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Plexus Corp

Plexus Corp

PLXS
$255.34USD↑+3.40%+8.40 today

MARKET CAP

6.8B

P/E (TTM)

37.3x

FWD P/E

—

DAY RANGE

$250 – $257

52W RANGE

$132
$307

AI Summary

Stalk
Sell NowMedium

Despite evidence of selling exhaustion, PLXS remains in a Stage 4 decline under the 9/20/50 EMA band. Price rejection at these moving averages and a confirmed Bearish Pivot Point underscore medium-term bearish momentum. While the long-term trend remains supported by the rising 200-day SMA, short-term conditions favor immediate bearish execution into resistance. We sell now on strength around the EMA cluster, targeting further downside toward major support.

  • ↑Q3 revenue $1.305B (+28% YoY) and EPS $2.32 beat estimates
  • ↑Operating margin improved to 6.3% on effective cost management
  • ↓Tight supply chain may hamper production scaling and cost control
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The case for & against

Bull & Bear analysis

Bullish

Plexus Corp. (NASDAQ: PLXS) is a leading provider in the electronic manufacturing services sector, specializing in complex product solutions for industries such as aerospace, defense, healthcare, and industrial markets. Having carved out a significant presence, Plexus operates at the intersection of operational efficiency and innovation, addressing market dynamics with expertise in engineering solutions. The strategic focus on high-demand sectors fuels growth potential amid evolving technological advancements, positioning the company favorably within the current industry landscape.

Bull says

  • ↑Q3 revenue $1.305B (+28% YoY) and EPS $2.32 beat estimates
  • ↑Operating margin improved to 6.3% on effective cost management
  • ↑Announced $100M share buyback underscores confidence in valuation
  • ↑Secured 31 new programs worth $255M, boosting future revenue
  • ↑Guidance targets >20% revenue growth for fiscal 2026
  • ↑Strong price momentum and positive analyst revisions support upside

Bear says

  • ↓Tight supply chain may hamper production scaling and cost control
  • ↓High leverage increases funding risk during rate hikes
  • ↓Demand from Boeing and Airbus remains unpredictable
  • ↓Higher incentive compensation could compress operating margins
  • ↓Weak valuation factors and low dividend yield limit returns
  • ↓Elevated short interest reflects investor skepticism

Earnings Call · Q3 2025 · Mgmt. Guidance

Updated 08-02-2026bullish

Transcript signals

Bull points

  • revenue increased 6% sequentially in the fiscal third quarter, meeting our expectation of a mid single digit increase
  • Our wins for the fiscal third quarter for the aerospace and defense sector were $51 million, the best in more than two years and nearly a record result
  • Strength of execution yielded a number of follow-on awards and new programs with existing customers in our defense and space sub-sectors, supporting a robust growth outlook for fiscal 2026

Bear points

  • Below our expectation of a mid single digit increase.
  • Our fiscal fourth quarter outlook for the industrial sector is a low single digit increase affected by demand pushouts in our semi-cap subsector.
  • Fiscal fourth quarter gross margin is expected to be in the range of 9.8 to 10.1%. At the midpoint gross margin would be slightly lower than last quarter.
Read full transcript analysis ›