Flex expands modular data center portfolio to accelerate AI deployment
The company introduces integrated power and cooling modules reducing deployment time by 50% ahead of Axiom spinoff in Q1 2027.
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Global advanced manufacturing and product lifecycle services provider
flex.comLast updated
In short: Flex advanced its Axiom spin-off and AI strategy while reporting record first-quarter fiscal 2027 results.
The company introduces integrated power and cooling modules reducing deployment time by 50% ahead of Axiom spinoff in Q1 2027.
Amy Schwetz joins as CFO. Boards for Flex and Axiom gain directors George Oliver, Brian Yoor, Mark Eubanks, and David Johnson.
The transaction adds leading power conversion technology for grid applications and expected double-digit EBITDA margin expansion by 2027.
Revenue grew 21% year-over-year, while adjusted earnings per share reached a record high of $1.00 and operating margins improved to 6.7%.
"You've got a $950 million increase from the prior guide" (Ruben Roy, Stifel) and "customer concentration of Axiom post-spin" (Steven Fox, Fox Advisors) reflected analyst...
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