Flex Reports Second Quarter Fiscal 2027 Results

Flex Ltd. reported its second-quarter fiscal 2027 results and reiterated plans to spin off its Cloud & Power segment as Axiom. The company recorded $91 million in spin-off-related costs during the quarter and said its acquisition of EPC Power is expected to immediately benefit fiscal 2027 performance. Flex also updated its financial projections for the third quarter and full fiscal year 2027; the article did not provide specific revenue or profit figures.