Plexus Corp. (PLXS) financial statements: income statement, balance sheet and cash flow

Plexus Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 27, 2025 · FY), Plexus Corp. reported revenue of $4.0B (+1.8% year on year) and net income of $172.9M (+54.6% year on year).

Income statement

Plexus Corp. income statement, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 1, 2022 · FY
Net sales	$4.0B	$4.0B	$4.2B	$3.8B
Cost of sales	$3.6B	$3.6B	$3.8B	$3.5B
Gross profit	$406.5M	$378.5M	$394.6M	$347.2M
Selling and administrative expenses	$199.5M	$190.5M	$175.6M	$167.0M
Restructuring and other charges, net	$4.7M	$20.3M	$23.1M	$2.0M
Operating income	$202.4M	$167.7M	$195.8M	$178.2M
Interest expense	($11.6M)	($28.9M)	($31.5M)	($15.9M)
Interest income	$3.9M	$3.9M	$3.1M	$1.3M
Miscellaneous, net	($6.7M)	($13.2M)	($6.4M)	($5.3M)
Income before income taxes	$188.0M	$129.5M	$161.0M	$158.3M
Income tax expense	$15.1M	$17.7M	$21.9M	$20.1M
Net income	$172.9M	$111.8M	$139.1M	$138.2M
Basic (in dollars per share)	$6.39	$4.08	$5.04	$4.96
Diluted (in dollars per share)	$6.26	$4.01	$4.95	$4.86
Basic (in shares)	27.0M	27.4M	27.6M	27.9M
Diluted (in shares)	27.6M	27.9M	28.1M	28.4M
Derivative instrument and other fair value adjustments	($1.4M)	$15.9M	$1.2M	($5.2M)
Foreign currency translation adjustments	$8.6M	$19.0M	$10.5M	($27.8M)
Other comprehensive income	$7.2M	—	—	—
Total comprehensive income	$180.1M	$146.8M	$150.8M	$105.2M

Plexus Corp. income statement, quarters

Line item	Jul 4, 2026 · Q3	Apr 4, 2026 · Q2	Jan 3, 2026 · Q1	Jun 28, 2025 · Q3
Net sales	$1.3B	$1.2B	$1.1B	$1.0B
Cost of sales	$1.2B	$1.0B	$963.7M	$915.0M
Gross profit	$131.4M	$119.2M	$106.1M	$103.3M
Selling and administrative expenses	$70.1M	$57.3M	$51.7M	$49.7M
Restructuring and other charges, net	$0	$0	$0	$0
Operating income	$61.3M	$61.8M	$54.5M	$53.6M
Interest expense	($4.1M)	($3.4M)	($2.9M)	($2.5M)
Interest income	$1.5M	$812.0K	$984.0K	$934.0K
Miscellaneous, net	($2.2M)	($1.4M)	($1.5M)	($2.2M)
Income before income taxes	$56.4M	$57.9M	$51.0M	$49.8M
Income tax expense	$13.5M	$8.1M	$9.8M	$4.7M
Net income	$43.0M	$49.8M	$41.2M	$45.1M
Basic (in dollars per share)	$1.61	$1.86	$1.54	$1.67
Diluted (in dollars per share)	$1.58	$1.82	$1.51	$1.64
Basic (in shares)	26.7M	26.8M	26.8M	27.1M
Diluted (in shares)	27.3M	27.3M	27.3M	27.5M
Derivative instrument and other fair value adjustments	($3.8M)	($6.9M)	$3.2M	$15.0M
Foreign currency translation adjustments	($53.0K)	($3.7M)	$793.0K	$18.6M
Other comprehensive (loss) income	($3.9M)	($10.6M)	$4.0M	$33.6M
Total comprehensive income	$39.1M	$39.2M	$45.1M	$78.7M

