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What Flex makes for data centers

public · HQ Austin, US · flex.com

Flex is a contract manufacturer that builds rack-level compute and power infrastructure for AI data centers: custom power shelves and PSUs for GPU racks, 800 V DC power modules, and liquid-cooling hardware including JetCool cold plates and coolant distribution units. It also provides optics contract manufacturing and system integration for hyperscalers, reported inside its Cloud and Power Infrastructure segment.

Listing
US exchanges (NYSE/Nasdaq): FLEX· 115 USD +1.14% · mkt cap 42.6B USD0
Snapshot 2026-08-28T02:17:39Z — nightly, not real-time. · Chart on TradingView ↗
Exposure
5 parts across 4 layers
FY2026 results: Cloud and Power Infrastructure segment revenue of $6.6 billion, up 38% year over year (Flex Q4/FY2026 results release, May 2026).

Parts, by layer

Layer 3 — Networking & interconnect

PartRoleConfidenceCompetitorsNote
Optics contract manufacturingmanufacturerinferredCelestica, Fabrinet, Jabil, Sanmina

Layer 4 — Servers, racks & integration

Layer 5 — Liquid cooling (IT-side: chip to CDU)

PartRoleConfidenceCompetitorsNote
Direct-to-chip cold platesmanufacturerinferredAVC, Auras, Delta Electronics, Fositek, Foxconn (Hon Hai), Jentech

Layer 7 — Electrical: power distribution (grid to rack)

Disclosed customers

Customer%MetricPeriodFiling
one customer12%revenue2026-06-2610-Q
one customer10%receivables2026-03-3110-K
one customer45%revenue2026-03-3110-K
one customer46%revenue2025-12-3110-Q

Verification: enriched, last verified 2026-08-27. Sources: flex.com · www.prnewswire.comMarkdown · JSON