analyzeportfolio
Nasdaq · Technology

PLEXUS CORP (PLXS)

As-reported financials and SEC filings for PLEXUS CORP. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About PLEXUS CORP

Plexus Corp designs, manufactures, and services complex products for customers in regulated industries. Its main offerings include product design and development, supply chain management, manufacturing, and sustaining services across the product lifecycle. The company serves clients globally in the Aerospace/Defense, Healthcare/Life Sciences, and Industrial sectors.

Snapshot

Revenue
$4.03B
Revenue growth (YoY)
1.8%
Net income
$172.9M
Diluted EPS
$6.26
Gross margin
10.1%
Operating margin
5.0%
Net margin
4.3%
FCF margin
3.8%
ROE
11.9%
net income / fiscal-year-end equity
P/E
36.3×
trailing when available, otherwise FY EPS
Market cap
$6.54B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 27, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Plexus

  • Revenue grew 1.8% to $4.0B in FY2025, after a 5.9% decline the year before.
  • Operating margin is 5.0% in FY2025, -0.2 pp against 5.2% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $1M, up 28.1% from Q3 FY2025.
  • Free cash flow was $154M in FY2025, 3.8% of revenue.
  • Net income rose 54.6% to $173M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Plexus’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin10.1%
6th percentile of 509
Operating margin5.0%
57th percentile of 563
Net margin4.3%
55th percentile of 577
FCF margin3.8%
33rd percentile of 544
Revenue growth (YoY)+1.8%
29th percentile of 616
ROE11.9%
68th percentile of 540
P/E36.3×
58th percentile of 330
Short interest3.04d
49th percentile of 622

Plexus’s gross margin of 10.1% ranks in the 6th percentile of the 509 Technology companies reporting it.

No reported insider purchases (code P) in the last 90 days; 12 insider sales totaling $2.6M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$160.6M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$32.3M107.3KReduced
D. E. ShawquantQ2 2026$29.0M96.4KReduced
First Eagle Investment ManagementQ2 2026$27.7M92.1KAdded
Citadel AdvisorsquantQ2 2026$21.2M70.4KAdded
AQR Capital ManagementquantQ2 2026$19.6M65.3KAdded
Renaissance TechnologiesquantQ2 2026$19.5M64.7KAdded
Two Sigma InvestmentsquantQ2 2026$11.1M36.8KReduced
Gotham Asset ManagementQ2 2026$366,5171.2KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
12
$2.6M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-31
filed 2026-09-01
Rapp Karen MarieDirectorSell500$240.87$120K
2026-08-19
filed 2026-08-20
Kelsey Todd P.President & CEOSell681$251.09$171K
2026-08-19
filed 2026-08-20
Kelsey Todd P.President & CEOSell500$252.23$126K
2026-08-19
filed 2026-08-20
Kelsey Todd P.President & CEOSell319$248.79$79K
2026-08-11
filed 2026-08-13
SCHROCK MICHAEL VDirectorSell4.0K$275.00$1.1M
2026-07-15
filed 2026-07-16
Kelsey Todd P.President & CEOSell1.0K$261.07$261K
2026-07-15
filed 2026-07-16
Kelsey Todd P.President & CEOSell500$260.51$130K
2026-06-17
filed 2026-06-18
Kelsey Todd P.President & CEOSell748$295.15$221K
2026-06-17
filed 2026-06-18
Kelsey Todd P.President & CEOSell352$296.09$104K
2026-06-17
filed 2026-06-18
Kelsey Todd P.President & CEOSell300$294.19$88K
2026-06-17
filed 2026-06-18
Kelsey Todd P.President & CEOSell100$292.11$29K
2026-06-05
filed 2026-06-08
Running Michael J.Regional President - AMERSell510$272.17$139K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
809.5K
settled 2026-08-14
Change vs prior
+9.5%
vs previous settlement
Days to cover
3.04
at avg daily volume
Avg daily volume
265.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14809.5K+9.5%3.04
2026-07-31739.0K-12.7%2.14
2026-07-15846.4K-7.3%2.95
2026-06-30913.4K+3.5%2.30
2026-06-15882.1K-0.7%2.83
2026-05-29888.4K-14.0%3.69
2026-05-151.0M-8.5%3.41
2026-04-301.1M-6.5%2.92

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.03B$3.96B$4.21B$3.81B$3.37B
Gross profit$406.5M$378.5M$394.6M$347.2M$323.3M
Operating income$202.4M$167.7M$195.8M$178.2M$176.3M
Net income$172.9M$111.8M$139.1M$138.2M$138.9M
Diluted EPS$6.26$4.01$4.95$4.86$4.76

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$306.5M$345.1M$256.2M$274.8M$270.2M
Current assets$2.40B$2.48B$2.67B$2.82B$1.93B
Total assets$3.14B$3.15B$3.32B$3.39B$2.46B
Current liabilities$1.52B$1.64B$1.81B$2.01B$1.13B
Long-term debt
Total liabilities$1.68B$1.83B$2.11B$2.30B$1.43B
Total equity$1.45B$1.32B$1.21B$1.10B$1.03B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$249.2M$436.5M$165.8M$-26.2M$142.6M
Capital expenditure$95.3M$95.2M$104.0M$101.6M$57.1M
Free cash flow$154.0M$341.3M$61.8M$-127.9M$85.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$1.3M28.1%$43.0M$1.58
Q2 FY2026$1.2M18.7%$49.8M$1.82
Q1 FY2026$1.1M9.6%$41.2M$1.51
Q4 FY2025$51.4M$1.87
Q3 FY2025$1.0M6.0%$45.1M$1.64
Q2 FY2025$980,1701.4%$39.1M$1.41
Q1 FY2025$976,122-0.7%$37.3M$1.34
Q4 FY2024$41.2M$1.48

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryPrinted Circuit Boards
Latest annual periodFY2025 (ended September 27, 2025)
Latest reported quarterQ3 FY2026 (ended July 4, 2026)
Oldest indexed filing2017
SEC CIK785786

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-24
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-06-08
View on EDGAR →
8-K2026-04-29
View on EDGAR →

Largest Technology peers

All Technology companies →

Monitor PLXS

Get an alert when Plexus files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor PLXS free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.