"Advaithi didn't set out to ride the artificial intelligence (AI) boom. After becoming CEO of Flex (formerly known as Flextronics) in 2019, she zeroed in on the contract manufacturing company's power-focused business, which makes components that manage, regulate, and distribute power for advanced semiconductors and systems. Advaithi understood that business segment well from her years working at Eaton, the power management company."
"She quietly began to build a portfolio of products and services to design, manage, and deploy power, compute, and cooling infrastructure. Today, that business is growing 35% year-over-year, and Advaithi expects it to generate about $6.5 billion of Flex's fiscal 2026 annual revenue, projected to reach $26.7 billion to $27.3 billion. As Modern CEO went to press, Flex stock was up 65%, outperforming the broader market and the tech-heavy Nasdaq Composite Index."
Revathi Advaithi became CEO of Flex in 2019 and refocused the company on its power-focused business, leveraging prior experience at Eaton. She anticipated continued demand for power and compute and invested quietly in products and services to design, manage, and deploy power, compute, and cooling infrastructure. That business is growing about 35% year-over-year and is expected to generate roughly $6.5 billion of Flex’s fiscal 2026 revenue. Company revenue is projected near $26.7–$27.3 billion, and Flex stock rose about 65%, reflecting market outperformance amid expanding AI and semiconductor demand.
Read at Fast Company
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