Plexus (NASDAQ:PLXS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Plexus (NASDAQ:PLXS) released its quarterly earnings results on Wednesday. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01, FiscalAI reports. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm earned $1.73 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. Plexus updated its Q2 2026 guidance to 1.800-1.950 EPS.

Plexus Stock Performance

NASDAQ PLXS opened at $180.85 on Thursday. The firm has a market cap of $4.84 billion, a P/E ratio of 28.89 and a beta of 0.81. 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 company’s 50 day moving average is $157.46 and its 200-day moving average is $145.04. Plexus has a 12-month low of $103.43 and a 12-month high of $186.47.

Insider Buying and Selling

In related news, Director Karen Marie Rapp sold 500 shares of Plexus 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 completion of the transaction, the director directly owned 7,665 shares in the company, valued at approximately $1,099,697.55. The trade was a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $144.93, for a total value of $195,220.71. Following the completion of the transaction, the chief accounting officer directly owned 21,544 shares of the company’s stock, valued at $3,122,371.92. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,674 shares of company stock worth $1,382,876 in the last 90 days. 1.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Plexus

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Financial Group Inc. bought a new position in shares of Plexus in the third quarter valued at approximately $72,000. EverSource Wealth Advisors LLC lifted its stake in Plexus by 583.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after purchasing an additional 490 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in Plexus in the 2nd quarter worth approximately $210,000. United Services Automobile Association bought a new position in Plexus in the 1st quarter valued at $218,000. Finally, Blair William & Co. IL purchased a new position in shares of Plexus during the 3rd quarter valued at $259,000. 94.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Sidoti downgraded Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Plexus in a report on Thursday, January 22nd. Needham & Company LLC boosted their price target on shares of Plexus from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Benchmark lifted their price objective on shares of Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $171.00.

More Plexus News

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Q1 results topped expectations — revenue $1.07B (up ~10% YoY) and adjusted (non‑GAAP) EPS $1.78; the company won 22 new manufacturing programs with $283M of annualized revenue potential, signaling visible program ramps and revenue growth. Plexus Corp. Reports Fiscal Q1 2026 Financial Results and Guidance for Q2 2026
• Positive Sentiment: Bullish Q2 guidance — Plexus guided Q2 revenue $1.110–$1.150B and non‑GAAP EPS $1.80–$1.95, above consensus and implying ~15% YoY growth at the midpoint; management called for accelerating sequential revenue and the potential to reach or exceed FY revenue targets. Plexus Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Analyst upgrade/target lift — Benchmark raised its price target to $195 and maintained a Buy, adding third‑party support to the stock’s upside narrative. PLXS: Price target raised by Benchmark
• Neutral Sentiment: Share buyback activity — Plexus repurchased $22.4M of stock in the quarter and still has ~$62.6M left under its $100M authorization; modest capital return but not a large program. Plexus Announces Fiscal First Quarter Financial Results
• Negative Sentiment: GAAP earnings weakness and cash flow — GAAP diluted EPS fell to $1.51 (down sequentially) and free cash flow was negative ~$50.6M in the quarter due to working‑capital investments to support ramps. These items could pressure near‑term profitability and liquidity perceptions. Plexus Corp. Reports Fiscal Q1 2026 Financial Results and Guidance for Q2 2026
• Negative Sentiment: Insider selling and working‑capital build — recent filings show substantial insider sales and an elevated cash cycle (69 days) with rising inventory and receivables, which may concern some investors about near‑term cash conversion. Plexus Corp. Reports Fiscal Q1 2026 Financial Results and Guidance for Q2 2026

Plexus Company Profile

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.