Winners And Losers In Q4: How Plexus (NASDAQ:PLXS) Compares To Other Electronic Components & Manufacturing Stocks

Electronic Components & Manufacturing: Q4 Overview

As earnings season wraps up, it's an opportune moment to explore fresh investment opportunities and evaluate how companies are adapting to today's market conditions. Here’s a summary of Plexus (NASDAQ:PLXS) and other leading electronic components and manufacturing firms’ performance in the fourth quarter.

Growing demand for advanced electronics is expected across sectors like automotive, healthcare, aerospace, and computing. Companies specializing in high-performance parts and contract manufacturing—especially those supporting autonomous vehicles and cloud computing infrastructure—stand to gain. However, the industry faces challenges such as geopolitical uncertainties, notably ongoing U.S.-China trade disputes that may disrupt supply chains. Additionally, stricter environmental standards for electronic waste and emissions could require costly adjustments for manufacturers.

Q4 Sector Performance

The ten electronic components and manufacturing companies tracked delivered robust fourth-quarter results. Collectively, their revenues surpassed analyst forecasts by 2.5%, and guidance for the upcoming quarter remained consistent with expectations.

Following these results, share prices have remained stable, with little movement on average since the earnings announcements.

Plexus (NASDAQ:PLXS)

Plexus operates with a workforce of over 20,000 across 26 facilities worldwide, providing design, manufacturing, and service solutions for complex electronic products in aerospace, defense, healthcare, and industrial markets.

For Q4, Plexus reported $1.07 billion in revenue, marking a 9.6% increase year-over-year. This figure matched analyst projections, and the company delivered a strong quarter, exceeding expectations for both next quarter’s EPS and revenue guidance.

Todd Kelsey, President and CEO, stated: “Our focus on customer success and continued investments in talent, technology, facilities, and advanced capabilities have driven substantial momentum. First quarter revenue reached $1.070 billion, aligning with our guidance midpoint, up 1% sequentially and 10% year-over-year, fueled by strong growth in Healthcare/Life Sciences and Aerospace/Defense. Non-GAAP EPS of $1.78 hit the upper end of our guidance.”

Despite being the weakest performer relative to analyst estimates among its peers, Plexus shares have risen 8% since the report and are currently trading at $195.27.

Curious about whether Plexus is a good buy now?

Top Q4 Performer: Coherent (NYSE:COHR)

Coherent, formerly II-VI Incorporated, has been a leader in advanced materials, lasers, and optical components since its rebranding in 2022, serving industries from telecommunications to industrial manufacturing.

Coherent posted $1.69 billion in revenue for Q4, a 17.5% year-over-year increase and 2.9% above analyst expectations. The company also exceeded forecasts for next quarter’s revenue and EPS guidance.

Investors responded positively, with Coherent’s stock up 17.1% since the earnings release, now trading at $246.98.

Interested in Coherent’s outlook?

Slowest Q4 Growth: Rogers (NYSE:ROG)

Founded in 1832, Rogers is among America’s oldest companies, specializing in engineered materials and components for electric vehicles, telecommunications, renewable energy, and other demanding applications.

Rogers reported $201.5 million in revenue, up 4.8% year-over-year and 2.5% above analyst estimates. However, guidance for the next quarter fell short of expectations, as did EPS projections.

Despite slower growth, Rogers shares have increased 1.9% since the earnings announcement, currently priced at $105.09.

Benchmark Electronics (NYSE:BHE)

Since 1979, Benchmark Electronics has been a key partner for original equipment manufacturers, offering advanced manufacturing, engineering, and technology solutions across aerospace, medical, industrial, and tech sectors.

Benchmark’s Q4 revenue reached $704.3 million, up 7.2% year-over-year and 1.1% above analyst forecasts. The company also beat expectations for next quarter’s revenue and EPS.

Benchmark’s stock has declined 2.2% since the earnings release, now trading at $54.80.

Amphenol (NYSE:APH)

With a legacy spanning over 90 years, Amphenol is a global leader in designing and producing connectors, cables, sensors, and interconnect systems for a wide range of industries.

Amphenol reported $6.44 billion in Q4 revenue, a remarkable 49.1% year-over-year increase and 3.3% above analyst expectations. The company also provided guidance for next quarter’s revenue that exceeded forecasts and delivered a strong beat on revenue estimates.

Amphenol achieved the fastest revenue growth among its peers. However, its stock has dropped 20.3% since the earnings announcement, currently trading at $132.57.

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