Top 11 AI News and Ratings You Probably Missed

5. Flex Ltd. (NASDAQ:FLEX)

Number of Hedge Fund Holders: 45

Flex Ltd. (NASDAQ:FLEX) provides manufacturing, design, and supply chain solutions for industries including automotive, healthcare, and consumer electronics worldwide.

Flex (NASDAQ:FLEX) reported Q3 non-GAAP EPS of $0.77, surpassing expectations by $0.14, with revenue of $6.6 billion, exceeding estimates by $400 million despite a 7% year-over-year decline. The company’s data center business grew 45% year-over-year. Revathi Advaithi, CEO & Director said:

“The trends in Q3 were largely as expected, with some additional strength coming from data center, from health solutions and consumer-related markets. This quarter, our data center business grew a robust 45% year-over-year despite increasingly difficult comps. We continue to see sustained demand in our hyperscale cloud integration programs and our power portfolio, resulting from AI-driven cloud expansion. We’re seeing hyperscalers place greater emphasis on tailored solutions and looking for more help from fewer suppliers.”

For Q4 FY25, the company projects revenue between $6.0 billion and $6.4 billion, with adjusted EPS ranging from $0.65 to $0.73, compared to the $0.66 consensus. Full-year FY25 guidance was updated, forecasting revenue between $25.4 billion and $25.8 billion, with adjusted EPS of $2.57 to $2.65, exceeding the $2.45 consensus.