Description

Plexus’ $1.2 Billion Manufacturing Wins — Could 2027 Growth Surprise Investors?

Plexus Corporation reported fiscal 2026 results that demonstrated substantial year-over-year revenue growth, operational efficiency improvements, and robust free cash flow generation. The company achieved a record fourth-quarter revenue of $1.43 billion, contributing to an annual revenue increase of 23% to approximately $5 billion. This growth was driven by strong performance across its aerospace and defense, healthcare/life sciences, and industrial market sectors, with significant wins totaling nearly $1.2 billion in annualized revenue. The funnel of qualified manufacturing opportunities expanded by 33% year over year, reaching $4.9 billion, which supports the company’s forecasted mid-to-upper teens revenue growth for fiscal 2027. Operating margins improved alongside revenue growth, with the fourth-quarter non-GAAP operating margin rising to 6.7%, above guidance, and the full-year margin reaching 6.2%, marking a 30-basis-point increase from the previous year. Plexus is setting a new operating margin target of 6.5% to 7.