Plexus Corp. (PLXS) Stock Falls on Q2 2026 Earnings

Plexus Corp. (PLXS) reported second-quarter 2026 results with revenue of $1.16 billion, up 18.73% year‑over‑year. Net income rose 27.48% to $49.8 million, and diluted earnings per share were $1.82, a 29.08% increase versus the prior year.

Total revenue: $1.16 billion (+18.73% YoY)

Gross profit: $119.2 million (+21.92% YoY)

Operating profit: $61.8 million (+26.74% YoY)

Net income attributable to common shareholders: $49.8 million (+27.48% YoY)

Diluted EPS: $1.82 (+29.08% YoY)

Balance sheet and cash-flow highlights:

Cash from operating activities: $28.5 million (down 22.43% YoY)

Purchases of property, plant and equipment: $12.5 million (down 38.34% YoY)

Cash and cash equivalents: $303.1 million (down 2.38% YoY)

Total liabilities: $1.87 billion (up 7.91% YoY)

Against analyst expectations, Plexus slightly beat revenue forecasts but missed on EPS: revenue came in at $1.16 billion versus an estimate of $1.15 billion, while diluted EPS was $1.82 versus an estimate of $1.92. Shares moved about 4.55% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Plexus Corp. Insider Trading Activity

Plexus Corp. insiders have traded $PLXS stock on the open market 33 times in the past 6 months. Of those trades, 0 have been purchases and 33 have been sales.

Here’s a breakdown of recent trading of $PLXS stock by insiders over the last 6 months:

TODD P. KELSEY (President & CEO) has made 0 purchases and 12 sales selling 21,851 shares for an estimated $4,107,361.
DEAN A FOATE has made 0 purchases and 2 sales selling 15,000 shares for an estimated $3,074,467.
OLIVER K. MIHM (Exec VP & COO) has made 0 purchases and 4 sales selling 15,842 shares for an estimated $2,952,638.
PATRICK JOHN JERMAIN (Exec. VP & CFO) has made 0 purchases and 4 sales selling 12,749 shares for an estimated $2,473,559.
ANGELO MICHAEL JR NINIVAGGI (Exec VP, CAO, Gen Coun & Secy) has made 0 purchases and 3 sales selling 8,150 shares for an estimated $1,432,181.
VICTOR (PANG HAU) TAN (Regional President - APAC) has made 0 purchases and 2 sales selling 3,000 shares for an estimated $616,500.
MICHAEL J. RUNNING (Regional President - AMER) has made 0 purchases and 2 sales selling 1,626 shares for an estimated $333,584.
FRANK ZYCINSKI (Regional President - EMEA) sold 1,399 shares for an estimated $288,183
RANDY J MARTINEZ sold 1,000 shares for an estimated $203,140
KAREN MARIE RAPP has made 0 purchases and 2 sales selling 1,000 shares for an estimated $169,530.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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Plexus Corp. Hedge Fund Activity

We have seen 160 institutional investors add shares of Plexus Corp. stock to their portfolio, and 163 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AMERICAN CENTURY COMPANIES INC added 456,730 shares (+41.4%) to their portfolio in Q4 2025, for an estimated $67,139,310
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 382,017 shares (-74.3%) from their portfolio in Q4 2025, for an estimated $56,156,499
VICTORY CAPITAL MANAGEMENT INC added 197,283 shares (+130.0%) to their portfolio in Q4 2025, for an estimated $29,000,601
METLIFE INVESTMENT MANAGEMENT, LLC added 111,360 shares (+713.3%) to their portfolio in Q4 2025, for an estimated $16,369,920
BLACKROCK, INC. added 97,111 shares (+2.3%) to their portfolio in Q4 2025, for an estimated $14,275,317
BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. added 90,773 shares (+9.9%) to their portfolio in Q4 2025, for an estimated $13,343,631
PACER ADVISORS, INC. removed 81,311 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $11,952,717

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Plexus Corp. Government Contracts

We have seen $1,889,076 of award payments to $PLXS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

CHARLEVOIX SUPERFUND DEMOLITION AND EXCAVATION: $177,004
DLA-SM ESOHMS AUDIT BASE TASKS 1-5: $133,634
CERCLA SUPPORT-LAND USE CONTROL INSPECTION AND GROUNDWATER MONITORING FOR H-AREA LANDFILL CELLS (90) AT SAV...: $78,145

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Plexus Corp. Analyst Ratings

Wall Street analysts have issued reports on $PLXS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 01/30/2026
Benchmark issued a "Buy" rating on 01/30/2026

To track analyst ratings and price targets for Plexus Corp., check out Quiver Quantitative's $PLXS forecast page.

Plexus Corp. Price Targets

Multiple analysts have issued price targets for $PLXS recently. We have seen 3 analysts offer price targets for $PLXS in the last 6 months, with a median target of $220.0.

Here are some recent targets:

Ruben Roy from Stifel set a target price of $250.0 on 04/20/2026
David Williams from Benchmark set a target price of $220.0 on 03/16/2026
James Ricchiuti from Needham set a target price of $206.0 on 01/30/2026