Filing Flows › Plexus (PLXS) › Q2 FY26
Plexus (PLXS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
Plexus (PLXS) reported revenue of $1.2B for the second quarter fiscal 2026 (Q2 FY26), +19% from a year earlier and +9% from the quarter before. Operating margin was 5.3%, net earnings $49.8M (4.3% of revenue).
Plexus, Q2 FY26: revenue $1.2B (+19% year over year), operating margin 5.3%, net earnings $49.8M, operating cash flow $28.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +9% | +19% |
| Gross profit | $119M | +12% | +22% |
| Operating profit | $61.8M | +14% | +27% |
| Net earnings | $49.8M | +21% | +27% |
| Operating cash flow | $28.5M | — | -22% |
| Free cash flow | $16.0M | — | -3% |
What changed
Revenue was $1.2B in Q2 FY26, up 19% year over year and up 9% from the previous quarter.
Gross margin was 10.2%, up 0.3 points from Q2 FY25. Operating profit was $0.06B, a 5.3% margin (up 0.3 points year over year). Of the extra revenue versus Q2 FY25, 7% reached operating profit, above the 5% margin then. Operating expenses grew 17% against revenue growth of 19%. Net earnings were $0.05B, up 27% year over year. The effective tax rate was 13.9%.
Operating cash flow was $0.03B (down 22% year over year), 57% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.01B left free cash flow of $0.02B.
Questions
What was Plexus' revenue in the second quarter fiscal 2026?
Plexus (PLXS) reported revenue of $1.2B for the second quarter fiscal 2026 (Q2 FY26), +19% from a year earlier and +9% from the quarter before.
Was Plexus profitable in the second quarter fiscal 2026?
Operating profit was $61.8M (5.3% of revenue) and net earnings $49.8M.
Source: Plexus 10-Q on SEC EDGAR.