Benchmark Electronics (NYSE:BHE) Releases Earnings Results, Beats Expectations By $0.05 EPS

Benchmark Electronics (NYSE:BHE) issued its quarterly earnings data on Wednesday. The technology company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.79 by $0.05, FiscalAI reports. The company had revenue of $810.90 million during the quarter, compared to analyst estimates of $776.65 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%. Benchmark Electronics’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share.

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

• Record Q3 performance: Revenue reached $811 million, up 19% year over year, while non-GAAP EPS rose 35% to $0.84; both exceeded the high end of prior guidance. Operating margin expanded 70 basis points to 5.5%.
• Raised outlook: Benchmark expects Q4 revenue of $815 million to $855 million and now projects full-year 2026 revenue to exceed $3 billion, representing approximately 16% annual growth.
• Broad-based demand is improving: Semi-Cap revenue grew 30%, Industrial 13%, Medical 9%, and AC&C 50% year over year, while strong bookings and new program ramps support continued growth in 2027.
• Supply-chain and timing risks remain: Management cited constraints primarily involving memory and ASIC supply and said it is making selective inventory investments to support customers. Next-generation HPC opportunities have shifted to a likely mid-to-late 2027 contribution, later than previously indicated.

Benchmark Electronics Price Performance

Shares of Benchmark Electronics stock opened at $73.28 on Thursday. The company’s fifty day simple moving average is $75.68 and its two-hundred day simple moving average is $72.03. Benchmark Electronics has a 12-month low of $41.69 and a 12-month high of $100.41. The firm has a market cap of $2.63 billion, a PE ratio of 49.85, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.99 and a debt-to-equity ratio of 0.16.

Benchmark Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Benchmark Electronics’s dividend payout ratio (DPR) is 46.26%.

Analyst Ratings Changes

Several brokerages have issued reports on BHE. Needham & Company LLC started coverage on shares of Benchmark Electronics in a research report on Friday, October 23rd. They set a “buy” rating and a $85.00 target price for the company. Weiss Ratings lowered Benchmark Electronics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Finally, Zacks Research raised Benchmark Electronics to a “hold” rating in a report on Monday, October 5th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Benchmark Electronics has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

More Benchmark Electronics News

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

• Positive Sentiment: Benchmark reported record third-quarter revenue of $810.9 million, up 19.1% year over year, while adjusted earnings of $0.84 per share exceeded analyst expectations of $0.79. Earnings also increased from $0.62 per share in the prior-year quarter. Benchmark Electronics, Inc. Reports Earnings Results
• Positive Sentiment: Management raised its fiscal 2026 outlook for the second time, citing strong earnings growth and record quarterly revenue. The company also provided optimistic revenue guidance for the following quarter, supporting expectations for continued demand and operating momentum. Benchmark Delivers Record Third Quarter Revenue and Raises Outlook
• Positive Sentiment: The earnings beat was broad enough to exceed both revenue and profit expectations, giving investors a favorable catalyst and helping explain the stock’s recent advance. Benchmark Electronics Earnings Report
• Neutral Sentiment: BHE crossed above its 200-day moving average near $72.03, a technical improvement that may attract momentum-oriented investors. However, the stock remains below its 50-day moving average of approximately $75.68, leaving the near-term technical trend mixed. Benchmark Electronics Share Price Crosses Above 200 Day Moving Average
• Negative Sentiment: Despite the operational improvement, Benchmark’s net margin was only 1.89% and its P/E ratio was approximately 49.9, leaving the shares sensitive to any slowdown, margin pressure or disappointment relative to the upgraded outlook.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a provider of integrated electronics manufacturing and engineering services. The company helps original equipment manufacturers design, develop, test, manufacture and support complex electronic products and systems.

Its services include product design and engineering, prototyping, printed circuit board assembly, systems integration, precision machining, testing, supply chain management, and aftermarket support. Benchmark serves customers in industries such as aerospace and defense, medical technology, industrial equipment, semiconductor capital equipment, and advanced computing.

Headquartered in Tempe, Arizona, Benchmark operates manufacturing and engineering facilities across North America, Europe and Asia.