Plexus Corp (NAS:PLXS)

Q3 2026 Plexus Corp Earnings Call Transcript

Jul 30, 2026 / 12:30 PM GMT

Release Date Price: $241.99 (+0.62%)

Transcript 8-K

Key Points

Positve

Plexus Corp (PLXS) delivered record fiscal third quarter revenue of $1.305 billion, exceeding guidance with 28% year-over-year growth.
The company raised its fiscal 2026 outlook to more than 20% revenue growth and anticipates fiscal 2027 growth to exceed its 9% to 12% goal.
Non-GAAP operating margin of 6.3% met the high end of guidance, with expectations for fiscal 2026 margins to exceed 6% and further expansion in 2027.
The qualified manufacturing opportunities funnel reached a record $4.5 billion, up 23% year-over-year, supporting a strong long-term growth trajectory.
Cash cycle days improved to 62 days, the best result in over five years, and the company expects to return to meaningful free cash flow generation in fiscal 2027.
Aerospace and defense wins totaled $400 million year-to-date, more than double the combined fiscal 2024 and 2025 performance, positioning the company for secular outgrowth.

Negative

Plexus Corp (PLXS) faces a tightening supply chain with extended lead times and price increases for components, requiring proactive inventory pre-placement.
The company expects fiscal fourth quarter free cash flow to be breakeven or a slight usage of cash due to strategic working capital investments.
Healthcare life sciences sector growth is expected to moderate in fiscal 2027 as activity normalizes following a year of successful new product launches.
Fiscal 2027 non-GAAP effective tax rate is projected to increase to between 16% and 18%, up from the fiscal 2026 estimate of 15% to 17%.
The company anticipates higher interest expense in fiscal 2027, with non-operating expenses expected to rise sequentially in the fiscal fourth quarter.
Commercial aerospace, a key subsector, has not yet fully recovered to rapid growth, though it is expected to improve in fiscal 2027.

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

PLXS.OQ - Plexus Corp
Q3 2026 Plexus Corp Earnings Call
Jul 30, 2026 / 12:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning, everyone. Thank you for joining us for the Plexus third quarter earnings conference call. After today's prepared remarks, we will host a question-and-answer session. If you'd like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. On the call today to answer your questions after the presentation are Todd Kelsey, President and CEO, and David Abel, CFO and Senior Vice President. I will now hand the conference over to Sean Harrison, Vice President of Investor Relations. Sean, please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
----------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.