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Plexus Corp (PLXS) stock

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NASDAQ: PLXS Nasdaq Electronic Manufacturing Services Next results ~January 27, 2027

D Fundamentals grade

Plexus Corp is a US-listed company in the electronic manufacturing services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: analysts' forecasts describe a different business from the one in the latest filings (spin-off, disposal or merger).

Price vs value

Under review: analysts' forecasts describe a different business from the one in the latest filings (spin-off, disposal or merger). We'll show the comparison once resolved.

Plexus Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 11 selling0 purchases and 66 sales by directors and officers, last 12 monthsInsider trades
  • Funds239 adding, 173 cuttingOf 54 active managers that changed their stake, 33 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Plexus files

Where Plexus stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $4.03bn, up 1.8% on a year earlier, about the same pace as a quarter earlier. That puts it 7 of 8 for growth among the electronic manufacturing services companies we cover. Free-cash-flow margin fell to 1.5% from 6.3% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 3 financial-health checks. At that price, our model says the market is pricing in about 17.8% a year of cash-flow growth for five years, faster than the 3.0% a year revenue growth it has delivered.

Our model value for Plexus is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Plexus Corp's trailing-twelve-month revenue grew 1.8% year on year, with a free-cash-flow margin of 1.5%. Where it lags: stock pay as % of revenue of 1.1% ranks 11 of 11 electronic manufacturing services companies we cover.

Our discounted-cash-flow model values the business at ~$96 per share in the base case (~$73–$130 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 75.3% while net income grew 14.0%: a 89pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.3% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 6.1% over 90 days.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 42% and a beta of 1.8 against the S&P 500.
  • Insiders selling. 11 insiders sold $24M of stock over the past 365 days and none bought (26% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 33% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.1% ranks 11 of 11 electronic manufacturing services companies we cover (median 0.6%).
  • Below peers: days sales outstanding. Days sales outstanding of 72 days ranks 6 of 7 electronic manufacturing services companies we cover (median 68 days).

Latest results: FY2026 Q3

Filed August 6, 2026
Earnings per share
$2.84 against an average estimate of $2.55: beat by 11.3%
Revenue
$1m, up 28.1% on a year earlier
Share reaction
-6.1% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
January 27, 2027; average EPS estimate $2.48

Plexus' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.0%
  • 1 week-5.4%
  • 1 month-20.2%
  • This year+42.5%
  • 1 year+51.8%
  • 5 years+135.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4B
Operating margin
5.7%
Net margin
4.6%
EPS (TTM, diluted)
$6.78

Growth

Revenue growth
+1.8%
Change in growth rate
+0.0 pts
Share count change
−1.3%

Cash

Free cash flow (TTM)
$61.9M
FCF margin
1.5%
Stock pay % of revenue
1.1%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Insider trade
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Plexus Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: analysts' forecasts describe a different business from the one in the latest filings (spin-off, disposal or merger).

Our value per share comes from a discounted-cash-flow model of Plexus Corp's free cash flow after stock-based pay ( $148M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$46.78$56.08$58.51$62.56$70.95$91.08$87.56$92.98$136.44$143.27$209.42
Market value$1.6bn$1.9bn$2.0bn$1.9bn$2.1bn$2.7bn$2.5bn$2.6bn$3.8bn$4.0bn$5.7bn
+ Net debt (− = net cash)−$170m−$256m−$109m$64m−$98m−$65m$138m$127m−$145m−$216m−$92m
Enterprise value$1.4bn$1.7bn$1.9bn$2.0bn$2.0bn$2.6bn$2.6bn$2.7bn$3.7bn$3.7bn$5.6bn
Multiples
Price / sales 0.6x0.8x0.7x0.6x0.6x0.8x0.6x0.6x1.0x1.0x1.4x
Price / earnings 20.9x17.3x152.2x17.9x18.1x19.1x18.0x18.8x34.1x22.9x30.9x
Price / free cash flow 16.5x14.5xn/m78.7x13.2x31.1x—42.3x11.2x25.7x92.6x
EV / EBITDA 9.7x9.6x11.3x10.3x9.6x10.9x10.9x10.3x14.9x13.3x18.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard Plexus's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Cash operating profit has been a median 3.8% of total assets over 10 years.

