Every material Form 8-K Plexus has filed with the SEC since October 25, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Plexus reported fiscal fourth-quarter 2026 revenue of $1.427 billion and GAAP diluted EPS of $2.51, up from $1.058 billion and $1.87 a year earlier. For fiscal 2026, revenue was $4.965 billion and GAAP diluted EPS was $7.41, compared with $4.033 billion and $6.26 in fiscal 2025. Guidance for fiscal first quarter 2027 calls for revenue of $1.410 billion to $1.460 billion and GAAP diluted EPS of $2.16 to $2.32.
Q4 fiscal 2026 revenue of $1.427 billion vs. $1.058 billion in Q4 fiscal 2025; GAAP diluted EPS $2.51 vs. $1.87
Fiscal 2026 revenue of $4.965 billion vs. $4.033 billion; GAAP diluted EPS $7.41 vs. $6.26
Q1 fiscal 2027 guidance: revenue $1.410 billion to $1.460 billion; GAAP diluted EPS $2.16 to $2.32
Board approved a $100 million 2027 share repurchase program in August 2026, available to begin fiscal 2027
Plexus reported record fiscal third-quarter revenue of $1.305 billion, up 28% from a year earlier, and non-GAAP diluted EPS of $2.32 versus $1.90 a year ago. GAAP diluted EPS was $1.58, down from $1.64, after $12.9 million of accelerated stock-based compensation tied to executive retirement agreements. The company guided fourth-quarter revenue to $1.330 billion to $1.380 billion and now expects a usage of free cash flow for fiscal 2026 as it invests in working capital.
Q3 revenue of $1.305 billion, up 28% year over year and 12% sequentially, above the $1.200 to $1.250 billion guidance range
GAAP diluted EPS of $1.58 versus $1.64 a year earlier; non-GAAP diluted EPS of $2.32 versus $1.90
Fiscal Q4 guidance: revenue of $1.330 to $1.380 billion and GAAP diluted EPS of $2.18 to $2.34
Expects a usage of free cash flow for fiscal 2026; $21.4 million remains under the $100.0 million share repurchase authorization
Plexus Corp. entered a Second Amended and Restated Credit Agreement on June 5, 2026, replacing its 2022 credit agreement in its entirety with JPMorgan Chase Bank, N.A. as administrative agent. The revolving facility has a $500 million maximum commitment, which the company can increase by $250 million to $750 million, and matures June 5, 2031. The filing describes the new facility as a routine refinancing of the existing credit line, with no new borrowing amount stated.
Revolving credit facility: maximum commitment of $500 million, expandable by $250 million to $750 million at the company's election, subject to conditions
Maturity date: June 5, 2031, replacing the Amended and Restated Credit Agreement dated June 9, 2022
Financial covenants: interest coverage ratio of at least 3.00 to 1.00 and leverage ratio no greater than 3.50 to 1.00, with a temporary increase to 4.25 to 1.00 permitted for certain material acquisitions
Plexus reported fiscal second-quarter 2026 revenue of $1.164 billion, up 19% from a year earlier, with GAAP diluted EPS of $1.82 versus $1.41, both above its own guidance ranges. The company also guided fiscal third-quarter revenue to $1.200 billion to $1.250 billion, and said CFO Patrick Jermain will retire after July 31, 2026, with David Abuhl taking over as CFO on May 11, 2026.
Q2 fiscal 2026 revenue was $1,163.8 million, up from $980.2 million a year earlier; GAAP diluted EPS was $1.82 versus $1.41 and above the $1.53 to $1.68 guidance range
Fiscal Q3 2026 guidance: revenue of $1.200 billion to $1.250 billion and GAAP diluted EPS of $1.25 to $1.41
David Abuhl, formerly CFO of Enterprise Supply Chain at Kimberly-Clark, becomes SVP and CFO on May 11, 2026
Patrick Jermain's pay ends at retirement on July 31, 2026; his unvested RSUs and PSUs continue to vest under the retirement agreement
Plexus reported fiscal first quarter 2026 revenue of $1.070 billion, up 10% from a year earlier, with GAAP diluted EPS of $1.51 versus $1.34 a year earlier. The company guided fiscal second quarter revenue to $1.110 billion to $1.150 billion and GAAP diluted EPS to $1.53 to $1.68, and said it now sees potential to meet or exceed the high end of its 9% to 12% revenue growth goal. Free cash flow was negative $50.6 million in the quarter, though the company reconfirmed its fiscal 2026 free cash flow expectation of approximately $100 million.
Q1 fiscal 2026 revenue was $1.070 billion, up 10% year over year and 1% sequentially; GAAP diluted EPS was $1.51 and non-GAAP diluted EPS was $1.78.
Q2 fiscal 2026 guidance: revenue of $1.110 billion to $1.150 billion, GAAP diluted EPS of $1.53 to $1.68, and non-GAAP EPS of $1.80 to $1.95.
Won 22 manufacturing programs representing $283 million in annualized revenue when fully ramped.
