Plexus Management
Management criteria checks 3/4
Plexus' CEO is Todd Kelsey, appointed in Sep 2016, has a tenure of 10.08 years. total yearly compensation is $10.84M, comprised of 10.1% salary and 89.9% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth $15.97M. The average tenure of the management team and the board of directors is 5.7 years and 9.8 years respectively.
Key information
Todd Kelsey
Chief executive officer
US$10.8m
Total compensation
| CEO salary percentage | 10.15% |
| CEO tenure | 10yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5.7yrs |
| Board average tenure | 9.8yrs |
Recent management updates
Recent updates
Narrative Update • Sep 03
PLXS: Share Repurchases And Reaffirmed Thesis Will Support Further Upside
Analysts have lifted their Plexus price target from $293.25 to $305.75, pointing to updated expectations around revenue growth, profit margin and long term earnings multiples after recent management meetings reaffirmed key elements of the investment case. What’s in the News for Plexus Plexus Corp.
Narrative Update • Aug 17
PLXS: Fair Outlook Ties Secular End Markets To Macro Execution Risks
Analysts have lifted their Plexus fair value estimate to $275 from $258, citing higher modeled revenue growth, a slight adjustment to margins and discount rate, and recent price target increases to $310 and $330 that reflect reinforced confidence after management meetings. Analyst Commentary Recent research commentary on Plexus centers on higher price targets following management meetings that reinforced confidence in the company’s long term story.
Narrative Update • Aug 03
PLXS: Earnings And Secular End Markets Will Drive Future Upside Potential
Analysts have raised the Plexus price target to $330 from $220, citing updated assumptions around revenue growth, profit margins, and future P/E, as well as recent management meetings that reinforced confidence in the company’s position across key end markets. Analyst Commentary Recent research commentary around Plexus highlights a clear tilt toward a more optimistic stance on the stock.Narrative Update • Jul 20
PLXS: Fair Outlook Balances Secular End Markets With Execution And Macro Risks
Plexus' fair value estimate has been raised from $173 to $258. This reflects higher analyst price targets and renewed confidence in the company's growth trajectory, margin potential, and positioning across aerospace and defense, semiconductor capital equipment, and emerging data center markets.Seeking Alpha • Jul 10
Plexus: The Multiple Has Front-Run The Story
Summary Plexus has doubled in 12 months, now trading at 32x forward P/E, despite lacking direct AI infrastructure exposure. Q2 delivered strong revenue (+19% YoY), margin expansion, and robust sector momentum, especially in industrial semi-cap and aerospace/defense. PLXS's valuation has outpaced fundamentals; FCF yield remains sub-1%, and AI exposure is indirect, limiting upside versus peers. We rate PLXS a Hold with a fair value target of $240, citing full valuation and risk of multiple compression. Read the full article on Seeking AlphaNarrative Update • Jul 06
PLXS: Secular Growth Exposure And Macro Uncertainty Will Likely Cap Further Upside
The Plexus analyst price target has been adjusted from $280.75 to $293.25. Analysts cite reaffirmed long-term growth and margin potential following recent management meetings as the key rationale for the update.Narrative Update • Jun 22
PLXS: Secular Demand Strength And Macro Uncertainty Will Likely Restrain Upside
The Plexus analyst price target has been raised from $285 to $310. Analysts point to meetings with management that strengthened their confidence in the company's growth outlook, margin potential, and exposure to areas such as A&D, Semi Cap, and emerging data center applications.Narrative Update • Jun 05
PLXS: Secular Demand Strength And Higher P/E Will Likely Restrain Upside
Analysts have lifted Plexus' implied fair value in this framework from $210.80 to $280.75, reflecting updated assumptions that point to higher revenue, slightly stronger profit margins, and a richer future P/E multiple supported by recent Street research highlighting the company's positioning in secular growth areas like A&D, Semi Cap, and emerging Data Center applications. Analyst Commentary Bullish Takeaways Bullish analysts have moved their price targets higher, which aligns with the updated implied fair value and signals greater confidence in the stock's risk and reward profile.New Narrative • May 04
Semicap And Aerospace Slowdowns Will Pressure Margins And Constrain Future Cash Generation
Catalysts About Plexus Plexus provides design, engineering and manufacturing services for complex electronic products across aerospace and defense, healthcare, industrial and other end markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 25
PLXS: Higher P/E And Rich Multiple Will Likely Cap Future Upside
