Benchmark Electronics Exceeds Q2 Guidance Amid Strong Revenue Growth
Benchmark Electronics (NYSE:BHE) reported second-quarter results that exceeded its guidance, with revenue rising 18% year over year to $756 million and non-GAAP EPS increasing by 36% to $0.75. The company attributed the strong performance to broad-based growth across four of five operating sectors and improved profitability. Benchmark raised its full-year revenue outlook for 2026, now expecting approximately $3 billion in total sales—representing a record high and about 13% year-over-year growth. Advanced Computing & Communications saw particularly robust demand with a 71% increase due to AI-related production ramps, while Aerospace & Defense declined by 12%, primarily from program transitions. Despite the supply chain challenges, including extended component lead times of up to seven to twelve months, Benchmark remains confident in its ability to meet customer orders. The company also reported strong cash reserves and available borrowing capacity.
Tickers: $BHE