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ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY), the corporate payments company, today announced that on Monday, May 18, 2026, the Company will be attending the J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA. Management will participate in a fireside chat beginning at 9:05am ET. Investors and interested parties can access the presentation by visiting the Company's investor relations website at https://investor.corpay.com/. About Corpay Corpay (NYSE: CPAY),.

Corpay, Inc. (CPAY) Discusses Cross-Border Business Model, Blockchain Risk, and Growth Drivers Transcript

Corpay NYSE: CPAY is no flashy fintech, but rather a behind-the-scenes earner in a steadier slice of payments.

Strong revenue growth, rising profits, aggressive buybacks, and higher 2026 guidance are defining its current results. As a leader in corporate payments, its financials are increasingly impressive. How much more room it has to grow, and whether the stock will follow, are what investors must now decide.

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Corpay Delivers a Standout QuarterCorpay just delivered one of the strongest quarters in its history, yet many investors have never heard of it. The company, which processes payments for corporate fleets, business travel, and cross-border transactions, reported first-quarter revenue of $1.26 billion, up 25% year over year and above expectations.

Corpay Today

$354.60 +3.76 (+1.07%)

As of 11:12 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$252.84▼

$367.43P/E Ratio21.19

Price Target$383.07

For the three months, net income climbed 44% to $350.1 million from $243.2 million a year earlier, and operating income rose 49% to reach $636.2 million. Adjusted earnings per share rose 29% to $5.80, also comfortably ahead of what analysts expected.

Corpay also continued its aggressive share repurchase program during the quarter, buying back 2.4 million shares for $786 million.

Management responded by raising full-year 2026 guidance to a revenue midpoint of $5.29 billion and earnings per share of between $20.39 and $21.19.

In the payments world, having both growth and profitability keep pace with each other is worth a deeper look.

A Business Model Built on Sticky RevenueCorpay, formerly known as FleetCor Technologies, operates in the background of corporate America, providing specialized payment solutions in four areas. It provides services for fleet payments for trucking and transportation companies, corporate payments for businesses managing expenses and accounts payables, lodging payments for workforce housing and extended-stay travel, and cross-border currency transactions for companies doing business internationally.

The combination of services gives Corpay deep customer relationships with high switching costs, and transaction volumes that have been growing steadily. With a revenue base that’s spread across industries and geographies, the company can avoid many of the shocks that often hit other payments providers. And management said that roughly two-thirds of the $50 million revenue outperformance recently came from improved underlying business performance rather than any favorable external conditions.

The company’s cross-border segment, in particular, has received the most strategic attention recently as international payment flows represent one of the biggest opportunities in B2B payments. For the three months, revenue from its corporate payments sector jumped 46% to $504 million, thanks to a 71% leap in overall spend volume. The company’s vehicle payments revenue rose 19% to $564 million, and lodging payments revenue rose slightly to $111 million.

New Growth Drivers Are Taking ShapeLooking ahead, the company has said it plans to increase domestic sales production by focusing on the middle market here at home. In the area of payables, the company is looking to capture more revenue beyond its virtual card program and expects to launch a European spend management business.

For cross-border opportunities, Corpay said it sought to further develop its multi-currency banking business and add real-time blockchain rails for settlements. And like other companies in the financial sector, it plans to further integrate artificial intelligence into both its products and its internal processes.

In fact, Corpay already made headlines in May 2026 with a partnership announcement involving BVNK, a stablecoin infrastructure platform, to provide stablecoin wallets and settlement capabilities to its global customer base. The move is strategically logical as cross-border payments are often notoriously slow and expensive. Stablecoin rails could eventually offer high cost and speed advantages.

Corpay Stock Forecast Today12-Month Stock Price Forecast:
$383.07
9.17% Upside

Moderate Buy
Based on 16 Analyst Ratings

Current Price$350.90High Forecast$450.00Average Forecast$383.07Low Forecast$300.00Corpay Stock Forecast Details

Wall Street Sees Further UpsideAnalysts who cover Corpay are overall positive, if not effusive, about prospects for its stock price. With 15 analysts following the company, the consensus is a Moderate Buy with an average target price of $377.92 per share.

Twelve analysts have Corpay listed as a Buy, while three recommend Hold. The spread is large, however, with the highest 12-month target price at $415 and the lowest at $300.

Although its stock price is roughly flat from a year ago, CPAY is up around 15% this year. Achieving the average target price would take it above its 52-week high.

Risks Still Deserve AttentionWhile Corpay’s numbers are solid, investors should be aware of a couple of potential wrinkles in the results. It’s important to note that the company’s first quarter earnings included an unadjusted $81 million gain, or $1.19 per share, from the sale of the PayByPhone parking business.

There is also ongoing legal exposure. Corpay’s quarterly filings continue to reference Federal Trade Commission litigation related to historical marketing practices. As of May 2026, that liability was largely affirmed through the appeals process. The financial impact so far has been manageable, but the legal overhang remains, and the potential impact is uncertain.

Dependability Is Corpay’s Main AppealWhat is certain is that Corpay quietly and consistently processes payments that businesses cannot avoid making. The company takes a margin on each transaction, returns capital to shareholders through buybacks, and raises its guidance when the business performs better than expected.

For investors considering a position, the most important questions are about valuation and timing. After a strong quarter and a stock move that reflects it, Corpay is not cheap.

The company is also not the most exciting in the financial sector. But it’s something that is maybe more valuable. It is dependable.

Should You Invest $1,000 in Corpay Right Now?Before you consider Corpay, you'll want to hear this.

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Corpay, Inc. (NYSE: CPAY), the corporate payments and expense management company today announced that it closed an amendment to increase its revolving credit f

ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY), the corporate payments company, today announced that the Company will participate in the following investor conferences: On Wednesday, June 3, 2026, the Company will be attending the Baird Global Consumer, Technology & Services Conference in New York, NY. On Tuesday, June 9, 2026, the Company will be attending the Morgan Stanley US Financials Conference in New York, NY. Management will participate in a fireside chat beginning at 1:45am E.

TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with Vålerenga Fotball AS to become their Official Foreign Exchange (FX) Supplier. Through this partnership, Corpay Cross-Border will deliver comprehensive FX risk management solutions to support Vålerenga Fotball AS's operations. In addition, its award-winning platform will enable the club to manage global payments.

Corpay, Inc. (CPAY) Presents at Morgan Stanley US Financials Conference 2026 Transcript

Algert Global LLC increased its position in shares of CorVel Corp. (NASDAQ: CRVL) by 73.4% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,559 shares of the business services provider's stock after acquiring an additional 92,077 shares during the quarter.

