Flex Q4 Review: Decent Results, But The Spinoff Is More Exciting

Flex Ltd. delivered strong FY26 results, driven by 31% y/y growth in its Cloud and Power Infrastructure (CPI) segment. FY27 guidance significantly exceeded consensus, with projected net sales of $32.3B–$33.8B and adjusted EPS of $4.21–$4.51. The announcement of a tax-free spinoff of the high-growth CPI business, targeting Q1 '27, is expected to unlock substantial shareholder value.