  • Pricing power 1 / 20

    Gross margin has been a median 9.3%, moving by 8.8 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median 4.7%; its worst year was 4.2%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 2.7% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 7.1% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (41 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 27, 2027, after the close. Analysts expect revenue of $1.4bn and EPS of $2.48 (range $2.39 to $2.54) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $10.33 +15% $5.9bn +18%
Next $11.79 +14% $6.3bn +7%

Next year's EPS estimate has moved +6.1% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.2% on 90 days ago. In the last 30 days, 1 analyst raised Plexus Corp's forecast and 0 cut it.

Consensus EPS forecast Plexus Corp, last 90 days
$10.00 $10.50 $11.00 $11.50 $12.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $10.01 Current fiscal year, 60 days ago: $10.09 Current fiscal year, 30 days ago: $10.15 Current fiscal year, 7 days ago: $10.15 Current fiscal year, Now: $10.33 $10.33 Next fiscal year, 90 days ago: $11.11 Next fiscal year, 60 days ago: $11.15 Next fiscal year, 30 days ago: $11.40 Next fiscal year, 7 days ago: $11.40 Next fiscal year, Now: $11.79 $11.79

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $10.01$11.11
60 days ago $10.09$11.15
30 days ago $10.15$11.40
7 days ago $10.15$11.40
Now $10.33$11.79

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.55 $2.84 +11.3%
Jun 2026 $2.14 $2.32 +8.5%
Mar 2026 $1.88 $2.05 +8.8%
Dec 2025 $1.73 $1.78 +2.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Our model doesn't use the consensus here: consensus revenue is 966.26x the latest quarter's run rate while reported revenue grew 28% a year: a different business (spin-off, disposal or merger) - not used.

Analyst recommendations

5 analysts, Oct 2026
Buy5100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026235
  2. Sep 2026235
  3. Aug 20262215
  4. Jul 20262215

Counts of recommendations published by analysts covering Plexus Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.7%
of tradable shares
Days to cover
3.72
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.4%
of shares
Employees
25,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +49.7%

$139.90 on October 31, 2025 to $209.42

ThenNowEffect
Revenue (last 12 months) $4.0bn $4.0bn +1.8%
Net margin 4.1% 4.6% +11.9%
P/E multiple 23.8x 30.9x +29.6%
Share count 28m 27m +1.3%

Biggest factor: p/e multiple.

Last 3 years +111.4%

$99.06 on November 3, 2023 to $209.42

ThenNowEffect
Revenue (last 12 months) $4.4bn $4.0bn −8.7%
Net margin 3.4% 4.6% +36.1%
P/E multiple 18.7x 30.9x +65.0%
Share count 28m 27m +3.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PLXS+23%+7%+5%+45%−6%+43%
Industry peers (median)+36%+1%+13%+11%+56%−5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PLXS50%50%67%58%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PLXS−15%−24%−26%−16%−35%−32%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 54% from January 23, 2020 to March 18, 2020. Getting back needed a 116% gain, reached on January 5, 2021, 293 days after the low.

Price behaviour

52-week range
$132.74 – $303.82
From 52-week high
−31.1%
vs 50-day average
−14.9%
vs 200-day average
−12.9%
Volatility (1 year)
43%
Beta vs S&P 500
1.77

