Key Takeaways Flex posts strong free cash flow and robust buybacks, reinforcing its financial position.Flex accelerates data center growth with next-gen AI power, compute and cooling solutions.Flex sees balanced fiscal 2026 growth across segments amid competition and uneven end markets.With rising AI investments, strengthened customer ties and disciplined financial management, Flex Ltd. (FLEX)  enters the second half of fiscal 2026 with momentum and a strong focus on long-term value creation. Despite tariff ...

Group 1 - U.S. stocks experienced a decline, with the Dow Jones falling over 200 points on Monday [1] - Paramount Skydance Corporation launched an all-cash tender offer to acquire Warner Bros. Discovery, Inc. for $30 per share, valuing the company at $108.4 billion [1] - Paramount aims to create a scaled Hollywood leader by merging with Warner Bros. [1] Group 2 - Paramount Skydance shares increased by 9.8% to $14.68 on Monday [2] - Other notable stocks that gained include Wave Life Sciences Ltd., which rose 129.1% to $17.16 after positive interim Phase 1 data for its obesity drug [4] - Structure Therapeutics Inc. saw a gain of 100.5% to $69.30 following the announcement of topline data from its clinical program for obesity treatment [4] Group 3 - Fulcrum Therapeutics, Inc. shares rose 62.3% to $14.44 after reporting initial results from its Phase 1b trial for sickle cell disease [4] - Kymera Therapeutics, Inc. gained 51.2% to $100.75 after reporting successful trial results for its KT-621 drug [4] - Confluent, Inc. shares increased by 29.2% to $29.89 after IBM agreed to acquire the company for $31 per share [4]

Group 1 - Evolv Technologies Holdings, Inc. (EVLV) has gained approximately 68.9% year-to-date, outperforming the average gain of 29% in the Computer and Technology sector [4] - The Zacks Consensus Estimate for EVLV's full-year earnings has increased by 15% over the past 90 days, indicating improved analyst sentiment and earnings outlook [4] - Evolv Technologies belongs to the Computers - IT Services industry, which is currently ranked 84 in the Zacks Industry Rank, while the industry has seen an average loss of 13.4% this year [6] Group 2 - The Computer and Technology group is ranked 1 within the Zacks Sector Rank, which includes 16 different groups [2] - Evolv Technologies has a Zacks Rank of 2 (Buy), suggesting it is positioned to potentially outperform the broader market in the near term [3] - Another stock in the Computer and Technology sector, Flex (FLEX), has also performed well with a year-to-date return of 62.6% and a Zacks Rank of 2 (Buy) [5][7]

