PLXS
Plexus Corp.
PLXS's fundamentals are mixed: revenue grew 87%, but free cash flow fell 75%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
PLXS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Strong |
PLXS's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
PLXS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $122 | -42% |
| Forward | 20x | $211 | — |
| Fair | 21x | $144 | -32% |
| Current | 28x | $211 | — |
| Expensive | 31x | $211 | -0.1% |
Historical ranges are pointers, not guarantees.
PLXS's PE is 28x, but its earnings don't support one, so it isn't a reliable read right now.
PLXS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for PLXS, with profitability holding steady.
PLXS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.76 | +59% |
| Q2 2026 | $6.78 | +16% |
| Q1 2026 | $6.84 | +33% |
| Q4 2025 | $6.43 | +49% |
| Q3 2025 | $6.26 | +56% |
| Q2 2025 | $5.87 | +47% |
| Q1 2025 | $5.14 | +42% |
| Q4 2024 | $4.31 | -4.2% |
| Q3 2024 | $4.01 | -19% |
PLXS earned $6.78 per share over the past year, up 16% from the year before.
PLXS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3B | +28% |
| Q1 2026 | $1.2B | +19% |
| Q4 2025 | $1.1B | +9.6% |
| Q3 2025 | $4B | +273% |
| Q2 2025 | $1B | +2.8% |
| Q1 2025 | $980.2M | -1.7% |
| Q4 2024 | $976.1M | -3.2% |
| Q3 2024 | $1.1B | +2.6% |
PLXS's revenue has grown year over year for five quarters in a row: $1.3B last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 4.7% | -0.6 points |
| Q1 2026 | 5.3% | +0.3 points |
| Q4 2025 | 5.1% | +0.3 points |
| Q3 2025 | 1.3% | -3.7 points |
| Q2 2025 | 5.3% | +1.3 points |
| Q1 2025 | 5% | +2 points |
| Q4 2024 | 4.8% | +0.3 points |
| Q3 2024 | 5% | -0.1 points |
PLXS's operating margin was 4.7% last quarter, down 0.6 points from the same quarter a year ago.
PLXS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$754K | -106% |
| Q1 2026 | $16M | -3% |
| Q4 2025 | -$50.6M | -287% |
| Q3 2025 | $97.2M | -50% |
| Q2 2025 | $13.2M | -88% |
| Q1 2025 | $16.5M | -75% |
| Q4 2024 | $27.1M | +$58.8M |
| Q3 2024 | $193.8M | +196% |
PLXS usually generates cash, though not every quarter: the latest was −$754,000, but it generated $62M over the past year.
PLXS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -16K shares |
| 1 year | -0.9% | -238K shares |
| 3 years | -2.5% | -698K shares |
| 5 years | -6.1% | -1.8M shares |
| Available history | -12% | -3.8M shares |
PLXS has 27M diluted shares, down 0.9% from a year ago, with $86M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $20.6M |
| Q1 2026 | $21M |
| Q4 2025 | $22.4M |
| Q3 2025 | $21.5M |
| Q2 2025 | $18.4M |
| Q1 2025 | $12.5M |
| Q4 2024 | $12.8M |
| Q3 2024 | $19.5M |
PLXS spent $86M buying back its own shares over the past year, up 35% from the year before.
PLXS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -0.9x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -1.2x | Net Cash |
| Q4 2024 | -1.3x | Net Cash |
| Q3 2024 | -1.4x | Net Cash |
PLXS has more cash than debt.
PLXS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.6 | Neutral |
| Stochastic | 11.9 | Oversold |
PLXS's weekly RSI is 42 (neutral) and its Stochastic is 12 (oversold).
PLXS PE vs Technology Sector
| Metric | PLXS | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 28x | 1.9% above |
| PE % | 76 | 35 | 41 pts above |
PLXS is trading at 28x earnings, in line with the Technology sector's median of 28x, though its earnings don't support one.
PLXS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $232.1 | 9.2% below |
| 20 week MA | $246.1 | 14% below |
| 50 week MA | $227.5 | 7.3% below |
| 100 week MA | $182.2 | 16% above |
| 200 week MA | $144.6 | 46% above |
PLXS has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 46% above its 200-week average.
PLXS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $76.9 | $77.9 | +1.3% |
| 2021 | $77.9 | $95.2 | +22% |
| 2022 | $95.2 | $104.6 | +9.8% |
| 2023 | $104.6 | $108.1 | +3.4% |
| 2024 | $108.1 | $157.8 | +46% |
| 2025 | $157.8 | $154.2 | -2.3% |
| 2026 YTD | $154.2 | $210.8 | +37% |
PLXS has finished higher in five of the last six years. It's up 37% so far in 2026.