Flex Ltd. reported six-month net sales of $16.4 billion, up 23%, with gross margin of 9.5% for the period ended September 25, 2026; CPI sales rose 45%, driven by Power and Cloud & Cooling and the EPP acquisition.
Flex Ltd. reported record Q2 earnings of $1.18 per share; CPI grew 54% year-over-year with margin expansion of over 200 basis points. Flex closed its EPC Power acquisition and is preparing the Axiom spin-off.
Flex Ltd reported second-quarter fiscal year 27 revenue of $8.5 billion, up 25%, adjusted EPS of $1.18, up 49%, and fiscal year 27 revenue guidance of $34.9 and $35.9 billion, while advancing the planned Axiom spinoff.
Flex reported Q2 net sales of $8.5 billion, up 25% versus the prior year, and record adjusted EPS of $1.18. Updated guidance calls for net sales of $34.9 billion to $35.9 billion and adjusted EPS of $4.84 to $5.16.
Flex Ltd. expects long-term Guadalajara leases and site services agreements and amended its warrant to require a fully vested Spinco warrant at $0.01 per share, correcting the warrantholder name to Amazon.com NV Investment Holdings LLC.
Flex Ltd. plans to spin off its Cloud and Power Infrastructure business into an independent, publicly traded company, while disclosing completion, tax and approval risks. Axiom filed Form 10, and Flex completed the EPC Power acquisition to strengthen conversion capabilities.
Flex Ltd. communicated a planned spin-off of its Cloud and Power Infrastructure segment into an independent, publicly traded company; Axiom Solutions International, Inc. filed a registration statement for its common stock.
Flex Ltd. completed the EPC Power acquisition on October 14, 2026 for $4.4 billion in cash, subject to customary adjustments. EPC Power is part of the business Flex plans to separate into Axiom Solutions International, Inc. in the first quarter 2027.
Flex completed its $4.4 billion cash acquisition of EPC Power on October 14, 2026, making EPC Power a wholly owned subsidiary; it funded the deal with $3.3 billion and $1.1 billion borrowings, both maturing October 13, 2027.
Flex Ltd. amended its warrant for up to 3,859,851 ordinary shares at $51.29 per share, assigning it to Amazon.com Services LLC. The amendment provides a $0.01-per-share Axiom Solutions International, Inc. warrant tied to the planned 88.0% to 94.0% distribution.
Flex Ltd. amended Amazon.com’s warrant for 3,859,851 ordinary shares at $51.29 per share, substituting a fully vested Axiom Solutions International, Inc. warrant at $0.01 per share for participation in a planned between approximately 88.0% and 94.0% spin-off distribution.
Flex introduced AI Modules integrating power, high-density compute and advanced liquid cooling, reducing deployment timelines by up to 50%; its Cloud and Power Infrastructure segment is planned to separate into Axiom in the first quarter of calendar 2027.
Flex Ltd. plans to spin off Axiom Solutions International, Inc. by distributing between approximately 88.0% and 94.0% of Axiom common stock to shareholders, subject to shareholder and High Court approval.
Flex Ltd. agreed that investors will purchase 200,000 Axiom Solutions International, Inc. Series A Convertible Preferred Stock for $10,000 per share, an aggregate $2,000,000,000, ahead of Axiom’s planned first quarter of 2027 spin-off.
Flex Ltd. entered a $3.3 billion senior term loan credit facility on September 29, 2026, initially undrawn and intended to help fund its acquisition of EPC Power Corp.; the facility reduced commitments under its existing $4.4 billion bridge facility.
Flex Ltd. entered a $3.3 billion senior term loan credit facility on September 29, 2026, undrawn at closing, to help finance its EPC Power Corp. acquisition; the agreement reduced its $4.4 billion bridge facility dollar-for-dollar.
