Plexus (NASDAQ:PLXS) Issues Quarterly Earnings Results

Plexus (NASDAQ:PLXS) released its earnings results on Wednesday. The technology company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.55), Zacks reports. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.23 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. During the same quarter in the previous year, the firm earned $1.64 EPS. Plexus updated its Q4 2026 guidance to 2.470-2.630 EPS.

Plexus Stock Performance

Shares of PLXS traded down $9.59 during midday trading on Wednesday, hitting $240.49. 825,119 shares of the stock traded hands, compared to its average volume of 336,020. Plexus has a 1-year low of $124.49 and a 1-year high of $307.06. The firm has a market capitalization of $6.44 billion, a PE ratio of 35.16 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The business’s 50 day moving average price is $274.29 and its two-hundred day moving average price is $232.49.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Plexus in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Stifel Nicolaus raised their target price on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Zacks Research upgraded Plexus from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and a consensus target price of $246.67.

Trending Headlines about Plexus

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Quarterly results exceeded expectations. Plexus reported non-GAAP EPS of $2.32, beating consensus by $0.18, while revenue reached approximately $1.30 billion—about $80 million above estimates. Revenue increased 28.1% year over year to $1.31 billion, and gross profit rose 27.2% to $131.4 million. Plexus Non-GAAP EPS and Revenue Results
• Positive Sentiment: Fourth-quarter guidance was well above earnings expectations. Management forecast EPS of $2.47–$2.63, compared with the $2.09 analyst consensus, and projected revenue of $1.3–$1.4 billion. The outlook suggests continued demand and potentially improving profitability. Plexus Fiscal Third Quarter Financial Results
• Positive Sentiment: Operating profit rose 14.3% to $61.3 million, while cash and equivalents increased 32.2% year over year to $314.1 million. Recent analyst coverage also remains favorable, with a median price target of $310 and targets as high as $330, although these estimates may not yet reflect the latest results. Plexus Stock and Q3 2026 Earnings
• Neutral Sentiment: Despite higher revenue and operating profit, net income attributable to common shareholders declined 4.7% to $43.0 million, and diluted GAAP EPS fell to $1.58. Total liabilities rose to $2.1 billion, while operating cash flow of $25.9 million was roughly offset by $26.7 million of capital spending.
• Negative Sentiment: Insiders reported 43 open-market sales and no purchases over the past six months, including substantial sales by the CEO and other senior executives. This may raise valuation or confidence concerns, particularly after the stock’s strong longer-term advance. Plexus Insider Trading Activity

Insider Transactions at Plexus

In other Plexus news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the transaction, the insider directly owned 10,457 shares of the company’s stock, valued at $2,836,252.11. The trade was a 22.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd P. Kelsey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total transaction of $805,350.00. Following the completion of the transaction, the chief executive officer owned 74,888 shares of the company’s stock, valued at approximately $20,103,683.60. This trade represents a 3.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 20,481 shares of company stock worth $5,519,183. Insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Plexus

A number of hedge funds have recently made changes to their positions in the business. Inspire Investing LLC boosted its position in shares of Plexus by 1.6% during the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock worth $467,000 after buying an additional 50 shares during the period. Maryland State Retirement & Pension System increased its position in Plexus by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after acquiring an additional 60 shares during the period. Corient Private Wealth LLC increased its position in Plexus by 4.5% in the 4th quarter. Corient Private Wealth LLC now owns 1,900 shares of the technology company’s stock valued at $279,000 after acquiring an additional 82 shares during the period. Smartleaf Asset Management LLC raised its stake in Plexus by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 916 shares of the technology company’s stock valued at $137,000 after acquiring an additional 110 shares in the last quarter. Finally, Inceptionr LLC raised its stake in Plexus by 4.2% during the 4th quarter. Inceptionr LLC now owns 3,624 shares of the technology company’s stock valued at $533,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

About Plexus

Plexus Corp. (NASDAQ: PLXS) is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.