Plexus (NASDAQ:PLXS) Reaches New 52-Week High on Strong Earnings

Plexus Corp. (NASDAQ:PLXS)’s stock price hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $194.06 and last traded at $184.1950, with a volume of 253085 shares. The stock had previously closed at $180.85.

The technology company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.01. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $1.73 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS.

Plexus News Roundup

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Q1 results showed revenue of $1.07B (≈+10% YoY) and non‑GAAP EPS of $1.78, modestly beating estimates — evidence of demand strength across Healthcare/Life Sciences and Aerospace/Defense. Plexus Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Management issued stronger-than-expected Q2 fiscal 2026 guidance: non‑GAAP EPS $1.80–$1.95 (vs. consensus ~1.63) and revenue $1.110–$1.150B, implying sequential acceleration — a key bullish catalyst. Quiver Quant Summary
• Positive Sentiment: Company won 22 new manufacturing programs with $283M of annualized revenue potential (Aerospace/Defense accounted for a record $220M), supporting medium-term revenue ramps and market-share gains. Press Release
• Neutral Sentiment: Board continued buybacks — $22.4M repurchased in Q1 at an avg $146.36, with ~$62.6M remaining under the $100M program (capital return supportive but modest). Press Release
• Neutral Sentiment: Street reaction tempered by the fact the EPS beat was only $0.01 and reported revenue was essentially in line with expectations — upside is more about guidance than a large miss/beat. MSN recap
• Negative Sentiment: GAAP diluted EPS fell to $1.51 from $1.87 the prior quarter and free cash flow was negative $50.6M due to working‑capital investments and program ramps — a short‑term liquidity/earnings headwind to monitor. Press Release
• Negative Sentiment: Insider selling activity has been heavy in recent months (multiple executive sales reported), which can raise governance/market‑perception concerns even if for tax/liquidity reasons. Quiver Quant insider summary

Analysts Set New Price Targets

Several equities analysts recently commented on PLXS shares. Stifel Nicolaus set a $150.00 price objective on shares of Plexus in a research note on Friday, October 24th. Needham & Company LLC boosted their target price on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Plexus in a research report on Thursday, January 22nd. Benchmark raised their target price on Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $171.00.

Insider Transactions at Plexus

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $144.93, for a total value of $195,220.71. Following the completion of the sale, the chief accounting officer directly owned 21,544 shares of the company’s stock, valued at $3,122,371.92. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Oliver K. Mihm sold 2,327 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $143.18, for a total transaction of $333,179.86. Following the transaction, the chief operating officer directly owned 18,442 shares of the company’s stock, valued at $2,640,525.56. This trade represents a 11.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,674 shares of company stock worth $1,382,876. 1.78% of the stock is owned by insiders.

Institutional Trading of Plexus

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock worth $533,016,000 after acquiring an additional 22,374 shares during the period. American Century Companies Inc. raised its holdings in Plexus by 44.2% in the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after buying an additional 338,119 shares during the period. State Street Corp grew its stake in shares of Plexus by 2.3% in the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after buying an additional 24,115 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Plexus by 4.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock worth $132,434,000 after buying an additional 35,237 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Plexus by 1.5% during the third quarter. Northern Trust Corp now owns 340,964 shares of the technology company’s stock worth $49,334,000 after buying an additional 4,929 shares during the period. Institutional investors own 94.45% of the company’s stock.

Plexus Stock Up 3.4%

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 stock has a market cap of $5.00 billion, a PE ratio of 29.87 and a beta of 0.81. The firm has a fifty day moving average of $157.46 and a 200 day moving average of $145.04.

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.