Filing Flows › Plexus (PLXS) › Q4 FY25
Plexus (PLXS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 14, 2025
Plexus (PLXS) reported revenue of $1.1B for the fourth quarter fiscal 2025 (Q4 FY25), +0.7% from a year earlier and +4% from the quarter before. Operating margin was 5.0%, net earnings $51.4M (4.9% of revenue).
Plexus, Q4 FY25: revenue $1.1B (+0.7% year over year), operating margin 5.0%, net earnings $51.4M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +4% | +0.7% |
| Gross profit | $105M | +1% | -3% |
| Operating profit | $53.1M | -0.9% | -1% |
| Net earnings | $51.4M | +14% | +25% |
| Operating cash flow | $132M | +391% | -40% |
| Free cash flow | $97.2M | +638% | -50% |
What changed
Revenue was $1.1B in Q4 FY25, up 1% year over year and up 4% from the previous quarter.
Gross margin was 9.9%, down 0.4 points from a year earlier. Operating profit was $0.05B, a 5.0% margin (down 0.1 points year over year). Operating profit fell $746K even though revenue rose $0.01B versus a year earlier, so costs grew faster than sales. Operating expenses fell 4% while revenue rose 1%. Net earnings were $0.05B, up 25% year over year. The effective tax rate was -3.6%.
Operating cash flow was $0.13B (down 40% year over year), 257% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.03B left free cash flow of $0.10B.
Questions
What was Plexus' revenue in the fourth quarter fiscal 2025?
Plexus (PLXS) reported revenue of $1.1B for the fourth quarter fiscal 2025 (Q4 FY25), +0.7% from a year earlier and +4% from the quarter before.
Was Plexus profitable in the fourth quarter fiscal 2025?
Operating profit was $53.1M (5.0% of revenue) and net earnings $51.4M.
Source: Plexus 10-K on SEC EDGAR.