Plexus (NASDAQ:PLXS) Announces Q1 2027 Earnings Guidance

Plexus (NASDAQ:PLXS) updated its first quarter 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.460-2.620 for the period, compared to the consensus estimate of 2.340. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion.

Plexus Stock Down 3.9%

Shares of NASDAQ PLXS opened at $207.96 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 0.05. Plexus has a 52 week low of $132.03 and a 52 week high of $307.06. The firm’s fifty day moving average is $246.75 and its 200 day moving average is $239.44. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 29.15 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Plexus had a net margin of 4.08% and a return on equity of 13.34%. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.14 EPS. On average, equities research analysts expect that Plexus will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price target on shares of Plexus in a research report on Friday, August 14th. Weiss Ratings cut Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective on the stock in a research report on Friday, July 31st. Finally, KeyCorp raised Plexus from a “sector weight” rating to an “overweight” rating and set a $300.00 target price on the stock in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $276.86.

Insiders Place Their Bets

In related news, Director Karen Rapp sold 500 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $240.87, for a total value of $120,435.00. Following the sale, the director directly owned 7,535 shares of the company’s stock, valued at $1,814,955.45. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $275.00, for a total value of $1,100,000.00. Following the completion of the transaction, the director owned 40,329 shares of the company’s stock, valued at approximately $11,090,475. This trade represents a 9.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 9,000 shares of company stock worth $2,319,260. Company insiders own 1.78% of the company’s stock.

Key Stories Impacting Plexus

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Plexus reported record fiscal 2026 revenue of $4.965 billion, up 23% year over year. Fourth-quarter revenue reached $1.427 billion, while adjusted EPS of $2.84 exceeded estimates near $2.55-$2.57. Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Management issued fiscal first-quarter 2027 adjusted EPS guidance of $2.46-$2.62, above the $2.34 consensus, and revenue guidance of $1.41-$1.46 billion, modestly ahead of the $1.4 billion estimate. Plexus Provides Earnings Guidance
• Positive Sentiment: The company won 36 manufacturing programs representing $290 million in annualized revenue at full ramp, expanded its qualified opportunity funnel to $4.9 billion, and raised its long-term non-GAAP operating-margin goal to 6.5%-7.0%.
• Positive Sentiment: Plexus authorized a new $100 million fiscal 2027 share-repurchase program after buying back $85 million of stock during fiscal 2026. It also expects at least $100 million of free cash flow in fiscal 2027.
• Neutral Sentiment: The stock’s decline appears to reflect profit-taking and elevated expectations after a substantial prior rally; the strong quarter and guidance were not enough to produce a positive reaction.
• Negative Sentiment: Adjusted operating-margin guidance of 6.0%-6.4% for the first quarter is below the 6.7% achieved in the latest quarter, potentially raising concerns about near-term margin normalization.
• Negative Sentiment: Fiscal-year free cash flow was negative $28.9 million because heavy investment and working-capital needs outweighed operating cash generation. The top 10 customers also represented 54% of fiscal-year revenue, increasing concentration risk.

About Plexus

Plexus Corp. is an electronics manufacturing services company that helps customers design, develop, manufacture and service complex electronic products. The company provides an integrated product-realization process spanning engineering and design, supply-chain management, manufacturing, testing, logistics and aftermarket services.

Plexus supports original equipment manufacturers in industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.