Plexus Q3 revenue hits record, beating estimates on new programs' success
PLXS•Record fiscal Q3 results
Plexus reported record fiscal third-quarter revenue, beating analyst expectations. Adjusted EPS for fiscal Q3 rose to $2.32, with no analyst estimates available. The company also repurchased $20.6 million of shares under its 2026 buyback program.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Revenue | Beat | $1.31 billion | $1.23 billion (6 analysts) |
| Q3 EPS | $1.58 | ||
| Q3 Net Income | $42.99 million |
Drivers behind the quarter
The company said record Q3 revenue was driven by strengthening end market demand and successful new program launches.
- End market demand: record Q3 revenue was driven by strengthening end market demand and successful new program launches.
- New program wins: quarterly manufacturing wins of $255 million in annualized revenue included significant Aerospace/Defense and Industrial sector gains, per CEO Todd Kelsey.
- Working capital efficiency: improved cash cycle of contributed to operating performance, per CFO David Abuhl.
