Plexus Corp (NAS:PLXS)

Q1 2026 Plexus Corp Earnings Call Transcript

Jan 29, 2026 / 01:30 PM GMT

Release Date Price: $197.6 (+9.26%)

Transcript 10-Q8-K

Key Points

Positve

Plexus Corp (PLXS) achieved strong year-over-year revenue growth, with a 10% increase, meeting the midpoint of their guidance range.
The company secured 22 new manufacturing programs, totaling $283 million in annualized revenue, with significant wins in the aerospace and defense sector.
Plexus Corp (PLXS) anticipates robust growth in operating profit and aims to achieve a 6% non-GAAP operating margin while continuing to invest in talent and technology.
The company forecasts approximately $100 million of free cash flow for fiscal 2026, highlighting efforts to drive working capital efficiency.
Plexus Corp (PLXS) has been recognized for its commitment to sustainability and workplace excellence, receiving multiple awards in Malaysia.

Negative

The aerospace and defense sector's revenue increased only 3% sequentially, slightly below expectations due to customer end-of-year inventory management.
Fiscal first-quarter cash from operations consumed approximately $16 million, with a total cash outflow of $51 million due to capital expenditures.
The industrial sector experienced an 8% sequential revenue decline, in line with forecasts, indicating challenges in this market.
Plexus Corp (PLXS) faces headwinds from typical seasonal cost increases and increased variable compensation expenses.
The company anticipates a higher effective tax rate of 16-18% for fiscal 2026, up from a low rate in the previous year due to global minimum tax impacts.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PLXS.OQ - Plexus Corp
Q1 2026 Plexus Corp Earnings Call
Jan 29, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone, thank you for joining us and welcome to the Q1 2026 Plexus earnings conference call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press 1 on your telephone keypad. To withdraw your question, press 1 again. I will now hand the call over to Sean Harrison, Vice President of Investor relations. Please go ahead.

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Unidentified_2 [2]
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Good 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

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