Plexus Corp. (PLXS)

Plexus Corp. stock has experienced significant positive momentum, increasing by over 100% in the past year. Key events include strong financial results with record revenue and EPS, improved revenue guidance for fiscal year 2026, and record new manufacturing program wins. Analyst upgrades have followed strong performance. There have been insider stock sales, including the CEO selling shares. A CFO transition was announced. Operating cash flow weakened in Q2 2026, resulting in negative free cash flow due to higher inventories and working capital uses.

Plexus's demand is driven by program lifecycles and market sector conditions rather than broad seasonal patterns. Recent quarters have shown strong demand trends and improving conditions across its end markets. Management expects this momentum to continue, driven by program ramps and market share gains. The ramp-up period for new programs can vary significantly. Growth recovery depends on factors like the rebound in semiconductor capital equipment demand and program ramps in the industrial equipment subsector.

Plexus Corp. is a global leader in electronics manufacturing services, providing design, manufacturing, and aftermarket services. They partner with market-leading companies in Aerospace/Defense, Healthcare/Life Sciences, and Industrial sectors, offering services across the entire product lifecycle. Their major products and services include solutions for medical devices, industrial automation, avionics systems, communications, and semiconductor capital equipment.

Plexus has a global presence with operations in North America, Asia-Pacific, and EMEA, maintaining 26 facilities worldwide. Its global headquarters is in Neenah, Wisconsin, USA. Key production sites are located in North America, Asia-Pacific, and Europe. The majority of Plexus's revenue comes from the APAC segment.

Plexus Corp. maintains a positive brand reputation, characterized by innovation and customer satisfaction. The company focuses on designing, manufacturing, and servicing transformative products. There have been no significant negative events reported. The company emphasizes its commitment to sustainability, innovation, and quality.

Plexus Corp.'s ownership is predominantly institutional, with major shareholders including BlackRock and Vanguard, holding approximately 27.7% of outstanding shares. Insider ownership is relatively small, representing about 1.50% to 3.48% of the company's stock.