Flex stock gained 3.40 percent on October 2 on USD 3.3 billion financing

Published on 10/04/2026 at 17:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Flex stock closed at USD 116.61 on October 2 after a USD 3.3 billion financing facility emerged for the EPC Power deal. Q1 fiscal 2027 sales rose 21 percent to USD 7.928 billion.

FLEX, SG9999000020, Illustration mit AI erstellt.

Flex stock (ISIN SG9999000020) closed at USD 116.61 on Nasdaq on October 2, gaining 3.40 percent from the prior close of USD 112.78. The move followed disclosure of a USD 3.3 billion financing facility intended to support Flex's acquisition of EPC Power, as TradingView reported on October 2, 2026.

USD 3.3 billion facility supports EPC deal

The senior term loan was entered into on September 29, 2026, was not drawn at closing and will mature 364 days after funding. Its proceeds, together with cash on hand and other financing, are intended to fund part of the cash consideration for EPC Power and related assets.

The agreement also reduced Flex's existing USD 4.4 billion bridge facility on a dollar-for-dollar basis. The new credit agreement includes a maximum Debt to EBITDA ratio of 4.50 to 1.00 and a minimum interest coverage ratio of 3.00 to 1.00, according to StockTitan.

Q1 revenue rose 21 percent

Flex's Q1 fiscal 2027 results for the period ended June 26, 2026, provide the operating backdrop. Net sales reached USD 7.928 billion, up 21 percent from the prior year, while GAAP operating income was USD 392 million and the GAAP operating margin was 4.9 percent, StockTitan reported.

Adjusted EPS was USD 1.00, and Flex raised fiscal 2027 guidance to USD 33.7 billion to USD 35.2 billion in sales and USD 4.42 to USD 4.74 in adjusted EPS. The comparison matters because the company entered the financing announcement after a quarter in which revenue increased from USD 7.477 billion in the preceding fiscal quarter.

Analyst target stays above Nasdaq close

Yahoo Finance displayed an average analyst price target of USD 160.50 for Flex on October 2, with a high target of USD 180.00 and a low target of USD 142.00. The average target lies 37.6 percent above the USD 116.61 closing price, making the target spread a measurable test for the market's assessment of the acquisition and planned infrastructure expansion.

That valuation gap sits alongside a demanding market year. Flex's USD 43.1 billion market capitalization and 1,948,511-share volume were recorded for October 2, while the stock's 52-week range ran from USD 53.07 to USD 166.86. The range places the close 30.1 percent below the yearly high, even after a 93.00 percent year-to-date gain.

Flex stock closes at USD 116.61

Flex stock closed at USD 116.61 on Nasdaq on October 2, 2026, with a session range of USD 114.13 to USD 117.84 and volume of 1,948,511 shares. The financing structure and the next execution steps for EPC Power remain central to how the market evaluates the growth plan.