Balance sheet

Plexus Corp. balance sheet, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 1, 2022 · FY
Cash and cash equivalents	$306.5M	$345.1M	$256.2M	$274.8M
Restricted cash	$294.0K	$2.4M	$421.0K	$665.0K
Accounts receivable, net of allowances of $2,381 and $3,189, respectively	$656.6M	$622.4M	$661.5M	$737.7M
Contract assets	$150.7M	$120.6M	$142.3M	$138.5M
Inventories	$1.2B	$1.3B	$1.6B	$1.6B
Prepaid expenses and other	$55.0M	$75.3M	$49.7M	$61.6M
Total current assets	$2.4B	$2.5B	$2.7B	$2.8B
Property, plant and equipment, net	$546.1M	$501.1M	$492.0M	$444.7M
Operating lease right-of-use assets	$72.9M	$74.4M	$69.4M	$65.1M
Deferred income taxes	$91.3M	$73.9M	$62.6M	$39.1M
Other assets	$28.1M	$27.3M	$25.0M	$28.2M
Total non-current assets	$738.3M	$676.7M	$648.9M	$577.1M
Total assets	$3.1B	$3.2B	$3.3B	$3.4B
Current portion of long-term debt and finance lease obligations	$45.8M	$157.3M	$240.2M	$274.0M
Accounts payable	$726.6M	$606.4M	$646.6M	$805.6M
Advanced payments from customers	$575.9M	$709.2M	$760.4M	—
Accrued salaries and wages	$109.1M	$94.4M	$94.1M	$88.9M
Other accrued liabilities	$61.4M	$76.0M	$71.4M	$357.3M
Total current liabilities	$1.5B	$1.6B	$1.8B	$2.0B
Long-term debt and finance lease obligations, net of current portion	$92.0M	$90.0M	$190.9M	$187.8M
Accrued income taxes payable	$0	$17.2M	$31.4M	$42.0M
Long-term operating lease liabilities	$29.4M	$32.3M	$38.6M	$33.6M
Deferred income taxes	$6.0M	$8.2M	$4.3M	$6.3M
Other liabilities	$36.4M	$38.0M	$29.0M	$21.6M
Total non-current liabilities	$163.8M	$185.7M	$294.1M	$291.3M
Total liabilities	$1.7B	$1.8B	$2.1B	$2.3B
Preferred stock, $0.01 par value, 5,000 shares authorized, none issued or outstanding	0	0	0	0
Common stock, $0.01 par value, 200,000 shares authorized, 54,670 and 54,489 shares issued, respectively, and 26,828 and 27,122 shares outstanding, respectively	547.0K	545.0K	543.0K	541.0K
Additional paid-in capital	$695.7M	$680.6M	$661.3M	$652.5M
Common stock held in treasury, at cost, 27,842 and 27,367 shares, respectively	-1.3B	-1.2B	-1.1B	-1.1B
Retained earnings	$2.0B	$1.8B	$1.7B	$1.6B
Accumulated other comprehensive income	$17.8M	$10.6M	($24.3M)	($36.0M)
Total shareholders’ equity	$1.5B	$1.3B	$1.2B	$1.1B
Total liabilities and shareholders’ equity	$3.1B	$3.2B	$3.3B	$3.4B

