Benchmark Electronics Q3 revenue beats analyst estimates, lifts FY outlook

Benchmark Electronics

Yesterday 20:25

Overview
U.S. electronics manufacturer reported Q3 revenue up 19% yr/yr, beating analyst expectations
Adjusted EPS for Q3 grew 35% yr/yr and beat analyst expectations
Company raised 2026 revenue growth outlook to about 16%, citing broadening demand

Outlook
Benchmark sees Q4 revenue between $815 mln and $855 mln
Company expects Q4 diluted GAAP EPS of $0.58 to $0.64
Company raises 2026 revenue growth outlook to about 16%

Result Drivers
BROADENING DEMAND - Co said demand increased across its portfolio, with healthy bookings momentum
EARNINGS GROWTH OUTPACING SALES - Co said earnings grew at nearly twice the rate of sales
SECTOR CONTRIBUTIONS - Semi-capital equipment and industrial segments contributed most to revenue growth

Company press release: ID:nBw9rQ06ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$811 mln
$775 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$0.84
$0.79 (3 Analysts)
Q3 EPS
 
$0.47
 

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 $88.50, about 25.2% above its October 27 closing price of $70.70
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 33 three months ago

Reuters Recommended Reads
Oct 28 - Amphenol Q3 sales beat estimates on IT datacom growth, acquisitions
Oct 28 - Littelfuse Q3 sales rise 23% on electronics segment strength
Oct 27 - Switzerland's INFICON Q3 sales jump, lifts FY outlook on firm semiconductor demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)