Core Points - Flex LNG Ltd has appointed Mr. Marius Foss as the Chief Executive Officer of Flex LNG Management AS, effective immediately [1] - Mr. Foss has been serving as the Interim Chief Executive Officer and Chief Commercial Officer since joining the company in 2018, bringing over 35 years of shipping experience [2] - The Chairman of Flex LNG, Mr. Ola Lorentzon, expressed confidence in Mr. Foss's leadership and commercial capabilities, which are seen as a strong foundation for the company's future development [3] - Mr. Foss emphasized the company's modern fleet, substantial contract backlog, and strong balance sheet, positioning Flex LNG well to capitalize on future opportunities [3]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Summary of Flex's Conference Call Industry Overview - The conference focused on the Electronics Manufacturing Services (EMS) industry, particularly the data center and cloud sectors, with a strong emphasis on AI and digital infrastructure trends [12][16][17]. Key Drivers of Growth 1. **AI and Data Center Demand**: - AI and data center-related services are expected to be significant growth drivers, impacting multiple business segments, including cloud and power [12][13]. - The data center business is projected to grow from $4.8 billion with a 50% growth rate to approximately $6.8 billion, reflecting a 35% growth rate this year [21][22]. 2. **Digital Infrastructure**: - Growth in digital infrastructure, including high-speed networking and satellite communications, is anticipated to positively impact Flex's networking business [16]. 3. **Automation**: - Increased focus on automation in industrial environments, including robotics and warehouse automation, is expected to drive growth [16][17]. 4. **Health Solutions**: - The rising prevalence of diabetes is positively affecting the health solutions business, particularly in continuous glucose monitors and GLP-1 devices [17]. Business Trends and Customer Insights - Flex has seen strong demand across all customer categories, including hyperscalers, colocation providers, and silicon providers [19]. - The company is experiencing a shift towards integrated solutions, with customers increasingly requesting modular designs for data centers [26][36]. - Conversations with hyperscalers have improved, with a focus on faster deployment and reduced lead times, achieving a 30% reduction in lead times for power solutions [36][52]. Competitive Landscape and Market Dynamics - Flex operates in a highly competitive environment but maintains a strong position due to its technology-agnostic approach and diverse partnerships [63][65]. - The company is witnessing unprecedented levels of investment in the data center space, which is creating opportunities for co-investment and new commercial models [67][71]. Financial Performance and Margin Outlook - Flex's fastest-growing business, the data center segment, operates at higher margins than the corporate average, with both Agility and Reliability segments achieving operating margins above 6% [112][114]. - The company is focused on continuing to expand margins through product growth, value-added services, and productivity improvements [121][122]. Supply Chain and Regionalization - The company has adapted to supply chain challenges by regionalizing its operations, with increased interest in U.S.-based manufacturing and other regions [94][96]. - While input costs may rise due to regionalization, Flex expects to maintain margins through pass-through pricing models [106][108]. Strategic Focus Areas - Flex is prioritizing investments in high-margin sectors, including health solutions and automotive, while managing capacity to align with customer demand [90][135]. - The company is committed to maintaining a balanced portfolio, focusing on higher-margin, longer product lifecycle businesses [128][130]. Conclusion - Flex is well-positioned for future growth, leveraging trends in AI, digital infrastructure, and automation while maintaining a disciplined approach to capital allocation and margin expansion [140][142].

Summary of Flex's Earnings Call Company Overview - **Company**: Flex - **Industry**: Data Center and Power Solutions Key Points Financial Performance - Flex reported an expected revenue of **$6.5 billion** from the data center segment for the current fiscal year, representing **25%** of total revenue, with a projected growth rate of **35%** for fiscal 2026 [4][5][7] - The power business generated **$1.3 billion** in revenue for fiscal 2025 [9][10] Data Center and Power Business - Flex's data center business includes compute integration, power development for chips, cooling solutions, and auxiliary cooling systems [5][6] - The growth in the data center market is driven by increasing power demands from chips and advancements in cooling technologies [7][8] - The embedded power business is a significant growth area due to the rising power consumption of chips [7][16] Technology Trends - The industry is moving towards **800-volt** technology to meet the increasing power demands of data centers, with Flex currently validating a **400-volt** product [17][19][22] - Flex is focusing on providing integrated solutions that combine power supply units, bus bars, and rack systems, leading to increased revenue per megawatt [23][24] Modular Solutions - Flex has been developing **PowerPods** to streamline installation and reduce deployment times for data centers [25][27][28] - The company is expanding its modular solutions to include IT and cooling pods, enhancing the speed and efficiency of installations [27][29] Utility Market and Acquisitions - The acquisition of **Crown Technical** in 2024 has strengthened Flex's presence in the utility market, particularly in modular systems [33][35] - Flex is expanding its utility business, which is expected to grow alongside the data center segment [37][38] Capacity and Demand - Flex is currently unable to meet demand and is investing in capacity expansions across multiple facilities in the U.S. and Mexico [40] - The company is strategically focusing on high-growth markets such as data centers and utilities while being selective about other sectors [57][58] Competitive Landscape - Flex believes it has a strong competitive position due to its local capabilities and integrated solutions, despite competition from various players in the market [52][54][55] Partnerships and Collaborations - Flex has partnered with **LG** to enhance its cooling solutions, providing a complete cooling stack for data centers [44][45] - The company is focused on maintaining around **80%** of its capabilities internally while leveraging partnerships for complementary technologies [48] Future Outlook - Flex anticipates continued growth driven by the demand for data centers and power solutions, with a focus on productivity improvements through AI and automation [63][64] - The company expects to maintain strong operating margins, supported by growth in high-margin areas and internal productivity initiatives [67][68]