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±6.0%
After a week
6 up, 5 down
typical move ±7.9%
After a month
6 up, 5 down
typical move ±9.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −6.1% 0.0% — —
July 29, 2026 −3.2% +0.1% +9.8% −1.9%
April 29, 2026 +1.7% +1.0% +7.6% +8.9%
January 28, 2026 +13.9% −0.2% +13.1% +11.9%
October 22, 2025 −0.3% +0.1% −7.2% −11.7%
July 23, 2025 −11.5% +0.9% −4.3% −2.3%
April 23, 2025 +1.0% +3.7% −1.4% +5.1%
January 22, 2025 −10.0% +1.1% −15.8% −19.4%
October 23, 2024 +7.5% −0.7% +8.8% +18.4%
July 24, 2024 +9.0% −2.8% +7.9% +4.4%
April 24, 2024 +2.6% −0.4% +5.9% +15.4%
January 24, 2024 −5.1% +0.7% −4.8% −4.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Plexus Corp in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Plexus Corp
$0 $2B $4B $6B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $4.2B Revenue (TTM), FY24 Q1: $3.1B Revenue (TTM), FY24 Q2: $2B Revenue (TTM), FY24 Q3: $947.5M Revenue (TTM), FY24 Q4: $4B Revenue (TTM), FY25 Q1: $4B Revenue (TTM), FY25 Q2: $4B Revenue (TTM), FY25 Q3: $4B Revenue (TTM), FY25 Q4: $4B Revenue (TTM), FY26 Q1: $4B Revenue (TTM), FY26 Q2: $4B Revenue (TTM), FY26 Q3: $4B $4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $4.2B
FY24 Q1 $3.1B
FY24 Q2 $2B
FY24 Q3 $947.5M
FY24 Q4 $4B
FY25 Q1 $4B
FY25 Q2 $4B
FY25 Q3 $4B
FY25 Q4 $4B
FY26 Q1 $4B
FY26 Q2 $4B
FY26 Q3 $4B
Revenue growth, TTM YoY Plexus Corp
-100% 0% 100% 200% 300% 400% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 7.2% Revenue growth, TTM YoY, FY24 Q1: -26.5% Revenue growth, TTM YoY, FY24 Q2: -54.5% Revenue growth, TTM YoY, FY24 Q3: -78.6% Revenue growth, TTM YoY, FY24 Q4: -5.9% Revenue growth, TTM YoY, FY25 Q1: 28.2% Revenue growth, TTM YoY, FY25 Q2: 98.6% Revenue growth, TTM YoY, FY25 Q3: 318.0% Revenue growth, TTM YoY, FY25 Q4: 1.8% Revenue growth, TTM YoY, FY26 Q1: 1.8% Revenue growth, TTM YoY, FY26 Q2: 1.8% Revenue growth, TTM YoY, FY26 Q3: 1.8% 1.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 7.2%
FY24 Q1 -26.5%
FY24 Q2 -54.5%
FY24 Q3 -78.6%
FY24 Q4 -5.9%
FY25 Q1 28.2%
FY25 Q2 98.6%
FY25 Q3 318.0%
FY25 Q4 1.8%
FY26 Q1 1.8%
FY26 Q2 1.8%
FY26 Q3 1.8%
Operating margin (TTM) Plexus Corp
0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 4.7% Operating margin (TTM), FY24 Q1: 5.9% Operating margin (TTM), FY24 Q2: 7.8% Operating margin (TTM), FY24 Q3: 17.6% Operating margin (TTM), FY24 Q4: 4.2% Operating margin (TTM), FY25 Q1: 4.3% Operating margin (TTM), FY25 Q2: 4.8% Operating margin (TTM), FY25 Q3: 5.1% Operating margin (TTM), FY25 Q4: 5.0% Operating margin (TTM), FY26 Q1: 5.2% Operating margin (TTM), FY26 Q2: 5.5% Operating margin (TTM), FY26 Q3: 5.7% 5.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 4.7%
FY24 Q1 5.9%
FY24 Q2 7.8%
FY24 Q3 17.6%
FY24 Q4 4.2%
FY25 Q1 4.3%
FY25 Q2 4.8%
FY25 Q3 5.1%
FY25 Q4 5.0%
FY26 Q1 5.2%
FY26 Q2 5.5%
FY26 Q3 5.7%
FCF margin (TTM) Plexus Corp
0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 1.5% FCF margin (TTM), FY24 Q1: 3.3% FCF margin (TTM), FY24 Q2: 4.4% FCF margin (TTM), FY24 Q3: 22.5% FCF margin (TTM), FY24 Q4: 8.6% FCF margin (TTM), FY25 Q1: 10.1% FCF margin (TTM), FY25 Q2: 8.9% FCF margin (TTM), FY25 Q3: 6.3% FCF margin (TTM), FY25 Q4: 3.8% FCF margin (TTM), FY26 Q1: 1.9% FCF margin (TTM), FY26 Q2: 1.9% FCF margin (TTM), FY26 Q3: 1.5% 1.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 1.5%