Plexus Corp. balance sheet, quarters

Line item	Jul 4, 2026	Apr 4, 2026	Jan 3, 2026	Jun 28, 2025
Cash and cash equivalents	$314.1M	$303.1M	$248.8M	$237.6M
Restricted cash	$514.0K	$48.0K	$598.0K	$50.0K
Accounts receivable, net of allowances of $2,189 and $2,381, respectively	$795.2M	$702.3M	$679.7M	$663.5M
Contract assets	$193.9M	$160.4M	$152.7M	$145.1M
Inventories	$1.5B	$1.4B	$1.3B	$1.3B
Prepaid expenses and other	$103.3M	$97.6M	$69.5M	$70.5M
Total current assets	$2.9B	$2.6B	$2.5B	$2.4B
Property, plant and equipment, net	$546.2M	$535.2M	$538.6M	$534.6M
Operating lease right-of-use assets	$66.6M	$68.6M	$70.3M	$74.7M
Deferred income taxes	$95.2M	$91.7M	$91.3M	$73.5M
Other assets	$30.4M	$28.3M	$29.0M	$27.7M
Total non-current assets	$738.3M	$723.8M	$729.3M	$710.6M
Total assets	$3.6B	$3.4B	$3.2B	$3.1B
Current portion of long-term debt and finance lease obligations	$183.8M	$143.1M	$66.8M	$50.7M
Accounts payable	$978.9M	$851.9M	$745.6M	$722.3M
Advanced payments from customers	$602.9M	$565.3M	$580.4M	$592.5M
Accrued salaries and wages	$111.6M	$90.9M	$82.3M	$89.8M
Other accrued liabilities	$68.6M	$61.0M	$68.5M	$61.2M
Total current liabilities	$1.9B	$1.7B	$1.5B	$1.5B
Long-term debt and finance lease obligations, net of current portion	$91.6M	$91.0M	$91.1M	$92.2M
Long-term operating lease liabilities	$23.9M	$25.8M	$27.3M	$31.2M
Deferred income taxes	$7.3M	$5.2M	$5.2M	$6.0M
Other liabilities	$36.2M	$36.9M	$37.6M	$40.7M
Total non-current liabilities	$159.1M	$158.9M	$161.3M	$170.1M
Total liabilities	$2.1B	$1.9B	$1.7B	$1.7B
Preferred stock, $0.01 par value, 5,000 shares authorized, none issued or outstanding	0	0	0	0
Common stock, $0.01 par value, 200,000 shares authorized, 54,861 and 54,670 shares issued, respectively, and 26,677 and 26,828 shares outstanding, respectively	549.0K	549.0K	547.0K	547.0K
Additional paid-in capital	$710.4M	$689.9M	$699.4M	$688.0M
Common stock held in treasury, at cost, 28,184 and 27,842 shares, respectively	-1.3B	-1.3B	-1.3B	-1.2B
Retained earnings	$2.1B	$2.1B	$2.0B	$1.9B
Accumulated other comprehensive income	$7.3M	$11.2M	$21.8M	$19.9M
Total shareholders’ equity	$1.5B	$1.5B	$1.5B	$1.4B
Total liabilities and shareholders’ equity	$3.6B	$3.4B	$3.2B	$3.1B

Cash flow statement

Plexus Corp. cash flow statement, fiscal years

Line item	Sep 27, 2025 · FY	Sep 28, 2024 · FY	Sep 30, 2023 · FY	Oct 1, 2022 · FY
Net income	$172.9M	$111.8M	$139.1M	$138.2M
Depreciation and amortization	$77.8M	$77.8M	$69.8M	$62.7M
Share-based compensation expense and related charges	$30.3M	$30.3M	$21.3M	$23.3M
Asset impairment charges	$0	$4.7M	—	$0
Deferred income tax benefit	($16.3M)	($7.1M)	($22.4M)	($10.8M)
Other, net	($6.6M)	($5.7M)	($579.0K)	$972.0K
Accounts receivable	($30.7M)	$45.0M	$81.5M	($230.0M)
Contract assets	($29.7M)	$21.7M	($3.2M)	($23.4M)
Inventories	$84.9M	$262.3M	$48.6M	($653.0M)
Other current and non-current assets	$13.5M	($14.5M)	$9.2M	($1.2M)
Accrued income taxes payable	($14.7M)	($18.1M)	($5.7M)	($713.0K)
Accounts payable	$98.6M	($30.8M)	($170.7M)	$176.0M
Advanced payments from customers	($134.5M)	($55.9M)	($21.8M)	—
Other current and non-current liabilities	$3.8M	$15.0M	$20.7M	$209.6M
Cash flows provided by operating activities	$249.2M	$436.5M	$165.8M	($26.2M)
Payments for property, plant and equipment	($95.3M)	($95.2M)	($104.0M)	($101.6M)
Proceeds from insurance	$0	$0	$10.8M	—
Other, net	($347.0K)	$235.0K	($45.0K)	$51.0K
Cash flows used in investing activities	($95.6M)	($94.9M)	($93.3M)	($101.6M)
Borrowings under debt agreements	$477.0M	$550.5M	$748.5M	$758.0M
Payments on debt and finance lease obligations	($592.8M)	($739.5M)	($787.8M)	($556.7M)
Repurchases of common stock	($65.3M)	($55.7M)	($40.9M)	($50.4M)
Proceeds from exercise of stock options	$0	$210.0K	$8.0K	$480.0K
Payments related to tax withholding for share-based compensation	($15.3M)	($11.2M)	($12.5M)	($11.2M)
Cash flows used in financing activities	($196.4M)	($255.6M)	($92.7M)	$139.3M
Effect of exchange rate changes on cash and cash equivalents	$2.1M	$4.8M	$1.4M	($6.5M)
Net (decrease) increase in cash and cash equivalents and restricted cash	($40.7M)	$90.8M	($18.8M)	$5.0M
Beginning of period	$347.5M	$256.7M	$275.5M	$270.5M
End of period	$306.8M	$347.5M	$256.7M	$275.5M
Interest paid	$12.3M	$29.5M	$32.8M	$15.3M
Income taxes paid	$44.8M	$46.2M	$43.6M	$16.9M

