Plexus Corp.

For a list of factors that could cause actual results to differ materially from those discussed, please refer to the company's periodic SEC filings, particularly the risk factors in our Form 10-K filing for the fiscal year ended September 27, 2025, and the Safe Harbor and Fair Disclosure Statement in our press release. We encourage participants on the call this morning to access the live webcast and supporting materials at Plexus's website at www.plexus.com, clicking on Investor Site at the top of that page. Joining me today are Todd Kelsey, President and Chief Executive Officer, Oliver Mim, Executive Vice President and Chief Operating Officer, and Pat Germain, Executive Vice President and Chief Financial Officer. With today's earnings call, Todd will provide summary comments before turning the call over to Oliver and Pat for further details. With that, let me now turn the call over to Todd Kelsey. Todd?

Thank you, Sean. Good morning, everyone. Please advance to slide three. Plexus has achieved significant momentum. Our consistent strategy and focus on delivering customer success continues to enable share gains and is facilitating our leadership in growth markets. We've seen strong year-over-year revenue growth to begin our fiscal 2026 as we ramp programs across all of our market sectors. In addition, we are now seeing pockets of stronger end market demand. Our ongoing market share gains are amplifying this revenue growth tailwind. As a result, Plexus now has the potential to meet or exceed the high end of our 9% to 12% revenue growth goal for fiscal 2026. In addition, we see significant opportunities to sustain our revenue growth momentum. Our funnel of qualified manufacturing opportunities remains diverse and robust. while our engineering solutions funnel of qualified opportunities is the third largest in Plexus's history. We continue to forecast strong operating performance for our fiscal 2026. We anticipate robust growth in operating profit and remain focused on achieving our goal of a 6% non-gap operating margin while continuing to invest in talent, technology, facilities, and advanced capabilities to support sustained future revenue growth and greater operational efficiency. Finally, although we are investing in support of substantially stronger than previously anticipated revenue growth, we continue to forecast approximately $100 million of free cash flow for the fiscal year, highlighting our ongoing efforts to drive working capital efficiency. We will continue to deploy all excess cash to create additional shareholder value. Please advance to slide four. Revenue of $1.07 billion met the midpoint of our guidance range as we delivered our fourth consecutive quarter of sequential growth, representing a robust 10% increase year over year. A significant expansion in our healthcare life sciences and aerospace and defense market sectors associated with multiple program ramps and stronger than anticipated demand from semi-cap and energy drove our performance. Non-GAAP EPS of $1.78 met the high end of our guidance range, reflecting very strong operating performance in light of significant near-term investments we are making in support of additional capacity, program ramps, and technology. Please advance to slide five. For the fiscal first quarter, we secured 22 new manufacturing programs worth $283 million in annualized revenue when fully ramped into production. Included in these wins was a record quarterly performance from our aerospace and defense market sector estimated at $220 million in annualized revenue. Our fantastic aerospace and defense wins performance underscores strong interest in Plexus's industry-leading solutions as evidenced by expanded relationships with numerous existing customers, significant expansion in our leadership and commercial space, and the addition of new and exciting partners deploying disruptive technologies. Finally, I would note we continue to see significant opportunities to drive market share gain and sustained revenue growth from our aerospace and defense market sector. Our funnel of qualified aerospace and defense manufacturing opportunities is up significantly year over year, while our total funnel of aerospace and defense engineering solutions opportunities sits at an all-time high. Please advance to slide six. At Plexus, we continue to demonstrate our commitment to innovating responsibly as we boldly drive positive change and promote a sustainable future for and through our people, our solutions, and our operations, all of which is built on a foundation of trust and transparency. Therefore, I'm pleased to share that our team in Penang, Malaysia was once again recognized as one of HR Asia's best companies to work for. This represents the fourth consecutive year receiving this recognition. Along with this honor, the team also accepted HR Asia's Sustainable Workplace Award for the second straight year and the Tech Empowerment Award for the first time. At Plexus, people are the heart of who we are and what we do, and I'm incredibly proud of what these awards represent for our team members and our vision of building a better world. Our commitment to delivering excellence includes reducing our environmental impact throughout our operations. At the end of our fiscal 2025, we partnered with TNB, a utility provider in Malaysia, and joined its green electricity tariff program. This partnership provides 100% renewably sourced electricity to our largest global campus in Penang, Malaysia. Through our fiscal first quarter of 2026, we have dramatically reduced our emissions, leveraging this partnership and the continued focus on emission reductions across all of our global locations. Finally, last quarter we communicated the results of our volunteer time off charitable giving program. Through this program, during the fiscal first quarter, we made financial donations to 24 global charities voted on by our team members. We extend appreciation to our incredible team members, partners, and local communities whose contributions have been vital to our ongoing success. Please advance to slide seven. For our fiscal second quarter, we are guiding revenue of $1.11 to $1.15 billion, representing 6% sequential and 15% year-over-year revenue growth at the midpoint. We are also guiding non-GAAP operating margin of 5.6% to 6.0% and non-GAAP EPS of $1.80 to $1.95. We are experiencing robust demand globally for our industry-leading solutions in support of numerous program ramps, inclusive of ongoing market share gains. In addition, we have seen recent strengthening in healthcare related to surgical and monitoring technologies, within SEMICAP, in industrial equipment, and across multiple subsectors of aerospace and defense market sector. We also anticipate delivering strong operating performance for the fiscal second quarter. We expect to leverage this robust revenue forecast and the benefits from our ongoing operational efficiency initiatives to offset sizable headwinds from typical seasonal cost increases, increased variable compensation expense, and growth and efficiency investments. Finally, for fiscal 2026, we now see the potential to meet or exceed the high end of our 9% to 12% revenue growth goal. This reflects the positive momentum anticipated for our fiscal second quarter and signs of stronger end market demand. We expect to leverage this improved revenue outlook and our ongoing investments in operational efficiency to drive significant operating profit expansion and robust free cash flow for fiscal 2026. In closing, Plexus is generating significant positive momentum. This is a result of our consistent strategy, which is enabling share gains and leadership in growth markets. and from our ongoing investments to further our industry-leading solutions and drive greater long-term operational efficiency. I'll now turn the call to Oliver for additional analysis of the performance of our market sectors.