FY24 Q1 3.3%
FY24 Q2 4.4%
FY24 Q3 22.5%
FY24 Q4 8.6%
FY25 Q1 10.1%
FY25 Q2 8.9%
FY25 Q3 6.3%
FY25 Q4 3.8%
FY26 Q1 1.9%
FY26 Q2 1.9%
FY26 Q3 1.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Oct 2009 2010 Oct 2010 2011 Oct 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Oct 2015 2016 Oct 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Oct 2020 2021 Oct 2021 2022 Oct 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jul 2026
Income
Revenue 1,617 2,013 2,231 2,307 2,228 2,378 2,654 2,556 2,528 2,874 3,296 3,502 3,481 3,928 4,210 3,961 4,033 4,034
Gross profit 155 207 215 220 213 226 240 227 256 258 292 313 323 347 395 379 407 461
EBITDA 88 140 148 152 144 148 164 147 175 167 194 210 237 241 266 246 280 307
Operating income 53 100 101 104 97 101 115 99 130 118 142 153 176 178 196 168 202 231
Net income 46 90 89 62 82 87 94 76 112 13 109 117 139 138 139 112 173 185
Diluted EPS $1.17 $2.19 $2.30 $1.75 $2.36 $2.52 $2.74 $2.24 $3.24 $0.38 $3.50 $3.93 $4.76 $4.86 $4.95 $4.01 $6.26 $6.78
Growth (year on year)
Revenue −12.2% +24.5% +10.8% +3.4% −3.4% +6.7% +11.6% −3.7% −1.1% +13.7% +14.7% +6.2% −0.6% +12.8% +7.2% −5.9% +1.8% +1.8%
EBITDA −33.7% +59.7% +6.0% +2.6% −5.3% +2.7% +10.8% −10.4% +19.3% −4.9% +16.6% +8.1% +13.0% +1.5% +10.3% −7.5% +14.1% +9.5%
Operating income −48.4% +87.8% +1.5% +2.9% −7.2% +4.1% +14.7% −13.9% +30.6% −8.9% +20.1% +8.0% +14.9% +1.1% +9.9% −14.3% +20.7% +13.6%
Net income −44.9% +93.3% −0.3% −30.4% +32.5% +6.0% +8.2% −19.0% +46.6% −88.4% — +8.2% +18.2% −0.5% +0.6% −19.6% +54.6% +14.0%
Diluted EPS −39.1% +87.2% +5.0% −23.9% +34.9% +6.8% +8.7% −18.2% +44.6% −88.3% — +12.3% +21.1% +2.1% +1.9% −19.0% +56.1% +15.5%
Margins
Gross margin 9.6% 10.3% 9.6% 9.5% 9.6% 9.5% 9.0% 8.9% 10.1% 9.0% 8.9% 8.9% 9.3% 8.8% 9.4% 9.6% 10.1% 11.4%
EBITDA margin 5.4% 6.9% 6.6% 6.6% 6.5% 6.2% 6.2% 5.7% 6.9% 5.8% 5.9% 6.0% 6.8% 6.1% 6.3% 6.2% 6.9% 7.6%
Operating margin 3.3% 4.9% 4.5% 4.5% 4.3% 4.2% 4.3% 3.9% 5.1% 4.1% 4.3% 4.4% 5.1% 4.5% 4.7% 4.2% 5.0% 5.7%
Net margin 2.9% 4.4% 4.0% 2.7% 3.7% 3.7% 3.6% 3.0% 4.4% 0.5% 3.3% 3.4% 4.0% 3.5% 3.3% 2.8% 4.3% 4.6%
Free-cash-flow margin 7.0% −4.1% 3.8% 4.1% 4.5% 1.0% 1.6% 3.8% 5.3% 0.1% 0.7% 4.6% 2.5% −3.3% 1.5% 8.6% 3.8% 1.5%
Cash flow
Cash from operations 170 −8 158 158 208 88 77 128 172 67 115 210 143 −26 166 437 249 171
Capital spending 57 75 74 64 108 65 35 31 39 63 91 50 57 102 104 95 95 109
Free cash flow 113 −82 84 94 100 23 41 97 133 4 25 160 85 −128 62 341 154 62
Stock-based pay 9 10 11 13 12 13 13 19 17 18 21 24 25 23 21 30 30 44
Free cash flow after stock pay 103 −92 73 81 88 10 28 77 116 −14 3 136 61 −151 40 311 124 18
Balance sheet
Cash 258 188 242 298 342 347 357 433 569 297 224 386 270 275 256 345 306 314
Total debt 150 130 288 270 261 266 262 263 313 189 288 288 205 413 383 200 90 222
Net debt (negative = net cash) −108 −58 46 −27 −81 −80 −95 −170 −256 −109 64 −98 −65 138 127 −145 −216 −92
Diluted shares 40m 41m 39m 36m 35m 35m 34m 34m 35m 34m 31m 30m 29m 28m 28m 28m 28m 27m
Returned to shareholders
Buybacks — — 200 — 50 30 30 30 34 137 182 41 108 50 41 56 65 86
Total returned — — 200 — 50 30 30 30 34 137 182 41 108 50 41 56 65 86

