---
schema_version: "secwatch.filing_event.v1"
accession: "0000785786-24-000010"
form_type: "8-K"
ticker: "PLXS"
cik: "0000785786"
company_name: "PLEXUS CORP"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:37:31.260602+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Plexus Q1 revenue $983M misses initial guidance; Q2 outlook weak with restructuring charges

## Summary
- Fiscal Q1 revenue $983M, GAAP diluted EPS $1.04 including $0.19 stock compensation.
- Initial Q1 guidance was $990M-$1.03B revenue and $1.15-$1.33 EPS.
- Q2 guidance: revenue $930M-$970M, GAAP diluted EPS $0.48-$0.63, including $0.32 restructuring charges.
- Q2 GAAP diluted EPS midpoint $0.56, down sharply from Q1's $1.04; company cites restructuring.
- Adjusted operating margin Q2 guidance 4.0%-4.4% vs Q1 GAAP operating margin 4.6%.

## SEC filing metadata
- accession: 0000785786-24-000010
- form_type: 8-K
- ticker: PLXS
- cik: 0000785786
- company_name: PLEXUS CORP
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/785786/000078578624000010/0000785786-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/785786/000078578624000010/plxs-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000785786-24-000010
- JSON: https://secwatch.observer/filing/0000785786-24-000010.json
- Plain text: https://secwatch.observer/filing/0000785786-24-000010.txt

## Key facts
- Earnings Releases
  PLEXUS CORP updated its fiscal second quarter ending March 30, 2024 guidance (initiated).
  - Period: fiscal second quarter ending March 30, 2024
  - Guidance: initiated
  - Result: guidance update
  source text: Initiates fiscal second quarter 2024 revenue guidance of $930 million to $970 million with GAAP diluted EPS of $0.48 to $0.63, including $0.25 stock-based compensation expense and approximately $0.32 of restructuring charges
  evidence_url: https://www.sec.gov/Archives/edgar/data/785786/000078578624000010/0000785786-24-000010-index.htm
- Earnings Releases
  PLEXUS CORP reported fiscal first quarter ended December 30, 2023 results: revenue $983 million, EPS $1.04.
  - Period: fiscal first quarter ended December 30, 2023
  - Revenue: $983 million
  - EPS: $1.04
  - Result: reported results
  source text: results for our fiscal first quarter ended December 30, 2023, and guidance for our fiscal second quarter ending March 30, 2024. • Reports fiscal first quarter 2024 revenue of $983 million, GAAP operating margin of 4.6% and GAAP diluted EPS of $1.04, including $0.19 of stock-based compensation expense • Initiates fiscal second quarter 2024 revenue guidance of $930
  evidence_url: https://www.sec.gov/Archives/edgar/data/785786/000078578624000010/0000785786-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.