Posted by Defense World Staff on Mar 31st, 2026

CorVel Corp. (NASDAQ:CRVL – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $66.65 and traded as low as $53.09. CorVel shares last traded at $54.22, with a volume of 212,502 shares traded.

Analyst Ratings Changes Separately, Weiss Ratings reissued a “hold (c)” rating on shares of CorVel in a research note on Friday, January 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Check Out Our Latest Research Report on CRVL

CorVel Stock Performance The company has a 50-day moving average of $54.92 and a 200 day moving average of $66.65. The firm has a market cap of $2.77 billion, a P/E ratio of 26.58 and a beta of 1.10.

CorVel (NASDAQ:CRVL – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share for the quarter. CorVel had a return on equity of 30.15% and a net margin of 11.23%.The firm had revenue of $235.63 million for the quarter.

Insider Buying and Selling at CorVel In other news, insider Maxim Shishin sold 2,400 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.00, for a total value of $129,600.00. Following the sale, the insider owned 7,050 shares of the company’s stock, valued at approximately $380,700. This represents a 25.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 44.56% of the company’s stock.

Hedge Funds Weigh In On CorVel Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in CorVel by 12.5% during the first quarter. Royal Bank of Canada now owns 51,261 shares of the business services provider’s stock worth $5,739,000 after buying an additional 5,703 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of CorVel by 4.0% in the first quarter. AQR Capital Management LLC now owns 26,468 shares of the business services provider’s stock valued at $2,964,000 after acquiring an additional 1,013 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of CorVel by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,800 shares of the business services provider’s stock valued at $425,000 after acquiring an additional 389 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CorVel by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,846 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 702 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of CorVel by 127.4% in the 1st quarter. Millennium Management LLC now owns 48,182 shares of the business services provider’s stock worth $5,395,000 after acquiring an additional 26,990 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

About CorVel (Get Free Report)

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).

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Posted by Defense World Staff on Apr 25th, 2026

Evergreen Capital Management LLC acquired a new position in shares of CorVel Corp. (NASDAQ:CRVL – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,584 shares of the business services provider’s stock, valued at approximately $784,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CorVel by 0.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,961 shares of the business services provider’s stock valued at $1,640,000 after purchasing an additional 115 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of CorVel by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 15,918 shares of the business services provider’s stock worth $1,636,000 after buying an additional 139 shares during the period. Arizona State Retirement System grew its holdings in CorVel by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 9,113 shares of the business services provider’s stock worth $706,000 after buying an additional 155 shares in the last quarter. Hantz Financial Services Inc. increased its position in CorVel by 61.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 500 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 190 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in CorVel by 1.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,697 shares of the business services provider’s stock valued at $962,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Stock Up 1.0% NASDAQ:CRVL opened at $57.33 on Friday. The business’s 50-day moving average price is $53.30 and its 200 day moving average price is $63.70. CorVel Corp. has a 52-week low of $44.83 and a 52-week high of $117.22. The firm has a market cap of $2.93 billion, a P/E ratio of 28.10 and a beta of 1.05.

CorVel (NASDAQ:CRVL – Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share for the quarter. The company had revenue of $235.63 million during the quarter. CorVel had a net margin of 11.23% and a return on equity of 30.15%.

Insiders Place Their Bets In other CorVel news, insider Maxim Shishin sold 2,400 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.00, for a total value of $129,600.00. Following the transaction, the insider owned 7,050 shares of the company’s stock, valued at approximately $380,700. This represents a 25.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 44.56% of the company’s stock.

Wall Street Analyst Weigh In Separately, Weiss Ratings lowered CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CorVel currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on CorVel

About CorVel (Free Report)

CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.

The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).

See Also Five stocks we like better than CorVel

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May 12, 2026 07:02 ET  | Source: CorVel Corp.

FORT WORTH, Texas, May 12, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a leading provider of innovative risk management solutions, is pleased to announce that it will host a live webcast to discuss its upcoming quarterly and fiscal earnings results on Wednesday, May 20, 2026, at 11:30 AM Eastern Time.

The webcast will feature a discussion of CorVel’s financial performance, strategic initiatives, and outlook, led by Michael Combs, President and Chief Executive Officer, alongside Brian Nichols, Chief Financial Officer. The event will also include a dedicated question-and-answer session for attendees.

Webcast Details:

Date: Wednesday, May 20, 2026Time: 11:30 AM ETAccess: The live webcast can be accessed via Webcast | CorVel Quarterly Earnings Report. A replay of the webcast will be available shortly after the event.
Investors, analysts, and interested parties are encouraged to join the webcast to gain insights into CorVel’s performance. Questions may be submitted in advance to [email protected].

About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ compensation and health, auto, and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support our partners and their customers and patients.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025 and September 30, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

Contact: Melissa Storan
Phone: 949-851-1473
www.corvel.com

CorVel Corporation (CRVL) Q4 2026 Earnings Call Transcript

FORT WORTH, Texas, June 01, 2026 (GLOBE NEWSWIRE) -- CorVel today announced that Sarah Scott will be appointed CEO and President, effective July 1, 2026, succeeding Michael G. Combs, who will transition to the role of Executive Chair.

Plexus Corp. (NASDAQ: PLXS - Get Free Report) CEO Todd Kelsey sold 1,500 shares of the firm's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $194.24, for a total transaction of $291,360.00. Following the completion of the sale, the chief executive officer owned 81,791 shares of the

Posted by Defense World Staff on Apr 1st, 2026

Shares of Plexus Corp. (NASDAQ:PLXS – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $194.20.

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Williams Trading set a $195.00 price target on Plexus in a research report on Wednesday, January 28th. Needham & Company LLC lifted their price target on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Benchmark reiterated a “buy” rating and issued a $220.00 price objective on shares of Plexus in a report on Monday, March 16th.

Check Out Our Latest Analysis on PLXS

Plexus Stock Performance Shares of PLXS opened at $202.54 on Wednesday. Plexus has a 12-month low of $103.43 and a 12-month high of $220.17. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $5.43 billion, a PE ratio of 31.50 and a beta of 0.81. The stock has a 50-day moving average price of $196.39 and a 200-day moving average price of $165.55.

Plexus (NASDAQ:PLXS – Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $1.73 earnings per share. Plexus’s revenue for the quarter was up 9.6% compared to the same quarter last year. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. As a group, equities analysts forecast that Plexus will post 5.9 earnings per share for the current fiscal year.

