Core Insights - Plexus Corp (PLXS) reported fourth-quarter fiscal 2025 adjusted earnings per share (EPS) of $2.14, an increase from $1.85 in the same quarter last year, surpassing the Zacks Consensus Estimate of $1.84 per share [1][7] - Revenues for the quarter reached $1.058 billion, reflecting a year-over-year increase of nearly 0.7%, exceeding the Zacks Consensus Estimate of $1.046 billion [1][7] - For fiscal 2025, PLXS reported total revenues of $4.03 billion, up 1.8% from fiscal 2024, and adjusted EPS of $7.43, marking a 29.9% increase [3] Revenue Breakdown - Revenues from the Americas increased by 9.4% to $336 million, while revenues from EMEA and Asia-Pacific declined by 7% and 2.1%, respectively [2] - The Industrial sector's revenues rose by 2% year over year to $461 million, contributing 44% to total revenues, with expectations for low single-digit growth in the current quarter [4] - Healthcare/Life Sciences revenues increased by 2.2% to $424 million, accounting for 40% of total revenues, with anticipated low single-digit growth [5] - Aerospace/Defense revenues fell by 6% year over year to $173 million, contributing 16% to total revenues, with management guiding for flat revenue growth in this sector [8] Operational Performance - Gross profit on a GAAP basis decreased by 2.9% year over year to $104.8 million, with a gross margin of 9.9%, down from 10.3% in the previous year [10] - Selling and administrative expenses declined by 4.4% to $51.7 million, while adjusted operating margin contracted by 40 basis points to 5.8% [10] Cash Flow and Balance Sheet - As of September 27, 2025, Plexus had cash and cash equivalents of $307 million, up from $237.6 million as of June 28 [11] - Long-term debt and finance lease obligations were $91.9 million, slightly down from $92.2 million [11] - Cash flows from operations for the quarter were $132 million, with free cash flow reported at $97.2 million [11] Share Repurchase - The company repurchased $21.5 million worth of shares at an average price of $134.07 per share, with a total of $65 million repurchased in fiscal 2025 [12] Q1 Outlook - For the first quarter of fiscal 2025, revenues are expected to be between $1.05 billion and $1.09 billion, with non-GAAP EPS anticipated in the range of $1.66 to $1.81 [13]

Core Insights - Jabil, Inc. (JBL) is leveraging its diverse product offerings to maintain a strong presence in various end markets, including AI data center infrastructure, capital equipment, warehouse automation, 5G wireless, cloud computing, renewable energy, and automotive [1] - The company is expanding its market reach through strategic collaborations, acquisitions, and organic growth, notably partnering with Axiado Corporation to develop AI-driven security systems for AMD Servers [2] - Jabil has introduced the J-422G server, designed for high efficiency in AI, machine learning, and high-performance computing, while also entering the renewable energy market focusing on inverters and battery modules [3][4] - The company reported revenues of $29.8 billion in fiscal 2025, an increase from $28.9 billion in 2024, with projections of $31.3 billion for fiscal 2026, driven by growth in AI data centers, healthcare, and advanced warehouse automation [5][9] Market Position and Performance - Jabil's stock has increased by 63.4% over the past year, compared to the Electronic-Manufacturing Services industry's growth of 129.6% [8] - The company's shares are currently trading at a price/earnings ratio of 18, which is lower than the industry average of 25.56 [10] - Earnings estimates for 2025 have remained stable over the past 60 days, indicating consistent performance expectations [11]

Core Insights - Jabil Inc. (JBL) is leveraging its robust supply chain network to navigate geopolitical unrest and supply chain disruptions, which have affected many companies globally [1][7] - The company is investing $500 million in the Southeast U.S. to enhance its position in the AI hardware supply chain, focusing on localizing manufacturing to meet regional demands [3][7] Supply Chain and Market Position - Jabil's extensive presence in over 25 countries allows it to adapt production to changing market dynamics, enhancing reliability for customers [2][3] - The company is responding to trade-related uncertainties and tariffs by sourcing components from resilient suppliers, thereby mitigating supply chain risks [2] Competitive Landscape - Jabil faces competition from Celestica, Inc. and Flex Ltd., both of which have strong manufacturing networks and are also focusing on localized production to improve supply chain resilience [4][5] - Celestica is expanding its facilities in the U.S., Thailand, and Malaysia to meet the demand for AI data center products, while Flex boasts a significant global manufacturing footprint [4][5] Financial Performance - Jabil's stock has increased by 66% over the past year, although this is lower than the Electronic-Manufacturing Services industry's growth of 120.4% [6][7] - The company's shares are currently trading at a forward price/earnings ratio of 18.94, which is below the industry average of 24.75 [8] Earnings Estimates - Jabil's earnings estimates for 2025 have seen an upward revision over the past 60 days, indicating positive sentiment among analysts [10]