Oliver. Thank you, Todd. Good morning. I will begin with the review of the fiscal first quarter performance of each of our market sectors. Our expectations for each sector for the fiscal second quarter and directional sector commentary for fiscal 2026. I will also review the annualized revenue contribution of our wins performance for each market sector and then provide an overview of our funnel of qualified manufacturing opportunities. Starting with our aerospace and defense sector on slide eight, revenue increased 3% sequentially in the fiscal first quarter, slightly below our expectation of a mid-single-digit increase on customer end-of-year inventory management. For the fiscal second quarter, we expect revenue for the aerospace and defense sector to be up mid-single digits from demand improvement in our commercial aerospace and defense subsectors, as well as new program ramps within our commercial aerospace, defense, and space subsectors. Our fiscal first quarter wins for the aerospace and defense sector were $220 million. This extraordinary quarterly performance nearly matches prior record annual WINS performance in F19 and F21 of $222 million and $258 million, respectively. Broadly, our customers reference our operational excellence and depth of technical expertise as contributing factors for increasing interest in partnering with Plexus and our continued program awards. For the quarter, our NENA Wisconsin site won a substantial program that further expands our leadership in the space subsector. In our security subsector, our Guadalajara and Chicago sites will respectively assemble and service an innovative security detection technology product. This new customer cited our consultative engagement and ability to minimize total product cost with a combined production and services solution as contributing factors for this win. And our Boise, Idaho team is welcoming a new customer with disruptive technology in the unmanned subsector. We anticipate fiscal 2026 revenue growth for the aerospace and defense sector to now exceed our 9 to 12% goal. Our continued robust growth outlook is supported by new program ramps with multiple customers and subsectors, strong defense subsector growth, and modest growth in our commercial aerospace subsector. Please advance to slide nine. This fiscal first quarter revenue in our healthcare life sciences market sector increased 10% sequentially, aligned to our expectation of a high single to low double digit increase. For the fiscal second quarter, we expect the healthcare life sciences market sector to be flat to up low single digits sequentially, reflecting modest growth in our therapeutic subsector. Fiscal first quarter healthcare life sciences sector wins of $40 million and included an award for our next generation imaging product for our Haining, China location. Our historical operational excellence, agile new product introduction performance, and partnership through the quoting process contributed to the win. Our team in Aradia, Romania was awarded mechanical cabinet sub-assemblies for an imaging product for an existing top medical OEM customer. This share gain award strategically expands our support for this customer to include another region. We continue to have a robust fiscal 2026 outlook for the healthcare life sciences sector, anticipating revenue growth to now exceed our 9 to 12% goal, supported by contributions from ongoing and new program ramps and improved end market demand across our therapeutics and monitoring subsectors. Advancing to the industrial sector on slide 10, This school first quarter revenue declined 8% sequentially in line with our forecast. Our industrial sector fiscal second quarter outlook of a high single to low double digit increase is driven by demand strength and program ramps within our semi cap sub sector. And program ramps and near term demand improvements within our industrial equipment sub sector. Industrial market sector wins for the fiscal second quarter of $23 million included an award from an existing semi-cap customer for our Nina, Wisconsin facility. This award covers product launch volumes for a next generation product. Our team in Aradia, Romania was awarded the assembly of a robotic solution that supports material handling and indoor logistics. This transition from our customer's internal manufacturing operations was awarded in part due to the strength of our advanced engineering and manufacturing capabilities. Our improved fiscal 2026 industrial sector revenue growth outlook is supported by new program ramps and robust growth that's well into the double digits for our semi-cap subsector and program ramps in our industrial equipment subsector, offsetting demand softness within other subsectors. As a result, We now anticipate fiscal 2026 revenue growth for the industrial sector to approach our 9 to 12% growth goal. Please advance to slide 11 for a review of our funnel of qualified manufacturing opportunities. The funnel of qualified opportunities remains robust at $3.6 billion. Notably, our aerospace and defense sector momentum continues to build. Even with the extraordinary winds performance this quarter, our funnel of aerospace and defense qualified manufacturing opportunities only saw a modest sequential decrease, reflecting a strong backfill of opportunities. Further, the aerospace and defense sector's total funnel for our engineering solutions achieved a record high in the fiscal first quarter. In summary, Plexus has significant momentum, as evidenced by our improved revenue growth outlook. Our passion for delivering excellence and creating customer success, supported by our focus on partnership and technical and operational expertise, continues to be rewarded through customer recognition, market share gains, and new customer partnerships. Ongoing and new program ramps, inclusive of share gains, and improved end market demand all support Plexus meeting or exceeding the high end of our 9 to 12% revenue growth goal for fiscal 2026. I'll now turn the call over to Pat.