NEW YORK — Flex Ltd. (NASDAQ: FLEX) shares skyrocketed more than 32% in early trading Wednesday, surging to $127.45 after the global manufacturing and technology solutions provider reported record fourth-quarter and fiscal 2026 results, significantly raised its full-year outlook, and announced plans to spin off its high-growth Cloud and Power Infrastructure segment into a new independent publicly traded company.

The massive move added billions to the company's market capitalization in a single session and marked one of the largest percentage gains among Nasdaq-listed stocks. Volume was extremely heavy as investors rushed to capitalize on the strong report and strategic announcement.

Flex reported fiscal fourth-quarter revenue of $7.48 billion, beating analyst estimates, with adjusted earnings per share of $0.93 compared to the consensus of around $0.79. For the full fiscal year 2026, the company raised its revenue guidance to $32.3 billion to $33.8 billion and adjusted EPS to $4.21–$4.51, well above previous expectations.

Strategic Spin-Off and Acquisition Boost Confidence

In addition to the strong numbers, Flex revealed it intends to spin off its Cloud and Power Infrastructure business into a separate publicly traded company. The move aims to unlock value for shareholders by allowing each entity to focus on its core strengths — one on high-margin AI and cloud infrastructure, the other on broader manufacturing services.

The company also completed the acquisition of Electrical Power Products (EP²), further strengthening its........

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