Winners And Losers Of Q3: Plexus (NASDAQ:PLXS) Vs The Rest Of The Electronic Components & Manufacturing Stocks

Stock Story

As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electronic components & manufacturing industry, including Plexus and its peers.

The sector could see higher demand as the prevalence of advanced electronics increases in industries such as automotive, healthcare, aerospace, and computing. The high-performance components and contract manufacturing expertise required for autonomous vehicles and cloud computing datacenters, for instance, will benefit companies in the space. However, headwinds include geopolitical risks, particularly U.S.-China trade tensions that could disrupt component sourcing and production as the Trump administration takes an increasingly antagonizing stance on foreign relations. Additionally, stringent environmental regulations on e-waste and emissions could force the industry to pivot in potentially costly ways.

The 10 electronic components & manufacturing stocks we track reported a very strong Q3. As a group, revenues beat analysts’ consensus estimates by 4.7% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 1.8% on average since the latest earnings results.

Plexus

With over 20,000 team members across 26 global facilities, Plexus designs, manufactures, and services complex electronic products for companies in aerospace/defense, healthcare, and industrial sectors.

Plexus reported revenues of $1.06 billion, flat year on year. This print exceeded analysts’ expectations by 1.1%. Overall, it was a strong quarter for the company with a beat of analysts’ EPS estimates and revenue guidance for next quarter beating analysts’ expectations.

Todd Kelsey, President and Chief Executive Officer, commented, “The Plexus team continues to deliver a differentiated value proposition for our customers, and generated strong fiscal fourth quarter results. I am particularly pleased with our non-GAAP EPS of $2.14, which exceeded guidance, and our free cash flow, which again exceeded projections.”

Plexus delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. Unsurprisingly, the stock is down 2.5% since reporting and currently trades at $142.45.

Is now the time to buy Plexus? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Amphenol

With over 90 years of connecting the world's technologies, Amphenol designs and manufactures connectors, cables, sensors, and interconnect systems that enable electrical and electronic connections across virtually every industry.

Amphenol reported revenues of $6.19 billion, up 53.4% year on year, outperforming analysts’ expectations by 10.9%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EPS guidance for next quarter estimates.

Amphenol scored the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 12.2% since reporting. It currently trades at $139.68.

Is now the time to buy Amphenol? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: CTS

With roots dating back to 1896 and a global manufacturing footprint, CTS designs and manufactures sensors, connectivity components, and actuators for aerospace, defense, industrial, medical, and transportation markets.

CTS reported revenues of $143 million, up 8% year on year, exceeding analysts’ expectations by 4.8%. It was a satisfactory quarter as it also posted an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ EPS estimates.

The stock is flat since the results and currently trades at $42.50.

Read our full analysis of CTS’s results here.

Jabil

With manufacturing facilities spanning the globe from China to Mexico to the United States, Jabil provides electronics design, manufacturing, and supply chain solutions to companies across various industries, from healthcare to automotive to cloud computing.

Jabil reported revenues of $8.25 billion, up 18.5% year on year. This print beat analysts’ expectations by 9.5%. It was an exceptional quarter as it also logged a solid beat of analysts’ EPS guidance for next quarter estimates and an impressive beat of analysts’ revenue estimates.

Jabil had the weakest full-year guidance update among its peers. The stock is down 6.7% since reporting and currently trades at $210.16.

Read our full, actionable report on Jabil here, it’s free for active Edge members.

Rogers

With roots dating back to 1832, making it one of America's oldest continuously operating companies, Rogers designs and manufactures specialized engineered materials and components used in electric vehicles, telecommunications, renewable energy, and other high-performance applications.

Rogers reported revenues of $216 million, up 2.7% year on year. This number surpassed analysts’ expectations by 4.1%. Overall, it was a stunning quarter as it also put up a beat of analysts’ EPS estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.

The stock is up 1.1% since reporting and currently trades at $84.49.

