Plexus Q1 EPS Beats as Revenue Rises 9.6% and Q2 Guide Tops $1.11B
Plexus posted Q1 fiscal 2026 adjusted EPS of $1.78 beating estimates, with revenues of $1.07B up 9.6% YoY despite a slight miss on consensus. Americas sales jumped 25.9% to $345M, 22 program wins will add $283M in annual revenues and Q2 revenue is guided to $1.11–$1.15B.
1. Q1 Fiscal 2026 Results
Plexus reported Q1 fiscal 2026 adjusted EPS of $1.78, up from $1.73 a year earlier, exceeding the expected $1.77. Revenue reached $1.07B, marking a 9.6% increase year over year but narrowly missing the $1.071B consensus.
2. Regional Growth and Program Wins
Revenues from the Americas soared 25.9% to $345M, EMEA grew 16.8%, and Asia-Pacific rose 0.8%. The company secured 22 new manufacturing program wins projected to generate $283M in annualized revenue once fully ramped.
3. Q2 Guidance and Share Repurchase
For Q2, revenue is forecast at $1.11B–$1.15B with non-GAAP operating margin of 5.6%–6% and EPS of $1.80–$1.95. Plexus held $248.8M in cash as of Jan. 3, repurchased $22.4M of shares and has $62.6M remaining in its buyback authorization.