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · July 4, 2026
What it owns · $3.6bn
Short-term assets $2.9bnLonger-term assets $738m
What it owes, and who funded it · $3.6bn
Short-term liabilities $1.9bnLonger-term liabilities $159mShareholders' equity $1.5bn
  • Short-term assets cover short-term liabilities $2.9bn of assets due within a year against $1.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.9bn short-term assets against $159m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $231m against $13m of interest.

From Plexus Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$85.6M
Returned to shareholders
138%
of free cash flow
Buybacks, last 3 fiscal years
$162M
Diluted share count
−1.3%
year over year
Total shareholder yield
1.5%
dividends 0.0% + buybacks 1.5% of market value
Sales & admin spending
5.7%
of revenue
Days sales outstanding
72 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic manufacturing services
Last 12 months unless stated PLXS FN BHE KE SANM CLS Median
Revenue, last 12 months $4.0bn $4.6bn $2.9bn $1.4bn $12.8bn $18.2bn $4.3bn
Revenue growth, last 12 months 1.8% 35.7% 12.9% −3.7% 58.6% 61.6% 14.7%
Revenue growth, 3-year average −3.0% 20.6% 0.6% −7.8% 11.9% — 1.2%
Revenue growth, latest quarter 28.1% 44.6% 19.1% −2.3% 69.7% 82.5% 24.8%
Gross margin 11.4% 12.0% 10.4% 8.2% 9.0% 11.5% 10.9%
Operating margin 5.7% 10.0% 3.5% 4.6% 4.2% 8.3% 4.7%
Operating margin, 3-year average 9.5% 9.7% 3.6% 3.5% 4.4% — 4.4%
Net margin 4.6% 10.2% 1.9% 2.0% 2.4% 6.8% 3.1%
Cash from operations / revenue 4.2% 5.5% 5.8% 5.0% 7.1% 7.7% 5.5%
Free-cash-flow margin 1.5% 0.1% 3.8% 1.4% 4.7% 3.0% 2.8%
Free-cash-flow margin, 3-year average 10.1% 6.3% 5.2% 4.4% 4.1% — 4.1%
Stock pay / revenue 1.1% 0.7% 0.8% 0.6% 0.7% 0.5% 0.5%
Change in share count −1.3% −0.0% −0.9% −1.0% −0.7% 0.8% −0.8%

Median of all 12 companies we cover in electronic manufacturing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 electronic manufacturing services companies
Measure Company Peer median Rank
Revenue growth Growth 1.8% 16.5% 9 of 12
Change in growth rate Growth +0.0pp +4.0pp 10 of 12
Gross margin Profitability 11.4% 11.4% 6 of 12
Operating margin Profitability 5.7% 4.7% 4 of 12
Net margin Profitability 4.6% 3.4% 5 of 12
Free-cash-flow margin Cash generation 1.5% 3.0% 9 of 12
Stock pay as % of revenue Cash generation 1.1% 0.6% 11 of 11
Change in share count Balance sheet -1.3% -0.7% 4 of 12
Days sales outstanding Balance sheet 72 days 68 days 6 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 27, 2025
Geography
Region Revenue Share YoY
Malaysia $1.9B 46.2% ▲ 6.3%
United States $691M 17.1% ▼ 3.9%
Mexico $526M 13.0% ▲ 5.0%
China $414M 10.2% ▲ 7.7%
RO $334M 8.2% ▼ 21.4%
TH $107M 2.6% ▲ 58.8%
United Kingdom $106M 2.6% ▼ 4.5%
Germany $12,000 0.0% ▼ 99.6%

From Plexus Corp's 10-K filed November 14, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$8B
Institutions reporting
443
Shares held vs prior quarter
▼ 0.1%
Positions opened / closed
98 / 36

