Flex Ltd delivered a strong Q2 FY2026 with consolidated revenue of $6.804 billion, marking a 4% year-over-year increase. The company achieved an operating margin of 6.0% and a gross margin of 9.0%, supported by a data center portfolio that continues to outperform broader market growth. Management reiterated a healthy trajectory for data center demand, projecting at least 35% revenue growth in the data center space for the year, driven by cloud and power components as AI infrastructure expands. Flex also raised its full-year guidance, highlighting improved top-line momentum and solid cash generation, while acknowledging headwinds from Ukraine-related disruptions and tariff volatility, which remain largely pass-through items. On the strategic front, Flex highlighted its AI infrastructure platform and partnerships with leading hyperscalers (notably NVIDIA and Amazon), signaling commitment to high-value, margin-accretive opportunities in compute, cooling, and power systems. The quarter also showcased flexibly deployed capital allocation, including a $297 million stock repurchase and meaningful capex to support organic growth, positioning the company to capitalize on the AI-enabled data center cycle while maintaining a robust balance sheet and strong free cash flow.