New York, Feb 11, 2026, 13:09 EST — Regular session
- Flex climbed roughly 1% in early afternoon deals, trading between $63.58 and $66.24 so far today.
- Chip-related shares jump, fueled by renewed signals of artificial-intelligence demand.
- Flex’s next report on how its data-center power and cooling segment is growing is on the radar for investors.
Flex Ltd got a roughly 1% bump Wednesday, sending the shares up to $64.95 by early afternoon in New York. The contract manufacturer’s stock has swung from $63.58 to $66.24 during the session.
The shift is significant: Flex now serves as a proxy for tracking capital spending on AI-driven data centers, where constraints around power delivery and cooling are starting to bite. The company sells data-center power, infrastructure, and cooling solutions directly into that construction wave. 1
Chip stocks with AI ties caught a lift on Wednesday after Tower Semiconductor posted a quarterly profit that topped forecasts and highlighted stronger demand for high-speed data links in AI infrastructure. CEO Russell Ellwanger noted that customers “have already agreed to buy” the extra silicon photonics output as Tower ramps up capacity. The VanEck Semiconductor ETF climbed roughly 2.7%. 2
Elsewhere, the S&P 500 ETF ticked up 0.2%. QQQ, heavier on tech, added 0.3%. The technology sector ETF moved up close to 0.6%.
Jabil picked up roughly 1.1%. Sanmina dropped 0.7%, and Celestica lost around 3.0% among other electronics manufacturing services names.
Flex’s latest update landed with its fiscal third-quarter earnings on Feb. 4: net sales hit $7.1 billion, and the company bumped up guidance for the year. For the fourth quarter, Flex is targeting net sales between $6.75 billion and $7.05 billion, with adjusted EPS coming in at $0.83 to $0.89. “Our strong performance continued,” CEO Revathi Advaithi said in the statement. (Those adjusted numbers are non-GAAP, stripping out certain costs and items.) 3
Flex wiped a near-term debt off its books, according to a quarterly filing. The company’s Form 10-Q showed it paid back the 3.750% Notes set to mature in February 2026—those were repaid as of Feb. 2. Remaining scheduled repayments for the fiscal quarter ending March 31 were also detailed. 4
Investors remain uncertain about just how long the AI-fueled demand surge will last for Flex’s data-center segment. CEO Revathi Advaithi, during the earnings call, cited a “35% growth rate for data center” this year. She also confirmed the company’s upcoming Investor Day is set for May 13 in Austin. 5
Still, things could reverse quickly—should data-center orders slow or clients delay their rollouts, the outlook shifts. Flex is already highlighting possible headwinds like inflation, currency volatility, trade tensions, tariffs, and ongoing supply-chain snags. The company also cautioned: sudden demand swings might leave it holding excess inventory. 6
Investors are eyeing that May 13 Investor Day for deeper insight into the company’s data-center growth plans and what’s ahead for longer-term margins. Then all attention shifts to quarterly results through March 31, which marks the end of Flex’s fiscal year.
