Plexus Corp Reports Strong Q1 2026 Earnings and Positive Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 29 Jan 26
Source: seekingalpha
Plexus Corp's stock rose by 6.46% as it reached a 52-week high, reflecting strong investor confidence.
The company reported Q1 2026 revenue of $1.07 billion, meeting guidance and showing a 10% year-over-year increase, alongside a stable gross margin of 9.9%. Plexus also raised its Q2 revenue guidance to between $1.11 billion and $1.15 billion, indicating strong market demand and program wins. This positive outlook, combined with increased capital spending guidance for fiscal 2026, showcases the company's confidence in future growth.
The strong earnings report and optimistic projections suggest that Plexus is well-positioned for continued success, despite broader market weakness.
Analyst Views on PLXS
Wall Street analysts forecast PLXS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLXS is 157.50 USD with a low forecast of 150.00 USD and a high forecast of 165.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 197.600
Low
150.00
Averages
157.50
High
165.00
Current: 197.600
Low
150.00
Averages
157.50
High
165.00
About PLXS
Plexus Corp. is focused on providing designing and developing, supplying chain solutions, new product introduction, manufacturing and sustaining services. It specializes in serving customers in industries with complex products and demanding regulatory environments. It offers life-saving medical devices and mission-critical aerospace and defense products to industrial automation systems and semiconductor capital equipment, and innovative solutions across the lifecycle of a product converge where advanced technology and human impact intersect. Its segments include Americas (AMER), Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions. Its design and development capabilities include mechanical engineering, electrical engineering, software engineering, quality and compliance engineering, and project management. Its supply chain capabilities include design for supply chain, supply chain risk management, and managing global, and complex supply chains.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
