Flex Ltd. reported first-quarter fiscal 2027 results with sales of US$7,928 million and net income of US$285 million, while raising its full-year 2027 net sales guidance to a range of US$33.70 billion to US$35.20 billion. The company cited accelerating demand for AI and digital infrastructure, announced an expanded manufacturing partnership for AI supercomputers, and confirmed plans to spin off its cloud and power infrastructure business. Flex’s raised guidance aligns with management’s comments about accelerating AI and digital infrastructure demand, reinforcing AI infrastructure as a key near-term catalyst, though risks remain that large hyperscalers could bring power and cooling work in-house or slow spending. Flex’s narrative projects $49.7 billion revenue and $3.3 billion earnings by 2029, requiring 21.2% yearly revenue growth and about a $2.4 billion earnings increase from $880.0 million today, yielding a $160.40 fair value, a 41% upside to its current price. Some optimistic analysts assumed Flex could reach about US$53.6 billion of revenue and US$3.8 billion of earnings by 2029, reflecting a more optimistic view that may need revisiting given the new AI-focused momentum and updated guidance.