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Flex Announces Intention to Spin Off its Cloud and Power Infrastructure Segment into a New Independent Publicly Traded Company

Spin-off will create two companies with distinct growth strategies that are poised to drive significant customer and shareholder value News summary The new company ("SpinCo") will be a high-growth critical digital and electrical infrastructure company, delivering end-to-end power and thermal management technologies and integrated infrastructure systems for AI data centers and mission-critical applications. Flex will continue as a leading advanced manufacturing company, designing and building highly complex products and services at global scale for premier brands across diversified end markets, with a disciplined focus on portfolio optimization, durable cash flow, and shareholder returns.

FLEX REPORTS FOURTH QUARTER AND FISCAL 2026 RESULTS

Reported Q4 net sales of $7.5 billion, and full-year net sales of $27.9 billion, up 17% and 8%, respectively, versus the prior year. Delivered Q4 GAAP operating margin of 5.0%, and adjusted operating margin of 6.7%, our sixth consecutive quarter with an adjusted operating margin of 6% or greater.

Flex Completes Acquisition of Electrical Power Products (EP²)

News summary Expands Flex's Critical Power portfolio with engineered-to-order electrical power control and protection capabilities  Strengthens utility and power generation market presence through deep engineering expertise and U.S. manufacturing scale Supports long term growth driven by grid modernization, electrification, data center demand, and U.S. reshoring AUSTIN, Texas, May 4, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced the completion of its acquisition of Electrical Power Products, Inc. ("EP²"), a leading provider of engineered‑to‑order electrical power control and protection systems. EP² expands Flex's Critical Power offering, adding engineered‑to‑order capabilities that support utility, power generation and data center customers.

Flex and Teradyne Robotics Expand Partnership to Scale Intelligent Automation Across Global Manufacturing

News summary Teradyne Robotics solutions are part of Flex's effort across its global manufacturing footprint to standardize automation and accelerate productivity. Flex manufactures core robotics components for Teradyne Robotics, enabling scalable production and rapid global deployment of automation solutions.