Free cash flow was negative $50.6 million for the quarter; the company bought back $22.4 million of shares and has $62.6 million left under its $100.0 million authorization.
Plexus reported fiscal fourth-quarter 2025 revenue of $1.058 billion, up from $1.051 billion a year earlier, and GAAP diluted EPS of $1.87, up from $1.48. Full-year fiscal 2025 revenue was $4.033 billion and GAAP diluted EPS was $6.26, compared with $3.961 billion and $4.01 in fiscal 2024. The company also guided fiscal first-quarter 2026 revenue to $1.050 billion to $1.090 billion, which points to continued growth for shareholders.
Q4 non-GAAP diluted EPS of $2.14 exceeded the company's guidance range of $1.82 to $1.97; Q4 GAAP operating margin was 5.0% vs 5.1% a year earlier
Fiscal 2025 free cash flow was $154 million, and the company purchased $65.0 million of its shares
Fiscal Q1 2026 guidance: revenue of $1.050 billion to $1.090 billion and GAAP diluted EPS of $1.40 to $1.55
Plexus reported fiscal third-quarter 2025 revenue of $1.018 billion and GAAP diluted EPS of $1.64, up from $961 million and $0.91 a year earlier. The company also guided fiscal fourth-quarter revenue to $1.025 billion to $1.065 billion and GAAP diluted EPS to $1.57 to $1.72, which matters to shareholders because it sets the near-term outlook for both sales and profit.
Fiscal Q3 revenue of $1.018 billion, versus $961 million in the year-earlier quarter and $980 million in the prior quarter
GAAP diluted EPS of $1.64 versus $0.91 a year earlier; non-GAAP diluted EPS of $1.90
Fiscal Q4 2025 guidance (quarter ending September 27, 2025): revenue of $1.025 billion to $1.065 billion, GAAP diluted EPS of $1.57 to $1.72
Board approved a new $100.0 million share repurchase program; the company bought $18.4 million of its shares during the quarter
Plexus reported fiscal second-quarter results for the quarter ended March 29, 2025, with revenue of $980 million, up from $966.9 million a year earlier, and GAAP diluted EPS of $1.41, up from $0.58. It also guided fiscal third-quarter revenue to $1.00 billion to $1.04 billion and GAAP diluted EPS to $1.40 to $1.55. The prior-year quarter included $11.0 million of restructuring and other charges, none of which were recorded this quarter.
Q2 revenue $980 million vs. $966.9 million a year earlier; GAAP diluted EPS $1.41 vs. $0.58
Non-GAAP diluted EPS $1.66, excluding $0.25 of stock-based compensation
Q3 guidance: revenue $1.00 billion to $1.04 billion; GAAP diluted EPS $1.40 to $1.55
Repurchased $12.2 million of shares in Q2; $25.0 million remains under the $50.0 million authorization
Plexus reported fiscal first quarter 2025 revenue of $976 million, slightly below $983 million a year earlier, while GAAP diluted EPS rose to $1.34 from $1.04. It also guided fiscal second quarter revenue to $960 million to $1.00 billion and GAAP diluted EPS to $1.22 to $1.37.
Q1 revenue $976.1 million vs $982.6 million in the year-earlier quarter and $1,050.6 million in the prior quarter
GAAP diluted EPS $1.34 vs $1.04 a year earlier; non-GAAP diluted EPS $1.73
Q2 fiscal 2025 guidance: revenue $960 million to $1.00 billion; GAAP diluted EPS $1.22 to $1.37
Free cash flow of $27.1 million; repurchased $12.8 million of shares during the quarter
Plexus reported fiscal fourth-quarter 2024 revenue of $1.05 billion and GAAP diluted EPS of $1.48, up from $1.44 a year earlier, with record quarterly free cash flow of $194 million. For the full fiscal year, revenue fell to $3.96 billion from $4.21 billion and GAAP diluted EPS fell to $4.01 from $4.95, and first-quarter fiscal 2025 revenue guidance of $960 million to $1.00 billion sits below the fourth-quarter result.
Q4 fiscal 2024 revenue was $1.05 billion and GAAP diluted EPS was $1.48, compared with $1,023.9 million and $1.44 in the year-earlier quarter.
Fiscal 2024 revenue was $3.96 billion versus $4.21 billion, and GAAP diluted EPS was $4.01 versus $4.95.
Fiscal first-quarter 2025 guidance calls for revenue of $960 million to $1.00 billion and GAAP diluted EPS of $1.25 to $1.40.
Fiscal 2024 free cash flow was a record $341 million, and the 2025 share repurchase program authorizes an additional $50.0 million.
Plexus reported fiscal third-quarter 2024 revenue of $961 million, down from $1.02 billion a year earlier, while GAAP diluted EPS rose to $0.91 from $0.56. The company guided fiscal fourth-quarter revenue to $990 million to $1.03 billion and GAAP diluted EPS to $1.14 to $1.29, and said it expects free cash flow of more than $150 million for fiscal 2024.
