Plexus earnings exceeded the company’s fiscal fourth-quarter guidance as revenue reached $1.427 billion. For the full fiscal year ended October 3, 2026, revenue rose 23% to $4.965 billion, the company said on October 28.

Key Takeaways

  • Fourth-quarter GAAP diluted earnings were $2.51 per share, while adjusted earnings were $2.84.
  • Plexus forecast fiscal first-quarter revenue of $1.410 billion to $1.460 billion.
  • Management expects mid- to upper-teens revenue growth for fiscal 2027.

Plexus earnings exceed quarterly guidance

Fourth-quarter revenue surpassed the prior fiscal fourth-quarter revenue guidance of $1.330 billion to $1.380 billion. GAAP diluted earnings per share also exceeded the company’s forecast range of $2.18 to $2.34.

The quarter’s GAAP operating margin was 6.0%, and its non-GAAP operating margin was 6.7%. Adjusted earnings of $2.84 per share excluded $0.33 in stock-based compensation expense.

CEO Todd Kelsey attributed the results above guidance to stronger end-market demand and support for new program ramps.

Full-year results and new programs

Fiscal 2026 GAAP operating margin was 5.3%, with diluted earnings of $7.41 per share. On a non-GAAP basis, operating margin was 6.2% and diluted earnings were $8.97 per share, excluding $1.56 in stock-based compensation expense.

Plexus won 36 manufacturing programs during the fourth quarter. The company said the wins represent $290 million in annualized revenue when fully ramped into production; that figure is not revenue already earned.

The company repurchased $85 million of shares during fiscal 2026. Its board approved an additional $100 million repurchase program for fiscal 2027.

Fiscal 2027 outlook

For the fiscal first quarter ending January 2, 2027, Plexus forecast GAAP diluted earnings of $2.16 to $2.32 per share alongside its revenue guidance. Management also expects at least $100 million in free cash flow for the full fiscal year.

CFO David Abuhl announced a new non-GAAP operating margin goal of 6.5% to 7.0%, after the company exceeded its previous 6% goal. The goal is separate from the first-quarter forecast.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.