Plexus fiscal Q3 2026 earnings call drew CEO Todd P. Kelsey, CFO David Abuhl and IR VP Shawn Matthew Harrison; COO Oliver Mihm missed it due to illness.
Q3 revenue was $1.31 billion, beating guidance, up 12% sequentially and up 28% year over year; non-GAAP operating margin was 6.3%; non-GAAP EPS was $2.32.
Q4 outlook: revenue of $1.33 billion to $1.38 billion; non-GAAP operating margin of 6.1% to 6.5%; non-GAAP EPS of $2.47 to $2.63; gross margin of 10% to 10.3%.
Full-year and pipeline update
Management projected fiscal 2026 revenue growth above 20% with non-GAAP operating margin above 6%; it also sees fiscal 2027 growth exceeding the 9% to 12% target.
Record qualified manufacturing funnel was $4.5 billion; there were 31 program wins worth $255 million annualized; the data-center power and energy-storage funnel was near $0.5 billion.
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