Plexus Reports 10% Revenue Growth and Record Aerospace Wins in Q1 2026
Plexus Corp reported a 10% revenue growth in Q1 fiscal 2026, reaching $1.07 billion, with the aerospace and defense segment achieving record wins of $220 million. Despite slightly lower-than-expected revenue of $183 million in that segment, the company secured $283 million in new program wins and anticipates Q2 revenue between $1.11 and $1.15 billion. The healthcare segment also saw growth, generating $466 million, up from $374 million last year, while the company remains committed to sustainability initiatives.
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Plexus Corp (NASDAQ:PLXS) reported Q1 fiscal 2026 revenue of $1.07 billion, a 10% year-over-year increase. The aerospace and defense segment achieved record wins of $220 million, although revenue was slightly below expectations at $183 million.
The company secured $283 million in new program wins during the quarter and maintained a non-GAAP operating margin of 5.8%. The healthcare segment generated $466 million in revenue, up from $374 million last year.
Despite a decline in free cash flow to negative $50.6 million and an increase in cash cycle days, Plexus provided optimistic Q2 guidance, projecting revenue of $1.11 to $1.15 billion and non-GAAP earnings per share of $1.80 to $1.95. The company also highlighted its commitment to sustainability and was recognized as one of HR Asia's
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