Plexus (NasdaqGS:PLXS) Q1 2026 Earnings call January 29, 2026 08:30 AM ET Company ParticipantsOliver Mihm - EVP and COOPatrick Jermain - EVP and CFOShawn Harrison - Head of Investor RelationsTodd Kelsey - CEOConference Call ParticipantsAnja Soderstrom - Senior Equity Research AnalystDavid Williams - Equity Research AnalystJames Ricchiuti - AnalystMelissa Fairbanks - Vice President and Equity Research AnalystSteve Barger - AnalystAnja SoderstromI will now hand the call over to Shawn Harrison, Vice President ...

Plexus (NasdaqGS:PLXS) Q1 2026 Earnings call January 29, 2026 08:30 AM ET Speaker0I will now hand the call over to Shawn Harrison, Vice President of Investor Relations. Please go ahead.Speaker6Good morning, and thank you for joining us today. Some of the statements made and information provided during our call today will be forward-looking statements, including without limitation, those regarding revenue, gross margin, selling and administrative expense, operating margin, other income and expense, taxes, ca ...

FISCAL FIRST QUARTER 2026 HIGHLIGHTS January 28, 2026 PLEXUS CONFIDENTIAL FISCAL FIRST QUARTER THEMES Program wins, share gains and improving market demand position Plexus in F26 to meet or exceed high end of 912% revenue growth goal. Forecast strong F26 operating leverage inclusive of investments in talent, technology, facilities and advanced capabilities. PLEXUS CONFIDENTIAL SAFE HARBOR AND FAIR DISCLOSURE STATEMENT Some of the statements made and information provided during our call as well as informatio ...

Plexus (PLXS) reported $1.07 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 9.6%. EPS of $1.78 for the same period compares to $1.73 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.07 billion, representing a surprise of -0.11%. The company delivered an EPS surprise of +0.57%, with the consensus EPS estimate being $1.77.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Plexus (PLXS) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +0.57%. A quarter ago, it was expected that this electronic manufacturing services company would post earnings of $1.84 per share when it actually produced earnings of $2.14, delivering a surprise of +16.3%.Over the last fo ...

Plexus Announces Fiscal First Quarter Financial Results NEENAH, WI – January 28, 2026 - Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal first quarter ended January 3, 2026, and guidance for our fiscal second quarter ending April 4, 2026. | | | Three Months Ended | | | --- | --- | --- | --- | | | Jan 3, 2026 | Jan 3, 2026 | Apr 4, 2026 | | | Q1F26 Results | Q1F26 Guidance | Q2F26 Guidance | | Summary GAAP Items | | | | | Revenue (in billions) | $1.070 | $1.050 to $1.090 | $1.110 ...

Group 1 - Plexus Corp. will release its fiscal first quarter 2026 results after market close on January 28, 2026 [1] - A conference call to discuss the results is scheduled for January 29, 2026, at 8:30 a.m. Eastern Time [2] - An audio webcast of the call will be available on the investor relations section of the Plexus website [1][2] Group 2 - Plexus Corp. specializes in designing, manufacturing, and servicing complex products in regulated environments [3] - The company operates in sectors such as Aerospace/Defense, Healthcare/Life Sciences, and Industrial [3] - Plexus has a global workforce of over 20,000 members across 26 facilities [3]

Core Viewpoint - Plexus (PLXS) shares experienced a significant increase of 7.5%, closing at $172.35, driven by strong trading volume and broader strength in the electronics manufacturing services (EMS) sector related to AI and industrial demand [1][2]. Group 1: Company Performance - Plexus ended fiscal 2025 with 141 manufacturing wins, translating to $941 million in annualized revenues, and anticipates new program ramps across all segments to support revenue growth in fiscal 2026 [2]. - The company is projected to report quarterly earnings of $1.77 per share, reflecting a year-over-year increase of 2.3%, with expected revenues of $1.07 billion, marking a 9.7% rise from the previous year [3]. Group 2: Market Context - Elevated global geopolitical tensions have led to increased defense budgets, which bolster long-cycle demand for mission-critical electronics, an area where Plexus excels [3]. - The consensus EPS estimate for Plexus has remained stable over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5]. Group 3: Industry Comparison - Plexus is part of the Zacks Electronics - Manufacturing Services industry, where Celestica (CLS) also operates, having closed 4.4% higher at $328.56, with a 3.9% return over the past month [6]. - Celestica's consensus EPS estimate has increased by 1.2% over the past month to $1.73, representing a substantial year-over-year change of 55.9% [7].

Core Insights - Plexus Corporation's share performance has been underwhelming, with a 14.5% gain over the past six months, significantly lagging behind the Electronic Manufacturing Industry's 47.5% growth and the S&P 500's 16.2% return [1][7] Price Performance - Other competitors in the electronics manufacturing services sector, such as Jabil, Sanmina, and Flex, have shown gains of 9.5%, 61.9%, and 30.1%, respectively, raising questions about Plexus's potential for a rebound in 2026 [3] Tailwinds for Plexus - Plexus is expected to benefit from new program ramps, focusing on high-demand sectors like healthcare, aerospace, and industrial markets, with 28 manufacturing program wins projected to contribute $274 million to annualized revenues [4][5] - The company has a strong pipeline with a funnel of qualified manufacturing opportunities valued at $3.7 billion, supporting its revenue growth target of 9-12% for fiscal 2026 [5] - In fiscal 2025, Plexus generated $154 million in free cash flow, allowing for debt reduction and share repurchases, with expectations to generate $100 million in free cash flow for fiscal 2026 [10][11] Sector Performance - The aerospace sector, particularly defense and space, experienced double-digit growth, while healthcare and life sciences revenues increased by 5% for the fiscal year, with expectations for further acceleration [8][9] Headwinds for Plexus - Revenue growth for fiscal 2026 is contingent on modest improvements in end-market demand, with challenges in the industrial sector due to weaknesses in industrial equipment and vehicle electrification [12] - Plexus relies heavily on a few large customers, with the top 10 customers accounting for 49% of revenues, exposing the company to customer concentration risks [13] - Macro uncertainties from shifting trade policies and competition from other electronics manufacturers pose additional challenges [14] Valuation - Plexus is trading at a forward 12-month price/sales ratio of 0.93, slightly above the sector's average of 0.89, while competitors like Flex, Jabil, and Sanmina have lower multiples [17][18] Investment Outlook - While Plexus has a healthy long-term outlook, near-term expectations are uncertain, suggesting that new investors should wait for a better entry point, while existing investors may consider holding the stock [19]

Core Insights - Evolv Technologies Holdings Inc. has entered a strategic partnership with Plexus Corp to enhance its manufacturing and supply chain capabilities, aiming to meet the increasing demand for its security screening products [1][2]. Group 1: Partnership Details - The collaboration combines Evolv's product expertise with Plexus' design, supply chain, and manufacturing capabilities, facilitating large-scale production and distribution [2]. - The partnership is expected to provide increased capacity, a scalable platform for global expansion, and long-term cost-saving opportunities through Plexus' manufacturing scale and procurement efficiencies [2][3]. Group 2: Market Opportunities and Support - The partnership will open new market opportunities through Plexus' sustaining services solution and enhance resiliency with geographic coverage, redundancy, and 24/7 global support [3]. - Evolv currently has sufficient inventory and committed production capacity to ensure uninterrupted service and consistent delivery to customers during the integration with Plexus [3]. Group 3: Company Background - Evolv Technologies specializes in AI-based weapons detection for security screening both in the US and internationally [4]. - Plexus Corp provides electronic manufacturing services across various regions including the US, Asia-Pacific, Europe, the Middle East, and Africa [4].