Plexus Corporation

What Plexus Corporation does

Plexus Corporation (NASDAQ: PLXS) is a public electronics manufacturing services (EMS) provider founded in 1979 and headquartered in Neenah, Wisconsin. The company operates a Product Realization service model that takes customer concepts through design and development, manufacturing, supply chain, and aftermarket/sustainment. It serves four verticals: Aerospace/Defense (including European defense, security, and space), Healthcare/Life Sciences (medical devices, surgical systems, diagnostics), Industrial (data/comms, energy, transportation, industrial equipment), and Semiconductor Capital Equipment (front-end wafer fab and back-end equipment). The core technology stack is integrated electronics manufacturing for highly complex, regulated products, supported by capabilities in test engineering, new product introduction, integrated test and inspection, fulfillment and logistics, and supply chain program sustainment. Plexus holds GRI and TCFD-aligned sustainability disclosures and is a Responsible Business Alliance member.

Plexus monetizes primarily through B2B contract manufacturing services, with revenue streams spanning contract manufacturing (hardware sales), engineering and design services (professional services), and aftermarket/sustainment services (managed services). Pricing is custom and contract-based, structured as multi-year OEM engagements rather than transactional tier pricing. GTM is an enterprise field sales motion led by engineering teams targeting OEM customers in regulated industries. The company reports a record $4B qualified manufacturing opportunities funnel and $355M in Q2 FY2026 new program wins, with Q2 FY2026 revenue of $1.164B (up 18.7% YoY). Annual revenue is approximately $4B+ based on FY2025 figures of $4.03B (financials table) and EBITDA around $285M. Operations span 28 global manufacturing facilities across AMER, APAC, and EMEA with 20,000+ employees, including new or expanding sites in Malaysia, Thailand, Germany, Romania, and a future Poland entity. Recent strategic moves include a $500M revolving credit facility (June 2026), CFO transition to David Abuhl (May 2026), a co-development partnership with Riverside Research for ultra-secure defense hardware (May 2026), and a strategic manufacturing partnership with Evolv Technologies for security screening products (November 2025).

Name

Plexus Corporation

Legal name

Plexus Corp., Inc.

Website

https://plexus.com

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Plexus Corporation (NASDAQ: PLXS) is a global electronics manufacturing services provider founded in 1979 that delivers design, manufacturing, supply chain, and sustainment services for complex, regulated products to OEM customers in aerospace/defense, healthcare/life sciences, industrial, and semiconductor capital equipment sectors.

Ownership category

akta.pro rank

Product category

Electronics Manufacturing Services

NAICS

Industrial Machinery Manufacturing (33324)

SIC

Electrical Industrial Apparatus (3620)

akta.pro primary industry

Industrial Electronics Manufacturing Services (EMS) (IMAGAGAA)

akta.pro secondary industries

Industrial Power & Energy Electronics Manufacturing Services (UPS, converters, inverters, chargers) (IMAGAGAI), Process Control & Automation Electronics Manufacturing Services (PLCs, I/O, DCS/SCADA hardware) (IMAGAGAK)

Keywords

• Electronics manufacturing services
• Contract manufacturing
• Aerospace defense manufacturing
• Medical device manufacturing
• Semiconductor capital equipment manufacturing

Headquarters

HQ city

Neenah

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Contract Manufacturing Services: Design, manufacturing, and supply chain solutions for complex products in regulated industries including aerospace/defense, healthcare, and industrial sectors
2. Engineering and Design Services: Product development, design for excellence, and test engineering services integrated with manufacturing
3. Aftermarket and Sustainment Services: Repair, refurbishment, product lifecycle extension, and distribution management services

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Plexus Corporation provides Electronics Manufacturing Services (EMS) for complex, highly-regulated products, spanning product design and development, end-to-end manufacturing, integrated supply chain solutions, and aftermarket sustaining services. The company serves OEM customers in aerospace/defense, healthcare/life sciences, industrial, and semiconductor capital equipment sectors through a global network of 28 manufacturing facilities.

