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Flex Ltd. (NASDAQ:FLEX) is one of the best multibagger stocks to buy in 2026. On April 22, Flex and Teradyne Robotics expanded their partnership to accelerate and scale intelligent automation across global manufacturing. Under this agreement, Flex operates in a dual capacity by deploying Teradyne’s automation technologies within its own facilities while manufacturing core robotics components to support the global deployment of Teradyne Robotics’ solutions.

The collaboration centers on Teradyne Robotics brands Universal Robots/UR and Mobile Industrial Robots/MiR. Flex manufactures key hardware components for UR and integrates collaborative industrial robots (cobots) and autonomous mobile robots/AMRs into its own production lines. This setup establishes a continuous feedback loop, using real-world manufacturing data to validate the technology and efficiently replicate successful automated workflows at scale.

This expansion transitions a 20-year relationship in manufacturing semiconductor test equipment into the fields of robotics and physical AI. By combining Teradyne’s adaptive automation technologies with Flex’s supply chain and advanced manufacturing capabilities, the companies aim to help manufacturers navigate rising operational complexity. The integration of physical AI into these systems is designed to improve consistency, throughput, and operational resilience across global facilities.

Flex Ltd. (NASDAQ:FLEX) is a diversified manufacturing partner with a growing focus on AI infrastructure, cloud computing, and power solutions.

While we acknowledge the potential of FLEX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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