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Benchmark Electronics (BHE)
NYSE:BHE
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated clear operational progress: Q4 revenue growth, an EPS beat, sequential margin expansion, strong cash generation, bookings momentum across higher-growth areas (space, MedTech, AI), and targeted capacity investments. Key near-term challenges include semi cap cyclicality (notably a weak Q4), a full-year flat revenue profile, modest full-year operating margin pressure from variable compensation, one-time tax and impairment adjustments, and a planned step-up in CapEx as new facilities and equipment are brought online. Management expects semi recovery in 2026 and provided mid-single-digit revenue growth guidance, indicating cautious optimism while they invest to capture recently won business.Company Guidance
Q4 Revenue Growth and EPS Beat
Fourth quarter revenue of $704M, up 7% year-over-year, and non-GAAP EPS of $0.71, which exceeded prior guidance of $0.62–$0.68.
Sequential Margin and Operating Leverage Improvement
Q4 non-GAAP gross margin of 10.6% (up 50 bps sequentially and 20 bps YoY) and non-GAAP operating margin of 5.5% (up 70 bps sequentially and 40 bps YoY), demonstrating leverage as revenue improved.
Full-Year Earnings Growth and Stable Revenue
Fiscal 2025 revenue of $2.66B was roughly flat versus prior year, while non-GAAP EPS grew 5% to $2.40, marking the fifth consecutive year of bottom-line performance outpacing the top line.
Strong Sector Performers — A&D, Medical, AC&C
Aerospace & Defense: Q4 +7% sequential, +17% YoY (FY +19%); Medical: Q4 +14% sequential, +23% YoY (FY +7%); AC & C: Q4 rebound +22% sequential, +27% YoY, with momentum into AI-related ramps.
Bookings Momentum and Targeted Investments
Meaningful bookings across space, MedTech, and enterprise AI; company investing in global precision footprint including a fourth Penang facility (to be completed Q2, operational Q3) and production equipment aligned to new wins.
Cash Generation and Improved Working Capital
Q4 operating cash flow of $59M and free cash flow of $48M; FY free cash flow $85M; net cash positive $111M, cash balance $322M (up $36M sequentially); cash conversion cycle improved to 67 days (down 10 days sequential / 22 days YoY).
Shareholder Returns and Capital Allocation
Distributed $24M in dividends and repurchased $27M in stock during the year with $123M remaining under repurchase authorization; continued focus on dividend and share repurchases while investing for growth.
BHE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BHE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $56.02 | ― | ― |
Nov 04, 2025 | $43.00 | $46.70 | +8.60% |
Jul 30, 2025 | $39.08 | $38.33 | -1.94% |
Apr 29, 2025 | $37.93 | $32.24 | -15.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Benchmark Electronics (BHE) report earnings?
Benchmark Electronics (BHE) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Benchmark Electronics (BHE) earnings time?
Benchmark Electronics (BHE) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BHE EPS forecast?
BHE EPS forecast for the fiscal quarter 2026 (Q1) is 0.56.