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Flex Ltd - FLEX STOCK NEWS

Welcome to our dedicated page for Flex news (Ticker: FLEX), a resource for investors and traders seeking the latest updates and insights on Flex stock.

Flex Ltd. (NASDAQ: FLEX) is a leading sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world. With a global workforce of over 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight, and logistics services. The company's diverse client base spans across various industries and end-markets, showcasing its versatility and comprehensive capabilities.

The company operates through two main segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). Flex Agility Solutions addresses markets such as Communications, Enterprise and Cloud, Lifestyle, and Consumer Devices. Meanwhile, Flex Reliability Solutions focuses on Automotive, Health Solutions, and Industrial markets.

Flex’s core business revolves around contract manufacturing, offering extensive electronics design, manufacturing, and product management services to electronics and technology companies. This allows clients to focus on core activities while Flex handles the complexities of product lifecycle management, from initial design to final production and logistics.

Recent achievements include a significant announcement on April 8, 2024, where Flex declared it would reveal its fourth quarter and fiscal 2024 financial results on May 1, 2024. Notably, Flex's CEO Revathi Advaithi highlighted the company’s strong margin expansion and EPS growth for the fiscal year, emphasizing its ability to navigate economic cycles effectively.

Another milestone is the acquisition of FreeFlow on May 31, 2024. FreeFlow enhances Flex’s services in asset disposition and digital circular economy tracking. This acquisition enables Flex to expand its reverse logistics and sustainability analytics, furthering its commitment to delivering high-value, sustainable solutions to its clients.

Flex's commitment to innovation and sustainability is evident through its diverse product offerings and strategic partnerships. The company is poised to continue its growth trajectory, driven by its strong operational foundation and strategic initiatives aimed at increasing stakeholder value.

For more information about working at Flex, please visit www.flextronics.com/careers.

News

FLEX REPORTS SECOND QUARTER FISCAL 2024 RESULTS; ANNOUNCES PLAN TO SPIN-OFF REMAINING INTEREST IN NEXTRACKER TO FLEX SHAREHOLDERS

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Flex announces Q2 FY2024 results, with net sales of $7.5 billion and adjusted EPS of $0.68. CEO Revathi Advaithi highlights focus on margin expansion and growth in targeted markets. Guidance for Q3 includes revenue of $6.5 billion to $6.9 billion and adjusted EPS of $0.57 to $0.65. FY2024 guidance updated with total revenue of $28.1 billion to $28.8 billion and adjusted EPS of $2.49 to $2.66. Flex plans to spin-off remaining interest in Nextracker to shareholders.
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Flex Announces Date for Second Quarter Fiscal 2024 Earnings Call

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Flex to announce Q2 fiscal 2024 financial results on October 25, 2023
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Nextracker to Announce Second Quarter Fiscal 2024 Results on October 25, 2023

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Nextracker (NXT) to announce Q2 FY2024 financial results on October 25, 2023.
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Nextracker India Achieves 10 GW Annual Domestic Manufacturing Capacity to Serve India’s Rapidly Expanding Solar Power Market

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Nextracker reaches milestone of over 5 GW of smart solar tracker systems with 80% local content for Indian utility-scale solar power generation
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Nextracker Opens New U.S. Factory with Dedicated Capacity in Las Vegas with Unimacts

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Nextracker and Unimacts open new solar manufacturing facility in Las Vegas, creating over 100 jobs
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Flex Releases its 2023 Sustainability Report

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Flex publishes 2023 sustainability report, highlighting progress towards goals
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Nextracker Unveils Next Generation Tech Suite to Address Hail, Undulating Terrain, and Rapidly Changing Atmospheric Conditions

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Nextracker unveils suite of next-gen innovations at RE+ 2023 tradeshow, including Hail Pro, NX Horizon XTR-1.5, and Zonal Diffuse
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Flex to Participate in Upcoming Investor Conference

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Flex announces participation in investor conference
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Nextracker and Asteelflash/USI Open New Electronics Manufacturing Line for U.S. Solar Power Plants

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NXT: Nextracker Inc. and Asteelflash/USI Announce Grand Opening of U.S. Manufacturing Line. The joint investment in the facility is a multi-million-dollar project that will create new jobs and boost local economic growth. The manufacturing line in Fremont, CA, will produce Nextracker's patented self-powered controller (SPC) and high voltage power supply, key components for the company's solar tracking technology. The company aims to serve domestic and international demand by expanding its production capacity. With over 10 new U.S. production facilities opened in the past year, Nextracker is positioning itself as a leader in the solar industry.
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Leeward Renewable Energy and Nextracker Expand Strategic Partnership with 3-Year Volume Commitment Agreement for 3 Gigawatts of Solar Tracker Technology

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Leeward Renewable Energy (LRE) and Nextracker have signed a Volume Commitment Agreement (VCA) to deliver three gigawatts (GW) of Nextracker's NX Horizon™ smart solar tracking system to LRE solar projects. This agreement furthers their commitment to advancing the U.S. supply chain and domestic manufacturing. Nextracker's technology will enhance energy production and resilience of LRE's solar portfolio. The agreement emphasizes job creation and U.S.-made manufacturing of renewable energy projects.
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FAQ

What is the current stock price of Flex (FLEX)?

The current stock price of Flex (FLEX) is $40.36 as of February 21, 2025.

What is the market cap of Flex (FLEX)?

The market cap of Flex (FLEX) is approximately 16.0B.

What does Flex Ltd. do?

Flex Ltd. is a sketch-to-scale™ solutions company that designs and builds intelligent products for a connected world, providing design, engineering, manufacturing, supply chain, and logistics services.

What markets does Flex Ltd. serve?

Flex Ltd. serves various markets through its Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS) segments, including Communications, Enterprise and Cloud, Lifestyle, Consumer Devices, Automotive, Health Solutions, and Industrial.

Where can I find Flex Ltd.'s latest financial results?

Flex Ltd.'s latest financial results are available on their Investor Relations website at investors.flex.com.

How many employees does Flex Ltd. have?

Flex Ltd. has a global workforce of over 200,000 professionals across 30 countries.

What recent acquisitions has Flex Ltd. made?

In May 2024, Flex Ltd. acquired FreeFlow, a company specializing in asset disposition and digital circular economy tracking, enhancing Flex’s services in reverse logistics and sustainability analytics.

Who is the CEO of Flex Ltd.?

Revathi Advaithi is the CEO of Flex Ltd.

What is Flex Ltd.'s approach to sustainability?

Flex Ltd. is committed to sustainability through innovative design, engineering, and lifecycle management services, including the recent addition of sustainability analytics and circular economy solutions.

Where can I find more information on career opportunities at Flex Ltd.?

For more information about career opportunities at Flex, you can visit www.flextronics.com/careers.

How does Flex Ltd. support its diverse customer base?

Flex Ltd. supports its diverse customer base by offering comprehensive design, engineering, manufacturing, supply chain, and logistics services across different industries and end-markets.

What are Flex Agility Solutions and Flex Reliability Solutions?

Flex Agility Solutions (FAS) serves markets like Communications, Enterprise and Cloud, Lifestyle, and Consumer Devices. Flex Reliability Solutions (FRS) caters to Automotive, Health Solutions, and Industrial markets.
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Flex Ltd

Nasdaq:FLEX

FLEX Rankings

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FLEX Stock Data

15.97B
379.42M
0.72%
103.77%
3.7%
Electronic Components
Printed Circuit Boards
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United States
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