Plexus Corp. cash flow statement, quarters

Line item	Jul 4, 2026 · YTD	Apr 4, 2026 · YTD	Jan 3, 2026 · Q1	Jun 28, 2025 · YTD
Net income	$134.0M	$91.0M	$41.2M	$121.5M
Depreciation and amortization	$57.4M	$38.5M	$19.2M	$58.5M
Share-based compensation expense and related charges	$36.8M	$15.7M	$7.8M	$22.5M
Other, net	($211.0K)	($88.0K)	$160.0K	($6.6M)
Accounts receivable	($140.2M)	($47.3M)	($22.8M)	($37.3M)
Contract assets	($43.3M)	($9.8M)	($2.0M)	($24.1M)
Inventories	($259.9M)	($145.4M)	($74.9M)	$37.5M
Other current and non-current assets	($47.9M)	($46.0M)	($12.3M)	($1.3M)
Accrued income taxes payable	($3.9M)	($7.0M)	$2.6M	($13.4M)
Accounts payable	$271.4M	$146.7M	$43.9M	$88.9M
Advanced payments from customers	$27.4M	($9.9M)	$4.3M	($118.3M)
Other current and non-current liabilities	$7.4M	($13.2M)	($22.5M)	($9.0M)
Cash flows provided by operating activities	$39.0M	$13.1M	($15.4M)	$117.2M
Payments for property, plant and equipment	($74.3M)	($47.6M)	($35.2M)	($60.4M)
Other, net	($258.0K)	($29.0K)	$64.0K	($412.0K)
Cash flows used in investing activities	($74.6M)	($47.7M)	($35.1M)	($60.9M)
Borrowings under debt agreements	$605.5M	$384.5M	$198.0M	$293.5M
Payments on debt and finance lease obligations	($476.7M)	($289.9M)	($179.6M)	($402.9M)
Debt issuance costs	($1.1M)	—	—	—
Repurchases of common stock	($64.1M)	($43.4M)	($22.4M)	($43.8M)
Payments related to tax withholding for share-based compensation	($21.5M)	($21.4M)	($4.0M)	($15.1M)
Cash flows provided by (used in) financing activities	$42.2M	$29.8M	($8.0M)	($168.3M)
Effect of exchange rate changes on cash and cash equivalents	$1.2M	$1.2M	$1.2M	$2.1M
Net increase (decrease) in cash and cash equivalents and restricted cash	$7.8M	($3.6M)	($57.3M)	($109.8M)
Beginning of period	$306.8M	$306.8M	$306.8M	$347.5M
End of period	$314.6M	$303.2M	$249.4M	$237.6M

Plexus Corp. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.