Insider Buying and Selling In other Plexus news, CFO Patrick John Jermain sold 2,321 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $201.12, for a total value of $466,799.52. Following the completion of the sale, the chief financial officer directly owned 14,561 shares of the company’s stock, valued at $2,928,508.32. The trade was a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Oliver K. Mihm sold 9,541 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the sale, the chief operating officer owned 12,809 shares of the company’s stock, valued at approximately $2,579,732.60. The trade was a 42.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,495 shares of company stock worth $10,009,836 over the last ninety days. Corporate insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Plexus Hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Investing LLC boosted its holdings in Plexus by 1.6% in the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock worth $467,000 after buying an additional 50 shares during the period. Allworth Financial LP raised its holdings in Plexus by 20.8% during the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after acquiring an additional 52 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after acquiring an additional 60 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after acquiring an additional 71 shares during the period. Finally, Uncommon Cents Investing LLC boosted its stake in shares of Plexus by 0.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after acquiring an additional 75 shares during the period. Institutional investors own 94.45% of the company’s stock.

Plexus Company Profile (Get Free Report)

Plexus Corp. (NASDAQ: PLXS) is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.

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Posted by Defense World Staff on Apr 8th, 2026

SG Americas Securities LLC lessened its position in Plexus Corp. (NASDAQ:PLXS – Free Report) by 48.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,521 shares of the technology company’s stock after selling 8,112 shares during the period. SG Americas Securities LLC’s holdings in Plexus were worth $1,253,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after purchasing an additional 338,119 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Plexus by 23.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company’s stock valued at $34,753,000 after purchasing an additional 45,425 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Plexus by 28.3% in the third quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company’s stock valued at $34,792,000 after purchasing an additional 52,967 shares in the last quarter. Nicola Wealth Management LTD. bought a new stake in Plexus in the third quarter valued at approximately $6,655,000. Finally, Vanguard Group Inc. increased its stake in Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after purchasing an additional 22,374 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Plexus Price Performance Shares of NASDAQ:PLXS opened at $207.87 on Wednesday. The firm has a 50 day moving average of $199.37 and a 200-day moving average of $167.93. The stock has a market capitalization of $5.57 billion, a PE ratio of 32.33 and a beta of 0.75. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 12 month low of $108.21 and a 12 month high of $220.17.

Plexus (NASDAQ:PLXS – Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.01. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $1.73 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, equities research analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In Several brokerages have commented on PLXS. Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings raised shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Needham & Company LLC increased their price objective on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Stifel Nicolaus increased their price objective on shares of Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.20.

Check Out Our Latest Research Report on PLXS

Insider Buying and Selling at Plexus In related news, COO Oliver K. Mihm sold 9,541 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the transaction, the chief operating officer directly owned 12,809 shares of the company’s stock, valued at $2,579,732.60. This represents a 42.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Dean A. Foate sold 5,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $204.89, for a total transaction of $1,024,450.00. Following the transaction, the chairman owned 15,000 shares in the company, valued at approximately $3,073,350. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,495 shares of company stock valued at $10,009,836 over the last 90 days. Insiders own 1.78% of the company’s stock.

Plexus Profile (Free Report)

Plexus Corp. (NASDAQ: PLXS) is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.

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NEENAH, WI, April 29, 2026 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) today announced financial results for our fiscal second quarter ended April 4, 2026, and guidance for our fiscal third quarter ending July 4, 2026.

Reports record fiscal second quarter 2026 revenue of $1.164 billion, GAAP operating margin of 5.3% and GAAP diluted EPS of $1.82.Reports fiscal second quarter 2026 non-GAAP operating margin of 6.0% and non-GAAP diluted EPS of $2.05, excluding $0.23 of stock-based compensation expense.Initiates fiscal third quarter 2026 revenue guidance of $1.200 billion to $1.250 billion with GAAP diluted EPS of $1.25 to $1.41, including $0.77 of stock-based compensation expense. Fiscal third quarter non-GAAP EPS guidance of $2.02 to $2.18 excludes stock-based compensation expense.
  Three Months Ended  Apr 4, 2026 Apr 4, 2026 Jul 4, 2026  Q2F26 Results Q2F26 Guidance Q3F26 GuidanceSummary GAAP Items     Revenue (in billions)$1.164  $1.110 to $1.150 $1.200 to $1.250Operating margin 5.3%  4.9% to 5.3% 4.1% to 4.5%Diluted EPS$1.82  $1.53 to $1.68 $1.25 to $1.41       Summary Non-GAAP Items (1)     Adjusted operating margin (2) 6.0%  5.6% to 6.0% 5.9% to 6.3%Adjusted EPS (3)$2.05  $1.80 to $1.95 $2.02 to $2.18Return on invested capital (ROIC) 13.8%     Economic return 4.8%            (1) Refer to Non-GAAP Supplemental Information tables for additional information regarding non-GAAP financial measures.
(2) Excludes stock-based compensation expense of approximately 70 bps for Q2F26 results and Q2F26 guidance and 180 bps for Q3F26 guidance.
(3)Excludes stock-based compensation expense, net of tax, of $0.23 for Q2F26 results, $0.27 for Q2F26 guidance and $0.77 for Q3F26 guidance.
Fiscal Second Quarter 2026 Information

Won 30 manufacturing programs during the quarter representing a record $355 million in annualized revenue when fully ramped into production.Generated free cash flow of $16.0 million. Purchased $20.6 million of our shares at an average price of $189.22 per share under our 2026 Share Repurchase Program, leaving $42.0 million available under our existing $100.0 million authorization.
Todd Kelsey, President and Chief Executive Officer, commented, “Our momentum is accelerating broadly. For the fiscal second quarter, we increased revenue significantly year-over-year, delivered record manufacturing wins, expanded our efficiency efforts and generated robust profitability. We produced record revenue of $1.164 billion, which exceeded our guidance range and increased 19% year-over-year with significant contributions from all market sectors. In addition, non-GAAP operating margin of 6.0% met the high end of guidance, while non-GAAP EPS of $2.05 exceeded guidance.”

Mr. Kelsey added, “Our go-to-market team achieved record quarterly manufacturing wins of $355 million in annualized revenue. This included broad-based programs in aerospace and defense, expanded relationships and share gains in surgical and imaging platforms, a new engagement in data center power solutions and continued share gains in semiconductor capital equipment. While achieving this tremendous wins result, we also expanded our funnel of qualified manufacturing opportunities.”

