PLEXUS (PLXS) Company Report

Plexus reported Q1 2026 revenue of $1.07 billion, a 10% year-over-year increase, and non-GAAP EPS of $1.78.
For Q2 2026, the company guides revenue between $1.11 billion and $1.15 billion, non-GAAP operating margin of 5.6%-6.0%, and non-GAAP EPS of $1.80-$1.95.
Plexus now anticipates meeting or exceeding the high end of its 9%-12% revenue growth goal for fiscal 2026, targeting a 6% non-GAAP operating margin and approximately $100 million in free cash flow.
The company secured 22 new manufacturing programs in Q1 2026, totaling $283 million in annualized revenue when fully ramped, with a record $220 million from the Aerospace and Defense sector.
Performance is driven by program ramps and demand in healthcare life sciences and aerospace and defense, with an improving outlook for semi-cap and industrial equipment, supported by AI-driven automation and efficiency initiatives.

Jan 29, 2026, 1:30 PM

Transcript

Plexus announces Q1 2026 results and Q2 2026 guidance

PLXS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Plexus reported Q1 2026 revenue of $1.070 billion and Non-GAAP diluted EPS of $1.78, marking the fourth consecutive quarter of sequential revenue growth and 10% year-over-year revenue growth.
For Q2 2026, the company provided guidance for revenue between $1.110 billion and $1.150 billion and Non-GAAP diluted EPS between $1.80 and $1.95.
Plexus forecasts approximately $100 million of F26 free cash flow and expects F26 revenue growth to meet or exceed the high end of its 9-12% goal.
Total wins for Q1 2026 were $283 million, with a record $220 million coming from the Aerospace/Defense sector.

Jan 29, 2026, 1:30 PM

Presentation

Plexus Reports Strong Q1 2026 Results and Raises Fiscal Year Revenue Outlook

PLXS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Plexus reported Q1 2026 revenue of $1.07 billion, a 10% increase year-over-year, meeting the midpoint of guidance, and non-GAAP EPS of $1.78, meeting the high end of guidance.
The company now anticipates meeting or exceeding the high end of its 9%-12% revenue growth goal for fiscal 2026, supported by strong performance across its healthcare life sciences, aerospace and defense, and industrial market sectors.
In Q1 2026, Plexus secured 22 new manufacturing programs worth $283 million in annualized revenue when fully ramped, with the aerospace and defense sector contributing $220 million. The company also forecasts approximately $100 million of free cash flow for fiscal year 2026.

Jan 29, 2026, 1:30 PM

Transcript

Plexus Reports Strong Q1 2026 Results and Raises Fiscal 2026 Revenue Outlook

PLXS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Plexus reported Q1 2026 revenue of $1.07 billion and non-GAAP EPS of $1.78, meeting the midpoint and high end of their guidance ranges, respectively.
For Q2 2026, the company is guiding revenue of $1.11-$1.15 billion, non-GAAP operating margin of 5.6%-6.0%, and non-GAAP EPS of $1.80-$1.95.
Plexus now has the potential to meet or exceed the high end of its 9%-12% revenue growth goal for fiscal 2026, driven by strong year-over-year revenue growth, program ramps, market share gains, and strengthening end-market demand.
The company secured 22 new manufacturing programs in Q1 2026, valued at $283 million in annualized revenue when fully ramped, including a record performance from the aerospace and defense sector.
Plexus forecasts approximately $100 million of free cash flow for fiscal 2026 and reported a return on invested capital of 13.2% for Q1 2026.

Jan 29, 2026, 1:30 PM

Transcript

Plexus Announces Fiscal First Quarter 2026 Financial Results and Q2 2026 Guidance

PLXS

Earnings

Guidance Update

Share Buyback

Plexus reported fiscal first quarter 2026 revenue of $1.070 billion, GAAP diluted EPS of $1.51, and non-GAAP diluted EPS of $1.78 for the period ended January 3, 2026.
For the fiscal second quarter 2026, Plexus initiated revenue guidance of $1.110 billion to $1.150 billion, with GAAP diluted EPS guidance of $1.53 to $1.68 and non-GAAP EPS guidance of $1.80 to $1.95.
During the fiscal first quarter 2026, the company purchased $22.4 million of its shares and won 22 manufacturing programs representing $283 million in annualized revenue when fully ramped.
Plexus delivered a return on invested capital (ROIC) of 13.2% and reported negative free cash flow of $50.6 million for the fiscal first quarter 2026.

