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Jun 28, 2025
Plexus Q3 2025 Earnings Report
Plexus reported strong financial results for its fiscal third quarter ended June 28, 2025, with revenue in line with guidance and non-GAAP EPS exceeding expectations.
Key Takeaways
Plexus delivered a strong fiscal third quarter, with revenue of $1.018 billion, non-GAAP operating margin of 6.0%, and non-GAAP EPS of $1.90, surpassing guidance. The company also generated better than anticipated free cash flow of $13.2 million and achieved a return on invested capital of 14.1%.
Fiscal third quarter revenue reached $1.018 billion, aligning with guidance.
Non-GAAP EPS of $1.90 exceeded guidance, demonstrating strong profitability.
Free cash flow was $13.2 million, surpassing expectations and contributing to the fiscal 2025 target.
Return on invested capital (ROIC) was 14.1%, exceeding the weighted average cost of capital by 520 basis points.
Forward Guidance
Plexus expects continued strong financial results for the fiscal fourth quarter, with anticipated sequential revenue growth and robust non-GAAP fiscal 2025 EPS growth.
Positive Outlook
- Anticipated sequential revenue growth in the fiscal fourth quarter.
- Guidance for fiscal fourth quarter revenue of $1.025 billion to $1.065 billion.
- Non-GAAP operating margin guidance of 5.7% to 6.1% for the fiscal fourth quarter.
- Non-GAAP EPS guidance of $1.82 to $1.97 for the fiscal fourth quarter.
- Midpoint of fiscal fourth quarter guidance suggests robust non-GAAP fiscal 2025 EPS growth of 26%.
Challenges Ahead
- Muted end market demand is expected to be a challenge.
- Evolving new program ramp timelines may impact performance.
- Uncertainties created by tariffs could affect results.
- No specific negative financial guidance provided beyond general market challenges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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