Plexus (PLXS) Operating Margin (2009 - 2026)
Plexus' (PLXS) quarterly Operating Margin came in at 4.7% in Q3 2026, down 57.0% on a YoY basis from 10.92% in Q3 2025, and down 11.64% quarter-over-quarter from 5.31% in Q2 2026.
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Plexus (PLXS) Operating Margin (2009 - 2026) Analysis & Trends
Plexus (PLXS) has reported Operating Margin for 18 consecutive years, with 4.7% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Margin fell 57.0% year-over-year to 4.7%; the trailing twelve-month figure through Jul 2026 stood at 5.02% (down 3.0% YoY), and the FY2025 full-year result was 5.02%, up 78.0% from the prior year.
- Operating Margin declined to 4.7% in Q3 2026 per PLXS's latest filing, from 5.31% in the prior quarter.
- Across five years, Operating Margin topped out at 5.54% in Q4 2022 and bottomed at 2.76% in Q3 2023.
- Historically, Operating Margin has averaged 4.68% across 5 years, with a median of 5.02% in 2025.
- The sharpest annual moves came in 2023 and 2025: Operating Margin tumbled 229 bps in 2023, then soared 193 bps in 2025.
- Over 5 years, Operating Margin stood at 5.24% in 2022, then declined by 12 bps to 4.6% in 2023, then climbed by 4 bps to 4.8% in 2024, then rose by 5 bps to 5.02% in 2025, then declined by 6 bps to 4.7% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 4.7%, 5.31%, and 5.09% for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flex | 40.10 Bn | 37.26 Bn | 747.00 Mn | 4.94% |
| 2 | Celestica | 37.49 Bn | 36.96 Bn | 577.50 Mn | 9.75% |
| 3 | Jabil | 31.94 Bn | 30.58 Bn | 828.00 Mn | 5.09% |
| 4 | Fabrinet | 14.54 Bn | 13.67 Bn | 158.05 Mn | 10.20% |
| 5 | Ttm Technologies | 12.84 Bn | 12.32 Bn | 211.86 Mn | 10.86% |
| 6 | Sanmina | 11.09 Bn | 9.24 Bn | 363.31 Mn | 6.39% |
| 7 | Plexus | 6.59 Bn | 6.28 Bn | 131.38 Mn | 4.70% |
| 8 | Benchmark Electronics | 2.64 Bn | 2.32 Bn | 78.40 Mn | 4.00% |
| 9 | Kimball Electronics | 614.49 Mn | 525.56 Mn | 32.95 Mn | 7.83% |
| 10 | Eltek | 54.40 Mn | 42.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 4.70% |
| Apr 4, 2026 | 5.31% |
| Jan 3, 2026 | 5.09% |
| Sep 27, 2025 | 5.02% |
| Jun 28, 2025 | 5.26% |
| Mar 29, 2025 | 4.98% |
| Dec 28, 2024 | 4.80% |
| Sep 28, 2024 | 5.13% |
| Jun 29, 2024 | 4.08% |
| Mar 30, 2024 | 3.05% |
| Dec 30, 2023 | 4.60% |
| Sep 30, 2023 | 5.21% |
| Jul 1, 2023 | 2.76% |
| Apr 1, 2023 | 5.32% |
| Dec 31, 2022 | 5.24% |
| Oct 1, 2022 | 5.54% |
| Jul 2, 2022 | 5.05% |
| Apr 2, 2022 | 4.03% |
| Jan 1, 2022 | 3.73% |
| Oct 2, 2021 | 5.02% |