Patrick Jermain, Executive Vice President and Chief Financial Officer, commented, “Our fiscal second quarter cash cycle of 64 days represented a better-than-expected sequential improvement of 5 days, the benefit of continued progress on working capital initiatives and stronger-than-guided revenue. Our favorable cash cycle combined with our strong operating performance produced a fiscal second quarter return on invested capital of 13.8%, which exceeded our cost of capital by 480 basis points. We also delivered $16 million in free cash flow for the fiscal second quarter, a result that surpassed our projections. We are strategically increasing working capital investments in support of accelerating revenue growth, with an expectation to maintain cash cycle days consistent with our recent performance. As a result, we now expect to generate fiscal 2026 free cash flow in the range of $50 to $75 million.”

Mr. Kelsey continued, “We anticipate continued strong performance for our fiscal third quarter from program ramps, improved end-market demand and our sustained focus on operational efficiency. We are guiding revenue of $1.200 to $1.250 billion, representing 5% sequential and 20% year-over-year growth at the midpoint, non-GAAP operating margin of 5.9% to 6.3% and non-GAAP EPS of $2.02 to $2.18.”

Mr. Kelsey concluded, “Plexus’ consistent focus on redefining excellence through our unmatched quality and delivery is shaping our decision-making and sustaining our tremendous momentum. Leveraging this momentum, and our excellent financial performance year to date, we now expect Plexus to deliver mid-teens or greater fiscal 2026 revenue growth, with robust operating performance.”

Quarterly ComparisonThree Months Ended(in thousands, except EPS)Apr 4, 2026 Jan 3, 2026 Mar 29, 2025Revenue$1,163,757  $1,069,852  $980,170 Gross profit 119,176   106,138   97,751 Operating income 61,837   54,464   48,791 Net income 49,809   41,182   39,073 Diluted EPS$1.82  $1.51  $1.41       Gross margin 10.2%   9.9%   10.0%Operating margin 5.3%   5.1%   5.0%      ROIC (1) 13.8%   13.2%   13.7%Economic return (1) 4.8%   4.2%   4.8%      (1) Refer to Non-GAAP Supplemental Information tables for non-GAAP financial measures discussed and/or disclosed in this release, such as adjusted operating margin, adjusted net income, adjusted diluted EPS, ROIC and economic return. Business Segment and Market Sector Revenue

Plexus measures operational performance and allocates resources on a geographic segment basis. Plexus also reports revenue based on the market sector breakout set forth in the table below, which reflects Plexus’ market sector focused strategy. Top 10 customers comprised 54% of revenue during the second quarter of fiscal 2026. This is up 2 percentage points from the first quarter of fiscal 2026 and up 3 percentage points from the second quarter of fiscal 2025.

Business Segments ($ in millions)Three Months Ended  Apr 4, 2026 Jan 3, 2026 Mar 29, 2025Americas$397  $345  $295 Asia-Pacific 652   612   587 Europe, Middle East and Africa 116   118   103 Elimination of inter-segment sales (1)   (5)   (5) Total Revenue$1,164  $1,070  $980         Market Sectors ($ in millions)Three Months Ended Apr 4, 2026 Jan 3, 2026 Mar 29, 2025Aerospace/Defense$21218%  $17817%  $17218% Healthcare/Life Sciences 47341%   46643%   41142% Industrial 47941%   42640%   39740% Total Revenue$1,164  $1,070  $980  Non-GAAP Supplemental Information

Plexus provides non-GAAP supplemental information, such as ROIC, economic return and free cash flow, because such measures are used for internal management goals and decision-making, and because they provide management and investors with additional insight into financial performance. In addition, management uses these and other non-GAAP measures, such as adjusted operating income, adjusted operating margin, adjusted net income and adjusted diluted EPS, to provide a better understanding of core performance for purposes of period-to-period comparisons. Plexus believes that these measures are also useful to investors because they provide further insight by eliminating the effect of non-recurring items that are not reflective of continuing operations. For additional information on non-GAAP measures, please refer to the attached Non-GAAP Supplemental Information tables.

ROIC and Economic Return

ROIC for the second quarter of fiscal 2026 was 13.8%. Plexus defines ROIC as tax-effected annualized adjusted operating income divided by average invested capital over a three-quarter period for the second fiscal quarter. Invested capital is defined as equity plus debt and operating lease obligations, less cash and cash equivalents. Plexus' weighted average cost of capital for fiscal 2026 is 9.0%. ROIC for the second quarter of fiscal 2026 less Plexus’ weighted average cost of capital resulted in an economic return of 4.8%.

Free Cash Flow

Plexus defines free cash flow as cash flows provided by operations less capital expenditures. For the three months ended April 4, 2026, cash flows provided by operations was $28.5 million and capital expenditures were $12.5 million, which resulted in free cash flow of $16.0 million.

Cash Cycle DaysThree Months Ended  Apr 4, 2026 Jan 3, 2026 Mar 29, 2025Days in Accounts Receivable55  58  57 Days in Contract Assets12  13  12 Days in Inventory120  124  132 Days in Accounts Payable(74)  (71)  (70) Days in Advanced Payments(49)  (55)  (63) Annualized Cash Cycle (1)64  69  68        (1) Plexus calculates cash cycle as the sum of days in accounts receivable, days in contract assets and days in inventory, less days in accounts payable and days in advanced payments.
Conference Call and Webcast Information

What:   Plexus Fiscal 2026 Q2 Earnings Conference Call and WebcastWhen:   Thursday, April 30, 2026 at 8:30 a.m. Eastern TimeWhere:   Participants are encouraged to join the live webcast at the investor relations section of the Plexus website, plexus.com. Participants can also join utilizing the links below:Webcast link:
https://events.q4inc.com/attendee/177402160

Replay:   The webcast will be archived on the Plexus website and will be available as on-demand for 12 months Investor and Media Contact
Shawn Harrison
+1.920.969.6325
[email protected]

About Plexus
At Plexus, we help create the products that build a better world. Driven by a passion for excellence, we partner with our customers to design, manufacture and service highly complex products in demanding regulatory environments. From life-saving medical devices and mission-critical aerospace and defense products to industrial automation systems and semiconductor capital equipment, our innovative solutions across the lifecycle of a product converge where advanced technology and human impact intersect. We provide these solutions to market-leading as well as disruptive global companies in the Aerospace/Defense, Healthcare/Life Sciences, and Industrial sectors, supported by a global team of over 20,000 members across our 27 facilities. For more information about Plexus, visit our website at www.plexus.com.

