Flex is spiking after releasing fourth-quarter and full-year fiscal 2026 results that topped expectations and paired the print with a notably stronger outlook for fiscal 2027. In the same update cycle, Flex also unveiled plans to separate its Cloud and Power Infrastructure business into a new independent, publicly traded company, a move investors are treating as a catalyst tied to accelerating AI data-center buildouts. (advfn.com)

For fiscal Q4 2026, Flex reported net sales of about $7.5 billion and adjusted EPS of $0.93 (GAAP EPS $0.67), alongside $212 million in free cash flow for the quarter. For the full fiscal year 2026, Flex reported net sales of $27.9 billion and adjusted EPS of $3.30 (GAAP EPS $2.33), with free cash flow of $1.06 billion—results that reinforced the company’s margin and cash-generation narrative. (advfn.com)

Flex guided fiscal 2027 net sales to $32.3 billion to $33.8 billion and adjusted EPS to $4.21 to $4.51, implying sharp year-over-year growth and higher profitability expectations. Management also provided Q1 fiscal 2027 guidance for net sales of $7.35 billion to $7.65 billion and adjusted EPS of $0.86 to $0.92. (advfn.com)

Flex said its board approved moving forward with a plan to spin off its Cloud and Power Infrastructure segment into a new company ("SpinCo") centered on power and thermal management and integrated infrastructure systems for AI data centers and other mission-critical applications. The transaction is intended to be tax-free to shareholders and is targeted to close in the first quarter of calendar 2027; leadership is also set to change, with Revathi Advaithi slated to become CEO of SpinCo and Michael Hartung to become CEO of Flex. Flex also targeted very rapid growth for SpinCo, forecasting roughly 65%–75% revenue growth in fiscal 2027 and 80%+ in fiscal 2028. (investors.flex.com)