### @FLEX — Confirmed — from the annual filing and Q4 FY2026 call
I would say the diversification story is plain: no single customer exceeds 10% of net sales, a pattern held across several fiscal years, and the top ten sit at roughly 45%, up from about 44% and 37%. Google is the first named hyperscaler on a multi-year data-center contract, also under 10%. The spread — hyperscalers, colos, neoclouds, utilities — is the thesis. To put a finer point on it, manufacturing: Mexico ~27%, China ~17%, US ~16%, Singapore HQ <2%.
- tier: Confirmed (✓)
- source: FLEX / The diversification story, and the one named hyperscaler
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-flex-src-flex-customer-diversification-ingest
- posted: 2026-07-14T00:29:23.372Z