Safe Harbor and Fair Disclosure Statement
The statements contained in this press release that are guidance or which are not historical facts (such as statements in the future tense and statements including believe, expect, intend, plan, anticipate, goal, target and similar terms and concepts), including all discussions of periods which are not yet completed, are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include the effects of tariffs, trade disputes, trade agreements and other trade protection measures; the effects of shortages, delays and price fluctuations in obtaining components as a result of economic cycles, capacity constraints, natural disasters or otherwise; the risk of customer delays, changes, cancellations or forecast inaccuracies in both ongoing and new programs; the particular risks relative to new or recent customers, programs or services, which risks include customer and other delays, start-up costs, potential inability to execute, the establishment of appropriate engagement terms, and the lack of a track record of order volume and timing; the risk that new program wins and/or customer demand may not result in the expected revenue or profitability; the lack of visibility of future orders, particularly in view of changing economic conditions; the economic performance of the industries, sectors and customers we serve; the effects of the volume of revenue from certain sectors or programs on our margins in particular periods; our ability to secure new customers, maintain our current customers and deliver product on a timely basis; the risks of concentration of work for certain customers; the effects of start-up costs of new programs and facilities or the costs associated with winding down programs or the closure or consolidation of facilities; possible unexpected costs and operating disruption in transitioning programs, including transitions between Company facilities; the risks associated with excess and obsolete inventory, including the risk that inventory purchased on behalf of our customers may not be consumed or otherwise paid for by the customer, resulting in an inventory write-off; the fact that customer orders may not lead to long-term relationships; our ability to manage successfully and execute a complex business model characterized by high product mix and demanding quality, regulatory, and other requirements; the outcome of litigation and regulatory investigations and proceedings, including the results of any challenges with regard to such outcomes; the ability to realize anticipated savings from restructuring or similar actions, as well as the adequacy of related charges as compared to actual expenses; risks related to information technology systems and data security; increasing regulatory and compliance requirements; any tax law changes and related foreign jurisdiction tax developments; current or potential future barriers to the repatriation of funds that are currently held outside of the United States as a result of actions taken by other countries or otherwise; the potential effects of jurisdictional results on our taxes, tax rates, and our ability to use deferred tax assets and net operating losses; the weakness of the economy regionally or globally; the effect of changes in the pricing and margins of our services; raw materials and component cost fluctuations; the potential effect of fluctuations in the value of the currencies in which we transact business; the effects of changes in economic conditions, political conditions and regulatory matters in the United States and in the other countries in which we do business; the potential effect of other events outside our control, such as the conflict between Russia and Ukraine, conflict in the Middle East (including in Iran), escalating tensions between China and Taiwan or China and the United States, tensions in or amongst countries in which we operate or transact business, changes in energy prices, terrorism, global health epidemics and weather events; the impact of increased competition; an inability to successfully manage human capital; changes in financial accounting standards; and other risks detailed herein and in our other Securities and Exchange Commission filings, particularly in Risk Factors contained in our fiscal 2025 Form 10-K.

