Benchmark Electronics (NYSE:BHE) Releases Earnings Results, Beats Estimates By $0.06 EPS

Benchmark Electronics (NYSE:BHE) issued its quarterly earnings results on Wednesday. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06, FiscalAI reports. The business had revenue of $755.98 million for the quarter, compared to the consensus estimate of $720.00 million. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.Benchmark Electronics’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. Benchmark Electronics updated its Q3 2026 guidance to 0.760-0.820 EPS.

Here are the key takeaways from Benchmark Electronics’ conference call:

• Q2 results exceeded guidance, with revenue up 18% year over year to $756 million and non-GAAP EPS up 36% to $0.75. Gross and operating margins also improved, supported by higher volume and favorable mix.
• Benchmark raised its 2026 revenue outlook to approximately $3 billion, or 13% growth and a company record, while maintaining its target for operating income and EPS growth at 1.5 to 2 times revenue growth.
• Demand broadened across the business, led by AC&C revenue growth of 71% from AI-related program ramps, Semi-Cap growth of 17%, Medical growth of 22%, and Industrial growth of 13%. Management expects Semi-Cap momentum to accelerate in the second half and sees additional HPC opportunities emerging in late Q4 and 2027.
• Aerospace and Defense revenue fell 12% year over year during a previously expected program-transition period, though it generated the quarter’s largest bookings contribution. Management expects A&D revenue to be roughly flat in 2026 and return to growth in 2027 as new programs ramp.
• Component supply remains tight, with lead times for some complex parts extending from three to five months to as much as 12 months, including pressure in memory. Benchmark is mitigating the risk through advance purchasing and supply-chain management while investing in new Penang and Thailand capacity.

Benchmark Electronics Stock Performance

Shares of Benchmark Electronics stock traded up $4.63 on Thursday, reaching $78.74. The stock had a trading volume of 710,383 shares, compared to its average volume of 411,788. The stock has a market cap of $2.83 billion, a P/E ratio of 82.89 and a beta of 1.24. Benchmark Electronics has a fifty-two week low of $34.44 and a fifty-two week high of $100.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 2.18. The business’s 50-day moving average price is $86.25 and its two-hundred day moving average price is $69.79.

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Benchmark Electronics’s dividend payout ratio is presently 71.58%.

Insider Buying and Selling

In other news, Director David W. Scheible sold 22,989 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $85.00, for a total transaction of $1,954,065.00. Following the transaction, the director owned 62,057 shares in the company, valued at approximately $5,274,845. The trade was a 27.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth T. Lamneck sold 24,263 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $81.49, for a total transaction of $1,977,191.87. Following the completion of the sale, the director owned 47,418 shares of the company’s stock, valued at approximately $3,864,092.82. The trade was a 33.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,352 shares of company stock valued at $7,312,806 in the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BHE. Franklin Resources Inc. boosted its stake in Benchmark Electronics by 14.4% during the third quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company’s stock worth $103,634,000 after buying an additional 338,081 shares in the last quarter. Earnest Partners LLC bought a new position in shares of Benchmark Electronics during the 4th quarter worth about $74,940,000. State Street Corp lifted its holdings in shares of Benchmark Electronics by 0.7% during the 4th quarter. State Street Corp now owns 1,389,766 shares of the technology company’s stock worth $59,661,000 after acquiring an additional 9,724 shares during the period. Wasatch Advisors LP boosted its position in shares of Benchmark Electronics by 0.6% during the 2nd quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock valued at $47,754,000 after acquiring an additional 6,868 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Benchmark Electronics by 10.8% in the fourth quarter. Wellington Management Group LLP now owns 561,495 shares of the technology company’s stock valued at $24,010,000 after acquiring an additional 54,799 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Benchmark Electronics

Here are the key news stories impacting Benchmark Electronics this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations: Benchmark reported $756 million in revenue, up 18% year over year, and non-GAAP diluted EPS of $0.75, compared with analysts’ estimates of $720 million in revenue and $0.69 EPS. EPS also increased substantially from $0.03 in the year-ago quarter. Benchmark Reports Strong Second Quarter Results
• Positive Sentiment: Optimistic third-quarter outlook: Management forecast adjusted EPS of $0.76 to $0.82 and revenue of $755 million to $795 million, both above analyst consensus of $0.72 EPS and $744.3 million in revenue. The guidance suggests continued operating momentum. Benchmark Electronics Earnings Report
• Positive Sentiment: Analyst raises price target: Needham increased its price target on BHE from $80 to $90 and maintained a “Buy” rating, signaling greater confidence in the company’s earnings outlook and potential upside. Benzinga Analyst Coverage
• Positive Sentiment: Cash generation remained positive: Benchmark produced $35 million in operating cash flow and $22 million in free cash flow during the quarter, supporting financial flexibility.
• Neutral Sentiment: Investor focus remains on execution: Despite the strong quarter, Benchmark’s reported GAAP EPS was $0.55 versus $0.75 on a non-GAAP basis, while its net margin remained relatively modest at 1.27%. Sustaining growth and converting revenue gains into durable profitability will be important.

Analysts Set New Price Targets

A number of research firms have issued reports on BHE. Lake Street Capital reiterated a “buy” rating and issued a $92.00 target price on shares of Benchmark Electronics in a research report on Thursday, April 30th. Needham & Company LLC increased their price objective on Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Benchmark Electronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

About Benchmark Electronics

Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early‐stage design and prototyping to high‐volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.

At the core of Benchmark’s offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.