The Q1 guidance midpoint implies 34% YoY revenue growth and non-GAAP EPS of $2.54, above the $2.26 consensus for the unreported quarter. The new operating margin goal signals confidence in sustained margin expansion. Monitor the Q1 earnings call for details on the margin trajectory and free cash flow generation.
Price Chart
Executive Summary
Plexus reported Q4 fiscal 2026 revenue of $1.427B, above the $1.36B consensus, and non-GAAP EPS of $2.84, above the $2.55 consensus. Revenue grew 34.8% YoY. The company initiated Q1 fiscal 2027 revenue guidance of $1.410-$1.460B and non-GAAP EPS guidance of $2.46-$2.62, and introduced a new non-GAAP operating margin goal of 6.5%-7.0%.
Key Financial Metrics
Key Facts
- Q4 fiscal 2026 revenue $1.427B vs consensus $1.36B (beat)
- Q4 fiscal 2026 non-GAAP EPS $2.84 vs consensus $2.55 (beat)
- Revenue grew 34.8% YoY to $1.427B
- GAAP diluted EPS $2.51 vs consensus $2.55 (miss on GAAP basis, but Street tracks non-GAAP)
- Q1 fiscal 2027 revenue guidance $1.410-$1.460B, non-GAAP EPS $2.46-$2.62
- New non-GAAP operating margin goal of 6.5%-7.0% (previously 6%)
- Fiscal 2026 revenue record $4.965B, up 23% YoY
- Fiscal 2026 non-GAAP operating margin 6.2%
- ROIC 15.8%, economic return 6.8%
- Won 36 manufacturing programs representing $290M in annualized revenue
- Free cash flow $6.4M in Q4; fiscal 2026 free cash flow usage $28.9M
- Board approved $100M share repurchase program for fiscal 2027
Financial Impact
Revenue beat consensus by $67M (4.9%); non-GAAP EPS beat consensus by $0.29 (11.4%)
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Americas | $456.0M | +35.7% |
| Asia-Pacific | $861.0M | +42.3% |
| Europe, Middle East and Africa | $115.0M | -3.4% |
Risk Factors
- Q1 GAAP EPS guidance of $2.16-$2.32 is below the Q4 GAAP EPS of $2.51, partly due to seasonality and stock-based compensation
- Free cash flow was negative for fiscal 2026 ($28.9M usage) despite strong profitability, driven by working capital investment for growth
- Top 10 customer concentration increased to 56% of revenue, up 7pp YoY
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3390764 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 today | Institutional Cluster | $204.20 | awaiting T+1 | awaiting T+1 | $207.96 (+1.84%) |
Oct 28, 2026 2d ago | 8-K | No price | awaiting T+1 | awaiting T+1 | No price |
Oct 28, 2026 2d ago | Press Release | $216.32 $207.96 | ▼ −3.86% | ▼ −2.09% | $207.96 (−3.86%) |
Aug 24, 2026 9w ago | 8-K | $240.94 $244.52 | ▲ +1.49% | ▲ +1.46% | $207.96 (−13.69%) |
Jul 29, 2026 13w ago | Press Release | $241.99 $251.34 | ▲ +3.86% | ▲ +3.16% | $207.96 (−14.06%) |
Jul 15, 2026 15w ago | Press Release | $248.80 | awaiting T+1 | awaiting T+1 | $207.96 (−16.41%) |
Jun 18, 2026 19w ago | Institutional Cluster | $299.97 $303.82 | ▲ +1.28% | ▲ +1.60% | $207.96 (−30.67%) |
Jun 8, 2026 20w ago | Insider Cluster | $281.48 $275.51 | ▼ −2.12% | ▼ −0.54% | $207.96 (−26.12%) |
Jun 1, 2026 21w ago | Press Release | $271.40 $280.12 | ▲ +3.21% | ▲ +3.07% | $207.96 (−23.38%) |
May 6, 2026 25w ago | Insider Cluster | $260.71 $266.55 | ▲ +2.24% | ▲ +1.41% | $207.96 (−20.23%) |
US Market Status
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