong Q1 results for FY 2022, with net sales of $6.3 billion and adjusted EPS of $0.46, exceeding expectations. GAAP net income reached $206 million, while adjusted net income was $230 million. The company's guidance for Q2 revenue is $6.1 billion to $6.5 billion, with GAAP EPS forecasted at $0.29 to $0.35. For FY 2022, revenue guidance is updated to $25.5 billion to $26.5 billion, with GAAP EPS of $1.42 to $1.57.