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Plexus PLXS EMEA — Increase (Decrease) to valuation allowance

Other segment segments

APAC
$900K-30.8%
AMER
$800K+100%

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MSIInternational — Change in valuation allowances
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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 EMEA — increase (decrease) to valuation allowance?
Plexus (PLXS) reported EMEA — increase (decrease) to valuation allowance of $300K in Q3 2025.
How has Plexus's EMEA — increase (decrease) to valuation allowance changed year-over-year?
Plexus's EMEA — increase (decrease) to valuation allowance decreased by 40.0% year-over-year, from $500K to $300K.
What is the long-term trend for Plexus's EMEA — increase (decrease) to valuation allowance?
Over 4 years (2021 to 2025), Plexus's EMEA — increase (decrease) to valuation allowance has grown at a -32.0% compound annual growth rate (CAGR), from -$5.6M to $1.2M.
What does EMEA — increase (decrease) to valuation allowance mean?
Represents adjustments to the valuation allowance for deferred tax assets within the EMEA segment. This reflects management's assessment of the likelihood that these tax assets will be realized in future periods.