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Friday 6 November 2026
Export PLXS’s income statement to Excel — free account
Plexus Corp.
PLXS Technology Electronic Components
Plexus Corp.’s revenue for fiscal 2026 (year ended September 2026) was $5.0 billion, up 23.1% from fiscal 2025.
- Revenue
- +34.8%
- EPS
- +34.7%
- Free cash flow
- −93.4%
- Total debt
- +89.3%
Quarter to September 2026, against a year earlier
189.03
17.69
−8.56%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 2,528 | 2,874 | 3,164 | 3,390 | 3,369 | 3,811 | 4,210 | 3,961 | 4,033 | 4,965 | +7.8% | 5,872 | 6,423 | — | +13.7% | |
| Gross margin, % | 10.12 | 8.96 | 9.22 | 9.22 | 9.60 | 9.11 | 9.37 | 9.56 | 10.08 | 10.12 | 0.0 pt | ||||||
| EBT | 122 | 108 | 126 | 135 | 160 | 158 | 161 | 130 | 188 | 246 | +8.1% | ||||||
| EBT margin, % | 4.82 | 3.74 | 3.98 | 3.99 | 4.76 | 4.15 | 3.82 | 3.27 | 4.66 | 4.95 | +0.1 pt | ||||||
| Net income | 112 | 13 | 109 | 117 | 139 | 138 | 139 | 112 | 173 | 202 | +6.8% | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 75.21 | 87.07 | 104.54 | 116.13 | 117.90 | 136.79 | 152.65 | 144.57 | 149.16 | 185.83 | +10.6% | |||||
| Earnings | 3.33 | 0.40 | 3.59 | 4.02 | 4.86 | 4.96 | 5.04 | 4.08 | 6.39 | 7.58 | +9.6% | ||||||
| Cash flow | 5.11 | 2.03 | 3.81 | 7.21 | 4.99 | (0.94) | 6.01 | 15.93 | 9.22 | 2.55 | (7.4%) | ||||||
| Capex | (1.13) | (1.89) | (2.99) | (1.72) | (2.00) | (3.65) | (3.77) | (3.47) | (3.52) | (3.64) | +13.9% | ||||||
| Free cash flow | 3.98 | 0.14 | 0.82 | 5.49 | 2.99 | (4.59) | 2.24 | 12.46 | 5.69 | (1.08) | n/m | ||||||
| Book value | 30.52 | 27.91 | 28.59 | 33.48 | 35.98 | 39.33 | 44.03 | 48.36 | 53.80 | 58.88 | +7.6% | ||||||
| Shares, m | 34 | 33 | 30 | 29 | 29 | 28 | 28 | 27 | 27 | 27 | (2.5%) | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 17.11 | 110.79 | 17.32 | 17.57 | 18.44 | 17.62 | 18.48 | 33.43 | 22.61 | 34.42 | 30.8 | |||||
| P/S | 0.76 | 0.66 | 0.60 | 0.61 | 0.76 | 0.64 | 0.61 | 0.95 | 0.97 | 1.40 | 0.8 | ||||||
| P/B | 1.87 | 2.06 | 2.19 | 2.11 | 2.48 | 2.23 | 2.12 | 2.83 | 2.69 | 4.42 | 2.5 | ||||||
| EV/Sales | 0.66 | 0.62 | 0.62 | 0.59 | 0.75 | 0.69 | 0.65 | 0.92 | 0.93 | 1.40 | 0.8 | ||||||
| EV/FCF | 12.39 | 390.55 | 79.11 | 12.53 | 29.69 | (20.54) | 44.49 | 10.68 | 24.31 | (239.47) | 34.4 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | 172 | 67 | 115 | 210 | 143 | (26) | 166 | 437 | 249 | 68 | (9.8%) | |||||
| Capex | (38) | (62) | (91) | (50) | (57) | (102) | (104) | (95) | (95) | (97) | +11.0% | ||||||
| Free cash flow | 134 | 5 | 25 | 160 | 85 | (128) | 62 | 341 | 154 | (29) | n/m | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | 710 | 779 | 673 | 776 | 802 | 810 | 860 | 834 | 880 | 952 | +3.3% | |||||
| Net debt | (256) | (109) | 62 | (53) | (17) | 186 | 174 | (100) | (169) | (20) | (24.5%) | ||||||
| Shareholders’ equity | 1,026 | 921 | 866 | 977 | 1,028 | 1,096 | 1,214 | 1,325 | 1,455 | 1,573 | +4.9% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | 5.99 | 0.67 | 5.52 | 5.48 | 5.85 | 4.72 | 4.14 | 3.45 | 5.50 | 5.73 | (0.3) pt | |||||
| ROIC | 10.55 | 9.10 | 9.57 | 10.37 | 10.90 | 8.69 | 8.81 | 8.56 | 9.84 | 10.62 | +0.1 pt | ||||||
| ROE | 11.54 | 1.34 | 12.16 | 12.75 | 13.85 | 13.02 | 12.04 | 8.81 | 12.44 | 13.38 | +1.8 pt | ||||||
| People | |||||||||||||||||
| People | Employees | 16,000 | 18,000 | 19,000 | 19,500 | 19,200 | 25,000 | 25,000 | 20,000 | 20,000 | — | +2.8% | |||||
| Revenue/emp, $m | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.15 | 0.17 | 0.20 | 0.20 | 0.00 | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| APAC | 2,393 | 59.33% |
|---|---|---|
| AMER | 1,216 | 30.16% |
| EMEA | 440 | 10.91% |
| Gross margin | 10.08% | |
| Operating margin | 5.02% | |
| Pre-tax margin | 4.66% |
Plexus Corp. vs peers in Electronic Components (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LFUS Littelfuse, Inc. | $8.9B | 259× | 23.3× | +22.75% (above 0%: growing) | +62.22% (above 0%: growing) | +57.67% (above 0%: growing) | 41.55% | 20.00% | Compare |