PLEXUS CORP. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)(unaudited)       Three Months Ended Six Months Ended Apr 4, Mar 29, Apr 4, Mar 29, 2026
 2025
 2026
 2025
Net sales$1,163,757  $980,170  $2,233,609  $1,956,292 Cost of sales 1,044,581   882,419   2,008,295   1,757,849 Gross profit 119,176   97,751   225,314   198,443 Operating expenses:       Selling and administrative expenses 57,339   48,960   109,013   98,109 Restructuring and other charges, net —   —   —   4,683 Operating income 61,837   48,791   116,301   95,651 Other income (expense):       Interest expense (3,422)   (3,137)   (6,310)   (6,691) Interest income 812   871   1,796   2,105 Miscellaneous, net (1,350)   (1,502)   (2,878)   (2,548) Income before income taxes 57,877   45,023   108,909   88,517 Income tax expense 8,068   5,950   17,918   12,177 Net income$49,809  $39,073  $90,991  $76,340 Earnings per share:       Basic$1.86  $1.44  $3.40  $2.82 Diluted$1.82  $1.41  $3.32  $2.75 Weighted average shares outstanding:       Basic 26,757   27,109   26,762   27,098 Diluted 27,310   27,662   27,369   27,726  PLEXUS CORP. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)(unaudited) Apr 4, Sep 27,  2026   2025 ASSETS   Current assets:   Cash and cash equivalents$303,133  $306,464 Restricted cash 48   294 Accounts receivable 702,339   656,573 Contract assets 160,382   150,654 Inventories 1,373,732   1,229,839 Prepaid expenses and other 97,569   54,969 Total current assets 2,637,203   2,398,793 Property, plant and equipment, net 535,171   546,052 Operating lease right-of-use assets 68,632   72,863 Deferred income taxes 91,663   91,349 Other assets 28,300   28,053 Total non-current assets 723,766   738,317 Total assets$3,360,969  $3,137,110     LIABILITIES AND SHAREHOLDERS’ EQUITY   Current liabilities:   Current portion of long-term debt and finance lease obligations$143,112  $45,793 Accounts payable 851,909   726,597 Advanced payments from customers 565,346   575,850 Accrued salaries and wages 90,924   109,076 Other accrued liabilities 60,989   61,367 Total current liabilities 1,712,280   1,518,683 Long-term debt and finance lease obligations, net of current portion 91,034   91,987 Long-term operating lease liabilities 25,769   29,422 Deferred income taxes 5,155   6,000 Other liabilities 36,931   36,430 Total non-current liabilities 158,889   163,839 Total liabilities 1,871,169   1,682,522 Shareholders’ equity:   Common stock 549   547 Additional paid-in-capital 689,909   695,653 Common stock held in treasury (1,298,881)   (1,255,451) Retained earnings 2,087,019   1,996,028 Accumulated other comprehensive income 11,204   17,811 Total shareholders’ equity 1,489,800   1,454,588 Total liabilities and shareholders’ equity$3,360,969  $3,137,110       PLEXUS CORP. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited)     Six Months Ended Apr 4, Mar 29, 2026
 2025
Cash flows from operating activities   Net income$90,991  $76,340 Adjustments to reconcile net income to net cash flows from operating activities:   Depreciation and amortization 38,493   38,925 Share-based compensation expense and related charges 15,685   14,771 Other, net (88)   (6,125) Changes in operating assets and liabilities, excluding impacts of currency:   Accounts receivable (47,335)   9,100 Contract assets (9,770)   (15,624) Inventories (145,413)   25,310 Other current and non-current assets (45,965)   (240) Accrued income taxes payable (7,006)   (12,390) Accounts payable 146,673   70,624 Advanced payments from customers (9,945)   (95,297) Other current and non-current liabilities (13,240)   (15,064) Cash flows provided by operating activities 13,080   90,330 Cash flows from investing activities   Payments for property, plant and equipment (47,650)   (46,726) Other, net (29)   (28) Cash flows used in investing activities (47,679)   (46,754) Cash flows from financing activities   Borrowings under debt agreements 384,500   127,000 Payments on debt and finance lease obligations (289,863)   (165,202) Repurchases of common stock (43,430)   (25,366) Payments related to tax withholding for share-based compensation (21,426)   (14,527) Cash flows provided by (used in) financing activities 29,781   (78,095) Effect of exchange rate changes on cash and cash equivalents 1,241   (2,381) Net decrease in cash and cash equivalents and restricted cash (3,577)   (36,900) Cash and cash equivalents and restricted cash:   Beginning of period 306,758   347,462 End of period$303,181  $310,562       PLEXUS CORP. AND SUBSIDIARIESNON-GAAP SUPPLEMENTAL INFORMATION Table 1(in thousands, except per share data)(unaudited)             Three Months Ended Six Months Ended  Apr 4, Jan 3, Mar 29, Apr 4, Mar 29,  2026
 2026
 2025
 2026
 2025
Operating income, as reported$61,837  $54,464  $48,791  $116,301  $95,651 Operating margin, as reported 5.3%   5.1%   5.0%   5.2%   4.9%            Non-GAAP adjustments:         Restructuring costs (1) —   —   —   —   4,683 Stock-based compensation 7,922   7,765   7,132   15,687   14,122 Non-GAAP operating income$69,759  $62,229  $55,923  $131,988  $114,456 Non-GAAP operating margin 6.0%   5.8%   5.7%   5.9%   5.9%            Net income, as reported$49,809  $41,182  $39,073  $90,991  $76,340            Non-GAAP adjustments:         Restructuring costs, net of tax (1) —   —   —   —   4,191 Stock-based compensation, net of tax 6,055   7,377   6,775   13,432   13,415 Adjusted net income$55,864  $48,559  $45,848  $104,423  $93,946            Diluted earnings per share, as reported$1.82  $1.51  $1.41  $3.32  $2.75            Non-GAAP per share adjustments:         Restructuring costs, net of tax (1) —   —   —   —   0.15 Stock-based compensation, net of tax 0.23   0.27   0.25   0.50   0.49 Adjusted diluted earnings per share$2.05  $1.78  $1.66  $3.82  $3.39            (1) During the six months ended March 29, 2025, restructuring costs of $4.7 million, or $4.2 million net of taxes, were incurred primarily for employee severance costs associated with a reduction in the Company’s workforce in the EMEA and AMER regions.
                                             PLEXUS CORP. AND SUBSIDIARIESNON-GAAP SUPPLEMENTAL INFORMATION Table 2(in thousands)(unaudited)      ROIC and Economic Return CalculationsSix Months Ended Three Months Ended Six Months Ended Apr 4, Jan 3, Mar 29, 2026
 2026
 2025
Operating income, as reported $116,301   $54,464   $95,651 Restructuring and other charges, net+ —  + —  + 4,683 Adjusted operating income $116,301   $54,464   $100,334  x 2  x 4  x 2          Adjusted annualized operating income $232,602   $217,856   $200,668 Adjusted effective tax ratex 17%  x 17%  x 13% Tax impact  39,542    37,036    26,087 Adjusted operating income (tax-effected) $193,060   $180,820   $174,581          Average invested capital÷$1,401,134  ÷$1,374,532  ÷$1,276,742 ROIC  13.8%    13.2%    13.7% Weighted average cost of capital- 9.0%  - 9.0%  - 8.9% Economic return  4.8%    4.2%    4.8%                 Average Invested Capital CalculationsApr 4, Jan 3, Sep 27, Jun 28, Mar 29, Dec 28, Sep 28,  2026
 2026
 2025
 2025
 2025
 2024
 2024
 Equity$1,489,800  $1,481,063  $1,454,588  $1,419,085  $1,351,675  $1,319,069  $1,324,825  Plus:              Debt and finance lease obligations - current 143,112   66,837   45,793   50,678   121,014   121,977   157,325  Operating lease obligations - current (1) 7,758   7,943   8,253   8,470   9,968   14,875   14,697  Debt and finance lease obligations - long-term 91,034   91,139   91,987   92,215   88,761   88,728   89,993  Operating lease obligations - long-term 25,769   27,327   29,422   31,192   32,720   35,124   32,275  Less: Cash and cash equivalents (303,133)   (248,825)   (306,464)   (237,567)   (310,531)   (317,161)   (345,109)   $1,454,340  $1,425,484  $1,323,579  $1,364,073  $1,293,607  $1,262,612  $1,274,006                  (1)Included in other accrued liabilities on the Condensed Consolidated Balance Sheets.

Plexus (PLXS - Free Report) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.87 per share. This compares to earnings of $1.66 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.43%. A quarter ago, it was expected that this electronic manufacturing services company would post earnings of $1.77 per share when it actually produced earnings of $1.78, delivering a surprise of +0.56%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Plexus, which belongs to the Zacks Electronics - Manufacturing Services industry, posted revenues of $1.16 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.99%. This compares to year-ago revenues of $980.17 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Plexus shares have added about 67.6% since the beginning of the year versus the S&P 500's gain of 4.3%.

What's Next for Plexus?While Plexus has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Plexus was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.00 on $1.15 billion in revenues for the coming quarter and $7.74 on $4.52 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Manufacturing Services is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

C3.ai, Inc. (AI - Free Report) , another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended April 2026.

This company is expected to post quarterly loss of $0.38 per share in its upcoming report, which represents a year-over-year change of -137.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

C3.ai, Inc.'s revenues are expected to be $49.75 million, down 54.2% from the year-ago quarter.

PLXS beats Q2 EPS estimates and posts higher revenues, fueled by strong program wins and rising demand, while boosting its fiscal 2026 growth outlook.

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The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Plexus (PLXS - Free Report) Founded in 1979, Neenah, WI-based Plexus Corp. is a leading provider of electronic contract manufacturing services to original equipment manufacturers (OEMs) in a wide range of industries, including Healthcare/Life Sciences, Industrial and Aerospace/Defense market sectors.

PLXS is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Computer and Technology stock. PLXS has a Momentum Style Score of A, and shares are up 20.9% over the past four weeks.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $7.74 per share. PLXS boasts an average earnings surprise of +9.4%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PLXS should be on investors' short list.

