Overview

* Plexus Corp ( PLXS ) fiscal Q4 revenue of $1.058 bln beats analyst expectations

* Non-GAAP EPS for fiscal Q4 exceeds company guidance, says CEO Todd Kelsey

* Company repurchased $21.5 mln of shares, $85 mln remains in authorization

Outlook

* Plexus sees Q1 2026 revenue between $1.050 bln and $1.090 bln

* Company expects Q1 2026 GAAP EPS of $1.40 to $1.55

* Plexus anticipates Q1 2026 non-GAAP EPS of $1.66 to $1.81

Result Drivers

* MANUFACTURING WINS - Plexus secured 28 manufacturing programs in Q4, representing $274 mln in annualized revenue, contributing to revenue growth

* INVENTORY REDUCTION - Co reduced gross inventory balance by $82 mln compared to fiscal 2024, improving cash cycle and financial performance

* CASH FLOW MANAGEMENT - Generated $97 mln in free cash flow in Q4, exceeding projections and supporting share repurchase and debt reduction

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Slight $1.05 $1.04

Revenue beat* bln bln (7

Analysts

)

Q4 EPS $1.87

Q4 Net $51.42

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electronic equipment & parts peer group is "buy"

* Wall Street's median 12-month price target for Plexus Corp ( PLXS ) is $158.00, about 4.9% above its October 21 closing price of $150.33

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)