| SANM Sanmina Corporation | $7.0B | 23.0× | 23.5× | +69.67% (above 0%: growing) | +69.53% (above 0%: growing) | −85.58% (below 0%: shrinking) | 10.49% | 6.39% | Compare |
| RAL Ralliant Corporation | $7.0B | — (loss-making) | 31.4× | +17.20% (above 0%: growing) | +122.03% (above 0%: growing) | −19.51% (below 0%: shrinking) | 53.15% | 18.95% | Compare |
| TTMI TTM Technologies, Inc. | $6.6B | 24.7× | 23.2× | +59.93% (above 0%: growing) | +56.86% (above 0%: growing) | +75.69% (above 0%: growing) | 24.24% | 13.48% | Compare |
| VICR Vicor Corporation | $6.2B | 34.8× | 48.0× | +78.51% (above 0%: growing) | +117.46% (above 0%: growing) | −1.05% (below 0%: shrinking) | 68.33% | 36.60% | Compare |
| PLXS Plexus Corp. | $5.0B | 24.9× | 29.9× | +34.79% (above 0%: growing) | +34.66% (above 0%: growing) | −93.43% (below 0%: shrinking) | 10.23% | 6.05% | |
| OLED Universal Display Corporation | $3.9B | 17.8× | 19.2× | +14.91% (above 0%: growing) | +85.55% (above 0%: growing) | +13.75% (above 0%: growing) | 73.15% | 33.48% | Compare |
| OSIS OSI Systems, Inc. | $3.0B | 20.5× | 18.7× | +4.90% (above 0%: growing) | +30.97% (above 0%: growing) | +274.38% (above 0%: growing) | 30.68% | 8.32% | Compare |
| BELFB Bel Fuse Inc. | $2.8B | 46.4× | 30.7× | +23.20% (above 0%: growing) | +3.95% (above 0%: growing) | +25.93% (above 0%: growing) | 40.94% | 17.94% | Compare |
| Median of peers | $6.4B | 24.7× | 23.4× | +22.98% | +65.88% | +19.84% | 41.25% | 18.45% |
From the latest earnings call
- On the fiscal third-quarter call, Todd Kelsey said Plexus was adding capacity in Penang, Malaysia, while considering when other regions might need expansion.
- On the fiscal third-quarter call, David Abuhl said Plexus was working with customers on component forecasts as parts of the supply chain tightened.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
100.46%
Held by the ten largest
58.03%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 4.36m | 16.35% | +87.10k |
| Vanguard | 3.56m | 13.33% | −127.47k |
| DISCIPLINED GROWTH INVESTORS INC /MN | 1.44m | 5.40% | −53.68k |
| American Century | 1.18m | 4.44% | −378.21k |
| State Street | 1.10m | 4.11% | +47.38k |
| Dimensional Fund Advisors | 832.84k | 3.12% | −286.53k |
| Geode Capital Management | 801.52k | 3.00% | +121.49k |
| BNP Paribas | 776.73k | 2.91% | −158.15k |
| FULLER & THALER ASSET MANAGEMENT, INC. | 732.40k | 2.75% | +143.62k |
| T. Rowe Price | 699.26k | 2.62% | +537.01k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 22 December 2025
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 10.84m | 14.96m | 202.00 |
| 2024 | 8.39m | 18.25m | 192.00 |
| 2023 | 9.13m | 10.33m | 131.00 |
| 2022 | 7.44m | 8.04m | 123.00 |
| 2021 | 7.62m | 12.90m | 128.00 |
Ownership
Directors and executive officers, together
1.78%
BlackRock, Inc.2
15.41%
The Vanguard Group, Inc.3
13.77%
Disciplined Growth Investors, Inc.4
8.11%
Dimensional Fund Advisors LP5
5.29%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Plexus Corp. (PLXS) Latest News
30 Oct
29 Oct
28 Oct
5 Aug
3 Aug
PLXS metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Plexus helps other companies design, manufacture and service complex products. Its customers operate in healthcare and life sciences, aerospace and defense, and industrial markets. Their products include medical devices, aerospace and defense equipment, industrial automation systems and semiconductor capital equipment.
The company can work across a product’s life, from early design through production and, later, repair or refurbishment. For example, its engineers can help develop a product, its supply-chain team can source components, and its manufacturing facilities can assemble the finished item. After a product reaches the market, Plexus can manage spare parts, repair it or recover parts at the end of its life.