PLXS

MKT CAP:$7B

Plexus Corp.

Market Cap

$7B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$243.56+$91.33 (+59.99%)

Apr 22, 2026

Company Details

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and m...

CEO

Todd Kelsey

IPO Date

Feb 5, 1986

Website

www.plexus.com

Key Metrics TTM

Revenue

$4.1B

+4.4% YoY

Net Income

$177M

EPS (Diluted)

$6.43

Free Cash Flow

$76M

Revenue / Share

$150.89

Gross Margin

10.0%

Operating Margin

5.1%

Net Margin

4.3%

FCF Margin

1.8%

P/S

1.6x

P/E

38.5x

Earnings Reports

Q1 2026

Feb 5, 2026

$1.1B+9.6%EPS $1.51

FY 2025

Nov 14, 2025

$4.0B+1.8%EPS $6.26

Q4 2025

Nov 14, 2025

$1.1B+0.7%EPS $1.87

Q3 2025

Aug 1, 2025

$1.0B+6.0%EPS $1.64

Q2 2025

May 2, 2025

$980M+1.4%EPS $1.41

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$889M	$77M	$36M
Q3 22	$981M	$94M	$50M
Q4 22	$1.1B	$107M	$62M
Q1 23	$1.1B	$101M	$57M
Q2 23	$1.1B	$103M	$57M
Q3 23	$1.0B	$94M	$28M
Q4 23	$1.0B	$97M	$53M
Q1 24	$983M	$88M	$45M
Q2 24	$967M	$88M	$29M
Q3 24	$961M	$94M	$39M
Q4 24	$1.1B	$108M	$54M
Q1 25	$976M	$101M	$47M
Q2 25	$980M	$98M	$49M
Q3 25	$1.0B	$103M	$54M
Q4 25	$1.1B	$105M	$53M
Q1 26	$1.1B	$106M	$54M

Valuation

Quarter	P/S	P/E
Q2 22	2.0x	61.2x
Q3 22	1.9x	56.2x
Q4 22	1.8x	49.2x
Q1 23	1.7x	43.4x
Q2 23	1.6x	39.8x
Q3 23	1.6x	45.6x
Q4 23	1.6x	48.9x
Q1 24	1.7x	54.0x
Q2 24	1.7x	67.1x
Q3 24	1.7x	61.4x
Q4 24	1.7x	60.9x
Q1 25	1.7x	56.8x
Q2 25	1.7x	47.7x
Q3 25	1.7x	41.8x
Q4 25	1.7x	39.4x
Q1 26	1.6x	38.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$84M	$53M
Q3 22	-$21M	-$42M
Q4 22	-$392.0K	-$17M
Q1 23	-$49M	-$72M
Q2 23	$106M	$80M
Q3 23	$19M	-$11M
Q4 23	$90M	$66M
Q1 24	-$3M	-$32M
Q2 24	$88M	$65M
Q3 24	$132M	$114M
Q4 24	$220M	$194M
Q1 25	$54M	$27M
Q2 25	$37M	$16M
Q3 25	$27M	$13M
Q4 25	$132M	$97M
Q1 26	-$15M	-$51M

Capital Expenditures

Quarter	CapEx
Q2 22	$31M
Q3 22	$21M
Q4 22	$17M
Q1 23	$23M
Q2 23	$26M
Q3 23	$30M
Q4 23	$24M
Q1 24	$29M
Q2 24	$23M
Q3 24	$17M
Q4 24	$26M
Q1 25	$27M
Q2 25	$20M
Q3 25	$14M
Q4 25	$35M
Q1 26	$35M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+0.9%	+2.7%
Q3 22	+20.5%	+19.8%
Q4 22	+33.3%	+32.5%
Q1 23	+33.8%	+31.7%
Q2 23	+20.5%	+18.9%
Q3 23	+4.1%	+6.6%
Q4 23	-8.9%	-8.6%
Q1 24	-10.2%	-9.6%
Q2 24	-9.7%	-7.5%
Q3 24	-6.0%	-7.2%
Q4 24	+2.6%	+2.7%
Q1 25	-0.7%	-0.9%
Q2 25	+1.4%	-0.6%
Q3 25	+6.0%	+4.7%
Q4 25	+0.7%	+0.9%
Q1 26	+9.6%	+9.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$6M	0.7%
Q3 22	$6M	0.6%
Q4 22	$5M	0.5%
Q1 23	$6M	0.5%
Q2 23	$6M	0.5%
Q3 23	$4M	0.4%
Q4 23	$6M	0.6%
Q1 24	$5M	0.5%
Q2 24	$8M	0.8%
Q3 24	$7M	0.7%
Q4 24	$11M	1.0%
Q1 25	$7M	0.7%
Q2 25	$8M	0.8%
Q3 25	$8M	0.8%
Q4 25	$8M	0.7%
Q1 26	$8M	0.7%