Jan 28, 2026, 9:17 PM

8-K

Plexus Announces Fiscal First Quarter 2026 Financial Results and Second Quarter Guidance

PLXS

Earnings

Guidance Update

Share Buyback

Plexus Corp. reported fiscal first quarter 2026 revenue of $1.070 billion, GAAP diluted EPS of $1.51, and non-GAAP diluted EPS of $1.78 for the period ended January 3, 2026.
For the fiscal second quarter ending April 4, 2026, the company initiated guidance for revenue between $1.110 billion and $1.150 billion, GAAP diluted EPS of $1.53 to $1.68, and non-GAAP diluted EPS of $1.80 to $1.95.
During the first quarter, Plexus won 22 manufacturing programs representing $283 million in annualized revenue when fully ramped into production.
The company purchased $22.4 million of its shares at an average price of $146.36 per share under its 2026 Share Repurchase Program.

Jan 28, 2026, 9:15 PM

Press Release

Plexus Launches AI-Powered Marketing Wizard

PLXS

Product Launch

New Projects/Investments

Hiring

Plexus, a leading in-house legal technology provider, has launched Marketing Wizard, an AI-powered compliance platform designed to help marketing and legal teams move faster while ensuring compliance.
The platform references more than 230 industry laws, codes, and regulations, applying an organization's legal and brand intelligence to automatically approve compliant content and flag higher-risk items, which aims to cut legal workloads and turnaround times from days to hours.
Early adopters have reported campaign launch speeds up to five times faster and a measurable reduction in late-stage agency changes and external legal costs.
This launch follows Plexus's successful $6 million capital raise in May, which is funding expansion into key international markets, accelerating AI product delivery, and onboarding new talent.

Nov 5, 2025, 10:15 PM

Press Release

Plexus Reports Q4 2025 Results and Provides Q1 2026 Guidance

PLXS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Plexus reported Q4 2025 revenue of $1.058 billion and non-GAAP EPS of $2.14, which substantially exceeded its guidance. The non-GAAP operating margin was 5.8%.
For fiscal year 2025, the company achieved a 40 basis point expansion of non-GAAP operating margin, 30% non-GAAP EPS growth, and generated $154 million in free cash flow.
Plexus secured 141 new manufacturing wins in fiscal 2025, representing $941 million in annualized revenue when fully ramped.
For Q1 2026, Plexus is guiding revenue between $1.05 billion and $1.09 billion, non-GAAP operating margin between 5.6% and 6.0%, and non-GAAP EPS between $1.66 and $1.81.
The company anticipates accelerated revenue growth in fiscal 2026 towards its 9%-12% goal and expects capital spending to be in the range of $90 million-$110 million.

Oct 23, 2025, 12:30 PM

Transcript

Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results and Q1 2026 Guidance

PLXS

Earnings

Guidance Update

Share Buyback

Plexus Corp. reported fiscal fourth quarter 2025 revenue of $1.058 billion, with GAAP diluted EPS of $1.87 and non-GAAP diluted EPS of $2.14.
For the full fiscal year 2025, the company achieved revenue of $4.033 billion, with GAAP diluted EPS of $6.26 and non-GAAP diluted EPS of $7.43.
The company initiated fiscal first quarter 2026 revenue guidance of $1.050 billion to $1.090 billion, with GAAP diluted EPS of $1.40 to $1.55 and non-GAAP diluted EPS of $1.66 to $1.81.
Plexus generated $97 million in free cash flow for Q4 2025 and $154 million for fiscal year 2025.
During fiscal Q4 2025, Plexus won 28 manufacturing programs representing $274 million in annualized revenue when fully ramped, and purchased $21.5 million of its shares.