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Plexus Corp.: Business Overview, Financials & Competitive Analysis

Plexus Corp. scores 7/10 on the AskCyborg Cyborg Score (Strong). High-quality electronics manufacturing specialist with strong end-market demand and record aerospace wins, offset by near-term working capital pressures and execution-dependent margin expansion. Plexus reported Q1 fiscal 2026 revenue of $1.07 billion, representing 10% growth compared to the same period last year. The qualified manufacturing funnel remains robust at $3.59 billion.

What is Plexus Corp.'s industry? Plexus Corp. (plexus.com) operates in Electronics Manufacturing Services (EMS) / Contract Manufacturing. AskCyborg classifies Plexus Corp. under Electronics Manufacturing Services (EMS) / Contract Manufacturing in its company registry.

Plexus designs, manufactures, and services complex products in demanding regulatory environments, supporting life-saving medical devices, mission-critical aerospace and defense products, and industrial automation syst...

7/ 10Strong

Cyborg Score thesis

High-quality electronics manufacturing specialist with strong end-market demand and record aerospace wins, offset by near-term...

Read the full analyst-debate transcript →
Industry Electronics Manufacturing Services (EMS) / Contract Manufacturing
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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What's in This Report
Plexus Corp. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Plexus Corp. Overview

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Plexus designs, manufactures, and services complex products in demanding regulatory environments, supporting life-saving medical devices, mission-critical aerospace and defense products, and industrial automation systems with integrated lifecycle solutions spanning design, supply chain, manufacturing, and sustaining services. The company delivered Q1 2026 revenue of $1.07B with stronger healthcare and aerospace demand, plus $283M in new program wins.

Strategic Profile

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Plexus is benefiting from strong program ramps across Healthcare/Life Sciences and Aerospace and Defense sectors, with improved demand in semiconductors and energy markets. The company is positioned to accelerate revenue growth toward a 9% to 12% goal and sustain strong financial performance in fiscal 2026.

Competitive Landscape

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Plexus faces competition from electronics manufacturing peers including Jabil, Sanmina, and Flex. Plexus differentiates through specialized focus on highly regulated industries (aerospace/defense, medical) with strong program ramp execution and expanding automation capabilities. The company's $3.6B funnel provides competitive positioning versus peers in securing high-margin complex manufacturing programs.

Industry Context

Plexus Corp. operates in Electronics Manufacturing Services (EMS) / Contract Manufacturing.

Key facts

Founded: 1979 · Headquarters: Neenah, Wisconsin · Employees: 20000 · Revenue: $4.13B · Market cap: $5.47B

What the analysts stress-tested

The top findings that survived the multi-agent debate for Plexus Corp..

  • Aerospace and Defense posted record quarterly wins of $220 million, demonstrating significant market share gains in defense.
  • Healthcare and life sciences segment revenue reached $466 million in Q1, up from $374 million in the same quarter last year, showing 24% growth.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • January 2026Q1 2026 results: $1.07B revenue (+10% YoY), $1.78 adjusted EPS, $283M in new program wins including record $220M aerospace wins
  • January 2026Upgraded Q2 2026 guidance to $1.11-1.15B revenue with $1.80-1.95 non-GAAP EPS, signaling momentum
  • +1 moreTrack every material event for Plexus Corp. as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Electronics Manufacturing ServicesDiversified EMS provider across multiple end markets→Electronics Manufacturing ServicesBroad-based EMS player with aerospace/defense exposure→Electronics Manufacturing ServicesGlobal EMS competitor with varied industry exposure→

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Industry context

Plexus Corp. operates in Electronics Manufacturing Services (EMS) / Contract Manufacturing. See how the rest of the sector scores on the Cyborg framework.

Top companies in Electronics Manufacturing Services (EMS) by Cyborg Score

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Frequently asked questions

What does Plexus Corp. do?+
Plexus designs, manufactures, and services complex products in demanding regulatory environments, supporting life-saving medical devices, mission-critical aerospace and defense products, and industrial automation syst...
What is Plexus Corp.'s Cyborg Score?+
Plexus Corp. has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Plexus Corp.'s main competitors?+
Named competitors include Electronics Manufacturing Services, Electronics Manufacturing Services, Electronics Manufacturing Services. The full competitive landscape is in the AskCyborg report.
How can I get the full Plexus Corp. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Plexus Corp. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Electronics Manufacturing Services (EMS) research

Companies in the same sector and named competitors, ranked by Cyborg Score.

8Celestica Inc.8Fabrinet7Avalon Technologies Limited7Flex Ltd.7Scanfil Oyj7Syrma SGS Technology Limited7Wistron Corporation6Incap Oyj6Kimball Electronics, Inc.6Pegatron CorporationTop companies in Electronics Manufacturing Services (EMS) by Cyborg Score