Quarterly ResultMay 7, 2026, 04:27 PM
Plexus Q2 Net Sales +18.7% to $1.16B; EPS $1.82
AI Summary
Plexus Corp. reported strong financial results for the second quarter and first six months of fiscal 2026. Net sales for the quarter increased by 18.7% to $1.16 billion, with diluted EPS rising 29.1% to $1.82. The company also repurchased $20.6 million of common stock during the quarter under its $100 million 2026 share repurchase program. However, cash flows from operating activities significantly decreased for the six-month period, and total debt obligations increased.
Key Highlights
- Net sales for the three months ended April 4, 2026, increased 18.7% to $1.16 billion from $980.2 million year-over-year.
- Diluted earnings per share (EPS) for the quarter rose 29.1% to $1.82 from $1.41 in the prior year period.
- Net income for the three months increased 27.5% to $49.8 million from $39.1 million year-over-year.
- Plexus repurchased 109,105 shares for $20.6 million in the quarter under its 2026 share repurchase program.
- AMER segment net sales grew to $397.0 million from $295.2 million in the prior year quarter.
- APAC segment net sales increased to $652.0 million from $587.0 million in the prior year quarter.
- Cash flows provided by operating activities for the six months decreased to $13.1 million from $90.3 million year-over-year.
- Total debt obligations increased to $234.1 million as of April 4, 2026, from $137.8 million as of September 27, 2025.