Quarterly ResultApr 29, 2026, 04:43 PM
PLXS Q2 Revenue $1.164B, EPS $1.82; CFO Patrick Jermain to Retire
AI Summary
Plexus Corp. reported record fiscal second quarter 2026 revenue of $1.164 billion, a 19% year-over-year increase, exceeding guidance. Non-GAAP diluted EPS reached $2.05, also surpassing guidance. The company achieved record manufacturing wins of $355 million in annualized revenue and generated $16.0 million in free cash flow. Additionally, Executive Vice President and CFO Patrick Jermain announced his retirement, with David Abuhl appointed as his successor, effective May 11, 2026.
Key Highlights
- Patrick Jermain to retire as CFO on July 31, 2026; David Abuhl appointed new CFO effective May 11, 2026.
- Q2F26 revenue was a record $1.164 billion, up 19% YoY, exceeding guidance.
- Q2F26 non-GAAP diluted EPS was $2.05, exceeding guidance.
- Achieved record 30 manufacturing program wins, representing $355 million in annualized revenue.
- Generated $16.0 million in free cash flow, surpassing projections.
- Q3F26 revenue guidance set at $1.200 billion to $1.250 billion.
- Q3F26 non-GAAP EPS guidance set at $2.02 to $2.18.
- Americas revenue $397M, Asia-Pacific $652M, EMEA $116M.
Price Impact
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