Plexus Q2 revenue up 19% to $1.16B; negative free cash flow of $(34.6)M on inventory build

Filed May 7, 2026 · Period ending April 4, 2026 · ~1 min read

Key Changes

• high

  Q2 FY2026 revenue $1.16B (+18.7% YoY), operating margin 5.3%, net income $49.8M (+27.4%). All three market sectors posted double-digit growth: Aerospace/Defense +23%, Healthcare/Life Sciences +15%, Industrial +21%.

  MD&A: Financial Results verify on EDGAR →
• high

  Free cash flow negative $(34.6)M vs. positive $43.6M prior year, driven by $170.7M inventory build to support ramping programs and $56.4M receivables increase tied to higher sales.

  MD&A: Cash Flow verify on EDGAR →
• high

  Americas segment revenue surged 34.5% to $396.9M on new-product ramps for existing customers ($87.2M) and new-customer wins ($28.9M). Operating income rose $11.8M despite negative customer mix.

  MD&A: Segment Performance verify on EDGAR →