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 (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.
Nextpower (Nasdaq: NXT) has completed its previously announced acquisition of Prevalon Energy, a U.S.-headquartered provider of large-scale battery energy storage systems, power stabilization solutions, and lifecycle services. The deal adds a portfolio supporting grid-connected storage, hybrid power plants, AI data center infrastructure, and other critical power applications, with more than 6 GWh of deployed energy storage systems worldwide.
Prevalon’s team will continue to be led by founder CEO Tom Cornell. In connection with the closing, Nextpower granted former Prevalon employees inducement equity awards totaling 810,733 performance-based PSUs and up to 375,000 service-based RSUs in Class A common stock. RSUs vest over four years, while PSUs vest from 0–100% based on Prevalon gross profit performance between April 1, 2026 and March 31, 2030, subject to continued employment. The awards were approved under Nasdaq Listing Rule 5635(c)(4) and carry terms substantially consistent with Nextpower’s 2022 equity plan.
DG Matrix, described as a global leader in solid-state transformer solutions, appointed Deepak Thakkar, Ph.D. as Chief Commercial Officer, reporting to CEO Haroon Inam. Thakkar will lead commercial strategy, build the commercial organization, and expand adoption of the company’s Interport™ platform across AI and conventional data centers worldwide.
According to DG Matrix, Thakkar brings 25+ years of data center infrastructure experience, including roles at Neos Partners portfolio companies, Boyd Corporation, Electrical Components International, Flex (NASDAQ: FLEX), Intel, McAfee, and Silicon Graphics. The Interport platform is said to consolidate up to 15 electrical components into four, targeting lower cooling and energy costs, reduced total cost of ownership, and shorter deployment timelines.
Nextpower (Nasdaq:NXT) will report first quarter fiscal 2027 financial results on Thursday, July 30, 2026, after the market close.
The company will host a Q1 FY2027 earnings conference call at 2:00 p.m. PT / 5:00 p.m. ET, with a live webcast and replay available on its investor relations website.
Cerebras (NASDAQ:CBRS) and Flex announced an expanded partnership to scale manufacturing of the Cerebras CS-3 AI supercomputer at Flex’s Milpitas, California facilities. The expansion is expected to increase CS-3 production capacity by about 7x through 2026, adding new lines, floor space, test infrastructure and skilled U.S. manufacturing roles.
Flex (NASDAQ:FLEX) will release its first quarter fiscal year 2027 financial results before the market opens on Wednesday, July 29, 2026. A conference call to discuss the results will follow at 7:30 AM CT / 8:30 AM ET, with a live webcast and replay available on the investor relations website.
JetCool, a Flex (NASDAQ:FLEX) company, launched a turnkey liquid-cooled version of the Dell PowerEdge XE7745 server for enterprise AI and HPC. The system integrates direct-to-chip cooling, rack-level infrastructure, lifecycle services, and unified warranty into one solution.
SmartPlate cooling supports up to 8 kW per server, cuts total server power use by up to 30%, reduces CPU and GPU temperatures, and lowers noise by up to 23 dB, enabling higher compute density within existing data centers.
Nextpower (Nasdaq:NXT) agreed to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with over 20 GW deployed and projects in 58 countries. The cash-and-stock deal totals up to €330 million and is expected to close in the second half of fiscal 2027.
The business is expected to add about €300 million in annual revenue and €45 million in adjusted EBITDA, be accretive, extend Nextpower’s portfolio with four new product lines, and expand its addressable market across 15 additional countries.
Nextpower (Nasdaq:NXT) announced a global launch of its reimagined NX Gemini 2P solar tracker and the NX Anchor integrated foundation system, expanding its European solar portfolio.
The solutions target diverse land and soil conditions, agriPV applications, faster installation, and enhanced tracker control and monitoring capabilities.