# PLEXUS CORP

Summary updated: 2026-10-02T16:10:52.840314Z
Canonical: https://finbar.com/research/companies/plexus-corp

## Overview

Plexus Corp. is an electronics manufacturing services (EMS) company that partners with customers across the product lifecycle, from design and development through manufacturing and ongoing support. Its work centers on complex products for highly regulated or technically demanding markets, including healthcare and life sciences, aerospace and defense, and industrial applications such as automation and semiconductor capital equipment. [1](https://app.finbar.com/go?id=P91041607)[2](https://app.finbar.com/go?id=P4099064)[3](https://app.finbar.com/go?id=P30408313)

The company operates across the Americas, Asia-Pacific, and Europe, the Middle East and Africa. It reported more than 20,000 team members and 26 facilities in FY2025. [1](https://app.finbar.com/go?id=P91041607)[4](https://app.finbar.com/go?id=P26013612) Plexus reported FY2025 net sales of approximately $4.03 billion. [5](https://app.finbar.com/go?id=T4218982)

Plexus describes its purpose as helping create products that “build a better world,” working in partnership with customers and emphasizing excellence. [1](https://app.finbar.com/go?id=P91041607) The company’s official materials reference a history of partnering with companies since 1979. [6](https://investor.plexus.com/news/news-details/2024/Plexus-Announces-Fiscal-First-Quarter-Financial-Results/default.aspx)
[1](https://app.finbar.com/go?id=P91041607)[2](https://app.finbar.com/go?id=P4099064)[3](https://app.finbar.com/go?id=P30408313)[4](https://app.finbar.com/go?id=P26013612)[5](https://app.finbar.com/go?id=T4218982)[6](https://investor.plexus.com/news/news-details/2024/Plexus-Announces-Fiscal-First-Quarter-Financial-Results/default.aspx)

## Products & services

Plexus is a contract design and manufacturing partner rather than a supplier of branded product lines: it builds products to customer specifications and generally does not design or manufacture proprietary products. Its customers’ products include life-saving medical devices, mission-critical aerospace and defense equipment, industrial automation systems, and semiconductor capital equipment. [1](https://app.finbar.com/go?id=P91041607)[7](https://app.finbar.com/go?id=P86357857)

Its services span product design and development, new-product introduction, supply-chain management, manufacturing, and aftermarket support. Capabilities include design for excellence, rapid prototyping, specialized test-solution design, turnkey procurement and warehousing of assembly materials, repair and refurbishment, depot repair, spare-parts management, part recovery, and end-of-life support. [8](https://app.finbar.com/go?id=P95082122)[9](https://app.finbar.com/go?id=P73060705)[10](https://app.finbar.com/go?id=P90731600)[11](https://app.finbar.com/go?id=P65211182)

For the nine months ended July 4, 2026, reported sales by market sector were $623.0 million in Aerospace/Defense (17.6%), $1,421.3 million in Healthcare/Life Sciences (40.2%), and $1,494.1 million in Industrial (42.2%). These figures describe sales by customer market, not revenue from distinct product lines or services. [12](https://app.finbar.com/go?id=T17194295)
[1](https://app.finbar.com/go?id=P91041607)[7](https://app.finbar.com/go?id=P86357857)[8](https://app.finbar.com/go?id=P95082122)[9](https://app.finbar.com/go?id=P73060705)[10](https://app.finbar.com/go?id=P90731600)[11](https://app.finbar.com/go?id=P65211182)[12](https://app.finbar.com/go?id=T17194295)[12](https://app.finbar.com/go?id=T17194295)[12](https://app.finbar.com/go?id=T17194295)[12](https://app.finbar.com/go?id=T17194295)

