Flex (FLEX)

This morning, Flex (FLEX; $60.76; O/P) announced it was adding to its critical power portfolio with a definitive agreement to acquire Electrical Power Products (EPP) for $1.1B in an all cash transaction, which is before…

This morning, Flex (FLEX; $64.12; O/P) announced it was expanding on a strategic collaboration with Advanced Micro Devices (AMD; $197.08; NR) to manufacture the complete AMD Instinct platform in the United States. Flex noted that…

The shares of Flex (FLEX; $55.66; O/P) are down 16% today despite what we think was a healthy FQ3 (Dec) “beat and raise”, especially when it comes to recent operating margin expansion. Admittedly, it is…

Flex (FLEX; $65.99; O/P) reported FQ3 (Dec) adjusted EPS of $0.87, which was well ahead of our consensus matching $0.78 on sales of $7,058mm that also comfortably beat our $6,900mm and the Street’s $6,829mm. By…

We reiterate our Outperform and $80 target on the shares of Flex (FLEX; $63.75) ahead of the company’s FQ3 (Mar) results and outlook, scheduled for next Wednesday (2/4 before market). In fact, we think Flex’s…

We think a series of recent supply chain data points further highlight how the Power Solutions business at Flex (FLEX; $68.27; O/P) should prove especially critical to several of the world’s largest cloud service providers…

We raise our F2026/F2027E (Mar) EPS for Flex (FLEX; $66.10; O/P) from $3.00/$3.30 to $3.13/$3.40 (+18% and +9% YoY) after the company comfortably beat our and consensus FQ2 (Sept) expectations, provided FQ3 (Dec) guidance that…

We expect Flex (FLEX; $63.89; O/P) to produce a substantive “beat and raise” with its FQ2 (Sept) results and outlook, scheduled for next Wednesday (10/29 before market), led by ongoing demand momentum within cloud data…

We reiterate our Outperform and bump up our target from $65 to $70 on the shares of Flex (FLEX; $63.60; O/P) after hosting an investor meeting yesterday (10/15) at the Open Compute Project (OCP) Global…

Yesterday (9/23), Flex (FLEX; $58.05; O/P) announced it is expanding its data center cooling portfolio with the launch of a new modular rack-level coolant distribution unit (CDU), which we think provides further support for the…

Yesterday (9/16), Flex’s (FLEX; $56.54; O/P) Power Modules subsidiary, a producer of advanced printed circuit board (PCB) mounted DC/DC converters, announced it is partnering with Renesas Electronics (6723.JP; ¥1,749.50; NR) to produce next-generation board-mounted power…

We are raising our price target on the shares of Flex (FLEX; $53.15; O/P) from $60 to $65, which assumes that the stock finally trades more consistently at EMS industry peer valuations of ~20X our…

Last night (8/18), Flex (FLEX; $49.77; O/P) disclosed in an 8-K that it entered into a transaction agreement with Amazon (AMZN; $231.49; NR), which includes the issuance of warrants by Flex to AMZN. Most importantly,…

We see the 8% post-earnings plunge today in the shares of Flex (FLEX; $49.67; O/P) proving overdone in the coming weeks. Admittedly, the stock rallied 40% YTD (including doubling off its April lows) into this…

We expect a healthy “beat and raise” from Flex (FLEX; $51.96; O/P) when it reports FQ1 (Jun) results and outlook on Thursday, July 24th (before market), led of course again by cloud data center markets…