Benchmark Electronics (NYSE:BHE) Announces Quarterly Earnings Results

Benchmark Electronics (NYSE:BHE) posted its quarterly earnings results on Wednesday. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06, FiscalAI reports. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.31%. The company had revenue of $755.98 million during the quarter, compared to analyst estimates of $720.00 million. During the same period in the prior year, the business posted $0.03 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. 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 1.8%

Shares of NYSE BHE traded up $1.42 during trading on Friday, reaching $80.84. The company had a trading volume of 169,872 shares, compared to its average volume of 410,017. Benchmark Electronics has a 12-month low of $34.44 and a 12-month high of $100.41. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average is $86.17 and its 200 day moving average is $70.03. The stock has a market cap of $2.90 billion, a PE ratio of 54.84 and a beta of 1.24.

Benchmark Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics’s payout ratio is 46.26%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Benchmark Electronics news, CEO David Moezidis sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $87.57, for a total transaction of $1,094,625.00. Following the completion of the sale, the chief executive officer directly owned 85,564 shares in the company, valued at approximately $7,492,839.48. This trade represents a 12.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stephen J. Beaver sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the completion of the transaction, the senior vice president owned 75,020 shares in the company, valued at approximately $6,470,475. This represents a 21.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,352 shares of company stock worth $7,312,806 over the last quarter. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Benchmark Electronics

A number of hedge funds have recently added to or reduced their stakes in BHE. Franklin Resources Inc. boosted its stake in Benchmark Electronics by 14.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company’s stock valued at $103,634,000 after purchasing an additional 338,081 shares during the last quarter. Earnest Partners LLC purchased a new position in shares of Benchmark Electronics in the fourth quarter worth $74,940,000. State Street Corp lifted its holdings in shares of Benchmark Electronics by 0.7% during the fourth quarter. State Street Corp now owns 1,389,766 shares of the technology company’s stock valued at $59,661,000 after purchasing an additional 9,724 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Benchmark Electronics by 0.6% during the second quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock valued at $47,754,000 after buying an additional 6,868 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Benchmark Electronics by 10.8% during the fourth quarter. Wellington Management Group LLP now owns 561,495 shares of the technology company’s stock valued at $24,010,000 after buying an additional 54,799 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

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.