Plexus' analyst fair value estimate has been adjusted from $200.80 to $210.80 as analysts factor in updated assumptions on growth, margins and future P/E, supported by a series of recent target increases and an upgrade from major research firms. Analyst Commentary Recent Street research on Plexus focuses on refreshed targets and an upgrade, which analysts link to their updated assumptions on growth, margins and the P/E they are willing to apply to the stock.Narrative Update • Apr 10
PLXS: Higher P/E Assumptions Will Likely Limit Upside Despite Buybacks
Analysts have raised their price targets on Plexus from $25 to $50, citing updated assumptions around discount rates and future P/E ratios that support a refined view of the stock's valuation. Analyst Commentary Recent research updates on Plexus focus heavily on how revised discount rates and updated P/E assumptions shape the new price targets.Narrative Update • Mar 27
PLXS: Raised Price Views And Buybacks Will Likely Support Balanced Trading Outlook
Analysts have raised their Plexus price targets by $25 to $50, pointing to modestly adjusted assumptions for growth, margins, and future P/E to support their higher valuation views. Analyst Commentary Recent research points to a cluster of higher Plexus price targets in the US$25 to US$50 range above prior levels, reflecting tweaked assumptions around growth, margins, and the P/E multiple investors might be willing to pay.Narrative Update • Mar 12
PLXS: Updated Earnings Views And Buybacks Will Likely Support Balanced Trading Outlook
Analysts have raised their average Plexus price target by a combined $105. This reflects updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples.Narrative Update • Feb 26
PLXS: Higher Earnings Assumptions And Buybacks May Sustain Sideways Trading
Narrative Update on Plexus The analysts’ average price target for Plexus has increased by a combined $105 in recent reports, reflecting updated assumptions for discount rates, revenue growth, profit margins, and a slightly lower future P/E multiple. Analyst Commentary Recent Street research on Plexus centers on higher price targets, with analysts updating their models around discount rates, revenue expectations, margin assumptions, and a slightly lower future P/E multiple.Narrative Update • Feb 09
PLXS: Higher Earnings Assumptions May Support Sideways Trading Near Current Range
The analyst price target for Plexus has shifted from US$159 to about US$201, as analysts factor in updated views on revenue growth, profit margins, and the P/E multiple they are comfortable assigning to the stock. Analyst Commentary Bullish analysts have increased their price targets in several steps, including US$25, US$30, and US$50 adjustments, which lines up with the higher overall target of about US$201.New Narrative • Jan 31
Aerospace And Defense Outsourcing Wave Will Support Stronger Long Term Outlook
Catalysts About Plexus Plexus provides outsourced design, engineering and manufacturing solutions for complex products across Healthcare, Industrial and Aerospace and Defense end markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 26
PLXS: Manufacturing Partnership And Stable Outlook Will Likely Support Sideways Trading
Analysts have maintained their Plexus fair value estimate at $159.00. The updated assumptions reflect slightly adjusted revenue growth, revised profit margin expectations, and a marginally higher future P/E multiple as they refine their price target framework.Narrative Update • Jan 12
PLXS: Robust Finish And New Partnership Will Likely Support Sideways Trading
Analysts have raised their Plexus price target to $150 from $140, citing solid recent results and consistent execution. They also noted a more cautious stance on longer term estimates given the current macro backdrop.Analysis Article • Dec 30
Is It Too Late To Consider Buying Plexus Corp. (NASDAQ:PLXS)?
Plexus Corp. ( NASDAQ:PLXS ), is not the largest company out there, but it saw a double-digit share price rise of over...Narrative Update • Dec 24
PLXS: Shares Will Likely Trade Sideways As Robust Finish Meets Rich Pricing
Analysts have nudged their Plexus price target higher to $150 from $140, citing a robust fiscal year finish that beat sales and earnings expectations while still acknowledging valuation and macroeconomic uncertainties. Analyst Commentary Street research on Plexus reflects a mix of optimism around recent execution and caution regarding valuation and the macro backdrop, leading to a more balanced risk reward profile at current levels.Narrative Update • Dec 10
PLXS: Shares Will Likely Trade Steadily As Execution Offsets Macro Caution
Analysts have modestly increased their Plexus price target to approximately $159 per share. This reflects confidence in the company’s robust execution and long term growth prospects, despite a more cautious stance on the macro environment and valuation.Narrative Update • Nov 26
