Plexus Corp. Q1 2026 Earnings Recap

PLXS Q1 2026 January 29, 2026

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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.

Earnings Per Share Beat

$1.78 vs $1.77 est.

+0.6% surprise

Revenue Miss

1069852000 vs 1072429000 est.

-0.2% surprise

Market Reaction

1-Day +9.26%

5-Day +13.33%

30-Day +9.74%

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Key Takeaways

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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit PLXS on AllInvestView.