Plexus Q4 results beat estimates on strong end-market demand

Overview

• US electronics manufacturer reported Q4 revenue rose and beat analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company completed 2026 buyback and approved new $100 mln repurchase program for 2027

Outlook

• Plexus sees Q1 2027 revenue of $1.41 bln to $1.46 bln

• Company expects Q1 2027 GAAP diluted EPS of $2.16 to $2.32

• Plexus expects fiscal 2027 revenue growth in the mid- to upper-teens percent range

Result Drivers

• END-MARKET DEMAND - Co said stronger end-market demand and new program ramps drove Q4 results

• NEW PROGRAM WINS - Co said quarterly manufacturing wins totaled $290 mln in annualized revenue

• OPERATIONAL EFFICIENCY - Co attributed margin improvement to ongoing operational efficiency investments and continuous improvement

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Plexus Corp is $309.00, about 34.2% above its October 27 closing price of $230.29

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 33 three months ago

Reuters Recommended Reads

• Oct 26 - Canada's Celestica Q3 revenue jumps 83% on higher customer demand, operating leverage; raises 2026 outlook

• Oct 28 - Flex Q2 sales beat on acquisition boost

• Oct 28 - Amphenol Q3 sales beat estimates on IT datacom growth, acquisitions

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)