10-K · February 24, 2026
Benchmark positions itself as a complex-product EMS and precision metal machining partner focused on regulated, high-reliability markets (A&D, medical, semi-cap, industrial, AC&C) and leading with design & engineering…
Earnings analysis · 10-Q
BHE earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
Benchmark Electronics, Inc. reported Q1 2026 revenues of $677.3 million, a 7% increase year-over-year, and an EPS of $0.58, exceeding estimates. The company raised its full-year revenue growth guidance, citing improved…
Read full summary
Benchmark Electronics, Inc. reported Q1 2026 revenues of $677.3 million, a 7% increase year-over-year, and an EPS of $0.58, exceeding estimates. The company raised its full-year revenue growth guidance, citing improved performance and demand in key sectors such as Medical and Advanced Computing.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.58
- Segment
- Medical
- Segment
- AC&C
- Segment
- Industrial
- Segment
- Semi-Cap
- Segment
- A&D
What stood out
-
Revenue Growth of 7% YoY
Total revenue reached $677.3 million, up from $631.8 million in Q1 2025.
-
Strong EPS Performance
Diluted EPS rose to $0.58 from $0.10 YoY, significantly exceeding the $0.55 estimate.
-
Increased Gross Profit
Gross profit increased to $69.2 million, a 10% increase compared to $63.2 million in Q1 2025.
-
Operating Income up 86%
Operating income rose to $21.9 million from $11.8 million YoY.
-
Medical Segment Surged 24%
Medical sales increased to $128.5 million from $103.6 million YoY.
-
AC&C Segment Grew 41%
Advanced Computing & Communications segment revenue increased to $105.1 million from $74.5 million YoY.
What to watch
-
Declining Semiconductor Capital Equipment Sales
Sales in this segment decreased by 2% to $190.7 million from $195.1 million YoY.
-
Increased Restructuring Costs
Restructuring charges rose to $3.7 million in Q1 2026 from $1.3 million in Q1 2025.
-
High Interest Rate Environment
Interest expense decreased to $3.6 million but remains subject to fluctuations in the term loan.
Management's outlook
Second quarter revenue guidance between $700 million and $740 million; EPS guidance of $0.51 to $0.57 (GAAP). Non-GAAP EPS guidance is $0.65 to $0.71.
Earlier filings 4
10-Q · November 2, 2023
Benchmark Electronics reported quarterly sales of $719,695,000 and diluted EPS of $0.57 for the three months ended September 30, 2023. Gross profit rose to $69,077,000 and income from operations increased to $30,341,000…
10-Q · August 3, 2023
Benchmark Electronics reported Q2 sales of $733.232 million, up modestly from $728.029 million a year earlier, with gross profit rising to $67.031 million and gross margin expanding to 9.14%. Operating income increased…
10-K · February 24, 2023
Benchmark Electronics positions itself as an engineering-led, full life-cycle solutions provider focused on lower-volume, higher-complexity products in regulated end markets (A&D, medical, complex industrials, semi-cap,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.