Plexus Announces Fiscal Third Quarter Financial Results

Keybanc upgraded Plexus Corp to Overweight with a $300 price target, implying 18.9% upside from the Sep 21 close. The firm cites strong growth prospects in Aerospace/Defense and Industrial segments, with over 20% revenue growth expected in FY27, and disciplined capital deployment.

Plexus (NASDAQ:PLXS) reported Q2 CY2026 revenue of $1.30 billion, up 28.1% year on year, beating expectations by 5.8%. Non-GAAP EPS was $2.32, up from $1.90 a year earlier, and 8.5% above consensus. The company guided next-quarter revenue to $1.36 billion at the midpoint, about 6.5% above analysts’ view.

Value Line (NASDAQ: VALU) reported earnings growth and extended its dividend growth streak to 12 years. The company reduced costs through outsourcing and digital delivery, though paper and postage costs remain challenges. Shareholders elected new directors, and CEO Howard Brecher noted the company's resilience to economic factors like tariffs and oil-supply disruptions. The U.S. economy was described as stable, with rising prices and interest rates.

TSMC reported September revenue of NT$511.86 billion ($16.03 billion), up 54.6% year-over-year, driven by AI chip demand. The stock fell 1.35% ahead of the data. TSMC uses ASML's advanced lithography machines and will report Q3 earnings next week.

Samsung Electronics projected Q3 2026 operating profit of 107.4T won and sales of 195T won, driven by AI demand, memory chip recovery, and smartphone market improvements. The company's diverse portfolio and strategic focus on high-value products contributed to the strong outlook.

Lululemon (LULU) reported a 4% decline in Q2 revenue, driven by an 8% drop in Americas sales. International revenue rose 4%, but same-store sales fell 3%. The stock has fallen 55% year-to-date, with mixed retail investor sentiment on Stocktwits.