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PLEXUS CORP (PLXS) filed an 8-K current report with the SEC on April 29, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item EX-99.1 (Exhibit EX-99.2), Item 2.02 (Results of Operations and Financial Condition). Fiscal Q2 2026 results covered quarter ended April 4, 2026.
PLEXUS CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Fiscal Q2 2026 results covered quarter ended April 4, 2026
- Earnings details furnished in Exhibit 99.1, the company’s related press release
Item 5.02 · Departure/Election of Directors or Officers
- CFO Patrick Jermain retires July 31, 2026 after 15 years, with advisory transition support beginning May 11
- David Abuhl becomes CFO and principal financial officer May 11 under the Company’s succession plan
- Abuhl’s base salary is $550,000 with an 80% targeted annual VICP award
- Jermain’s unvested RSUs and PSUs continue vesting, subject to retirement-agreement covenants and performance outcomes
- Eighteen months of subsidized health benefits available after retirement through eligible COBRA coverage
Item EX-99.1 · Exhibit EX-99.2
- Record Q2 FY26 revenue $1.164B, up 19% year over year, with GAAP EPS $1.82 and adjusted EPS $2.05
- Adjusted operating margin 6.0%, reaching the high end of guidance; ROIC 13.8% exceeded 9.0% cost of capital
- Record manufacturing wins of $355M in annualized revenue, supporting future growth across aerospace, healthcare and industrial markets
- Q3 FY26 guidance implies revenue $1.200B–$1.250B and adjusted EPS $2.02–$2.18, with adjusted margin 5.9%–6.3%
- Working-capital investment increased, but cash-cycle days improved to 64; FY26 free-cash-flow outlook reset to $50M–$75M
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