Sep. 16 at 2:14 PM
$FLEX filed the Form 10 for its Axiom spinoff, expected to trade as AXM.
Axiom generated
$6.6B of FY2026 revenue vs.
$3.2B two years earlier.
The less comfortable numbers:
• 2 customers = 64% of revenue
• ~
$4.4B pro forma debt
•
$174M FY2026 free cash flow
• EPC Power will make the business bigger — and more leveraged
Flex currently expects to distribute 88%-94% of Axiom in Q1 2027.
https://www.stockspinoffs.com/2026/09/16/flex-axiom-spinoff-form-10-axm/