Did Plexus beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Plexus year over year?

What is the market's earnings forecast for Plexus next quarter?

What does Plexus do and what are its main business segments?

What is Plexus's gross profit margin?

What is Plexus's latest dividend and current dividend yield?

What were the key takeaways from Plexus’s earnings call?

What were the key takeaways from Plexus's earnings call?

- **Revenue Momentum**: $1.058B Q4 revenue, 3rd straight quarter of sequential growth driven by semi cap, energy, and healthcare.
- **AI-Driven Innovation**: AI solutions in healthcare (AI-powered cell analysis) and thermal management for AI compute.
- **Financial Strength**: $154M FY2025 free cash flow, $100M debt reduction, 30% EPS growth.
- **2026 Outlook**: 9-12% revenue growth target with new program ramps in aerospace, defense, and semi cap.

**【CEO Summary Section】**
- **Revenue Performance**: Fiscal Q4 revenue of $1.058 billion marked the third consecutive quarter of sequential growth, with strong demand across semi cap, energy, and healthcare sectors.
- **AI and Strategic Investments**: Highlighted AI-driven solutions in healthcare (e.g., AI-powered digital cell analysis) and thermal management for AI compute platforms. New Penang facility expected to breakeven within one quarter despite near-term drag.
- **2026 Outlook**: Anticipates revenue growth exceeding end markets (9-12% target) through new program ramps in aerospace, defense, and semi cap share gains.

**【CFO Financial Commentary】**
- **Profitability**: Non-GAAP EPS of $2.14 exceeded guidance, driven by tax benefits and 30% YoY growth in non-GAAP EPS. Operating margin expanded 40 bps to 5.8%.
- **Cash Flow & Capital Allocation**: Q4 free cash flow of $97 million, FY2025 total of $154 million. Reduced debt by $100 million and repurchased 161,000 shares ($21.5M).
- **Balance Sheet**: Ended in net cash position with $460M available on revolver. ROIC 14.6%, best in 4 years.

**【Q&A Highlights】**
- **Investment Confidence**: CFO projects FY2026 margins to meet/exceed 6% target despite $6.6M SGA and interest expense. Malaysia and Thailand sites driving productivity gains.
- **Market Verticals**:
  - **Defense**: Strong pipeline with 54M A&D wins, expecting mid-single Q1 growth.
  - **Healthcare**: Imaging/monitoring subsectors driving 1% Q4 growth, new AI-powered therapeutics win.
  - **Semi Cap**: Low-single FY2025 growth but targeting share gains in power/thermal (e.g., $274M Q4 wins).
- **AI & Sustainability**: 40% volunteer hour increase, $1.4M charity contributions. 8 sites achieved zero landfill waste, 10% Scope 1/2 emissions reduction.

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