Plexus reported strong Q1 2026 performance, achieving $1.07 billion in revenue, driven by significant market share gains and robust operating performance, while continuing to invest in growth initiatives.
- Revenue of $1.07 billion marked a 10% year-over-year increase, meeting the midpoint of guidance.
- Non-GAAP EPS of $1.78 reached the high end of guidance, reflecting strong operational efficiency.
- Secured 22 new manufacturing programs valued at $283 million in annualized revenue, with a record performance in Aerospace and Defense.
- Guidance for Q2 2026 projects revenue between $1.11 billion and $1.15 billion, representing 15% year-over-year growth at the midpoint.
- Continues to expect approximately $100 million in free cash flow for the fiscal year, emphasizing working capital efficiency.
Community Discussion