Plexus Corp. announced strong financial results for its fiscal third quarter ended June 28, 2025, with revenue of $1.018 billion, which was in-line with guidance and represented sequential growth. The company achieved a non-GAAP operating margin of 6.0%, near the high end of its guidance.
Non-GAAP diluted earnings per share (EPS) for the quarter reached $1.90, exceeding guidance. Plexus generated $13.2 million in free cash flow, surpassing expectations, and remains on track to achieve approximately $100 million in free cash flow for fiscal 2025. The company's return on invested capital (ROIC) was 14.1%, exceeding its weighted average cost of capital by 520 basis points.
Plexus secured 41 manufacturing wins in the quarter, representing $250 million in annualized revenue, driven by share gains and new customers across diversified market sectors. For the fiscal fourth quarter, Plexus forecasts revenue of $1.025 billion to $1.065 billion, non-GAAP operating margin of 5.7% to 6.1%, and non-GAAP EPS of $1.82 to $1.97. The midpoint of this guidance implies a robust 26% non-GAAP EPS growth for fiscal 2025.
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