## Geographic presence

Plexus’s latest completed annual reporting year is FY2025, ended September 27, 2025. Its three operating regions are AMER, APAC and EMEA. Net sales attributed to the region where products were manufactured or services performed were $1,216.3 million in AMER, $2,392.9 million in APAC and $440.0 million in EMEA—approximately 30.2%, 59.3% and 10.9% of consolidated sales, respectively, before inter-region eliminations. [13](https://app.finbar.com/go?id=P12712215)[14](https://app.finbar.com/go?id=T3831859)

By country of manufacture or service, FY2025 sales were led by Malaysia ($1,872.5 million, about 46.4% of consolidated sales), followed by the United States ($690.9 million; 17.1%), Mexico ($525.8 million; 13.0%), China ($413.6 million; 10.3%) and Romania ($333.6 million; 8.3%). The remaining reported countries were Thailand ($106.8 million), the United Kingdom ($106.1 million) and Germany ($0.012 million). [15](https://app.finbar.com/go?id=T8014705)

Plexus identifies Neenah, Wisconsin, as its global headquarters and reported approximately 5.0 million square feet of active capacity at FY2025 year-end: about 2.1 million in AMER, 2.4 million in APAC and 0.5 million in EMEA. Its listed facilities include U.S. sites in Wisconsin, Idaho, Illinois and North Carolina; Guadalajara, Mexico; locations in Malaysia, Thailand and China; and sites in Romania and Scotland. [16](https://app.finbar.com/go?id=P76280417)[17](https://app.finbar.com/go?id=T5913393) The company reported more than 20,000 team members, distributed 58.3% in APAC, 30.1% in AMER and 11.6% in EMEA. [4](https://app.finbar.com/go?id=P26013612)
[13](https://app.finbar.com/go?id=P12712215)[14](https://app.finbar.com/go?id=T3831859)[15](https://app.finbar.com/go?id=T8014705)[16](https://app.finbar.com/go?id=P76280417)[17](https://app.finbar.com/go?id=T5913393)[4](https://app.finbar.com/go?id=P26013612)

## Business segments

Plexus reports three geographic segments: AMER (Americas), APAC (Asia-Pacific) and EMEA (Europe, Middle East and Africa). Sales are assigned to the region where a product is manufactured or a service is performed. The segments provide broadly similar services and use generally interchangeable processes; they are not defined by distinct product lines or customer sectors. [13](https://app.finbar.com/go?id=P12712215)

For fiscal 2025, net sales were approximately $1.22 billion for AMER (30.2% of consolidated net sales), $2.39 billion for APAC (59.3%) and $440 million for EMEA (10.9%). Regional sales include intersegment amounts, so the percentages sum to about 100.4% before eliminations. [14](https://app.finbar.com/go?id=T3831859) Segment income was $100.5 million for AMER (21.9% of the segment-income subtotal), $337.7 million for APAC (73.5%) and $21.3 million for EMEA (4.6%). Segment income excludes corporate and other expenses and is not consolidated operating income. [14](https://app.finbar.com/go?id=T3831859)[13](https://app.finbar.com/go?id=P12712215)

Plexus also discusses Aerospace/Defense, Healthcare/Life Sciences and Industrial as business-development market sectors, but these are not reportable segments; the company allocates resources geographically and generally does not internally track costs by those sectors. [3](https://app.finbar.com/go?id=P30408313)
[13](https://app.finbar.com/go?id=P12712215)[14](https://app.finbar.com/go?id=T3831859)[3](https://app.finbar.com/go?id=P30408313)

## Company history

Plexus traces its origins to 1979, when it was established in Wisconsin to design and build circuit boards on a contract basis. [18](https://investor.plexus.com/news/news-details/2023/Plexus-Joins-the-United-Nations-Global-Compact/default.aspx) The company expanded internationally in the early 2000s, including through its January 2002 acquisition of MCMS assets and subsidiaries in Malaysia and China. [19](https://www.sec.gov/Archives/edgar/data/785786/000095012402000125/c67078e8-k.txt)

