Flex (FLEX)

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…

We think recent news flow out of Flex (FLEX; $46.35; O/P) highlights how it continues to innovate across a range of its proprietary power solutions, which is important given how we see this roadmap continuing…

This morning, Flex (FLEX; $41.83; O/P) announced that its Anord Mardix business, which is focused on a range of power solutions for cloud and traditional data centers, as well as some other industrial applications, has…

We raise our F2026E (Mar) EPS for Flex (FLEX; $37.90; O/P) from $2.85 to $2.90 after the company posted a solid “beat and raise” with its FQ4 (Mar) results, which highlighted a continued robust pace…