Plexus (NASDAQ:PLXS) Issues Q2 2026 Earnings Guidance

Plexus (NASDAQ:PLXS) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.800-1.950 for the period, compared to the consensus EPS estimate of 1.630. The company issued revenue guidance of $1.1 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion.

Plexus Stock Up 4.2%

Shares of NASDAQ:PLXS traded up $7.34 during midday trading on Wednesday, hitting $180.85. The stock had a trading volume of 502,968 shares, compared to its average volume of 286,498. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $157.46 and its 200-day simple moving average is $145.04. Plexus has a 12 month low of $103.43 and a 12 month high of $186.47. The company has a market cap of $4.84 billion, a P/E ratio of 28.89 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Plexus had a return on equity of 12.77% and a net margin of 4.29%.The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $1.73 earnings per share. Plexus’s quarterly revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, sell-side analysts forecast that Plexus will post 5.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PLXS shares. Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a research report on Thursday, January 22nd. Needham & Company LLC increased their price target on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Williams Trading set a $195.00 target price on Plexus in a report on Wednesday. Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price objective for the company. in a research report on Friday, October 24th. Finally, Stifel Nicolaus set a $150.00 price target on shares of Plexus in a report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Plexus currently has a consensus rating of “Hold” and an average target price of $171.00.

Insiders Place Their Bets

In other Plexus news, Director Karen Marie Rapp sold 500 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $143.47, for a total value of $71,735.00. Following the sale, the director directly owned 7,665 shares in the company, valued at $1,099,697.55. This represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd P. Kelsey sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $143.50, for a total value of $287,000.00. Following the transaction, the chief executive officer directly owned 60,714 shares of the company’s stock, valued at $8,712,459. The trade was a 3.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,674 shares of company stock worth $1,382,876 in the last ninety days. 1.78% of the stock is owned by corporate insiders.

Plexus News Summary

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Management set Q2 FY2026 revenue and non‑GAAP EPS guidance above Street consensus (revenue $1.110–$1.150B; non‑GAAP EPS $1.80–$1.95), signaling accelerating sequential growth. Quiver Quant – Q1 Results & Guidance
• Positive Sentiment: Q1 non‑GAAP EPS of $1.78 narrowly topped estimates and revenue of $1.07B showed 10% YoY growth, providing validation for management’s recovery thesis. Zacks – Plexus Beats Q1 Estimates
• Positive Sentiment: Plexus won 22 new manufacturing programs with ~$283M of annualized revenue potential (not yet fully ramped), including record Aerospace/Defense program wins — a catalyst for future revenue and margin expansion. Quiver Quant – Program Wins
• Positive Sentiment: Benchmark raised its price target to $195 and kept a Buy rating, providing analyst support that can sustain investor interest. The Fly – Price Target Raised
• Neutral Sentiment: Plexus repurchased $22.4M of shares under its $100M program (≈$62.6M remaining), a shareholder‑friendly action but modest in scale relative to market cap. Quiver Quant – Buybacks
• Neutral Sentiment: Company emphasizes non‑GAAP metrics (adjusted EPS/margins) — useful for operating trends but requires care because GAAP and non‑GAAP ranges differ. GlobeNewswire – Press Release
• Negative Sentiment: Q1 showed negative free cash flow (~$50.6M) and a lengthening cash cycle (69 days) due to working‑capital investments to support ramps — near‑term cash use could pressure liquidity or limit larger buybacks/dividends. Quiver Quant – Cash Flow & Cash Cycle
• Negative Sentiment: Significant insider selling activity was reported (multiple executive sales), which investors sometimes view as a negative signal. Quiver Quant – Insider Activity

Hedge Funds Weigh In On Plexus

Institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. bought a new position in Plexus in the 3rd quarter worth about $295,000. Northwestern Mutual Wealth Management Co. raised its stake in Plexus by 16.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the technology company’s stock valued at $294,000 after buying an additional 284 shares during the last quarter. Entropy Technologies LP bought a new position in Plexus in the third quarter valued at about $304,000. State of Wyoming lifted its stake in shares of Plexus by 110.1% in the 2nd quarter. State of Wyoming now owns 2,410 shares of the technology company’s stock worth $326,000 after purchasing an additional 1,263 shares during the period. Finally, FORA Capital LLC bought a new position in Plexus in the 2nd quarter worth $273,000. 94.45% of the stock is owned by institutional investors.

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.