Benchmark Electronics ( (BHE) ) has released its Q1 earnings. Here is a breakdown of the information Benchmark Electronics presented to its investors.
Benchmark Electronics, Inc., a leader in providing comprehensive solutions across the product life cycle, operates in industries such as semiconductor capital equipment, industrial, medical, aerospace, defense, and advanced computing and communications. The company has announced its financial results for the first quarter of 2025, reporting a revenue of $632 million and a non-GAAP operating income of $29 million. Despite a sequential decline in revenue, Benchmark maintained a non-GAAP gross margin above 10% for the sixth consecutive quarter and generated over $27 million in free cash flow.
Key financial metrics for the first quarter include a GAAP operating income of $12 million and non-GAAP earnings per share of $0.52. The company faced a decline in revenue from $657 million in the previous quarter to $632 million, with a corresponding decrease in GAAP earnings per share from $0.50 to $0.10. Benchmark’s diverse industry presence saw varying performance, with the semiconductor capital equipment sector contributing significantly to the revenue.
The company is navigating through tariff-related uncertainties that may affect customer sourcing decisions. However, Benchmark’s global manufacturing capacity, including ten facilities in the United States, positions it well to meet evolving customer needs. Looking ahead, the company provides guidance for the second quarter of 2025 with expected revenue between $615 million and $665 million and non-GAAP earnings per share between $0.52 and $0.58.
Benchmark Electronics remains confident in its ability to adapt to market dynamics and continue executing its long-term objectives. The company’s strategic positioning and operational resilience are expected to support its growth and customer demands in the coming quarters.