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Plexus (PLXS)
NASDAQ:PLXS
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.89Last Year’s EPS
1.66Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents strong positive momentum: above-guidance revenue growth (10% YoY), high-value program wins (notably $220M in Aerospace & Defense), a robust $3.6B opportunity funnel, and reaffirmed free cash flow and margin targets. Near-term challenges include working capital-driven cash usage, inventory increases and seasonal compensation headwinds (50–60 bps), an $8% sequential decline in Industrial revenue, and some supply-chain lead time pressure. Management believes these investments and automation initiatives will drive scalable margin improvement and support the potential to meet or exceed the high end of the 9%–12% fiscal 2026 revenue target. Overall, the positive operational and demand signals materially outweigh the manageable short-term headwinds.Company Guidance
Revenue Growth and Sequential Momentum
Revenue of $1.07 billion in Q1 met the midpoint of guidance and marked the fourth consecutive quarter of sequential growth, representing a 10% year-over-year increase.
Strong Earnings Performance
Non-GAAP diluted EPS of $1.78 met the high end of guidance and non-GAAP operating margin was 5.8%, consistent with guidance despite near-term investments.
Material New Program Wins
Secured 22 new manufacturing programs worth $283 million in annualized revenue when fully ramped; Aerospace & Defense wins were $220 million (record quarterly performance).
Robust Opportunity Funnel
Funnel of qualified manufacturing opportunities remains strong at $3.6 billion; Aerospace & Defense engineering solutions funnel achieved an all-time high.
Upgraded Near-Term Guidance and FY Upside
Q2 revenue guidance of $1.11B–$1.15B (midpoint = +6% sequential, +15% YoY). Company sees potential to meet or exceed the high end of its 9%–12% fiscal 2026 revenue growth target.
Sector Highlights: Healthcare and Aerospace
Healthcare/Life Sciences revenue increased 10% sequentially in Q1 with $40M in wins; company expects Healthcare and Aerospace & Defense sectors each to exceed the 9%–12% fiscal 2026 growth target.
Strong Capital Efficiency and Return
Delivered a return on invested capital of 13.2%, 420 basis points above weighted average cost of capital; ended Q1 in a net cash position with $440M available on the revolver.
Reaffirmed Free Cash Flow and Strategic CapEx
Reconfirmed fiscal 2026 free cash flow target of approximately $100M while guiding capital spending to $100M–$120M to support growth and automation investments.
Operational and Automation Initiatives
Progressing automation (AutoStore, robotics) and AI initiatives across sites with ROIs under 12 months for certain robot deployments; redeployed 7 SMT lines to improve asset utilization and reduce footprint needs.
Site-Level Margin Tailwinds
New Thailand facility expected to contribute ~25–30 basis points of margin improvement for the year; Malaysia site issues were small and expected to be near breakeven by Q2.
PLXS Earnings History
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 |
|---|---|---|---|
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% |
Apr 23, 2025 | $127.17 | $125.35 | -1.43% |
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 Apr 29, 2026, After Close (Confirmed).
What is Plexus (PLXS) earnings time?
Plexus (PLXS) earnings time is at Apr 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 (Q2) is 1.89.