Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results

Todd Kelsey, President and Chief Executive Officer of Plexus Corp.

“Plexus delivered an outstanding fiscal 2026 that exceeded expectations, achieving record revenue of $5 billion, representing 23% year-over-year growth, and non-GAAP operating margin of 6.2%. In addition, ROIC surpassed our 15% enduring goal, supported by exceptional working capital performance. Finally, fiscal fourth quarter revenue of $1.43 billion, non-GAAP operating margin of 6.7% and non-GAAP EPS of $2.84 all exceeded guidance ranges as our team effectively captured stronger end-market demand and continued to support new program ramps.”

Todd Kelsey, President and Chief Executive Officer of Plexus Corp.

“In support of sustaining our diversified and accelerating growth momentum, our go-to-market team generated robust quarterly manufacturing wins of $290 million in annualized revenue. Each market sector delivered strong performance and secured exciting new customer programs and relationships. Lastly, our funnel of qualified opportunities expanded significantly by $1.2 billion year over year, or 33%, to reach another record of $4.9 billion.”

Todd Kelsey, President and Chief Executive Officer of Plexus Corp.

“Our culture is foundational to our success and embodied by our team as they live our vision to help create the products that build a better world. In fiscal 2026, our global team contributed approximately 35,000 paid volunteer time off hours to our local communities and the Plexus Community Foundation donated $1.5 million to non-profits globally. In addition, we reduced our absolute Scope 1 and 2 emissions by more than 50% across our global manufacturing sites versus our fiscal 2023 baseline. Finally, I am immensely proud of the numerous customer honors earned by our team in fiscal 2026 recognizing supplier and manufacturing excellence.”

David Abuhl, Senior Vice President and Chief Financial Officer of Plexus Corp.

“Plexus leveraged significant revenue growth, and the dividends from our ongoing operational efficiency investments and continuous improvement culture, to drive fiscal 2026 non-GAAP operating margin of 6.2%. Having consistently exceeded our previous 6% goal, we are introducing a new non-GAAP operating margin goal of 6.5% to 7.0%. This new goal is supported by strong operational momentum, continued anticipated revenue leverage and a balanced ongoing approach toward investments in growth, people and technology.”

David Abuhl, Senior Vice President and Chief Financial Officer of Plexus Corp.

“Amidst further revenue growth acceleration, working capital discipline was outstanding, with a fiscal fourth quarter cash cycle of 62 days. While we anticipate a typical seasonal increase in cash cycle days for our fiscal first quarter, we remain focused on delivering cash cycle days in the low to mid 60s for fiscal 2027. Furthermore, we continue to expect to generate at least $100 million in fiscal 2027 free cash flow, driven by our robust profitability, strong working capital efficiency and disciplined capital investment.”

Todd Kelsey, President and Chief Executive Officer of Plexus Corp.

“We are guiding fiscal first quarter revenue of $1.410 to $1.460 billion, up 1% sequentially and 34% year over year at the midpoint, with non-GAAP operating margin of 6.0% to 6.4% and non-GAAP EPS of $2.46 to $2.63. For fiscal 2027, we anticipate continued expansion in revenue and profitability, driven by market sector strength, program ramps and share gains while sustaining our investments in people, operational efficiency and technology. We now expect mid- to upper-teens revenue growth with increasing operating margin and sustained working capital efficiency. Finally, through our aligned focus on innovation and our continuous improvement culture, Plexus is creating customer success, scaling the company for the future and developing substantial long-term efficiencies that we expect to generate robust financial returns and shareholder value.”