Plexus Corp. (PLXS) AI Stock Analysis

Plexus Corp., along with its subsidiaries, specializes in delivering comprehensive electronic manufacturing services across the globe. Headquartered in Neenah, Wisconsin, the company caters to diverse industries including healthcare/life sciences, industrial/commercial, aerospace/defense, and communications. Plexus provides end-to-end solutions encompassing design, development, supply chain management, new product introduction, and manufacturing services. These offerings are complemented by sustaining services aimed at enhancing operational efficiency. The company supports clients throughout the entire product lifecycle, from initial concept design to full-scale production and beyond, while maintaining a strong commitment to quality management and regulatory compliance across its operations.

Plexus generated revenue of $4.03B in FY2025, up 1.8% from $3.96B in FY2024, following a 5-year revenue CAGR of 3.5% from FY2020 to FY2025. Gross margin expanded to 10.1% in FY2025 from 9.6% in FY2024, while operating margin improved to 5.0%. Net income climbed to $172.9M, yielding EPS of $7.43. Free cash flow totaled $154.0M in FY2025, compared to $341.3M in FY2024. Over the trailing twelve months, revenue reached $4.60B with an operating margin of 4.7% and EPS of $6.77. In the latest quarter ended June 30, 2026, quarterly revenue expanded 28.1% year-over-year, while quarterly earnings declined 3.7%.

As of June 30, 2026, Plexus held $314.1M in cash and short-term investments against total debt of $299.3M, resulting in net cash of $14.7M. Shareholders' equity stood at $1.53B, supported by a current ratio of 1.49 and a debt-to-equity ratio of 0.20. In FY2025, operating cash flow reached $249.2M, which funded capital expenditures of $95.3M and share buybacks of $65.3M. Over the trailing five years, the company reduced its share count by 4.7%.

Plexus carries a market cap of $6.14B and an enterprise value of $6.53B. The stock trades at a trailing P/E of 34.0x and a forward P/E of 24.2x, both above the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its price-to-sales ratio of 1.3x trades below the peer median of 2.8x, while EV/EBITDA of 21.5x sits above the peer median of 16.6x. Over the past year, PLXS returned 53.3%, outperforming the S&P 500 (SPY) return of 16.8%. Over five years, the stock returned 146.6% compared to 83.0% for the index.

Wall Street analysts track Plexus with 3 Strong Buy, 2 Buy, and 0 Hold, Sell, or Strong Sell ratings. The mean price target is $304.60, representing 32.2% upside from the last close of $230.47. For the fiscal year ending September 30, 2026, consensus estimates project revenue of $4.90B and EPS of $8.69, reflecting 17.0% EPS growth. For the following fiscal year, 5 analysts expect revenue of $5.63B and EPS of $10.12. Plexus beat EPS estimates in each of the last 4 quarters, with its next earnings report scheduled for October 28, 2026.

This page is an AI-written research summary of Plexus Corp. (PLXS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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