Plexus Q2 revenue  beats analyst expectations on strength across sectors

Plexus

29/04/2026 21:33

Overview

US electronics manufacturer reported record fiscal Q2 revenue up 19% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q2 was $2.05

Company repurchased $20.6 mln of shares under its 2026 buyback program

Outlook

Plexus sees fiscal Q3 revenue of $1.200 bln to $1.250 bln

Company expects fiscal Q3 non-GAAP EPS of $2.02 to $2.18

Plexus now expects mid-teens or greater fiscal 2026 revenue growth

Result Drivers

RECORD PROGRAM WINS - Co said it achieved record manufacturing wins of $355 mln in annualized revenue, including new programs in aerospace/defense, healthcare/life sciences, and industrial sectors

BROAD SECTOR CONTRIBUTIONS - Significant revenue growth attributed to contributions from all market sectors, per CEO Todd Kelsey

EFFICIENCY INITIATIVES - Improved operational efficiency and a better-than-expected cash cycle supported profitability and free cash flow

Company press release: ID:nGNX4n6QZG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.16 bln
$1.13 bln (7 Analysts)
Q2 EPS
$1.82
Q2 Net Income
$49.81 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 $206.00, about 16.4% below its April 28 closing price of $246.33

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)