Top buyers and sellers, Q2 2026: 239 institutions bought and 173 sold ; the biggest buyer was Price T Rowe Associates Inc (+508K shares) and the biggest seller American Century Companies Inc (−378K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.3B 4.4M 16.4% ▲ 2.0%
Vanguard Portfolio Management LLC $635M 2.1M 7.9% ▼ 6.4%
Disciplined Growth Investors Inc $433M 1.4M 5.4% ▼ 3.6%
Vanguard Capital Management LLC $363M 1.2M 4.5% ▲ 0.7%
American Century Companies Inc $356M 1.2M 4.5% ▼ 24.2%
State Street Corp $329M 1.1M 4.1% ▲ 4.5%
Dimensional Fund Advisors LP $250M 833K 3.1% ▼ 25.6%
Geode Capital Management, LLC $241M 802K 3.0% ▲ 17.9%
BNP Paribas Asset Management Holding S.A. $229M 762K 2.9% ▼ 16.9%
Fuller & Thaler Asset Management, Inc. $220M 732K 2.8% ▲ 24.4%
Earnest Partners LLC $189M 628K 2.4% ▼ 3.7%
Price T Rowe Associates Inc $176M 587K 2.2% ▲ 644.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Plexus Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $24M 66 trades by 11 insiders · 26% under pre-set plans
Net ▼ $24M net selling
Insider Date Trade Shares Price Value
Kelsey Todd P. President & CEO October 21, 2026 Sell pre-set plan 721 $239.92 $172,980
Kelsey Todd P. President & CEO October 21, 2026 Sell pre-set plan 779 $238.47 $185,767
Kelsey Todd P. President & CEO September 16, 2026 Sell pre-set plan 1,500 $242.41 $363,615
Rapp Karen Marie Director August 31, 2026 Sell pre-set plan 500 $240.87 $120,435
Kelsey Todd P. President & CEO August 19, 2026 Sell pre-set plan 319 $248.79 $79,364
Kelsey Todd P. President & CEO August 19, 2026 Sell pre-set plan 500 $252.23 $126,115
Kelsey Todd P. President & CEO August 19, 2026 Sell pre-set plan 681 $251.09 $170,992
Schrock Michael V Director August 11, 2026 Sell pre-set plan 4,000 $275.00 $1.1M
Kelsey Todd P. President & CEO July 15, 2026 Sell pre-set plan 500 $260.51 $130,255
Kelsey Todd P. President & CEO July 15, 2026 Sell pre-set plan 1,000 $261.07 $261,070
Kelsey Todd P. President & CEO June 17, 2026 Sell pre-set plan 352 $296.09 $104,224
Kelsey Todd P. President & CEO June 17, 2026 Sell pre-set plan 100 $292.11 $29,211

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • January 28, 2026
  • October 22, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Plexus Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Plexus Corp in brief

What does Plexus Corp do?
Plexus Corp is a US-listed company in the electronic manufacturing services industry. Its financial year ends in September.
What is Plexus Corp's stock ticker?
Plexus Corp trades under the ticker PLXS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Plexus Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Plexus Corp reported revenue of $4B, 1.8% higher than a year earlier, according to its SEC filings.
What is Plexus Corp's free cash flow?
Plexus Corp's free-cash-flow margin is 1.5% of revenue over the trailing twelve months, ranking 9 of the 12 electronic manufacturing services companies we cover.
Who are Plexus Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Disciplined Growth Investors Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Plexus Corp buying back stock, and does it pay a dividend?
Plexus Corp spent $85.6M on share repurchases over the trailing twelve months, and its diluted share count fell 1.3% over the year.
What is Plexus Corp's market cap?
On November 2, 2026, Plexus Corp's market capitalisation was about $5.7B, with a price-to-earnings ratio of 30.9 and net debt of -$92.1M. Market figures come from third-party market data and may be delayed.
Who are Plexus Corp's competitors?
In our Electronic Manufacturing Services peer group, the companies closest to Plexus Corp are Fabrinet, Benchmark Electronics Inc, Kimball Electronics, Inc., Sanmina Corp and Celestica Inc. The side-by-side comparison below sets their revenue, margins and growth against Plexus Corp's.
Are insiders buying or selling Plexus Corp stock?
Over the last 12 months, Plexus Corp's directors and officers reported 0 open-market purchases and 66 sales on Form 4. The insider trading page charts every trade.
When is Plexus Corp's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Plexus Corp announces its own schedule.