Plexus (NASDAQ:PLXS) Releases Earnings Results, Beats Expectations By $0.19 EPS

Plexus (NASDAQ:PLXS) posted its quarterly earnings data on Wednesday. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.19, FiscalAI reports. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. Plexus’s revenue for the quarter was up 28.2% compared to the same quarter last year. Plexus updated its Q4 2026 guidance to 2.470-2.630 EPS.

Plexus Stock Performance

NASDAQ:PLXS traded up $1.04 during mid-day trading on Thursday, reaching $241.53. 355,837 shares of the company’s stock were exchanged, compared to its average volume of 335,982. Plexus has a one year low of $124.49 and a one year high of $307.06. 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 fifty day simple moving average is $273.93 and its two-hundred day simple moving average is $233.09. The firm has a market capitalization of $6.46 billion, a PE ratio of 35.31 and a beta of 0.88.

Insider Buying and Selling at Plexus

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $271.23, for a total transaction of $813,690.00. Following the sale, the insider directly owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. This represents a 22.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were 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 directly owned 74,888 shares in the company, valued at approximately $20,103,683.60. This represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,481 shares of company stock valued at $5,519,183 in the last three months. Corporate insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PLXS. AQR Capital Management LLC grew its position in Plexus by 103.1% in the 1st quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after purchasing an additional 4,255 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Plexus by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after buying an additional 705 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Plexus during the first quarter worth about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Plexus by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after acquiring an additional 9,078 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Plexus in the 2nd quarter worth about $309,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

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

Plexus News Summary

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Quarterly results beat expectations. Plexus reported fiscal Q3 revenue of approximately $1.30 billion, up 28.1% year over year and above analysts’ estimates. Non-GAAP EPS of $2.32 exceeded consensus estimates near $2.10-$2.13 and rose from $1.90 a year earlier. Plexus Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management provided strong fourth-quarter guidance. Plexus expects fiscal Q4 EPS of $2.47-$2.63, well above the roughly $2.09 analyst consensus, while revenue guidance of $1.3-$1.4 billion is consistent with expectations. The outlook suggests continued momentum from Industrial demand, program ramps and broad-based customer activity. Plexus Announces Fiscal Third Quarter Financial Results
• Positive Sentiment: Gross profit increased 27.2% to $131.4 million, operating profit rose 14.3% to $61.3 million, and cash and equivalents climbed 32.2% year over year to $314.1 million, supporting the company’s financial flexibility. Plexus Stock Rises on Q3 2026 Earnings
• Neutral Sentiment: The stock’s valuation remains demanding, with a price-to-earnings ratio above 34. Investors may require continued earnings beats and strong execution to justify the premium, even though some analyst price targets remain substantially above recent trading levels.
• Negative Sentiment: GAAP profitability was less impressive than the adjusted EPS headline. Net income attributable to common shareholders declined 4.7% year over year to $43.0 million, while diluted GAAP EPS fell to $1.58. This may have prompted some investors to take profits after the earnings release. Plexus Q3 Financial Data
• Negative Sentiment: Quiver Quantitative reported 43 insider sales and no insider purchases over the past six months, including substantial sales by senior executives. Although such transactions may reflect compensation or diversification, the activity can weigh on sentiment.

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.