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Mar 29, 2025
Plexus Q2 2025 Earnings Report
Plexus reported solid financial performance in Q2 2025, exceeding non-GAAP EPS guidance and delivering strong revenue and cash flow.
Key Takeaways
Plexus delivered $980 million in revenue for Q2 2025, with GAAP EPS of $1.41 and non-GAAP EPS of $1.66. Net income reached $39.1 million, and the company generated positive free cash flow while securing significant new program wins.
Revenue reached $980 million, in line with guidance.
Non-GAAP EPS of $1.66 exceeded guidance, driven by strong operational efficiency.
Free cash flow of $16.5 million supported $12.2 million in share repurchases.
42 new program wins contributed $205 million in annualized revenue.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Plexus projects revenue of $1.00 to $1.04 billion and non-GAAP EPS of $1.65 to $1.80 for Q3 2025.
Positive Outlook
- Revenue expected to increase to $1.00–1.04 billion
- Non-GAAP EPS guidance of $1.65 to $1.80
- Operating margin guidance of 5.7% to 6.1%
- Strong win momentum including largest healthcare services win
- Positive cash flow performance expected to continue
Challenges Ahead
- Ongoing tariff-related uncertainty
- Conservative outlook for the remainder of the year
- Pressure on inventory levels and cost structures
- Macroeconomic volatility impacting customer demand
- Dependency on key sectors and top 10 customers
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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