Q3 revenue was $961 million, versus $1.02 billion in the year-earlier quarter and $967 million in the prior quarter.
Q3 GAAP diluted EPS was $0.91, versus $0.56 a year earlier; non-GAAP diluted EPS was $1.45, versus $1.46.
Q4 guidance: revenue of $990 million to $1.03 billion and GAAP diluted EPS of $1.14 to $1.29.
Free cash flow was $114 million in Q3, and the company repurchased $18.6 million of shares with $19.5 million left on its $50.0 million authorization.
Plexus said its President and Chief Strategy Officer, Steven J. Frisch, will retire at midnight on September 28, 2024, the end of fiscal 2024. The board named CEO Todd P. Kelsey to the additional office of President effective June 4, 2024, and Frisch's retirement agreement sets the terms of his departure, including continued vesting of certain equity awards.
Steven J. Frisch informed the company on May 31, 2024 of his intent to retire; his retirement date is midnight on September 28, 2024.
Todd P. Kelsey, Chief Executive Officer, was elected President effective June 4, 2024.
Frisch's base salary and annual incentive plan participation end on the retirement date; he will receive a fiscal 2024 incentive payout based on actual attainment.
Frisch may continue to vest in outstanding restricted and performance stock units under the existing schedules, subject to the agreement's restrictive covenants.
Plexus reported fiscal second quarter 2024 revenue of $967 million and GAAP diluted EPS of $0.58, down from $1.071 billion and $1.45 in the year-earlier quarter, and the GAAP results include $0.36 per share of restructuring and other charges. The company guided fiscal third quarter revenue to $960 million to $1.00 billion and GAAP diluted EPS to $0.80 to $0.95, and reported free cash flow of $65 million and $17.6 million of share repurchases.
Q2 revenue $967 million vs $1.071 billion in the quarter ended April 1, 2023, and $983 million in the prior quarter
GAAP diluted EPS $0.58 vs $1.45 a year earlier; non-GAAP diluted EPS $0.94 excludes restructuring charges
Q3 guidance: revenue $960 million to $1.00 billion; GAAP diluted EPS $0.80 to $0.95
Free cash flow of $65 million; $17.6 million of shares repurchased, leaving $38.1 million under the $50.0 million authorization
At its February 14, 2024 annual meeting, Plexus shareholders approved a new 2024 Omnibus Incentive Plan, which replaces the 2016 plan, and elected all 10 nominated directors. The board also amended the bylaws, including a director retirement age of 75 and advance notice rules for shareholders proposing director nominees, which must be submitted by October 31, 2024.
Shareholders approved the 2024 Omnibus Incentive Plan, with 23,408,724 votes for and 1,686,682 against.
The 2024 plan replaces the 2016 Omnibus Incentive Plan, which has been terminated; no new awards will be granted under it.
Board amended bylaws to set director retirement age at 75 and align advance notice provisions with universal proxy rules.
Shareholders who intend to solicit proxies for non-company director nominees must notify the Secretary by October 31, 2024.
Plexus reported fiscal first quarter 2024 revenue of $983 million and GAAP diluted EPS of $1.04, down from $1.09 billion and $1.49 a year earlier. Its fiscal second quarter guidance of $930 million to $970 million in revenue and $0.48 to $0.63 in GAAP diluted EPS is lower than the October 2023 guidance, and the company expects restructuring charges that weigh on those results, so shareholders face weaker near-term earnings.
Q1 fiscal 2024 revenue of $983 million vs. $1,094 million a year earlier; GAAP diluted EPS of $1.04 vs. $1.49
Q2 guidance: revenue of $930 million to $970 million and GAAP diluted EPS of $0.48 to $0.63, vs. October 25, 2023 guidance of $990 million to $1.03 billion and EPS of $1.15 to $1.33
Restructuring charges of approximately $10 million ($0.32 per share) expected in Q2, with about $20 million of annualized cost savings targeted by fiscal Q3
Board approved a new $50.0 million share repurchase program, which starts after the current authorization with $5.7 million remaining is completed
Plexus reported fiscal fourth-quarter 2023 revenue of $1.02 billion, down from $1.12 billion a year earlier, and GAAP diluted EPS of $1.44, down from $1.78. For fiscal 2023, revenue rose to $4.21 billion from $3.81 billion and GAAP diluted EPS was $4.95 versus $4.86, after $0.75 of restructuring and other charges. The company guided fiscal first-quarter 2024 revenue to $990 million to $1.03 billion and GAAP diluted EPS to $1.15 to $1.33.
Q4 fiscal 2023 revenue $1.02 billion vs. $1.12 billion in Q4 fiscal 2022; GAAP diluted EPS $1.44 vs. $1.78
Fiscal 2023 revenue $4.21 billion vs. $3.81 billion; GAAP diluted EPS $4.95 vs. $4.86, including $0.75 of restructuring and other charges
Q1 fiscal 2024 guidance: revenue $990 million to $1.03 billion; GAAP diluted EPS $1.15 to $1.33
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