Flex agrees USD 2.0 billion Axiom financing. Flex stock gains 1.50 percent.

Published on 10/05/2026 at 17:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Axiom's initial enterprise value is USD 37.5 billion. Flex stock costs EUR 105.16 on October 5, 2026 after EUR 103.61, plus 1.50 percent.

FLEX, SG9999000020, Illustration mit AI erstellt.

Flex (ISIN SG9999000020) was trading at EUR 105.16 at Lang & Schwarz on October 5, 2026 at 5:03 p.m. CEST, up 1.50 percent from the EUR 103.61 prior close. On the same date, Flex agreed to sell USD 2.0 billion of Axiom convertible preferred stock, giving the planned separation a major financing milestone.

USD 2.0 billion backs Axiom

The investment values Axiom at an initial enterprise value of USD 37.5 billion, according to Flex on October 5, 2026. Axiom is Flex's Cloud and Power Infrastructure segment, and Flex intends to separate it into an independent, publicly traded company in the first quarter of calendar 2027.

The preferred stock pays a 10.00 percent annual cash dividend before the separation, then 6.00 percent in cash or 7.00 percent in kind after separation, subject to the transaction terms. Proceeds will help fund part of Axiom's pending EPC Power acquisition, related financing and corporate purposes.

Fresh results set the baseline

Flex generated USD 7.9 billion in revenue and USD 285.0 million in net income in the first quarter of fiscal 2027, compared with USD 7.5 billion in revenue and USD 250.0 million in net income in the fourth quarter of fiscal 2026. Yahoo Finance lists the first-quarter fiscal 2027 revenue at USD 7.93 billion and earnings at USD 285.0 million.

The comparison shows revenue rising 6.03 percent and net income increasing 14.00 percent between those reported periods. That operating base gives the financing announcement a measurable backdrop as investors assess how much of Flex's growth profile will remain with the parent after the separation.

Stock trades above prior close

Flex stock was trading at EUR 105.16 at Lang & Schwarz on October 5, 2026 at 5:03 p.m. CEST, plus 1.50 percent versus the EUR 103.61 prior close at Lang & Schwarz. The company had a market capitalization of USD 43.5 billion as of October 5, 2026.