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Plexus PLXS AMER — Increase (Decrease) to valuation allowance

Other segment segments

EMEA
$1.2M-40.0%
APAC
$900K-30.8%

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VRTNon-US — Valuation allowance
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TEXValuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount
-$1M+55.6%
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MDLNValuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount
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TDYValuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount
$1.23M+145%
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CDEValuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount
-$1M

Other financials

Income statement

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Revenue$1.2M+18.7%
Gross profit-$1.0B-18.4%
Operating income$61.8M+26.7%
Net income$49.8M+27.5%
EPS (diluted)$1.82+29.1%

Balance sheet

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Cash & equivalents$303.1M-2.4%
Total debt$77.5M-8.4%
Total equity$1.5B+10.2%
Total assets$3.4B+8.9%

Cash flow

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Operating cash flow$28.5M-22.4%
CapEx$12.5M-38.3%
Free cash flow-$50.6M-287%

Valuation

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Market cap$8.03B+98.0%
Enterprise value$7.8B+105%
P/E42.8×+14.4×
P/S+1.0×

Profitability

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Gross margin3.9%-6.1pp
Operating margin5.5%+0.8pp
Net margin4.6%+1.0pp
FCF margin1.9%-8.2pp

Returns & leverage

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Return on equity13.2%+2.3pp
Debt / equity0.1×0.0×
Current ratio1.5×0.0×

Where this comes from

Reported directly by Plexus in its filing.

Tagged under the XBRL concept us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount.

The official record: Plexus’s 10-K, filed November 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plexus's AMER — increase (decrease) to valuation allowance?
Plexus (PLXS) reported AMER — increase (decrease) to valuation allowance of $200K in Q3 2025.
How has Plexus's AMER — increase (decrease) to valuation allowance changed year-over-year?
Plexus's AMER — increase (decrease) to valuation allowance increased by 100.0% year-over-year, from $100K to $200K.
What is the long-term trend for Plexus's AMER — increase (decrease) to valuation allowance?
Over 4 years (2021 to 2025), Plexus's AMER — increase (decrease) to valuation allowance has grown at a -5.4% compound annual growth rate (CAGR), from $1M to $800K.
What does AMER — increase (decrease) to valuation allowance mean?
Represents adjustments to the valuation allowance for deferred tax assets within the Americas segment, reflecting management's assessment of the likelihood of realizing those tax benefits. Changes in this allowance impact the effective tax rate and net income of the segment.