PLXS · Plexus Corp.

Summary

Plexus Corp. reported record Q2 fiscal 2026 revenue of $1.164 billion with strong profitability and provided Q3 guidance, alongside announcing CFO Patrick Jermain's retirement and David Abuhl's appointment effective May 11, 2026.

Key takeaways

• Q2 FY2026 revenue $1.164B, up 19% YoY, GAAP operating margin 5.3%, non-GAAP 6.0%, diluted EPS $1.82 GAAP / $2.05 non-GAAP.
• Q3 FY2026 guidance: revenue $1.200B-$1.250B, non-GAAP EPS $2.02-$2.18.
• Won record 30 manufacturing programs worth $355M annualized revenue.
• CFO Patrick Jermain retires July 31, 2026; David Abuhl appointed CFO May 11, 2026 with $550K base salary.
• Generated $16M free cash flow; $20.6M share repurchases, $42M remaining under $100M authorization.
• ROIC 13.8%, cash cycle improved to 64 days.