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

Benchmark Electronics (NYSE:BHE) announced its earnings results on Wednesday. The technology company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06, FiscalAI reports. The firm had revenue of $755.98 million for the quarter, compared to the consensus estimate of $720.00 million. Benchmark Electronics had a net margin of 1.27% and a return on equity of 6.63%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. 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 Up 6.3%

Benchmark Electronics stock traded up $4.63 during mid-day trading on Thursday, hitting $78.74. The company had a trading volume of 710,383 shares, compared to its average volume of 411,788. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.18. Benchmark Electronics has a 1 year low of $34.44 and a 1 year high of $100.41. The business has a fifty day moving average of $86.25 and a 200 day moving average of $69.79. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 82.89 and a beta of 1.24.

Benchmark Electronics Announces Dividend

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

Insider Buying and Selling at Benchmark Electronics

In related news, SVP Rhonda R. Turner sold 6,600 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $85.14, for a total value of $561,924.00. Following the transaction, the senior vice president directly owned 36,067 shares of the company’s stock, valued at $3,070,744.38. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth T. Lamneck sold 24,263 shares of Benchmark Electronics stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $81.49, for a total transaction of $1,977,191.87. Following the sale, the director owned 47,418 shares in the company, valued at $3,864,092.82. This represents a 33.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 86,352 shares of company stock worth $7,312,806. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Benchmark Electronics

Several large investors have recently bought and sold shares of BHE. Kestra Advisory Services LLC acquired a new stake in shares of Benchmark Electronics during the fourth quarter worth about $42,000. Parkside Financial Bank & Trust boosted its position in shares of Benchmark Electronics by 28.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock valued at $62,000 after purchasing an additional 322 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Benchmark Electronics in the 4th quarter valued at about $79,000. Tower Research Capital LLC TRC grew its stake in Benchmark Electronics by 215.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the technology company’s stock worth $116,000 after buying an additional 2,048 shares during the last quarter. Finally, State of Wyoming purchased a new position in Benchmark Electronics during the 2nd quarter worth approximately $137,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Lake Street Capital reaffirmed a “buy” rating and set a $92.00 price objective on shares of Benchmark Electronics in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a report on Friday, July 17th. Finally, Needham & Company LLC boosted their target price on Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Benchmark Electronics News Summary

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.

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.