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Plexus Corp.

Plexus Corp.

NASDAQ•PLXS
CEO: Mr. Todd P. Kelsey
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1986-02-05
Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services. The company serves the aerospace/defense, healthcare/life sciences, industrial/commercial, and communications market sectors. Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin.
Contact Information
One Plexus Way, Neenah, WI, 54957, United States
920-969-6000
www.plexus.com
Market Cap
$3.79B
P/E (TTM)
21.8
51.5
Dividend Yield
--
52W High
$172.89
52W Low
$103.43
52W Range
53%
5.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q4 2025 Data

Revenue

$1.06B+0.74%
4-Quarter Trend

EPS

$1.91+25.66%
4-Quarter Trend

FCF

$0.00-100.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Sales Growth Nine months net sales grew 2.2% to $2,974.6M, driven by APAC segment strength and product ramps.
Net Income Significantly Rises Nine months net income surged 72.1% to $121.5M, aided by lower restructuring charges and improved gross margin.
Operating Margin Expansion Operating margin expanded 120 basis points to 5.3% for the three months ended June 28, 2025, due to lower charges.
Strong EPS Performance Diluted earnings per share reached $4.39 for nine months, up significantly from $2.53 in the prior period.

Risk Factors

Operating Cash Flow Drop Cash provided by operating activities fell to $117.2M for nine months, a significant decrease from $216.4M last year.
EMEA Segment Contraction EMEA net sales decreased 21.7% for nine months, primarily driven by decreased customer end-market demand.
Inventory Deposit Reduction Inventory-related customer deposits decreased $115.6M to $420.6M, impacting cash flow timing assumptions for operations.
Potential Financing Needs Management evaluates future financing alternatives as cash position may require supplemental debt or equity for needs.

Outlook

Fiscal 2025 Capex Estimate Capital expenditures estimated between $80.0M and $100.0M to support new program ramps and replace older equipment.
Future Tax Law Impact Evaluating impact of 'One Big Beautiful Bill Act' enacted July 4, 2025, affecting US tax law through fiscal 2027.
Share Repurchase Activity Executing 2026 Program; 314,344 shares were repurchased for $43.4M during the nine months ended June 28, 2025.
Expected Tax Rate Range Annual effective tax rate for fiscal 2025 is expected to be approximately 10.0% to 12.0% assuming no changes to tax laws.

Peer Comparison

Revenue (TTM)

Avnet, Inc.AVT
$22.50B
-2.3%
Insight Enterprises, Inc.NSIT
$8.27B
-6.7%
Plexus Corp.PLXS
$4.03B
+1.8%

Gross Margin (Latest Quarter)

SPS Commerce, Inc.SPSC
69.5%
+1.0 pp
Vertex, Inc.VERX
63.1%
-1.7 pp
DigitalOcean Holdings, Inc.DOCN
59.6%
-0.5 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BMI$5.18B37.321.1%0.0%
OSIS$4.60B30.416.9%0.2%
BDC$4.46B19.418.3%40.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+2.7%
Moderate Growth
4Q Net Income CAGR
+11.3%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Jun 28, 2025|Filed: Aug 1, 2025|
    Revenue: $1.02B+6.0%
    |
    EPS: $1.67+81.5%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Mar 29, 2025|Filed: May 2, 2025|
    Revenue: $980.17M+1.4%
    |
    EPS: $1.44+144.1%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Dec 28, 2024|Filed: Jan 31, 2025|
    Revenue: $976.12M-0.7%
    |
    EPS: $1.38+30.2%
    Miss

  • Form 10-K - FY 2024

    Period End: Sep 28, 2024|Filed: Nov 15, 2024|
    Revenue: $3.96B-5.9%
    |
    EPS: $4.08-19.0%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Jun 29, 2024|Filed: Aug 2, 2024|
    Revenue: $960.75M-6.0%
    |
    EPS: $0.92+61.4%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Mar 30, 2024|Filed: May 3, 2024|
    Revenue: $966.90M-9.7%
    |
    EPS: $0.59-60.1%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Dec 30, 2023|Filed: Feb 2, 2024|
    Revenue: $982.61M-10.2%
    |
    EPS: $1.06-30.7%
    Meet

  • Form 10-K - FY 2023

    Period End: Sep 30, 2023|Filed: Nov 17, 2023|
    Revenue: $4.21B+10.5%
    |
    EPS: $5.04+1.6%
    Beat