Read our full, actionable report on Rogers here, it’s free for active Edge members.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Dj Vp Ninivaggi Jr Sells 1347 Of Plexus Corp >Plxs

Reuters

Plexus

+0.54%

Risk Warnings and Disclaimers

Add to Favorites

Dj Coo Mihm Sells 2327 Of Plexus Corp >Plxs

Reuters

Plexus

+0.54%

Risk Warnings and Disclaimers

Add to Favorites

Dj Vp Ninivaggi Jr Registers 1347 Of Plexus Corp >Plxs

Reuters

Plexus

+0.54%

Risk Warnings and Disclaimers

Add to Favorites

Dj Coo Mihm Registers 2327 Of Plexus Corp >Plxs

Reuters

Plexus

+0.54%

Risk Warnings and Disclaimers

Add to Favorites

Amphenol, Rumble, Coherent, TTM Technologies, and Globalstar Shares Are Soaring, What You Need To Know

Stock Story

Globalstar, Inc. Common Stock

What Happened?

A number of stocks jumped in the afternoon session after renewed enthusiasm for Alphabet reinvigorated the artificial intelligence trade, propelling a market rebound heading into the Thanksgiving holiday. The Nasdaq index jumped 2.6% and the S&P 500 gained 1.6%, driven by a 5% rally in Alphabet following the announcement of its upgraded Gemini 3 AI model. This optimism spilled over into the broader tech sector, lifting shares of Broadcom, Micron, and Palantir significantly. The rally built on momentum from the previous trading session, sparked by the New York Fed president keeping the door open for a December interest rate cut.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Electronic Components & Manufacturing company Amphenol jumped 4.7%. Is now the time to buy Amphenol? Access our full analysis report here, it’s free for active Edge members.
Digital Media & Content Platforms company Rumble jumped 12.7%. Is now the time to buy Rumble? Access our full analysis report here, it’s free for active Edge members.
Electronic Components & Manufacturing company Coherent jumped 8.7%. Is now the time to buy Coherent? Access our full analysis report here, it’s free for active Edge members.
Electronic Components & Manufacturing company TTM Technologies jumped 9.2%. Is now the time to buy TTM Technologies? Access our full analysis report here, it’s free for active Edge members.
Satellite Telecommunication Services company Globalstar jumped 6.6%. Is now the time to buy Globalstar? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Rumble (RUM)

Rumble’s shares are extremely volatile and have had 53 moves greater than 5% over the last year. But moves this big are rare even for Rumble and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 3 days ago when the stock gained 6.8% on the news that comments from a key Federal Reserve official hinted at a potential interest rate cut in December.

John Williams, president of the Federal Reserve Bank of New York, signaled he was open to lowering the fed funds rate—the key interest rate that banks charge each other for overnight loans—to support the job market. Speaking at an event, Williams stated that he sees “room for a further adjustment” for interest rates, which immediately shifted market expectations. Following his remarks, the perceived likelihood of an interest rate cut at the Federal Reserve's December meeting flipped from unlikely to more likely than not. The prospect of lower borrowing costs sent a wave of optimism through the markets, leading to a rally in major indices like the S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite.

Rumble is down 47.5% since the beginning of the year, and at $6.51 per share, it is trading 60% below its 52-week high of $16.27 from December 2024.

Risk Warnings and Disclaimers

Add to Favorites

Plexus, Dell, Avnet, NetApp, and ScanSource Shares Skyrocket, What You Need To Know

Stock Story

What Happened?

A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official hinted at a potential interest rate cut in December.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Electronic Components & Manufacturing company Plexus jumped 4.3%. Is now the time to buy Plexus? Access our full analysis report here, it’s free for active Edge members.
Hardware & Infrastructure company Dell jumped 4.9%. Is now the time to buy Dell? Access our full analysis report here, it’s free for active Edge members.
IT Distribution & Solutions company Avnet jumped 4.3%. Is now the time to buy Avnet? Access our full analysis report here, it’s free for active Edge members.
Hardware & Infrastructure company NetApp jumped 4.7%. Is now the time to buy NetApp? Access our full analysis report here, it’s free for active Edge members.
IT Distribution & Solutions company ScanSource jumped 5%. Is now the time to buy ScanSource? Access our full analysis report here, it’s free for active Edge members.

Zooming In On ScanSource (SCSC)

ScanSource’s shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 3 months ago when the stock gained 12.6% on the news that the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.

ScanSource is down 16% since the beginning of the year, and at $39.52 per share, it is trading 25.6% below its 52-week high of $53.11 from December 2024. Investors who bought $1,000 worth of ScanSource’s shares 5 years ago would now be looking at an investment worth $1,561.

Risk Warnings and Disclaimers

Add to Favorites