Slide 1: Fiscal Third Quarter 2025 Highlights
PLEXUS CONFIDENTIAL FISCAL THIRD QUARTER 2025 HIGHLIGHTS July 23, 2025
Slide 2: Safe Harbor and Fair Disclosure Statement
PLEXUS CONFIDENTIAL SAFE HARBOR AND FAIR DISCLOSURE STATEMENT Some of the statements made and information provided during our call as well as information included in the supporting materials will be forward looking statements, including, without limitation, those regarding revenue, gross margin, sel
Slide 3: Fiscal Third Quarter Themes
PLEXUS CONFIDENTIAL FISCAL THIRD QUARTER THEMES Share gains, new Delivered 6% Continued robust free program ramps and non-GAAP operating cash flow resulting in exciting growth margin, meeting our increasing cash technologies support stated goal. Forecast returned to growth outpacing our continued st
Slide 4: Financial Results
PLEXUS CONFIDENTIAL FINANCIAL RESULTS * ** ● Revenue growth in all market sectors ● Non-GAAP operating margin near the high end of guidance. At or above 6% for three of last four quarters. ● Non-GAAP EPS of $1.90 exceeded guidance ● Better than anticipated free cash flow Excludes approximately 70 b
Slide 5: Wins and Funnel Highlights
PLEXUS CONFIDENTIAL WINS AND FUNNEL HIGHLIGHTS ● Continued share gains through sustained focus on zero defects and perfect delivery ● Added new customers with products aligned to growth technologies across all market sectors ● Strong Engineering Solutions wins performance ● Expanded funnel is well b
Slide 6: Sustainability | Q3 Highlights
PLEXUS CONFIDENTIAL SUSTAINABILITY | Q3 Highlights ● Named one of Americaʼs Greatest Workplaces in Manufacturing 2025 by Newsweek ● Plexus Chicago recognized as a 2025 Best and Brightest Companies to Work For® at the national and regional levels ● Plexus global Earth Day community events included an
Slide 7: Fiscal 2025 Fourth Quarter Guidance
PLEXUS CONFIDENTIAL FISCAL 2025 FOURTH QUARTER GUIDANCE ● Q4F25 revenue of $1.025 billion to $1.065 billion ● Q4F25 non-GAAP EPS of $1.82 to $1.97 ● Guidance midpoint represents F25 non-GAAP EPS growth of 26% ● Forecast approximately $100M in F25 free cash flow Represents midpoint of guidance Non-G
Slide 8: Market Sector Performance - Aerospace/Defense
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE AEROSPACE/DEFENSE Q3F25 vs. Q2F25 + 6% Q4F25 Expectations Flat ● Q3F25 met expectations ● Q3F25 wins highlights: ● Q4F25 expected to be flat, with growth in the ○ New customer in support of satellite networks defense subsector ○ Broad-based wins in def
Slide 9: Market Sector Performance - Healthcare/Life Sciences
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE HEALTHCARE/LIFE SCIENCES Q3F25 vs. Q2F25 + 2% Q4F25 Expectations Up low single ● Q3F25 below expectations due to customer design ● Q3F25 wins highlights: update ○ Expanded relationship to support global launch ● Q4F25 benefiting from ongoing program ra
Slide 10: Market Sector Performance - Industrial
PLEXUS CONFIDENTIAL MARKET SECTOR PERFORMANCE INDUSTRIAL Q3F25 vs. Q2F25 + 4% Q4F25 Expectations Up low single ● Q3F25 met expectations as growth in broadband ● Q3F25 wins highlights: and energy offset semicap push-outs ○ Continued share gains in semicap ● Q4F25 benefiting from legacy broadband ○
Slide 11: Qualified Manufacturing Funnel Trends
PLEXUS CONFIDENTIAL QUALIFIED MANUFACTURING FUNNEL TRENDS Funnel Supports Continued Strength in Manufacturing Wins 11
Slide 12: Income Statement
PLEXUS CONFIDENTIAL INCOME STATEMENT Q3F24 Q2F25 Q3F25 Actual Q3F25 Guidance Revenue $961 million $980 million $1.02 billion $1.00 billion to $1.04 billion Gross margin 9.8% 10.0% 10.1% 9.9% to 10.2% Selling & administrative expense $46.0 million $49.0 million $49.7 million $50.0 to $51.0 million GA
Slide 13: Cash Flow and Balance Sheet
PLEXUS CONFIDENTIAL CASH FLOW AND BALANCE SHEET Q3F24 Q2F25 Q3F25 Free cash flow $114.2 million $16.5 million $13.2 million Share repurchases $18.6 million $12.2 million $18.4 million Cash balance $270 million $311 million $238 million Total debt $349 million $210 million $143 million Return on inve
Slide 14: Working Capital Trends
PLEXUS CONFIDENTIAL WORKING CAPITAL TRENDS Q3F24 Q4F24 Q1F25 Q2F25 Q3F25 Days in Accounts Receivable 61 54 56 57 59 Days in Contract Assets 11 10 12 12 13 Days in Inventory 151 127 134 132 128 Days in Accounts Payable 62 59 69 70 72 Days in Advanced Payments 78 68 65 63 59 14 Net Cash Cycle Days 83
Slide 15: Fiscal Fourth Quarter 2025 Guidance
PLEXUS CONFIDENTIAL FISCAL FOURTH QUARTER 2025 GUIDANCE Q4F24 Q3F25 Q4F25 Guidance Revenue $1.05 billion $1.02 billion $1.025 billion to $1.065 billion GAAP diluted EPS $1.48 $1.64 $1.57 to $1.72 Non-GAAP diluted EPS $1.85 $1.90 $1.82 to $1.97 Gross margin 10.3% 10.1% 9.8% to 10.1% Selling & adminis
Slide 16: Q&A Thank you.
PLEXUS CONFIDENTIAL Q&A Thank you. 16