Plexus began operations in Oradea, Romania, in 2009, later expanding its local manufacturing facilities. [20](https://www.nbcnews.com/id/wbna39907281) Dean Foate became CEO in 2002 and was succeeded by Todd Kelsey in 2016; Kelsey later resumed the President role in 2024. [21](https://people.equilar.com/bio/person/dean-foate-plexus-corp/1412544) [22](https://www.sec.gov/Archives/edgar/data/785786/000078578624000042/plxs-20240605.htm) In 2018, Plexus acquired a new facility in Penang, Malaysia, and in 2021 announced construction of a manufacturing facility in Bangkok, Thailand. [23](https://investor.plexus.com/news/news-details/2018/PLEXUS-EXPANDS-PRESENCE-IN-PENANG-MALAYSIA-WITH-ACQUISITION-OF-NEW-FACILITY-05-01-2018/default.aspx) [24](https://investor.plexus.com/news/news-details/2021/PLEXUS-ANNOUNCES-CONSTRUCTION-OF-A-MANUFACTURING-FACILITY-IN-BANGKOK-THAILAND-03-30-2021/default.aspx)
[25](https://app.finbar.com/go?id=P150227460)[18](https://investor.plexus.com/news/news-details/2023/Plexus-Joins-the-United-Nations-Global-Compact/default.aspx)[19](https://www.sec.gov/Archives/edgar/data/785786/000095012402000125/c67078e8-k.txt)[20](https://www.nbcnews.com/id/wbna39907281)[21](https://people.equilar.com/bio/person/dean-foate-plexus-corp/1412544)[22](https://www.sec.gov/Archives/edgar/data/785786/000078578624000042/plxs-20240605.htm)[23](https://investor.plexus.com/news/news-details/2018/PLEXUS-EXPANDS-PRESENCE-IN-PENANG-MALAYSIA-WITH-ACQUISITION-OF-NEW-FACILITY-05-01-2018/default.aspx)[24](https://investor.plexus.com/news/news-details/2021/PLEXUS-ANNOUNCES-CONSTRUCTION-OF-A-MANUFACTURING-FACILITY-IN-BANGKOK-THAILAND-03-30-2021/default.aspx)

## Sources

1. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P91041607)
2. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P4099064)
3. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30408313)
4. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P26013612)
5. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4218982)
6. [investor.plexus.com](https://investor.plexus.com/news/news-details/2024/Plexus-Announces-Fiscal-First-Quarter-Financial-Results/default.aspx)
7. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86357857)
8. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P95082122)
9. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P73060705)
10. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P90731600)
11. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P65211182)
12. [PLEXUS CORP — Full financial report (2026 Q 3)](https://app.finbar.com/go?id=T17194295)
13. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12712215)
14. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T3831859)
15. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8014705)
16. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P76280417)
17. [PLEXUS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T5913393)
18. [investor.plexus.com](https://investor.plexus.com/news/news-details/2023/Plexus-Joins-the-United-Nations-Global-Compact/default.aspx)
19. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/785786/000095012402000125/c67078e8-k.txt)
20. [www.nbcnews.com](https://www.nbcnews.com/id/wbna39907281)
21. [people.equilar.com](https://people.equilar.com/bio/person/dean-foate-plexus-corp/1412544)
22. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/785786/000078578624000042/plxs-20240605.htm)
23. [investor.plexus.com](https://investor.plexus.com/news/news-details/2018/PLEXUS-EXPANDS-PRESENCE-IN-PENANG-MALAYSIA-WITH-ACQUISITION-OF-NEW-FACILITY-05-01-2018/default.aspx)
24. [investor.plexus.com](https://investor.plexus.com/news/news-details/2021/PLEXUS-ANNOUNCES-CONSTRUCTION-OF-A-MANUFACTURING-FACILITY-IN-BANGKOK-THAILAND-03-30-2021/default.aspx)
25. [PLEXUS CORP — Full financial report (2026 Q 3)](https://app.finbar.com/go?id=P150227460)

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