What Happened?
Shares of global manufacturing solutions provider Flex (NASDAQ: FLEX) jumped 7.9% in the afternoon session after shares continued to climb as the company reported strong first-quarter fiscal 2027 results and raised its full-year guidance, supported by robust demand for its AI infrastructure solutions.
Flex announced first-quarter revenues of $7.93 billion, a 21% increase from the previous year, with its adjusted operating margin growing to 6.7% from 6.0%. Management pointed to strong demand for power, cooling, and data center solutions as key drivers for growth. The company also confirmed its plan to separate its Cloud and Power Infrastructure business. Following the record results, Flex lifted its financial outlook for the full fiscal year 2027, signaling confidence in its continued performance.
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What Is The Market Telling Us
Flex’s shares are extremely volatile and have had 35 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 21 days ago when the stock gained 7.8% on the news that the company announced an expanded manufacturing partnership with Cerebras Systems to scale production of advanced AI supercomputers in the United States. The collaboration will significantly boost the production of the Cerebras CS-3, one of the world's most advanced AI accelerator systems, at Flex's facilities in Milpitas, California. Driven by accelerating demand for AI infrastructure, the expanded operation is expected to increase production capacity by approximately seven times through 2026. This scaling will be supported by new production lines, more floor space, advanced test infrastructure, and additional skilled manufacturing talent.
Flex is up 75.6% since the beginning of the year, but at $111.91 per share, it is still trading 30.9% below its 52-week high of $162.07 from June 2026. Investors who bought $1,000 worth of Flex’s shares 5 years ago would now be looking at an investment worth $6,224.
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