Filing Flows › Plexus (PLXS) › Q2 FY25
Plexus (PLXS) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 2, 2025
Plexus (PLXS) reported revenue of $980M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and +0.4% from the quarter before. Operating margin was 5.0%, net earnings $39.1M (4.0% of revenue).
Plexus, Q2 FY25: revenue $980M (+1% year over year), operating margin 5.0%, net earnings $39.1M, operating cash flow $36.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $980M | +0.4% | +1% |
| Gross profit | $97.8M | -3% | +11% |
| Operating profit | $48.8M | +4% | +66% |
| Net earnings | $39.1M | +5% | +141% |
| Operating cash flow | $36.7M | -32% | -58% |
| Free cash flow | $16.5M | -39% | -75% |
What changed
Revenue was $980.2M in Q2 FY25, up 1% year over year and roughly flat from the previous quarter.
Gross margin was 10.0%, up 0.9 points from a year earlier. Operating profit was $48.8M, a 5.0% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 146% reached operating profit, above the 3% margin then. Operating expenses fell 16% while revenue rose 1%. Net earnings were $39.1M, up 141% year over year. The effective tax rate was 13.2%.
Operating cash flow was $36.7M (down 58% year over year), 94% of net earnings. Non-cash charges added back $19.5M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items used $29.7M. Capital expenditures of $20.2M left free cash flow of $16.5M.
Questions
What was Plexus' revenue in the second quarter fiscal 2025?
Plexus (PLXS) reported revenue of $980M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and +0.4% from the quarter before.
Was Plexus profitable in the second quarter fiscal 2025?
Operating profit was $48.8M (5.0% of revenue) and net earnings $39.1M.
Source: Plexus 10-Q on SEC EDGAR.