Flex and Teradyne Robotics expand manufacturing partnership

AUSTIN, Texas - Flex (NASDAQ:FLEX) and Teradyne Robotics announced today an expansion of their collaboration to include robotics manufacturing and deployment across global production facilities. Flex shares have surged 172% over the past year, trading at $85.14 with a market capitalization of $31.3 billion.

Under the expanded agreement, Flex will manufacture key components for Teradyne Robotics’ Universal Robots collaborative industrial robots while deploying both Universal Robots and Mobile Industrial Robots autonomous mobile robots in its own production environments. The arrangement allows Flex to provide operational feedback on the robotics technologies while supporting their production.

The partnership builds on a 20-year relationship in which Flex has manufactured semiconductor test equipment for Teradyne (NASDAQ:TER). The expansion extends the collaboration into intelligent automation and robotics components. According to InvestingPro data, Flex is a prominent player in the Electronic Equipment, Instruments & Components industry, though the platform currently indicates the stock is overvalued relative to its Fair Value assessment.

"For more than 20 years, Flex and Teradyne have partnered to deliver semiconductor equipment at global scale," said Dennis Kirkpatrick, President of Lifestyle, Consumer Devices, and Core Industrial at Flex. "Expanding our relationship into robotics and intelligent automation builds on a strong foundation."

Flex operates manufacturing facilities across 30 countries. The company will deploy Teradyne Robotics solutions as part of efforts to standardize automation across its global manufacturing footprint.

"Flex’s experience in manufacturing complex products across industries, combined with its global scale and resilient supply chain, makes it an ideal partner for advancing intelligent automation," said Jean-Pierre Hathout, President of the Teradyne Robotics Group.

Teradyne Robotics is integrating physical AI technologies into its collaborative industrial robots and autonomous mobile robots. The company stated these capabilities are designed to address operational complexity in manufacturing environments.

The information is based on a press release statement from the companies. Investors seeking deeper insights can access Flex’s comprehensive Pro Research Report on InvestingPro, one of 1,400+ US equities covered with expert analysis and actionable intelligence. The platform offers 16 additional ProTips for Flex beyond those mentioned here.

In other recent news, Flex Ltd. has reported significant developments that may interest investors. The company achieved a record adjusted operating margin of 6.5% in the third quarter of fiscal 2026, reaching this milestone a year earlier than anticipated. This performance has led Stifel to raise its price target for Flex shares from $75 to $95 while maintaining a Buy rating. Additionally, Flex has announced a definitive agreement to acquire Electrical Power Products for approximately $1.1 billion in cash, with anticipated tax benefits reducing the net cost to about $1.0 billion. Bank of America Securities has reiterated its Buy rating and $75 price target on Flex following this acquisition announcement. The company expects the deal to be accretive to adjusted earnings per share in the first full fiscal year after closing. Furthermore, Flex has unveiled new AI infrastructure designs incorporating NVIDIA technology, which are intended to accelerate AI data center deployment. These prefabricated modular solutions reportedly cut deployment timelines by up to 30% compared to traditional methods.

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