Plexus (PLXS) reported earnings 30 days ago. What's next for the stock?

On June 02, 2026, Plexus Corp PLXS shares rose 3.2% today, currently priced at $280.25. The stock has experienced considerable price movement in the past year, with a 52-week range from $115.35 to $283.22.

GF Value™ verdict: The current price is $280.25, while GF Value™ estimates fair value at $146.60, indicating the stock is 91.2% overvalued.GF Score™: 81/100, which suggests a strong overall performance based on key financial aspects.Most notable signal: Insiders sold $5.3M in the last 3 months, with no buying activity reported. Is PLXS Overvalued or Undervalued? Plexus Corp PLXS is currently trading at $280.25, significantly above the GF Value™ estimate of $146.60. This represents an overvaluation of approximately 91.2%, which raises concerns regarding the stock's current price relative to its intrinsic value. The GF Valuation label classifies PLXS as significantly overvalued, suggesting that investors may face potential risks if they are buying at these elevated levels.

The margin of safety is crucial to consider in such scenarios. With the stock trading well above its GF Value™, investors may be exposed to considerable downside risk if the market corrects or if the company fails to meet heightened expectations. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

How Does PLXS's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 41.0x 21.7x Forward P/E 29.9x N/A The current P/E ratio of Plexus Corp (41.0x) is significantly above its 5-year median P/E of 21.7x, indicating that the stock is trading at a premium compared to its historical valuation. The forward P/E of 29.9x further supports the notion that PLXS is overvalued, as it is also above historical norms. This P/E analysis aligns with the GF Value™ verdict, reinforcing the conclusion that Plexus Corp is currently overvalued.

What Does PLXS's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021).

Metric Rating GF Score™ 81 Financial Strength 8/10 Profitability 8/10 Growth 10/10 Valuation 1/10 Momentum 6/10 Plexus Corp exhibits a strong GF Score™ of 81/100, driven primarily by its exceptional growth rank of 10/10 and solid ratings in financial strength and profitability (both 8/10). However, the low valuation rank of 1/10 suggests that the stock is not priced attractively based on its current valuation metrics. This indicates a potential disconnect between the company's strong operational performance and its market price, which is notably inflated at present.

What Are Insiders Doing with PLXS Stock? In the past three months, insiders have sold $5.3 million worth of Plexus Corp stock, with no reported purchases. This trend of selling may signal a lack of confidence from those with intimate knowledge of the company, which could be interpreted as a cautionary sign for potential investors. While insider selling does not always indicate negative sentiment, the absence of buying activity amidst significant sales could suggest that insiders believe the stock is overvalued at current levels.

What This Means for Investors Based on the analysis of GF Value™, Plexus Corp PLXS is currently overvalued. With a significant disparity between the current share price and its intrinsic value as calculated by GF Value™, investors should exercise caution when considering an investment in this stock.

For the complete analysis, visit the Plexus Corp PLXS stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is PLXS's GF Score™?

PLXS has a GF Score™ of 81/100, indicating a strong overall performance based on key financial aspects and suggesting good long-term return potential.

Is PLXS overvalued or undervalued?

PLXS is currently overvalued, with a GF Value™ of $146.60 indicating a significant discrepancy from its current price of $280.25.

What is PLXS's P/E ratio?

PLXS's P/E (TTM) is 41.0x, which is 89% above its 5-year median P/E of 21.7x, indicating the stock is trading at a premium compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

, /PRNewswire/ - Boyd Group Services Inc. (TSX: BYD) (NYSE: BGSI) ("BGSI", "Boyd", or "the Boyd Group") is pleased to announce the appointment of Steve Hoeft as Chief Operations Officer for the Boyd Group's U.S. collision business and the appointment of Zach Balthrop as Chief Commercial Officer for the Boyd Group. 

Mr. Hoeft joins Boyd following nine years with Bridgestone Americas, where he most recently served as President of the Commercial Truck Group since 2022.  In that role, he led a large-scale business unit across the U.S. and Canada, with responsibility spanning multiple channels, including OEM, commercial dealer and national fleet accounts. Key areas of responsibility included oversight of a commercial network of approximately 4,000 locations, as well as key functions such as product planning, demand planning and supply chain. Prior to his time at Bridgestone Americas, Steve held leadership positions at Brink's, Inc., Advance Auto Parts, and Corporate Express (a Staples, Co.).

Mr. Balthrop has been with the company since 2024 and has served as the leader of Boyd's South Division, where he has consistently delivered strong performance and operational excellence. Prior to his time at Boyd, Zach most recently held the role of Chief Commercial Officer at FYX Fleet and the role of Senior Vice President, Sales, Marketing and Customer Experience at Pep Boys Auto Service and Tires. As Chief Commercial Officer, he will be focused on leveraging the sales resources we have across the company to holistically support all lines of business and continue to enhance and expand our client relationships. Cameron Dickson, who previously held the role of Chief Operating Officer at Joe Hudson's Collision Center prior to the acquisition by Boyd, will take over the role of Senior Vice President of Boyd's South Division.

"These enhancements to our leadership structure have been implemented to add further strength to our executive team and align our organization with the evolving needs of the business," said Brian Kaner, President and Chief Executive Officer of the Boyd Group. "Steve Hoeft's extensive experience across a large commercial network of approximately 4,000 locations makes him the ideal leader to champion our operational strategy. In this role, he will oversee the U.S. Collision Operations, Mobile Solutions, Procurement, Continuous Improvement & Operational Excellence, as well as Safety, ensuring we continue to strengthen our market position, advance our strategic and corporate objectives and deliver the highest quality service across our U.S. collision business."

"The creation of the Chief Commercial Officer role is a key step in our growth strategy," continued Mr. Kaner. "Zach's leadership will be instrumental in driving our commercial efforts by overseeing sales, client performance, M&A, and marketing across our business units. Together, these appointments enhance our leadership depth and position the organization to execute on its strategic priorities," concluded Mr. Kaner.

About Boyd Group Services Inc.

Boyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. Boyd Group Services Inc. shares trade on the Toronto Stock Exchange (TSX) under the symbol BYD and the New York Stock Exchange (NYSE) under the symbol BGSI. For more information on The Boyd Group Inc. or Boyd Group Services Inc., please visit our website at http://www.boydgroup.com.

About The Boyd Group Inc.