Product overview

Plexus Corporation operates as an Electronics Manufacturing Services (EMS) provider offering a unified platform of design, manufacturing, and servicing solutions across the entire product lifecycle. The company's core offerings include Design and Development Services (encompassing product strategy, development, design for excellence, test engineering, and new product introduction), End-to-End Manufacturing (with integrated test, inspection, and fulfillment capabilities), Supply Chain Solutions (including early engagement and program sustainment), and Sustaining Services (aftermarket, repair, and life cycle extension). These services target four specialized market sectors: Aerospace/Defense (encompassing aerospace, defense, European defence, security, and space), Healthcare/Life Sciences (including medical robotics, life sciences/diagnostics, and medical devices), Industrial (covering data/communications, energy, industrial equipment, and transportation), and Semiconductor Capital Equipment (front-end wafer fabrication and back-end equipment). Plexus supports its solutions through 28 global facilities across Americas (AMER), Asia-Pacific (APAC), and Europe/Middle East/Africa (EMEA) regions with over 20,000 employees, enabling customers to maximize product value from concept to aftermarket.

Differentiator

Problem solved

Functional benefit

Products and services

• Design and Development Services Engineering design and development services including product strategy, product development, design for excellence, test engineering, and new product introduction to help OEM customers bring complex products to market.
• End-to-End Manufacturing Contract manufacturing services with integrated test and inspection, fulfillment, and logistics capabilities for complex, regulated electronics products across 28 global facilities.
• Supply Chain Solutions Integrated supply chain management including early engagement and program sustainment to support product success from concept through production for OEM customers.
• Sustaining Services Aftermarket services including repair, refurbishment, product life cycle extension, and distribution management to extend the value and serviceability of OEM customer products.

Quantifiable outcome

• 19% year-over-year revenue growth in Q2 FY2026
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Riverside ResearchcoreStrategic or Co-development Partner · 19 May 2026Strategic partnership to co-develop secure, modular hardware and software for intelligence and defense markets. Collaboration led to rapid development of the Aegis R52L Enhanced Retransmission Device, moving from concept to prototypes in under nine months. Positions Plexus in ultra-secure defense hardware and supports expansion in high-complexity defense work.
• Evolv TechnologiescoreStrategic or Co-development Partner · 6 November 2025Strategic contract manufacturing partnership to enhance manufacturing capacity, supply chain strength, and support global expansion of security screening products. Collaboration provides Evolv with access to Plexus' global manufacturing network spanning 26 facilities with over 20,000 employees, enabling large-scale production and cost-saving opportunities through procurement efficiencies.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Celestica Inc. Celestica provides EMS services to aerospace/defense, healthcare, and industrial customers globally. Its recent expansion into high-complexity markets creates direct overlap with Plexus's core segments.
• Jabil Inc. Jabil is one of the largest global EMS providers with similar design-through-manufacturing services and a comparable healthcare/aerospace/defense focus. It competes directly with Plexus for high-complexity regulated programs across multiple geographies.
• Fabrinet: Fabrinet specializes in optical, aerospace, and medical manufacturing - a similar high-complexity, regulated niche. Its premium margins and specialized positioning make it a relevant comparable for Plexus's regulated market strategy.
• Sanmina Corporation: Sanmina is a direct EMS peer offering integrated manufacturing solutions for medical, aerospace/defense, and industrial customers. Its end-to-end service model closely mirrors Plexus's product realization approach.
• Flex Ltd. Flex is a major global EMS competitor offering design, manufacturing, and supply chain services across healthcare, aerospace, and industrial markets. It is a direct competitor in high-complexity contract manufacturing.
• Kimball Electronics: Kimball Electronics is a mid-sized EMS peer focused on automotive, medical, and industrial markets. Its similar customer verticals and tier positioning make it a relevant scaled comparison.
• Benchmark Electronics: Benchmark is a mid-complexity EMS provider serving aerospace/defense, medical, and industrial markets. Its scale and sector focus make it one of the closest direct comparisons to Plexus.

Emerging players

• SigmaTron International: SigmaTron is a smaller EMS competitor serving industrial, medical, and consumer markets. It represents a smaller-scale, regional EMS alternative where Plexus might also compete for program wins.
• IEC Electronics: IEC Electronics is a smaller EMS provider specializing in aerospace, defense, and medical device manufacturing. Its narrower focus and smaller scale position it as an emerging direct competitor in Plexus's regulated verticals.

Broad incumbents

• TT Electronics: TT Electronics manufactures electronic components and assemblies for aerospace, defense, medical, and industrial markets. It overlaps with Plexus in high-reliability electronics but with a broader product portfolio including passive components.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/plexus
• Facebookfacebook.com/390872764330076

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Plexus Corporation