Core Insights - Abbott has launched two new shakes under the Ensure Max Protein line to support muscle health and nutrition goals, reflecting a growing focus on wellness and aging in America [1][6] Product Details - Ensure Max Protein 42g is designed for active adults, providing 42 grams of complete protein, 23 essential vitamins and minerals, and 2 key electrolytes to support muscle function [5][7] - Ensure Max Protein 2 in 1 Muscle Support is aimed at older adults, containing 30 grams of protein and 1.5 grams of CaHMB to help slow muscle breakdown [5][12] Market Strategy - The products are exclusively available at Walmart until March 2026, with plans for expanded distribution to major retailers starting in April 2026 [10] Health Insights - Research indicates that adults over 40 may lose up to 8% of muscle mass per decade, and active adults may require up to twice as much protein as sedentary individuals to maintain muscle health [2][4] - New data suggests that protein intake can also help stabilize glucose levels, with users of Abbott's Lingo continuous glucose monitor experiencing 15% lower odds of elevated glucose levels on days they consumed protein shakes [9]

Core Insights - Flex Ltd. is rapidly expanding its presence in the high-growth data center market, driven by proprietary technology, partnerships, and global manufacturing capacity to meet AI-driven infrastructure demand [1] - The company reported exceptional performance in the cloud and power segments during the second quarter of fiscal 2026, reinforcing its leadership in the industry [1] Data Center Portfolio - Flex's integrated data center portfolio, which includes power systems, cooling solutions, and compute, is a key growth engine supported by deep systems expertise and global scale [2] - Management highlighted that fully integrated power and IT solutions enable faster deployment and more efficient operations for hyperscale, colocation, and silicon customers, enhancing Flex's overall margin profile [2] AI Infrastructure Platform - A significant catalyst for growth is the introduction of a new AI infrastructure platform that allows data center operators to deploy infrastructure up to 30% faster and reduce execution risk [3] - Collaborations with NVIDIA and LG Electronics aim to develop modular, energy-efficient AI data centers, leveraging next-generation 800-volt DC architectures to improve energy efficiency and reduce cooling requirements [3] Revenue Growth and Guidance - Flex is projected to generate approximately $6.5 billion in data center revenue for the year, reflecting at least 35% year-over-year growth and constituting 25% of total revenues [4] - The company has revised its fiscal 2026 revenue guidance to $26.7–$27.3 billion, an increase of $500 million from the previous midpoint, with an expected adjusted operating margin of 6.2% to 6.3% [5] Competitive Landscape - Flex faces competition from companies like Jabil Inc. and Sanmina Corporation, which are also expanding in the data center and AI infrastructure markets [6][7] - Jabil is expected to benefit from strong demand in AI data center infrastructure and has projected revenues of $31.3 billion for fiscal 2026 [7] - Sanmina focuses on end-to-end solutions and is prioritizing expansion into high-growth industries, with expected revenues of $2.05-$2.15 billion for the first quarter of fiscal 2026 [8][9] Stock Performance and Valuation - Flex shares have increased by 48.5% over the past year, outperforming the Electronics - Miscellaneous Products industry, which grew by 20.7% [10] - The company trades at a forward 12-month price-to-earnings (P/E) ratio of 18.77, below the industry average of 24.02 [11] - The Zacks Consensus Estimate for Flex's earnings for fiscal 2026 has been revised upward over the past 60 days, indicating positive market sentiment [12]