Plexus (PLXS)

NASDAQ:PLXS

PLXS

Plexus

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Plexus (PLXS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 29, 2026

After Close (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

2.13

Last Year’s EPS

1.9

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 5 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Apr 29, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong positive momentum: robust top-line growth (Q2 revenue +19% YoY), record new program wins ($355M) and an expanding $4B funnel, accompanied by profitability that exceeded guidance and an upgraded FY2026 outlook (mid-teens revenue growth and 6%+ operating margin). Near-term headwinds include increased working capital needs (Q3 cash usage), tightening in specific supply chain commodities, ramp-related margin pressure and higher SG&A/non-operating expenses tied to investments and incentive pay. Overall, the company appears well positioned for sustained growth, with manageable near-term operational and capital demands.

Company Guidance

Plexus guided fiscal Q3 revenue of $1.20–$1.25 billion (midpoint ~+5% sequential, ~+20% year‑over‑year) with non‑GAAP operating margin of 5.9%–6.3% and non‑GAAP EPS of $2.02–$2.18; management expects Q3 gross margin of 9.9%–10.2%, SG&A of $69–$70 million, non‑operating expense of about $5.4 million, and a non‑GAAP tax rate of 16%–18%. For fiscal 2026 the company now targets mid‑teens (or greater) revenue growth, 6%+ non‑GAAP operating margin, $100–$120 million of capital expenditures, and $50–$75 million of free cash flow while managing cash cycle days to the low‑60s by year‑end (expecting 67–71 days in Q3); management also noted double‑digit revenue growth expected across each market sector—particularly aerospace & defense and industrial/semicap—supported by a $4 billion funnel (up 11% sequentially).

Strong Revenue Growth

Fiscal Q2 revenue of $1.164B, a 19% year-over-year increase and fifth consecutive quarter of sequential revenue growth; Q3 revenue guidance of $1.2B–$1.25B (midpoint ~20% YoY and ~5% sequential growth).

Record Program Wins and Expanding Funnel

Record $355M in annualized new manufacturing program wins across 30 programs in Q2; funnel of qualified manufacturing opportunities expanded 11% sequentially to $4.0B, with aerospace & defense and industrial funnels up >45% YoY.

Sector Momentum — Industrial and Aerospace & Defense

Industrial revenue up 12% sequentially in Q2 with record sector wins of $195M (including data center power and robotics); Aerospace & Defense revenue rose 19% sequentially with $44M in Q2 wins and expected sector growth well into double digits for FY2026.

Healthcare/Life Sciences Wins and Outlook

Healthcare/Life Sciences had $116M in Q2 wins (point-of-care ultrasound, robotic surgical platforms); Q2 revenue essentially flat sequentially (+1%) with outlook for resumed sequential growth into Q4 and FY2026 growth above the company 9%–12% goal.

Profitability Above Guidance

Non-GAAP operating margin of 6% in Q2 (at top end of guidance) and non-GAAP diluted EPS of $2.05 exceeded guidance; gross margin at 10.2% (top end of guidance).

Improved Working Capital & Cash Position

Q2 cash from operations $28.5M, capital expenditures $12.5M, free cash flow $16M (better than forecast); ended quarter in a net cash position, repurchased ~109,000 shares for $20.6M with ~$42M remaining authorization; cash cycle improved to 64 days (down 5 days sequentially).

Strong Return on Invested Capital

Q2 ROIC of 13.8%, 480 basis points above the company's weighted average cost of capital, demonstrating strong capital efficiency despite increased invested capital to support growth.

Confident FY2026 Guidance

Company raised FY2026 outlook to expect mid-teens or greater revenue growth and a 6%+ non-GAAP operating margin, with FY2026 free cash flow guidance of $50M–$75M and CapEx of $100M–$120M.

Plexus (PLXS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PLXS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 29, 2026	2026 (Q3)	2.13 / -	1.9	―	―	―
Apr 29, 2026	2026 (Q2)	1.88 / 2.05	1.66	23.49% (+0.39)
Jan 28, 2026	2026 (Q1)	1.76 / 1.78	1.73	2.89% (+0.05)
Oct 22, 2025	2025 (Q4)	1.87 / 2.14	1.85	15.68% (+0.29)
Jul 23, 2025	2025 (Q3)	1.71 / 1.90	1.45	31.03% (+0.45)
Apr 23, 2025	2025 (Q2)	1.54 / 1.66	0.94	76.60% (+0.72)
Jan 22, 2025	2025 (Q1)	1.59 / 1.73	1.04	66.35% (+0.69)
Oct 23, 2024	2024 (Q4)	1.55 / 1.85	1.44	28.47% (+0.41)
Jul 24, 2024	2024 (Q3)	1.27 / 1.45	1.32	9.85% (+0.13)
Apr 24, 2024	2024 (Q2)	0.87 / 0.94	1.45	-35.17% (-0.51)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PLXS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 29, 2026	$250.60	$250.58	>-0.01%
Jan 28, 2026	$180.85	$197.60	+9.26%
Oct 22, 2025	$146.10	$149.86	+2.57%
Jul 23, 2025	$133.83	$118.29	-11.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Plexus (PLXS) report earnings?

Plexus (PLXS) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).

What is Plexus (PLXS) earnings time?

Plexus (PLXS) earnings time is at Jul 29, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PLXS EPS forecast?

PLXS EPS forecast for the fiscal quarter 2026 (Q3) is 2.13.