NASDAQ$PLXS
Plexus Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported fiscal second quarter revenue of $1.07 billion and GAAP diluted EPS of $1.45.
Plexus delivered fiscal second quarter revenue of $1.07 billion, representing 21% year over year growth, GAAP operating margin of 5.3% and GAAP EPS of $1.45. The company won 31 new manufacturing programs worth $275 million.
- Delivered fiscal second quarter revenue of $1.07 billion, representing 21% year over year growth.
- GAAP operating margin of 5.3% and GAAP EPS of $1.45.
- Won 31 new manufacturing programs worth $275 million in the fiscal second quarter.
- Generated $80 million in free cash flow during the fiscal second quarter.
Headline financials
Revenue & EPS history
Plexus · Revenue · Quarterly
$1.1B
Revenue by segment
Plexus · $995M total across 2 segments · Q2 2023
- Asia-Pacific$587M+9.9%59.0%
- Americas$408M+31.2%41.0%
Forward guidance
The company is guiding fiscal third quarter revenue of $1.00 billion to $1.05 billion, non-GAAP operating margin of 4.5% to 5.0% and non-GAAP EPS of $1.05 to $1.23.
Tailwinds
- Revenue guidance of $1.00 billion to $1.05 billion.
- Non-GAAP operating margin of 4.5% to 5.0%.
- Non-GAAP EPS of $1.05 to $1.23.
- Robust pipeline of future growth opportunities.
- Target of $5 billion in revenue with 5.5% GAAP operating margin by fiscal 2025.
Headwinds
- Impacted by strong late second quarter shipments.
- Supply chain challenges.
- Semiconductor capital equipment market weakness.
- Includes restructuring and other charges of approximately $0.29.
- Planned actions to realign spending to create a more efficient and scalable platform.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.1%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+2.5%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+13.2%
Q1 2016
Best reaction
-18.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +2.7% | +5.8% | +7.1% | |
| Q1 2026 | +9.3% | +12.7% | +7.3% | |
| Q4 2025 | +2.8% | -1.7% | -5.2% | |
| Q2 2025 | -1.4% | -1.1% | +1.9% | |
| Q1 2025 | -10.1% | -15.2% | -19.4% | |
| Q4 2024 | +7.5% | +6.3% | +20.2% | |
| Q3 2024 | +9.0% | +6.3% | +7.7% | |
| Q2 2024 | +2.6% | +5.9% | +17.3% | |
| Q1 2024 | -5.1% | -6.7% | -4.2% | |
| Q4 2023 | +5.9% | +9.4% | +17.8% | |
| Q3 2023 | -3.9% | -3.9% | -2.9% | |
| Q2 2023 | -0.5% | +0.0% | +5.4% | |
| Q1 2023 | -18.1% | -19.6% | -16.1% | |
| Q4 2022 | -1.2% | +1.4% | +11.7% | |
| Q3 2022 | +6.5% | +9.6% | +9.9% | |
| Q2 2022 | +6.2% | +6.5% | +9.2% | |
| Q1 2022 | -6.0% | -2.3% | +2.8% | |
| Q4 2021 | -8.0% | -5.8% | -9.8% | |
| Q3 2021 | -0.3% | +1.4% | +2.8% | |
| Q2 2021 | -1.0% | +4.0% | +8.9% | |
| Q1 2021 | -3.7% | -3.2% | +0.6% | |
| Q4 2020 | -3.3% | -1.2% | +8.7% | |
| Q3 2020 | +2.8% | -1.6% | +3.4% | |
| Q2 2020 | +7.0% | +9.9% | +14.7% | |
| Q1 2020 | +2.6% | -3.2% | -7.6% | |
| Q4 2019 | +9.1% | +13.0% | +15.4% | |
| Q3 2019 | -9.1% | -8.4% | -7.1% | |
| Q2 2019 | -7.8% | -8.8% | -17.5% | |
| Q1 2019 | -2.1% | +1.6% | +9.3% | |
| Q4 2018 | +4.1% | +3.1% | +4.8% | |
| Q3 2018 | -0.5% | -1.5% | -1.7% | |
| Q2 2018 | -11.6% | -11.4% | -6.3% | |
| Q1 2018 | -5.7% | -6.0% | -7.2% | |
| Q4 2017 | +5.8% | +4.9% | +8.4% | |
| Q3 2017 | +3.5% | +3.2% | -6.2% | |
| Q2 2017 | -6.8% | -7.7% | -13.0% | |
| Q1 2017 | +0.4% | -0.0% | +8.1% | |
| Q4 2016 | +1.3% | +2.3% | +14.7% | |
| Q3 2016 | -2.2% | -0.4% | +2.1% | |
| Q2 2016 | +7.6% | — | — | |
| Q1 2016 | +13.2% | — | — | |
| Q4 2015 | -12.4% | — | — | |
| Q3 2015 | -6.2% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | +5.2% | — | — | |
| Q3 2014 | -3.7% | — | — | |
| Q2 2014 | +9.2% | — | — | |
| Q1 2014 | -3.3% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | -1.7% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +6.0% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +4.9% | — | — | |
| Q2 2012 | -2.2% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q3 2009 | +0.3% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -13.6% | — | — | |
| Q2 2011 | +1.4% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q1 2011 | +2.7% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q4 2008 | -1.6% | — | — | |
| Q4 2010 | -1.6% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q3 2010 | +0.2% | — | — |
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