Electronics manufacturer Plexus Q4 revenue edges past estimates

Plexus

22/10/2025 21:47

Overview

Plexus Corp fiscal Q4 revenue of $1.058 bln beats analyst expectations

Non-GAAP EPS for fiscal Q4 exceeds company guidance, says CEO Todd Kelsey

Company repurchased $21.5 mln of shares, $85 mln remains in authorization

Outlook

Plexus sees Q1 2026 revenue between $1.050 bln and $1.090 bln

Company expects Q1 2026 GAAP EPS of $1.40 to $1.55

Plexus anticipates Q1 2026 non-GAAP EPS of $1.66 to $1.81

Result Drivers

MANUFACTURING WINS - Plexus secured 28 manufacturing programs in Q4, representing $274 mln in annualized revenue, contributing to revenue growth

INVENTORY REDUCTION - Co reduced gross inventory balance by $82 mln compared to fiscal 2024, improving cash cycle and financial performance

CASH FLOW MANAGEMENT - Generated $97 mln in free cash flow in Q4, exceeding projections and supporting share repurchase and debt reduction

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight beat*
$1.05 bln
$1.04 bln (7 Analysts)
Q4 EPS
$1.87
Q4 Net Income
$51.42 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Plexus Corp is $158.00, about 4.9% above its October 21 closing price of $150.33

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Press Release: ID:nGNXkvHxz

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)