Plexus Q4 2026: Revenue Up 35%, Beating EPS and Sales Expectations
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Revenue rose 34.8% year over year, exceeding expectations and the company's own guidance ceiling, and management guided fiscal Q1 to roughly the same growth rate.
Continue ReadingShow less
Plexus closed fiscal 2026 with revenue of $1.43 billion, beating expectations and clearing the top of its own guidance range. Adjusted non-GAAP EPS also came in above consensus.
Industrial, the largest segment at 48% of revenue, drove the quarter with sales of $691 million. Management credited stronger end-market demand and accelerating new program ramps across all three sectors.
The qualified opportunity funnel grew 33% year over year to a record $4.9 billion, pointing to more growth ahead. Management raised its long-term operating margin target in response.
Sponsored
Cash generation is the one area to monitor: full-year free cash flow was negative $28.9 million as inventory and receivables grew to support the rapid ramp. Management projected a return to positive free cash flow in fiscal 2027 and approved a new share repurchase program.
Plexus guided fiscal Q1 2027 revenue to roughly 34% growth year over year at the midpoint, essentially matching the pace just delivered. Full-year 2027 expectations call for mid- to upper-teens revenue growth with expanding operating margins.
Mentioned: PLXS