Key Highlights

● Second-quarter Revenue was $756 million, up 18% year on year.

● Non-GAAP diluted EPS rose 36% to $0.75 in the second quarter.

● Semi-Cap was the largest segment at $223 million, or 29% of revenue.

● About 13% full-year growth would lift sales to $3 billion for the first time.

Latest verified developments

Benchmark Electronics, Inc. (NYSE:BHE), a US electronics Manufacturing services group, has made a few announcements in recent months. On 8 September 2026 it announced a quarterly cash dividend. On 17 June it was named Manufacturing Partner of the Year by Hewlett Packard Enterprise (NYSE:HPE); the financial effect of that award has not been disclosed.

A transcript of a small-cap virtual conference appearance was posted in late September. None of these items carries new financial figures, so the second-quarter report of 29 July remains the main source of reported numbers.

Second-quarter results

For the quarter ended 30 June 2026, revenue was $756 million, up 18% year on year. GAAP Diluted Earnings per Share were $0.55 and non-GAAP diluted EPS $0.75, up 36%. GAAP gross Margin was 10.4% and Operating Margin 4.0%; non-GAAP equivalents were 10.5% and 5.2%.

By segment, Semi-Cap contributed $223 million (29% of revenue), Industrial $161 million (21%), Medical $134 million (18%), AC&C $127 million (17%) and A&D $111 million (15%). Industrial and Medical together were 39% of revenue, and the segment figures sum to the $756 million total. Operating Cash Flow was $35 million and free cash flow $22 million, about 2.9% of revenue. Share repurchases totalled $5.8 million in the first half, against $16.0 million in the same period of 2025.

Guidance and management comments

Benchmark guided to third-quarter revenue of $755 million to $795 million, GAAP diluted EPS of $0.51 to $0.57 and non-GAAP diluted EPS of $0.76 to $0.82. It expects full-year revenue growth of about 13%, which would take sales to $3 billion for the first time and implies 2025 revenue of about $2.65 billion. The midpoint of non-GAAP EPS guidance, $0.79, compares with $0.75 in the second quarter.

Chief executive David Moezidis said the results "reflect continued momentum across the business" and pointed to "strengthening Demand across our end markets, growing customer engagement, and disciplined execution". The midpoint of the third-quarter revenue range, $775 million, would be about 2.5% above the second-quarter figure.

Third-quarter range and Semi-Cap mix

Third-quarter revenue of $755 million to $795 million and a steady non-GAAP margin are the next tests of the path to $3 billion. The Semi-Cap segment, the largest at 29% of revenue, sets much of the tone, and semiconductor Capital equipment demand is the end market that matters most to the mix.

Earnings quality is the other point. GAAP and non-GAAP diluted EPS differed by $0.20 in the second quarter, with operating margin at 4.0% on a GAAP basis against 5.2% non-GAAP, and third-quarter guidance puts that gap at $0.25 at both ends of the range.