Core Insights - Jabil, Inc. (JBL) is expanding its portfolio to leverage the growing cloud and AI data-center infrastructure market, which is currently led by hyperscalers like Google, Amazon, and Microsoft [1][2] Group 1: Market Trends - The AI data center market is projected to grow from $13.62 billion in 2025 to $60.49 billion by 2030, reflecting a compound annual growth rate (CAGR) of 28.3% [3] - AI-as-a-service is gaining traction, prompting enterprises to utilize hyperscaler data centers for their AI needs due to their scalability, lower operating expenses, and high computational power [2] Group 2: Company Initiatives - Jabil is investing $500 million in a multi-year expansion of its manufacturing footprint in the Southeast U.S. to position itself as a key U.S.-based manufacturing partner for hyperscalers [3] - The acquisition of Mikros Technologies enhances Jabil's capabilities in liquid cooling and thermal management, while a partnership with Endeavour Energy LLC allows for on-demand data center capacity [4] Group 3: Financial Performance - Jabil anticipates generating $7.1 billion in revenues from the data center vertical in fiscal 2025, indicating a remarkable 54% year-over-year growth [5][9] - Jabil's stock has increased by 92.9% over the past year, although its forward P/E ratio of 18.94 is below the industry average of 22.18 [8][11] Group 4: Competitive Landscape - Jabil faces competition from Celestica, Inc. and Flex Ltd., both of which are also expanding their presence in the AI data center market [6][7] - Celestica is strengthening its position with industry-leading 400G and 800G switch products and collaborations with AMD and Broadcom [6]

Core Insights - Plexus Corp. reported third-quarter fiscal 2025 adjusted earnings per share (EPS) of $1.90, an increase from $1.45 in the same quarter last year, surpassing the Zacks Consensus Estimate of $1.71 per share [1][7] - Revenues reached $1.018 billion, a nearly 6% year-over-year increase, but slightly missed the Zacks Consensus Estimate of $1.021 billion [2][7] Revenue Breakdown - Revenues from the Americas increased by 2%, while EMEA sales declined by 14.6%. Asia-Pacific revenues surged by 14% to $594 million [2] - The Industrial sector's revenues rose by 3% year over year to $415 million, contributing 41% to total revenues. The Healthcare/Life Sciences sector saw a 10.5% increase to $420 million, also contributing 41% [4][5] - Aerospace/Defense revenues inched up by 2.8% year over year to $183 million, contributing 18% to total revenues [8] Operational Highlights - Plexus secured 41 new manufacturing program wins, expected to generate $250 million in annualized revenues once fully ramped into production [3][7] - Gross profit on a GAAP basis increased by 9.4% year over year to $103.3 million, with a gross margin of 10.1% [10] Cash Flow and Balance Sheet - As of June 28, 2025, Plexus had cash and cash equivalents of $237.6 million, down from $310.5 million as of March 29 [11] - The company reported cash flows from operations of $26.9 million and free cash flow of $13.2 million for the quarter [11] Share Repurchase Program - Plexus repurchased $18.4 million worth of shares at an average price of $128.70 per share and added another $100 million to its existing buyback authorization [12] Q4 Outlook - For the fourth quarter of fiscal 2025, Plexus anticipates revenues between $1.025 billion and $1.065 billion, with non-GAAP EPS expected in the range of $1.82 to $1.97 [13]

Core Viewpoint - Plexus Corp reported strong adjusted earnings per share (EPS) for the second quarter of fiscal 2025, exceeding expectations, but revenues slightly missed estimates due to mixed performance across sectors [1][2]. Financial Performance - Adjusted EPS for Q2 fiscal 2025 was $1.66, up from $1.19 in the same quarter last year, surpassing the Zacks Consensus Estimate of $1.54 [1]. - Revenues reached $980.2 million, a 1.4% year-over-year increase, but fell short of the Zacks Consensus Estimate of $980.5 million [2]. - Gross profit on a GAAP basis increased 11% year over year to $97.8 million, with a gross margin of 10%, up from 9.1% [6]. Revenue Breakdown - Healthcare/Life Sciences revenues rose 8.4% year over year to $411 million, contributing 42% to total revenues [5]. - Industrial sector revenues decreased 5% year over year to $397 million, accounting for 40% of total revenues [4]. - Revenues from Asia-Pacific increased by 12.5% to $587 million, while EMEA sales declined by 32% [2]. Operational Highlights - Plexus secured 42 manufacturing program wins in the quarter, expected to generate $205 million in annualized revenues once fully ramped [3]. - Selling and administrative expenses rose 3% year over year to $49 million, while adjusted operating margin expanded by 80 basis points to 5.7% [8]. Balance Sheet and Cash Flow - As of March 29, 2025, cash and cash equivalents were $310.5 million, down from $317.2 million as of December 28, 2024 [9]. - Free cash flow for the quarter was reported at $16.5 million [9]. Share Repurchase and Future Outlook - The company repurchased $12.2 million of shares at an average price of $141.18, with $25 million remaining under its $50 million buyback authorization [10]. - For Q3 fiscal 2025, revenues are anticipated to be between $1 billion and $1.04 billion, with non-GAAP EPS expected in the range of $1.65-$1.80 [11].