PLXS: Shares Will Likely Climb With Confidence In Earnings Momentum
Analysts have modestly increased Plexus’s average price target, citing robust recent results, a positive management outlook, and continued confidence in the company’s growth prospects, with new targets ranging up to $165 from previous levels around $140 to $160. Analyst Commentary Following the latest quarterly report, analysts have provided updated perspectives on Plexus, balancing improved outlooks with some caution regarding future risks.Narrative Update • Nov 09
PLXS: Shares Will Likely Reflect Mixed Views As Macro Uncertainty Persists
Analysts have slightly raised their price targets for Plexus, citing strong recent results and ongoing confidence in the company's growth prospects. The new targets range from $150 to $165, which is an increase of $10 to $5 from previous estimates.Narrative Update • Oct 26
Execution On Expansion Plans Will Shape Near-Term Manufacturing Opportunities
The analyst consensus price target for Plexus has increased by $4.40 to $159.00. This reflects upward revisions in revenue growth expectations and ongoing confidence in management’s execution, even as some firms have issued cautious outlooks recently.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jul 04 2026 | n/a | n/a | US$185m |
| Apr 04 2026 | n/a | n/a | US$188m |
| Jan 03 2026 | n/a | n/a | US$177m |
| Sep 27 2025 | US$11m | US$1m | US$173m |
| Jun 28 2025 | n/a | n/a | US$163m |
| Mar 29 2025 | n/a | n/a | US$143m |
| Dec 28 2024 | n/a | n/a | US$120m |
| Sep 28 2024 | US$8m | US$1m | US$112m |
| Jun 29 2024 | n/a | n/a | US$111m |
| Mar 30 2024 | n/a | n/a | US$102m |
| Dec 30 2023 | n/a | n/a | US$126m |
| Sep 30 2023 | US$9m | US$1m | US$139m |
| Jul 01 2023 | n/a | n/a | US$149m |
| Apr 01 2023 | n/a | n/a | US$171m |
| Dec 31 2022 | n/a | n/a | US$157m |
| Oct 01 2022 | US$7m | US$1m | US$138m |
| Jul 02 2022 | n/a | n/a | US$121m |
| Apr 02 2022 | n/a | n/a | US$111m |
| Jan 01 2022 | n/a | n/a | US$126m |
| Oct 02 2021 | US$8m | US$1m | US$139m |
| Jul 03 2021 | n/a | n/a | US$143m |
| Apr 03 2021 | n/a | n/a | US$152m |
| Jan 02 2021 | n/a | n/a | US$123m |
| Oct 03 2020 | US$8m | US$1m | US$117m |
| Jul 04 2020 | n/a | n/a | US$117m |
| Apr 04 2020 | n/a | n/a | US$106m |
| Jan 04 2020 | n/a | n/a | US$117m |
| Sep 28 2019 | US$7m | US$959k | US$109m |
Compensation vs Market: Todd's total compensation ($USD10.84M) is about average for companies of similar size in the US market ($USD8.41M).
Compensation vs Earnings: Todd's compensation has increased by more than 20% in the past year.
CEO
Todd Kelsey (61 yo)
10yrs
Tenure
US$10,839,258
Compensation
Mr. Todd P. Kelsey serves as an Independent Director of Littelfuse, Inc. from August 6, 2026. He is the President and Chief Executive Officer of Plexus Corp., a global technology enterprise. He has been a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10yrs | US$10.84m | 0.25% $ 16.0m | |
| Executive VP & COO | 4.7yrs | US$3.20m | 0.052% $ 3.3m | |
| Executive VP | 20.7yrs | US$2.32m | 0.061% $ 3.9m | |
| Regional President of APAC | 7.3yrs | US$1.91m | 0.039% $ 2.5m | |
| CFO & Senior VP | less than a year | no data | no data | |
| Chief Information & Technology Officer | 4.3yrs | no data | no data | |
| Vice President of Investor Relations | 5.7yrs | no data | no data | |
| Chief Human Resources Officer | 3.7yrs | no data | no data | |
| Regional President of AMER | 9.9yrs | no data | 0.0025% $ 161.5k | |
| Chief Quality Officer | 9.9yrs | no data | no data | |
| Controller & VP of Finance - EMEA | no data | no data | no data | |
| Senior Vice President of Sustaining Services | 4.7yrs | no data | no data |
5.7yrs
Average Tenure
60yo
Average Age
Experienced Management: PLXS's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.1yrs | US$10.84m | 0.25% $ 16.0m | |
| Non-Executive Chairman | 26.7yrs | US$478.10k | 0.43% $ 27.7m | |
| Independent Director | 9.5yrs | US$300.03k | 0.060% $ 3.9m | |
| Independent Director | 5.1yrs | US$290.03k | 0.020% $ 1.3m | |
| Independent Lead Director | 20.4yrs | US$320.03k | 0.15% $ 9.8m | |
| Independent Director | 13.7yrs | US$300.03k | 0.11% $ 7.2m | |
| Independent Director | 6.4yrs | US$290.03k | 0.028% $ 1.8m | |
| Independent Director | 11.6yrs | US$300.03k | 0.081% $ 5.3m | |
| Independent Director | 3.6yrs | US$290.03k | 0.013% $ 811.8k | |
| Independent Director | 8.5yrs | US$290.03k | 0.028% $ 1.8m |
9.8yrs
Average Tenure
67yo
Average Age
Experienced Board: PLXS's board of directors are considered experienced (9.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/17 21:39 |
| End of Day Share Price | 2026/09/17 00:00 |
| Earnings | 2026/07/04 |
| Annual Earnings | 2025/09/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Plexus Corp. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Reik Read | Baird |
| Wamsi Mohan | BofA Global Research |
| Andrew Huang | B. Riley Securities, Inc. |