Benchmark Electronics Q2 results beat estimates, raises FY revenue forecast

Benchmark Electronics

29/07/2026 21:20

Overview
U.S. electronics manufacturer reported Q2 revenue up 18% yr/yr, beating analyst expectations
Adjusted EPS for Q2 rose 36% yr/yr, beating analyst expectations
Company raised fiscal 2026 revenue guidance to a record $3 bln

Outlook
Benchmark Electronics raises 2026 revenue guidance to $3 bln
Company sees Q3 revenue between $755 mln and $795 mln
Benchmark Electronics expects Q3 diluted non-GAAP EPS between $0.76 and $0.82

Result Drivers
END MARKET DEMAND - Co said strengthening demand across end markets contributed to revenue growth
RECORD BOOKINGS - Co reported another record quarter of bookings, supporting results
OPERATIONAL IMPROVEMENT - Co cited disciplined execution and broad-based improvement throughout its portfolio

Company press release: ID:nBw8VCZzka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$756 mln
$720 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.75
$0.69 (4 Analysts)
Q2 EPS
 
$0.55
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Benchmark Electronics Inc is $86.00, about 11.8% above its July 28 closing price of $76.93
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
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July 27 - Canada's Celestica Q2 results beat estimates on strong data center, cloud demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)