Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results

Core Insights - Plexus Corp. reported strong financial results for the fiscal fourth quarter and fiscal year ended September 27, 2025, with revenue of $1.058 billion and diluted EPS of $1.87, exceeding guidance [5][7] - The company provided guidance for the fiscal first quarter of 2026, expecting revenue between $1.050 billion and $1.090 billion, with diluted EPS projected between $1.40 and $1.55 [5][7] Financial Performance - Fiscal Q4 2025 revenue was $1.058 billion, with a GAAP operating margin of 5.0% and diluted EPS of $1.87 [5][9] - For fiscal year 2025, total revenue reached $4.033 billion, maintaining a GAAP operating margin of 5.0% and diluted EPS of $6.26 [5][9] - Non-GAAP results for Q4 2025 showed an operating margin of 5.8% and diluted EPS of $2.14, excluding stock-based compensation [5][9] Cash Flow and Share Repurchase - The company generated free cash flow of $97 million in Q4 2025 and $154 million for the entire fiscal year [6][14] - Plexus repurchased $21.5 million of its shares at an average price of $134.07 per share, with $85 million remaining under its current repurchase authorization [6][8] Operational Highlights - Plexus secured 28 manufacturing programs in Q4 2025, representing $274 million in annualized revenue when fully ramped [6][7] - The company achieved a return on invested capital (ROIC) of 14.6% for fiscal 2025, exceeding its weighted average cost of capital by 570 basis points [8][13] Market Sector Performance - In Q4 2025, revenue by market sector included Aerospace/Defense at $173 million (16%), Healthcare/Life Sciences at $424 million (40%), and Industrial at $461 million (44%) [10][11] - The top 10 customers accounted for 49% of revenue in Q4 2025, consistent with the previous quarter [10]