Plexus Corp Reports Impressive Financial Performance for 2025

Author: Evelyn Baker Updated: 10-22-2025 04:32 PM

Plexus Corp Financial Results Overview

Plexus Corp. (NASDAQ: PLXS) recently unveiled its impressive financial results for the fiscal fourth quarter and the entire year. This announcement highlights a solid performance, including significant revenue growth and strong earnings.

Fourth Quarter 2025 Financial Highlights

During the fourth quarter ended September 27, 2025, Plexus reported a revenue of $1.058 billion. The company achieved a GAAP operating margin of 5.0%, boasting a GAAP diluted earnings per share (EPS) of $1.87. For the fiscal year 2025, the total revenue reached $4.033 billion, maintaining an identical GAAP operating margin of 5.0% and a GAAP diluted EPS of $6.26.

Non-GAAP Results

Plexus also provided non-GAAP results that reflect underlying operating performance. The fourth quarter's non-GAAP operating margin stood at 5.8%, while the non-GAAP diluted EPS was $2.14, excluding stock-based compensation expense. For the entire year, the non-GAAP operating margin slightly improved to 5.9% with an adjusted EPS of $7.43.

Guidance for First Quarter 2026

Looking ahead, Plexus has initiated revenue guidance for the first quarter of 2026, estimating between $1.050 billion to $1.090 billion. The anticipated GAAP diluted EPS for this quarter is projected to be between $1.40 to $1.55, factoring in stock-based compensation expenses. The non-GAAP EPS is expected to range from $1.66 to $1.81, excluding these expenses.

Key Business Wins and Cash Flow Generation

In terms of business development, Plexus successfully won 28 new manufacturing programs during the fourth quarter, translating to an expected annualized revenue of $274 million when ramped up. Notably, the company generated free cash flow of $97 million in the quarter.

In the fiscal year, free cash flow amounted to $154 million, significantly aiding Plexus in executing its share repurchase program, purchasing $65 million of its shares at an average price of $136.80 per share.

Leadership Commentary

Todd Kelsey, the President and CEO of Plexus, expressed satisfaction with these results, emphasizing the commitment of the Plexus team to deliver exceptional value to customers. He highlighted the achievement of the non-GAAP EPS exceeding guidance and a notable free cash flow generation surpassing expectations.

Patrick Jermain, Executive Vice President and CFO, also remarked on the reduction of gross inventory and the efficiency achieved in cash cycles, noting an improvement to 63 days, the lowest in five years.

Sustainability Initiatives

Plexus continues its dedication to corporate responsibility, contributing over 32,000 paid volunteer hours to local communities in 2025 and donating $1.4 million through its Plexus Community Foundation. Additionally, the team has successfully reduced waste to landfill by over 30%, with several sites achieving zero waste.

Frequently Asked Questions

1. What were Plexus' financial results for Q4 2025?

Plexus reported a revenue of $1.058 billion with a GAAP diluted EPS of $1.87 for Q4 2025.

2. How did Plexus perform in fiscal year 2025 overall?

The company achieved a total revenue of $4.033 billion for the year, maintaining a GAAP operating margin of 5.0%.

3. What is the expected revenue guidance for Q1 2026?

Plexus expects Q1 2026 revenue to be between $1.050 billion and $1.090 billion.

4. Were there any significant operational wins for Plexus recently?

Yes, Plexus won 28 new manufacturing programs in the fourth quarter, amounting to $274 million in anticipated annual revenue.

5. What sustainability efforts is Plexus undertaking?

Plexus has committed over 32,000 volunteer hours and has donated $1.4 million to global non-profits, while also reducing waste to landfill significantly.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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