Plexus Q3 Revenue Hits Record $1.3B, Beats Estimates; Guides Q4 Above Consensus
PLXS has more than doubled off its 52-week low of $124.49 on elevated volume (2.6× avg).
Summary
Plexus reported record fiscal Q3 revenue of $1.305 billion, beating the $1.23 billion consensus by 6%. Non-GAAP EPS of $2.32 also exceeded guidance. The beat was driven by strengthening end-market demand and successful new program launches, with quarterly manufacturing wins of $255 million in annualized revenue, heavily weighted toward Aerospace/Defense and Industrial. Q4 guidance calls for revenue of $1.33-$1.38 billion and non-GAAP EPS of $2.47-$2.63, both above prior expectations. The company also repurchased $20.6 million in shares and expects full-year revenue growth above 20%. This follows a strong Q2 and a recent $500 million credit facility expansion, signaling robust operational momentum and financial flexibility.
At the time of this announcement, PLXS was trading at $249.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $124.49 to $307.06. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.