OpEx Breakdown

Quarter	SG&A
Q2 22	$41M
Q3 22	$44M
Q4 22	$45M
Q1 23	$44M
Q2 23	$46M
Q3 23	$42M
Q4 23	$43M
Q1 24	$43M
Q2 24	$48M
Q3 24	$46M
Q4 24	$54M
Q1 25	$49M
Q2 25	$49M
Q3 25	$50M
Q4 25	$52M
Q1 26	$52M

Revenue Segments

Quarter	Americas Segment	Asia Pacific Segment	EMEA Segment
Q2 22	$311M	$534M	$74M
Q3 22	$343M	$586M	$84M
Q1 23	$390M	$642M	$89M
Q2 23	$408M	$587M	$102M
Q3 23	$371M	$572M	$104M
Q4 23	$389M	$557M	$107M
Q1 24	$334M	$552M	$122M
Q2 24	$322M	$521M	$155M
Q3 24	$332M	$522M	$137M
Q4 24	$335M	$618M	$128M
Q1 25	$274M	$607M	$101M
Q2 25	$295M	$587M	$103M
Q3 25	$312M	$594M	$117M
Q4 25	$336M	$605M	$119M
Q1 26	$345M	$612M	$118M

Revenue by Geography

Quarter	Americas Segment	Asia Pacific Segment	EMEA Segment
Q1 23	$390M	$642M	$89M
Q2 23	$408M	$587M	$102M
Q3 23	$371M	$572M	$104M
Q4 23	$389M	$557M	$107M
Q1 24	$334M	$552M	$122M
Q2 24	$322M	$521M	$155M
Q3 24	$332M	$522M	$137M
Q4 24	$335M	$618M	$128M
Q1 25	$274M	$607M	$101M
Q2 25	$295M	$587M	$103M
Q3 25	$312M	$594M	$117M
Q4 25	$336M	$605M	$119M
Q1 26	$345M	$612M	$118M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$308M	$0	$308M
Q3 22	$277M	$0	$277M
Q4 22	$275M	$0	$275M
Q1 23	$248M	$0	$248M
Q2 23	$270M	$0	$270M
Q3 23	$253M	$0	$253M
Q4 23	$256M	$0	$256M
Q1 24	$232M	$0	$232M
Q2 24	$265M	$0	$265M
Q3 24	$270M	$0	$270M
Q4 24	$345M	$0	$345M
Q1 25	$317M	$0	$317M
Q2 25	$311M	$0	$311M
Q3 25	$238M	$0	$238M
Q4 25	$307M	$0	$307M
Q1 26	$249M	$0	$249M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	28M	-1.0%	-3.0%
Q3 22	28M	-0.9%	-3.1%
Q4 22	28M	+0.4%	-1.7%
Q1 23	28M	+0.0%	-1.4%
Q2 23	28M	-0.4%	-0.9%
Q3 23	28M	-0.7%	-0.7%
Q4 23	28M	-0.1%	-1.1%
Q1 24	28M	+0.1%	-1.0%
Q2 24	28M	-0.3%	-0.9%
Q3 24	28M	-0.6%	-0.8%
Q4 24	28M	+0.1%	-0.7%
Q1 25	28M	-0.1%	-0.9%
Q2 25	28M	-0.4%	-1.0%
Q3 25	28M	-0.5%	-0.8%
Q4 25	27M	-0.3%	-1.2%
Q1 26	27M	-0.3%	-1.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$46.3K	19K
Q3 22	$51.1K	19K
Q4 22	$58.5K	19K
Q1 23	$43.8K	25K
Q2 23	$42.8K	25K
Q3 23	$40.9K	25K
Q4 23	$41.0K	25K
Q1 24	$39.3K	25K
Q2 24	$38.7K	25K
Q3 24	$38.4K	25K
Q4 24	$52.5K	20K
Q1 25	$48.8K	20K
Q2 25	$49.0K	20K
Q3 25	$50.9K	20K
Q4 25	$52.9K	20K
Q1 26	$53.5K	20K

Revenue / Employee