Plexus (NASDAQ:PLXS) Announces Q1 2027 Earnings Guidance

Key Points

• Plexus guided for Q1 fiscal 2027 EPS of $2.46–$2.62, above the $2.34 consensus estimate, while revenue guidance of $1.4–$1.5 billion was broadly in line with expectations.
• The company’s latest quarter exceeded forecasts, with revenue up 34.9% year over year to $1.43 billion and EPS of $2.84 versus the $2.55 consensus estimate. Management also raised its long-term adjusted operating-margin target to 6.5%–7.0% and expects mid- to upper-teens revenue growth in fiscal 2027.
• Shares fell 9.6% amid concerns about normalized upcoming-quarter earnings, negative fiscal-year free cash flow, and increased customer concentration, despite analysts maintaining a consensus “Buy” rating and a $276.86 average price target.

Plexus (NASDAQ:PLXS - Get Free Report) updated its first quarter 2027 earnings guidance on Friday. The company provided EPS guidance of 2.460-2.620 for the period, compared to the consensus EPS estimate of 2.340. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion.

Analyst Upgrades and Downgrades

Several research firms have commented on PLXS. Weiss Ratings downgraded Plexus from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd. Zacks Research upgraded shares of Plexus from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Needham & Company LLC reissued a "buy" rating and set a $310.00 price objective on shares of Plexus in a research report on Friday, August 14th. KeyCorp upgraded Plexus from a "sector weight" rating to an "overweight" rating and set a $300.00 price target on the stock in a report on Monday, September 21st. Finally, Wall Street Zen cut Plexus from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $276.86.

Plexus Trading Down 9.6%

NASDAQ:PLXS opened at $216.32 on Friday. Plexus has a 1 year low of $132.03 and a 1 year high of $307.06. The stock's fifty day moving average price is $247.43 and its two-hundred day moving average price is $239.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The company has a market cap of $5.79 billion, a P/E ratio of 29.15 and a beta of 0.88.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Wednesday, October 28th. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.36 billion. Plexus had a net margin of 4.08% and a return on equity of 13.50%. Plexus's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.14 earnings per share. As a group, analysts expect that Plexus will post 8.55 EPS for the current year.

Insider Activity at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $250.98, for a total transaction of $376,470.00. Following the transaction, the chief executive officer owned 65,888 shares in the company, valued at approximately $16,536,570.24. This represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the completion of the sale, the director owned 40,329 shares in the company, valued at approximately $11,090,475. This trade represents a 9.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,000 shares of company stock worth $2,319,260 in the last 90 days. Company insiders own 1.78% of the company's stock.

Key Plexus News

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Results exceeded expectations. Plexus reported fourth-quarter revenue of $1.427 billion, up 34.9% year over year, and non-GAAP diluted EPS of $2.84 versus analysts’ expectations near $2.55-$2.57. GAAP EPS was $2.51, while operating margin improved to 6.0%. Plexus Fiscal Fourth-Quarter Results
• Positive Sentiment: Record growth and stronger profitability targets support the long-term outlook. Fiscal 2026 revenue reached $4.965 billion, up 23% year over year, and adjusted operating margin was 6.2%. Management raised its long-term non-GAAP operating-margin goal to 6.5%-7.0% and expects mid- to upper-teens revenue growth in fiscal 2027.
• Positive Sentiment: Demand indicators remained robust. Plexus won 36 manufacturing programs representing $290 million in annualized revenue at full ramp, while its qualified opportunity funnel expanded 33% year over year to $4.9 billion. The company also authorized a new $100 million fiscal 2027 share-repurchase program. Plexus Earnings Guidance
• Neutral Sentiment: First-quarter guidance points to continued revenue growth but normalizes earnings. Plexus forecast revenue of $1.410-$1.460 billion and adjusted EPS of $2.46-$2.62 for the quarter ending January 2, 2027. Revenue is expected to rise modestly from the fourth quarter, but the EPS range is below the $2.84 reported for Q4, likely reflecting seasonality and ongoing investment.
• Negative Sentiment: Cash generation and concentration are investor concerns. Despite $6.4 million of fourth-quarter free cash flow, fiscal-year free cash flow was negative $28.9 million as inventory and receivables increased. The top 10 customers accounted for 56% of quarterly revenue, up from 49% a year earlier, increasing exposure to customer delays or program changes.

Plexus Company Profile

Plexus Corp. is an electronics manufacturing services company that helps customers design, develop, manufacture and service complex electronic products. The company provides an integrated product-realization process spanning engineering and design, supply-chain management, manufacturing, testing, logistics and aftermarket services.

Plexus supports original equipment manufacturers in industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.

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