PLEXUS CORP (PLXS) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does PLEXUS CORP Do?
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 manufacturing solutions, as well as aftermarket services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors. Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin. PLEXUS CORP (PLXS) is classified as a mid-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Todd P. Kelsey and employs approximately 25,000 people, headquartered in Neenah, Wisconsin. With a market capitalization of $5.6B, PLXS is one of the notable companies in the Technology sector.
PLEXUS CORP (PLXS) Stock Rating — Hold (April 2026)
As of April 2026, PLEXUS CORP receives a Hold rating with a composite score of 37.8/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.PLXS ranks #1,474 out of 4,446 stocks in our coverage universe. Within the Technology sector, PLEXUS CORP ranks #164 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
PLXS Stock Price and 52-Week Range
PLEXUS CORP (PLXS) currently trades at $227.58. The stock gained $4.21 (1.9%) in the most recent trading session. The 52-week high for PLXS is $211.84, which means the stock is currently trading 7.4% from its annual peak. The 52-week low is $103.43, putting the stock 120.0% above its annual trough. Recent trading volume was 263K shares, suggesting relatively thin trading activity.
Is PLXS Overvalued or Undervalued? — Valuation Analysis
PLEXUS CORP (PLXS) carries a value factor score of 42/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 36.09x, compared to the Technology sector average of 45.27x — a discount of 20%. The price-to-book ratio stands at 3.96x, versus the sector average of 3.16x. The price-to-sales ratio is 1451.30x, compared to 1.06x for the average Technology stock. On an enterprise value basis, PLXS trades at 28.81x EV/EBITDA, versus 12.79x for the sector. The EV/EBIT multiple is 26.38x.
Overall, PLXS's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
PLEXUS CORP Profitability — ROE, Margins, and Quality Score
PLEXUS CORP (PLXS) earns a quality factor score of 10/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 11.0%, compared to the Technology sector average of -1.4%, which is within a healthy range. Return on assets (ROA) comes in at 5.1% versus the sector average of -1.0%.
On a margin basis, PLEXUS CORP reports gross margins of 10088.1%, compared to 50.9% for the sector. The operating margin is 5033.4% (sector: -0.5%). Net profit margin stands at 4021.0%, versus -1.5% for the average Technology stock. Revenue growth is running at -99.9% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
PLXS Debt, Balance Sheet, and Financial Health
PLEXUS CORP has a debt-to-equity ratio of 115.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.59x, suggesting adequate working capital coverage. Total debt on the balance sheet is $158M.
PLXS has a beta of 0.93, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for PLEXUS CORP is 57/100, reflecting average volatility within the normal range for its sector.
PLEXUS CORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, PLEXUS CORP reported revenue of $4M and earnings per share (EPS) of $1.54. Net income for the quarter was $163M. Gross margin was 10088.1%. Operating income came in at $204M.
In Q1 2026, PLEXUS CORP reported revenue of $1M and earnings per share (EPS) of $1.54. Net income for the quarter was $41M. Gross margin was 9920.8%. Revenue grew 9.6% year-over-year compared to Q1 2025. Operating income came in at $54M.
In FY 2025, PLEXUS CORP reported revenue of $4.03B and earnings per share (EPS) of $6.39. Net income for the quarter was $173M. Gross margin was 10.1%. Revenue grew -1.1% year-over-year compared to FY 2024. Operating income came in at $202M.
In Q3 2025, PLEXUS CORP reported revenue of $1M and earnings per share (EPS) of $1.67. Net income for the quarter was $45M. Gross margin was 10143.1%. Revenue grew -99.9% year-over-year compared to Q3 2024. Operating income came in at $54M.
Over the past 8 quarters, PLEXUS CORP has experienced revenue contraction from $991M to $4M. Investors analyzing PLXS stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
PLXS Dividend Yield and Income Analysis
PLEXUS CORP (PLXS) does not currently pay a dividend. This is common among smaller companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
PLXS Momentum and Technical Analysis Profile
PLEXUS CORP (PLXS) has a momentum factor score of 68/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 40/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 19/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
PLXS vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, PLEXUS CORP (PLXS) ranks #164 out of 584 stocks based on the Blank Capital composite score. This places PLXS in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing PLXS against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PLXS vs S&P 500 (SPY) comparison to assess how PLEXUS CORP stacks up against the broader market across all factor dimensions.
PLXS Next Earnings Date
No upcoming earnings date has been announced for PLEXUS CORP (PLXS) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy PLXS? — Investment Thesis Summary
PLEXUS CORP presents a balanced picture with arguments on both sides. The quality score of 10/100 flags below-average profitability. Price momentum is positive at 68/100, suggesting the trend favors buyers.
In summary, PLEXUS CORP (PLXS) earns a Hold rating with a composite score of 37.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PLXS stock.
Related Resources for PLXS Investors
Explore more research and tools: PLXS vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PLXS head-to-head with peers: PLXS vs IHS, PLXS vs VRSN, PLXS vs ESE.