Boyd Group Services Inc. ("BGSI"), through its operating company, The Boyd Group Inc. and its subsidiaries ("Boyd" or the "Company"), is one of the largest operators of non-franchised collision repair centers in North America in terms of number of locations and sales. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a major retail auto glass operator in the U.S., under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. In addition, the Company operates a third party administrator, Gerber National Claims Services ("GNCS"), that offers glass, emergency roadside and first notice of loss services. The Company also operates Mobile Auto Solutions ("MAS") in the U.S. and Volta Auto Diagnostics Ltd. ("Volta") in Canada that offer scanning and calibration services. For more information on The Boyd Group Inc. or Boyd Group Services Inc., please visit our website at http://www.boydgroup.com.

Caution concerning forward-looking statements

Statements made in this press release, other than those concerning historical information, may be "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws of the U.S. and Canada, respectively (collectively, "forward-looking statements") and therefore subject to various risks and uncertainties. Some forward-looking statements may be identified by words such as "may", "will", "anticipate", "estimate", "expect", "intend", "continue", "will", "project", "target", "plan", "goal" or the negative thereof or similar variations.

The forward-looking statements in this press release include, without limitation, statements regarding: Boyd's outlook and expectations regarding performance relative to industry peers; trends and industry conditions;  execution of the Company's growth strategy and outlook; progress on Project 360 initiatives; the Company's financial metric goals, including for Adjusted EBITDA margin; growth opportunities presented by the Company's increased scale, greater market density, expanded platform and fragmentation; the Company's ability to execute on the pipeline of approximately eight to ten start-up locations per quarter, including expectations to open eight start-up locations in the first quarter of 2026; the Company's ability to activate the stores in its development pipeline for 2026; and the Company's ability to deliver sustained growth and value creation for shareholders and customers.

Forward-looking statements are subject to significant risks and uncertainties and are based on a number of assumptions and estimates. Forward-looking statements are based on certain assumptions and analyses made by Boyd concerning its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate. A number of factors could cause actual results, performance or achievement to differ materially from those discussed or implied in the forward-looking statements. Risks and uncertainties related to Boyd's business include, but are not limited to, risks and uncertainties relating to: acquisition and new location risk; employee relations and staffing; operational performance; brand management and reputation; market environment change; reliance on technology;  corporate governance; decline in number of insurance claims; low capture rates; supply chain risk; margin pressure and sales mix changes; economic downturn; changes in client relationships; environmental, health and safety risk; climate change and weather conditions; pandemic risk; competition; access to capital; dependence on key personnel; tax position risk; increased government regulation and tax risk; fluctuations in operating results and seasonality; risk of litigation; execution on new strategies; insurance risk; interest rates; U.S. health care costs and workers compensation claims; foreign currency risk; capital expenditures; public company costs; foreign private issuer status; differences in Canadian and U.S. corporate and securities laws; enforceability against foreign persons and of foreign judgments; intellectual property; and energy costs; and Boyd's success in anticipating and managing the foregoing risks. 

We caution that the foregoing list of factors is not exhaustive and that when reviewing our forward-looking statements, investors and others should refer to the "Business Risks and Uncertainties" section of Boyd's Annual Information Form, the "Business Risks and Uncertainties" and other sections of our Management's Discussion and Analysis of Operating Results and Financial Position and our other periodic filings with Canadian securities regulatory authorities and the SEC from time to time, available at www.sedarplus.ca and www.sec.gov. All forward-looking statements presented herein should be considered in conjunction with such filings. Readers are cautioned not to place undue reliance on such forward-looking statements, as actual results may differ materially from those expressed or implied in such statements.

The forward-looking statements in this press release reflect the Boyd's current expectations, assumptions and/or beliefs based on information currently available, including with respect to such things as conditions in the collision and auto glass repair business, including weather, accident frequency, cost of repair, miles driven and available repairable vehicles; the Company's ability to complete the integration of acquired businesses within anticipated time periods and at expected cost levels; the Company's ability to achieve synergies arising from successful integration of acquired businesses; the impact of acquisitions on growth; the accuracy and completeness of the information (including financial information) regarding acquired businesses; the absence of significant undisclosed costs or liabilities associated with acquisitions; the successful implementation of margin improvement initiatives; the future performance and results of our business and operations; general economic conditions, industry forecasts and/or trends, the government and regulatory environment and potential impacts thereof. Although the Company believes the expectations reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be given that actual results will be consistent with those expressed or implied in such forward-looking statements, and they should not be unduly relied upon. There can be no assurance that such expectations and assumptions will prove to be correct. The forward-looking statements contained in this presentation describe the expectations of the Company as of the date of this press release. Except as required by law, the Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement.

SOURCE Boyd Group Services Inc.

Boyd Gaming (BYD) came out with quarterly earnings of $1.6 per share, missing the Zacks Consensus Estimate of $1.76 per share. This compares to earnings of $1.62 per share a year ago.

For the quarter ended March 2026, Boyd Gaming (BYD - Free Report) reported revenue of $997.36 million, up 0.6% over the same period last year. EPS came in at $1.60, compared to $1.62 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $993.19 million, representing a surprise of +0.42%. The company delivered an EPS surprise of -8.99%, with the consensus EPS estimate being $1.76.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Boyd performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues by Segment- Managed & Other: $38.53 million versus the four-analyst average estimate of $37.97 million. The reported number represents a year-over-year change of +3.2%.Revenues by Segment- Downtown Las Vegas: $54.94 million compared to the $56.51 million average estimate based on four analysts. The reported number represents a change of -4.1% year over year.Revenues by Segment- Midwest and South: $525.09 billion versus the four-analyst average estimate of $519.46 million. The reported number represents a year-over-year change of +103963.9%.Revenues by Segment- Las Vegas Locals: $217.1 million versus the four-analyst average estimate of $223.02 million. The reported number represents a year-over-year change of -2.6%.Adjusted EBITDAR- Online: $8.36 million compared to the $7.04 million average estimate based on four analysts.Adjusted EBITDAR- Managed & Other: $28.42 million compared to the $27.5 million average estimate based on four analysts.Adjusted EBITDAR- Corporate expense: $-30.86 million versus $-24.68 million estimated by four analysts on average.Adjusted EBITDAR- Downtown Las Vegas: $18.9 million versus the four-analyst average estimate of $20.05 million.Adjusted EBITDAR- Midwest and South: $192.64 million compared to the $186.04 million average estimate based on four analysts.Adjusted EBITDAR- Las Vegas Locals: $99.96 million versus the four-analyst average estimate of $104.99 million.View all Key Company Metrics for Boyd here>>>

Shares of Boyd have returned +1.5% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.