Flex is trading 6.7% down today at $105.72 as a major CEO transition announcement overshadows strong fiscal 2027 Q1 results and an improved full-year outlook.
- The company raised its full-year guidance, citing robust demand for AI infrastructure, which drove a significant beat on top and bottom lines.
- Despite strong fundamentals, the stock is selling off as the leadership change sparks concerns regarding execution and management stability during the transition.