FLEX · Flex Ltd

Flex Ltd. filed additional definitive proxy soliciting materials (DEFA14A) incorporating an excerpt from its Q2 FY2027 earnings call transcript. The filing provides an operational update on the planned spin-off of its Cloud & Power Infrastructure segment (Axiom), including the closing of the EPC Power acquisition, leadership appointments, and strong Q2 results with record EPS of $1.18 and CPI segment revenue growth of 54% YoY. This soliciting material supports management's case for shareholder approval of the spin-off at the November 2, 2026 extraordinary general meeting.

• Flex reported Q2 FY2027 record EPS of $1.18 per share.
• CPI segment grew 54% year-over-year in Q2 with margin expansion of over 200 basis points.
• RMS and ITS segments together grew 16% YoY, the fourth consecutive quarter of growth.
• The spin-off of Cloud & Power Infrastructure (Axiom) is proceeding; Axiom filed a Form 10 registration statement.