PLXS Plexus (PLXS) Q2 FY26 earnings call
Plexus delivered strong Q2 FY26 results, driven by record program wins and broad-based market sector strength, leading to an increased full-year revenue growth forecast. The company is expanding investments in operational efficiency and technology while maintaining financial discipline, positioning for sustained momentum beyond FY26 despite some supply chain tightening and increased working capital needs in the near term. The call also marked the retirement of the long-serving CFO, Pat Jermain, and the appointment of David Abuhl as his successor.
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PLXS operating KPIs by quarter
| KPI | This call Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Manufacturing program wins | $355MOur team generated a record $355 million in new manufacturing program wins with broad-based contributions across our market sectors.Source: earnings call transcript | $255MFor the third quarter, we secured 31 new manufacturing programs with $255 million in annualized revenue when fully ramped into production.Source: earnings call transcript | -28.2% |
| New manufacturing programs | 30For the fiscal second quarter, we secured 30 new manufacturing programs with a record $355 million in annualized revenue when fully ramped into production.Source: earnings call transcript | 31For the third quarter, we secured 31 new manufacturing programs with $255 million in annualized revenue when fully ramped into production.Source: earnings call transcript | +3.3% |
| Manufacturing program wins Aerospace and Defense | $44MOur fiscal second quarter wins for the aerospace and defense sector were $44 million.Source: earnings call transcript | $135MThis result included an exciting new partnership in our industrial market sector supporting battery energy storage systems for data centers as well as another robust contribution from our aerospace and defense market sector of $135 million.Source: earnings call transcript | +206.8% |
| Funnel of qualified manufacturing opportunities | $4BAs evidence, our funnel of qualified manufacturing opportunities expanded 11% sequentially in the fiscal second quarter and is now $4 billion.Source: earnings call transcript | $4.5BFinally, our funnel of qualified manufacturing opportunities expanded to a record $4.5 billion in support of sustaining robust long-term revenue growth.Source: earnings call transcript | +12.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.