Reading PLXS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PLXS free→Reading PLXS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PLXS free→NASDAQInformation TechnologyElectronic ComponentsSnapshot 2026-06-16
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong. Earnings quality is fragile, and management's track record is neutral. The sector backdrop is a tailwind, and risk is moderate. Compared with sector peers, PLXS is typical in valuation. Peer multiples imply a price about 36% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $295.02. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $295 PLXS trades at 37× p/e — 1.3× the 29× p/e peer median, and above its own 21× history. The market is re-rating it beyond its own range; our $216 fair value is low-confidence here. Analysts: $250–$310. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 36% near-term growth, well above our forecast of about -51%. This describes what's priced in, not a forecast of the move.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
Over the trailing year it converted 0.92x of net income into operating cash flow. Historically, Information Technology names rated fragile grew net income 46% of the time over the next year (vs 65% for the rest of the cohort, n=2129).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $2.11 → $2.14 (+1.4% / 30d). 1 raised, 0 cut, 5 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 60% of analysts rate Buy.
2 PT revisions / 30d. Avg target 9.2% above current price.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$172.
How much price usually moves either way.
On a bad day, this stock has moved -$336.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,551.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Meeting or beating revenue goals shows strong demand and good operations.
Confirms:Q3 revenue reported at or above $1.200 billion.
Disproves:Q3 revenue reported below $1.200 billion.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for PLXS yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
No upside scenarios in the latest snapshot.
No downside scenarios in the latest snapshot.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Entry into a Material Definitive Agreement. On June 5, 2026, Plexus Corp. (the "Company") entered into a Second Amended and Restated Credit Agreement (the "Second Amended and Restated Credit Agreement") by and among the Company, certain of its subsidiaries from time to time party thereto as borrowers (together with the Company, collectively, the “Borrowers”), the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), which…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$250.00 – $310.00 (median $280.00) · 5 analysts · as of 2026-06-01
Looks more expensive than peers.
Richer than its own typical valuation.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
A side-by-side read on sector standing, valuation, and risk versus Electronic Manufacturing Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
PLXS Plexus Corp. | Typical Show detailsSector percentile: 63 of 100 | expensive | moderate |
TEL TE Connectivity | Above typical Show detailsSector percentile: 78 of 100 | inexpensive | moderate |
FLEX Flex Ltd. | Above typical Show detailsSector percentile: 81 of 100 | full | elevated |
JBL Jabil | Typical Show detailsSector percentile: 67 of 100 | full | moderate |
FN Fabrinet | Typical Show detailsSector percentile: 56 of 100 | expensive | elevated |
3 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
Not investment advice. As of 2026-06-16.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Aim to achieve revenue between $1.2 billion and $1.25 billion in the upcoming quarter.
Target non-GAAP EPS between $2.02 and $2.18 for the upcoming quarter.
Focus on sustaining robust cash flow from operating activities.
Why it matters: Earnings results will show how the company is doing. This is important during sector growth.
Confirms one read:Earnings per share (EPS) is higher than expected. This shows strong performance.
Confirms the other:Earnings did not meet expectations. This may mean problems with revenue or costs.
Why it matters: Hitting this EPS goal shows strong profits and good efficiency.
Confirms:Non-GAAP EPS reported at or above $2.02.
Disproves:Non-GAAP EPS reported below $2.02.
Why it matters: Strong cash flow supports growth plans and financial stability for Plexus.
Confirms one read:Cash flow from operations is higher than last quarter.
Confirms the other:Cash flow from operations is lower than last quarter.
Why it matters: A drop in revenue growth may mean a slowdown in the Information Technology sector. This could affect Plexus.
Confirms:Sector revenue growth is below its median. This may indicate a downturn.
Disproves:Sector revenue growth is above median. This suggests the market is still strong.
Why it matters: Strong free cash flow helps growth plans and rewards for shareholders.
Confirms:Free cash flow reported above $50 million for FY 2026.
Disproves:Free cash flow reported below $50 million for FY 2026.
Why it matters: The CFO's departure could impact financial strategy and investor confidence. A smooth transition is key.
Confirms one read:A new CFO was appointed. The market reacted positively.
Confirms the other:The market reacted negatively. This is due to uncertainty about the new CFO.
Why it matters: A smooth change helps keep financial reports and strategies steady.
Confirms one read:Financial reports show no big changes after the transition.
Confirms the other:Financial reports show problems after the CFO change.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Incorporated herein by reference to
Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On April 27, 2026, Patrick J. Jermain, the Executive Vice President and Chief Financial Officer of Plexus Corp. (“Plexus” or the “Company”), informed the Company of his intent to retire from his employment with the Company at midnight on July 31, 2026 (the "Retirement Date"). Mr. Jermain will continue in his role as Executive Vice President and Chief…
Results of Operations and Financial Condition. On April 29, 2026, Plexus Corp. (“we” or the “Company”) announced results for the fiscal second quarter ended April 4, 2026. A copy of the Company’s related press release is furnished as Exhibit 99.1 to this report.
Results of Operations and Financial Condition. On October 22, 2025, Plexus Corp. (“we” or the “Company”) announced results for the fiscal fourth quarter and year ended September 27, 2025. A copy of the Company’s related press release is furnished as Exhibit 99.1 to this report.