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Benchmark Electronics, Inc.

Benchmark Electronics, Inc.

NYSE•BHE
CEO: Mr. Jeffrey W. Benck
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1990-06-27
Benchmark Electronics, Inc., together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services. It also offers electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; manufacturing defect analysis, in-circuit testing, functional testing, and life cycle testing services, as well as environmental stress tests of assemblies of boards or systems; and failure analysis. In addition, the company provides precision machining and electromechanical assembly services; and subsystem and system integration services, including assembly, configuration, and testing for various industries. Further, it provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product's life cycle. The company serves original equipment manufacturers in the aerospace and defense, medical technologies, complex industrials, semiconductor capital equipment, telecommunications, and advanced computing industries. It markets its services and solutions primarily through a direct sales force. The company was formerly known as Electronics, Inc. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.
Contact Information
56 South Rockford Drive, Tempe, AZ, 85281, United States
623-300-7000
www.bench.com
Market Cap
$1.71B
P/E (TTM)
45.9
43
Dividend Yield
1.4%
52W High
$50.26
52W Low
$30.73
52W Range
87%
Rank48Top 50.7%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$680.68M+3.49%
4-Quarter Trend

EPS

$0.40-7.35%
4-Quarter Trend

FCF

$25.82M-11.64%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Sales Increased 3% Q3 Sales $680.7M, up 3% driven by strong demand in Aerospace and Defense and Medical sectors.
YTD Profitability Declined Sharply Nine months Net Income $18.9M, down 58% from $44.9M prior period due to higher costs and tax charges.
A&D and Medical Lead Growth Aerospace and Defense sales grew 26% Q3; Medical sales increased 18% Q3 on successful new program wins.
Strong Liquidity Position Maintained Cash reserves totaled $285.4M as of September 30, 2025; $475.6M available under credit facility for future needs.

Risk Factors

Elevated Nine Month Tax Rate Nine months effective tax rate reached 58.6% primarily due to a discrete $10.4M tax expense recorded in Q2.
Restructuring Activities Ongoing Restructuring charges recognized $4.5M YTD related to facility closures in Fremont and old Guadalajara operations.
Customer Sales Concentration Risk Sales to ten largest customers represented 53% of total sales YTD, indicating reliance on key accounts.
Component Supply Constraints Persist Shortages of older technology components could constrain ability to produce full demand forecasts received from customers.

Outlook

New Credit Facility Secured Completed $700M Credit Agreement refinancing, including a $150M Term Loan facility maturing in June 2030.
Capital Spending Planned Expect capital expenditures approximately $60M to $70M next 12 months, focused on production capacity expansion.
Share Repurchase Authorization $123.5M remains authorized for share repurchases funded by available cash, with $26.0M used in Q3.
Intention to Pay Dividends Board intends to continue quarterly dividends; recently declared $0.17 per share, paid October 2025.

Peer Comparison

Revenue (TTM)

Playtika Holding Corp.PLTK
$2.73B
+7.5%
Benchmark Electronics, Inc.BHE
$2.61B
-2.9%
Penguin Solutions, Inc.PENG
$1.37B
+16.9%

Gross Margin (Latest Quarter)

A10 Networks, Inc.ATEN
80.1%
-0.3pp
Playtika Holding Corp.PLTK
71.9%
-1.3pp
Digi International Inc.DGII
63.9%
+2.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PLAB$2.18B15.311.0%0.0%
BELFB$2.18B5.612.5%26.0%
BHE$1.71B45.93.4%15.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.2%
Moderate Growth
4Q Net Income CAGR
-8.2%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Jan 28, 2026
|
EPS:$0.64
|
Revenue:$696.67M
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $680.68M+3.5%
    |
    EPS: $0.40-7.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $642.34M-3.5%
    |
    EPS: $0.03-93.0%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $631.76M-6.5%
    |
    EPS: $0.10-74.4%
    Miss
  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $2.66B-6.4%
    |
    EPS: $1.76-2.8%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 24, 2025|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 1, 2024|
    Revenue: $657.75M-8.6%
    |
    EPS: $0.43-24.6%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $665.90M-9.2%
    |
    EPS: $0.43+10.3%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $675.58M-2.8%
    |
    EPS: $0.39+11.4%
    Miss