Flex Ltd Stock Price, News & Analysis

Flex (NASDAQ: FLEX) has announced the opening of a new product introduction (NPI) center near Boston, Massachusetts, dedicated to serving healthcare customers. The facility functions as a manufacturing gateway, offering end-to-end product development support from prototype to production.

The center includes an 8,000 sq. ft. NPI lab capable of running multiple lines simultaneously and a 2,000 sq. ft. quality and design validation testing lab. It will support various healthcare products, including surgical robotics, medical devices, medical technology systems, imaging equipment, and lab diagnostic equipment.

The facility features Flex's quality management system for healthcare and is expected to achieve ISO13485 certification by Q2 2025. This new center joins Flex's network of approximately 100 global sites, enabling seamless integration between design and manufacturing facilities across regions.

Torc has announced a collaboration with Flex (NASDAQ: FLEX) and NVIDIA to develop a scalable physical AI compute system for autonomous trucks. The partnership combines NVIDIA's DRIVE AGX technology with Flex's Jupiter compute platform and manufacturing capabilities to support Torc's market entry in 2027.

The physical AI system enables self-driving trucks to perceive and navigate surroundings in real-time using lidar, radar, and cameras. The platform was successfully validated through Torc's driverless product acceptance test on a closed course at highway speeds last year. The solution is built on the autonomous-ready Freightliner Cascadia and features a Software Defined Vehicle functionality that adapts to changing operational conditions.

The collaboration leverages NVIDIA DRIVE AGX with DRIVE Orin system-on-a-chip and DriveOS operating system, meeting Torc's requirements for size, performance, cost, and reliability while satisfying fleet customers' total cost of ownership targets for non-stop, long-haul driverless trucking integration.

Flex (NASDAQ: FLEX) has been named one of the 2025 World's Most Ethical Companies® by Ethisphere for the third consecutive year in the industrial manufacturing category. This recognition highlights the company's dedication to ethics, compliance, and governance practices.

The company is among 136 honorees across 19 countries and 44 industries in Ethisphere's 19th annual recognition program. A key feature of Flex's ethics program is its integrated compliance scorecard, which helps leaders assess performance, manage risks, and identify trends across global operations.

The selection process utilizes Ethisphere's Ethics Quotient®, requiring companies to provide over 240 proof points on various practices, including ethics and compliance, governance, cultural ethics, environmental and social impact, and value chain initiatives. The assessment involves detailed qualitative analysis by expert panels who evaluate applicants' ethical business practices.

Flex (NASDAQ: FLEX) announced the expansion of its U.S. manufacturing capacity with a new 400,000-square-foot facility in Dallas focused on power products. The facility will significantly boost production capacity for power infrastructure solutions, including power pods, power distribution units, and low-voltage switchgear.

Following the acquisition of Crown Technical Systems in October 2024, the Dallas facility will serve as a central hub for technical power pod fabrication and assembly with utility-grade capabilities. The strategic investment aims to meet rising power infrastructure demands driven by AI adoption and reduce production lead times for U.S. customers.

The expansion leverages Flex's experience in scaling power pod production in EMEA and reinforces the company's commitment to meeting increasing domestic demand for power solutions.

Husqvarna (NASDAQ: HSQVY) and Flex (NASDAQ: FLEX) have announced a strategic manufacturing partnership focused on the North American market. The collaboration aims to enhance Husqvarna's supply chain flexibility, efficiency, and time to market while expanding Flex's Lifestyle portfolio into outdoor and power equipment.

Under the agreement, Flex will provide supply chain and manufacturing services to Husqvarna, leveraging its vertically-integrated manufacturing capabilities, including metal fabrication, distribution, and aftermarket services in the U.S. Husqvarna will maintain its leadership in product innovation and design, while benefiting from Flex's 50+ years of experience in partnering with market-leading brands.

Flex (NASDAQ: FLEX) reported strong Q3 fiscal 2025 results with net sales of $6.6 billion and GAAP net income of $263 million. The company achieved GAAP EPS of $0.67 and adjusted EPS of $0.77, marking a record quarter for adjusted operating margin.

For Q4 fiscal 2025, Flex projects revenue between $6.0-6.4 billion and GAAP EPS of $0.48-0.56. The company updated its fiscal year 2025 guidance, expecting revenue of $25.4-25.8 billion and GAAP EPS of $2.02-2.10.

CEO Revathi Advaithi highlighted that consistent margin expansion stems from improving mix and efficiency across all business units.

Nextracker (NXT) reported Q3 FY25 financial results with revenue of $679 million, compared to $710 million in Q3 FY24. The company showed improved profitability metrics, with GAAP gross margin increasing to 35.5% from 29.5% year-over-year. Q3 FY25 GAAP net income was $117 million with EPS of $0.79.

The company achieved record backlog exceeding $4.5 billion and expanded its manufacturing network to over 70 partners across 19 countries. Notable operational highlights include shipping the first 100% U.S. domestic content solar trackers and launching new products like NX Horizon Hail Pro™.

Nextracker reaffirmed its FY25 revenue outlook of $2.8-2.9 billion and raised its profit guidance, with adjusted EBITDA now expected at $700-740 million and adjusted EPS at $3.75-3.95.

Nextracker (NXT) and UC Berkeley Engineering have announced a strategic partnership to establish the CALNEXT Center for Solar Energy Research, supported by Nextracker's $6.5 million contribution. The center aims to advance solar power plant technology and develop engineering leaders for future energy needs.

The initiative will include a leading-edge research program and a planned state-of-the-art solar test field. The center will focus on enhancing power plant performance and operations, while integrating cutting-edge solar technologies into UC Berkeley's engineering and environmental science programs. Students will benefit from hands-on learning experiences, access to industry tools, and Nextracker's internship and mentoring programs.

The center was established through collaboration between Tarek Zohdi (associate dean for research at UC Berkeley Engineering and CALNEXT director), Francesco Borrelli (professor of mechanical engineering and co-director), and Alex Au (Nextracker's co-founder and CTO).

Flex (NASDAQ: FLEX) has scheduled its third quarter fiscal 2025 earnings announcement and conference call. The company will release its financial results before market opening on Wednesday, January 29, 2025. A conference call to discuss the results will be held the same day at 7:30 AM (CT) / 8:30 AM (ET).

The earnings presentation will be accessible via live webcast on the Flex Investor Relations website at investors.flex.com. Following the event, the webcast replay and supporting materials will be made available on the IR website.