Quarterly ResultApr 29, 2026, 04:17 PM
PLXS Q2 Revenue $1.164B, EPS $2.05; Q3 Guidance Strong
AI Summary
Plexus Corp. reported record fiscal second quarter 2026 financial results, with revenue of $1.164 billion, exceeding guidance, and non-GAAP diluted EPS of $2.05, surpassing expectations. The company also achieved a record $355 million in annualized manufacturing program wins and generated $16.0 million in free cash flow. For the fiscal third quarter 2026, Plexus initiated strong revenue guidance of $1.200 billion to $1.250 billion and non-GAAP EPS of $2.02 to $2.18, anticipating continued growth from program ramps and improved end-market demand.
Key Highlights
- Q2F26 revenue reached a record $1.164 billion, up 19% year-over-year.
- Q2F26 non-GAAP diluted EPS was $2.05, exceeding guidance.
- Won 30 manufacturing programs representing a record $355 million in annualized revenue.
- Initiated Q3F26 revenue guidance of $1.200 billion to $1.250 billion, up 20% YoY at midpoint.
- Initiated Q3F26 non-GAAP EPS guidance of $2.02 to $2.18.
- Purchased $20.6 million of shares under the 2026 Share Repurchase Program.
- Generated $16.0 million in free cash flow; expects $50 million-$75 million for FY26.
- Americas revenue was $397 million, Asia-Pacific $652 million, EMEA $116 million.