Flex names Amy Schwetz CFO. Flex stock gains 3.51 percent

Published on 10/02/2026 at 19:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Axiom separation is planned for the first quarter of 2027. Flex stock trades at EUR 103.90 on October 2, 2026, versus EUR 100.38, plus 3.51 percent.

FLEX, SG9999000020, Illustration mit AI erstellt.

Flex stock (ISIN SG9999000020) was trading at EUR 103.90 at Lang & Schwarz on October 2, 2026 at 7:44 p.m. CEST, up 3.51 percent versus the prior close of EUR 100.38 on October 1, 2026. On September 15, 2026, Flex named Amy B. Schwetz as chief financial officer of its Regulated Manufacturing Services and Integrated Technology Services segments from October 5, 2026. The company expects her to become Flex CFO after the planned separation of its Cloud and Power Infrastructure business.

Axiom sets the next corporate milestone

Flex expects the separation to be completed in the first quarter of 2027, with Flex and Axiom Solutions operating as independent public companies after completion. The plan remains subject to Flex board approval, an effective Form 10 registration statement, shareholder approval and Singapore High Court approval, according to the September 15 release.

The leadership change gives the separation a defined financial transition. Revathi Advaithi is expected to lead Axiom, while Michael Hartung is expected to become Flex CEO after the split, according to Flex.

Quarterly growth raises the benchmark

Flex reported USD 7.9 billion of net sales in the first quarter of fiscal 2027, up 21 percent from the prior year. The period ended June 26, 2026, also produced USD 392 million of GAAP operating income, a 4.9 percent operating margin, and USD 285 million of GAAP net income, according to Stock Titan.

Flex also guided fiscal 2027 net sales to USD 33.7 billion to USD 35.2 billion and adjusted earnings per share to USD 4.42 to USD 4.74. That outlook puts the acquisition strategy beside an operating target, while the proposed EPC Power purchase adds a USD 4.4 billion transaction to the Cloud and Power Infrastructure portfolio, per the Flex announcement dated September 3, 2026.

After-hours price points higher

At Lang & Schwarz, Flex was trading at EUR 103.90 on October 2, 2026 at 7:44 p.m. CEST, plus 3.51 percent versus the EUR 100.38 prior close on October 1, 2026. The Nasdaq-listed stock had a USD 43.2 billion market capitalization and a USD 53.07 to USD 166.86 52-week range as of October 2, 2026.