Earnings Releases·Oct 28, 2026, 4:17 PM ET

Plexus — Fiscal 2026 Earnings Summary

Fiscal 2026 revenue grew 23% year-over-year to $4.965 billion, with GAAP diluted EPS rising to $7.41 and non-GAAP diluted EPS reaching $8.97; operating margins expanded across both GAAP (5.3% vs. 5.0%) and non-GAAP (6.2% vs. 5.9%) bases.
Management anticipates fiscal 2027 revenue growth in the mid- to upper-teens range, targeting at least $100 million in free cash flow and a new non-GAAP operating margin goal of 6.5% to 7.0%.
The company completed a $21.4 million share repurchase program in fiscal 2026 and approved a new $100 million share repurchase program for fiscal 2027, while ROIC reached 15.8%, exceeding the 15% enduring goal.
The qualified opportunities funnel expanded by 33% year-over-year to a record $4.9 billion, and the company secured 36 new manufacturing programs in the fourth quarter representing $290 million in annualized revenue.
Fiscal 2026 free cash flow usage was $28.9 million due to $97.1 million in capital expenditures, and debt obligations increased with the current portion rising to $179.5 million from $45.8 million in fiscal 2025.