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

Benchmark Electronics (NYSE:BHE) announced its quarterly earnings data on Wednesday. The technology company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05, FiscalAI reports. The firm had revenue of $810.90 million during the quarter, compared to analysts’ expectations of $776.65 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.

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 Stock Performance

Shares of NYSE:BHE traded up $2.58 during trading on Wednesday, reaching $73.28. The stock had a trading volume of 452,988 shares, compared to its average volume of 398,103. The company has a quick ratio of 1.31, a current ratio of 1.99 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $75.75 and a two-hundred day simple moving average of $71.89. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 49.85, a P/E/G ratio of 1.25 and a beta of 1.25. Benchmark Electronics has a 52 week low of $41.69 and a 52 week high of $100.41.

Benchmark Electronics Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings lowered shares of Benchmark Electronics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Needham & Company LLC initiated coverage on shares of Benchmark Electronics in a report on Friday, October 23rd. They issued a “buy” rating and a $85.00 price objective for the company. Finally, Zacks Research raised Benchmark Electronics to a “hold” rating in a research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.50.

About Benchmark Electronics

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.