On August 4, Flex Ltd rose 5.95% in pre-market trading, trading at $124.05/share, with turnover of $797,200.
On the news front, Flex Ltd is set to be included in the S&P 500 index, a catalyst expected to boost passive fund allocation demand in the near term. Meanwhile, the Electronic Manufacturing Services sector staged a broad rebound, with Fabrinet surging 14.53%, TTM Technologies up 8.47%, Celestica up 4.56%, and Jabil Circuit up 4.02%, reflecting strong sector momentum.
Fundamentally, the company recently reported fiscal Q1 adjusted EPS of $1.00, beating the consensus estimate of $0.91 by approximately 10%, while revenue of $7.928 billion also exceeded the $7.557 billion estimate. Full-year fiscal 2027 adjusted EPS guidance of $4.42-$4.74 brackets the Street estimate of $4.44. Additionally, the company recently expanded its manufacturing partnership with Cerebras Systems to boost AI accelerator production capacity by approximately 7x, reinforcing its positioning in high-growth AI infrastructure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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