Filing Flows › Plexus (PLXS) › Q1 FY26
Plexus (PLXS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 5, 2026
Plexus (PLXS) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and +1% from the quarter before. Operating margin was 5.1%, net earnings $41.2M (3.8% of revenue).
Plexus, Q1 FY26: revenue $1.1B (+10% year over year), operating margin 5.1%, net earnings $41.2M, operating cash flow −$15.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +1% | +10% |
| Gross profit | $106M | +1% | +5% |
| Operating profit | $54.5M | +3% | +16% |
| Net earnings | $41.2M | -20% | +11% |
| Operating cash flow | −$15.4M | -112% | — |
What changed
Revenue was $1.1B in Q1 FY26, up 10% year over year and up 1% from the previous quarter.
Gross margin was 9.9%, down 0.4 points from a year earlier. Operating profit was $0.05B, a 5.1% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 5% margin then. Operating expenses fell 4% while revenue rose 10%. Net earnings were $0.04B, up 11% year over year. The effective tax rate was 19.3%.
Operating cash flow was −$0.02B. Non-cash charges added back $0.02B of depreciation and $0.01B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Plexus' revenue in the first quarter fiscal 2026?
Plexus (PLXS) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and +1% from the quarter before.
Was Plexus profitable in the first quarter fiscal 2026?
Operating profit was $54.5M (5.1% of revenue) and net earnings $41.2M.
Source: Plexus 10-Q on SEC EDGAR.