Benchmark Electronics (BHE)
NYSE:BHE
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.69Last Year’s EPS
0.55Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: the company beat Q1 expectations on revenue and EPS, raised full-year revenue guidance materially (to 9%–10%), reported strong YoY growth in Medical (+24%) and AC&C (+41%), highlighted improving Semi‑Cap momentum and maintained solid cash generation and a healthy balance sheet. Headwinds were present but generally manageable — sequential margin compression due to seasonality and variable compensation, modest YoY declines in Industrial and A&D, supply‑chain pockets and some ambiguity around the exact magnitude of Semi‑Cap sequential growth. Overall, the positives (guidance raise, sector outperformance, cash flow, bookings and strategic wins) outweigh the negatives.Company Guidance
Revenue and EPS Beat
Q1 revenue of $677 million, up 7% year-over-year, and non-GAAP EPS of $0.58, which was at the higher end of prior guidance ($0.53–$0.59). Quarterly results came in toward the higher end of expectations.
Raised Full-Year Guidance
Company raised full-year revenue growth outlook to 9%–10% (up from prior mid-single-digit expectation) and expects EPS to grow faster than revenue due to execution and disciplined expense management.
Strong Performance in Medical and AC&C
Medical revenue grew 24% year-over-year. AC&C (Advanced Cooling & Compute) grew 41% year-over-year, driven by AI-related ramps (liquid cooling/HPC and clustered AI solutions); company expects strong growth from AC&C in 2026 and was named HPE's 2026 Manufacturing Partner of the Year.
Semi-Cap Momentum and Capacity Investment
Semi-Cap showed sequential improvement and management described a recovery: CEO cited double-digit sequential growth and the company indicated underlying momentum. Management expects mid-teens growth in the Semi-Cap sector for the year and Penang PT building 4 is on track to begin operations in Q3 to support capacity.
Year-over-Year Margin and Profitability Improvement
Non-GAAP gross margin improved 20 basis points year-over-year to 10.3%. Non-GAAP operating margin improved 20 basis points year-over-year to 4.8%, reflecting operational leverage and disciplined execution despite seasonal effects.
Strong Cash Flow and Healthy Balance Sheet
Generated $47 million in operating cash flow and $29 million in free cash flow in Q1. Company is $120 million net cash positive with $325 million in cash and $486 million of available borrowing capacity. Cash conversion cycle improved to 67 days (19-day improvement YoY); inventory days declined 14 days YoY; turns improved to 4.8 from 4.0.
Capital Allocation and Shareholder Returns
Invested ~$18 million in capex in Q1 and expects full-year capex toward the higher end of 2.0%–2.5% of revenue. Returned capital via $6 million in cash dividends and $6 million in share repurchases in the quarter, with ~$117 million remaining under the repurchase authorization.
Positive Bookings and Order Momentum
Management reported another quarter of solid bookings which supports confidence in pacing for the year and sustainability of the growth outlook across multiple end markets.
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 |
|---|---|---|---|
Apr 29, 2026 | $72.40 | $82.05 | +13.33% |
Feb 03, 2026 | $55.84 | $55.80 | -0.07% |
Nov 04, 2025 | $42.70 | $46.37 | +8.61% |
Jul 30, 2025 | $38.81 | $38.06 | -1.94% |
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 Aug 05, 2026, After Close (Confirmed).
What is Benchmark Electronics (BHE) earnings time?
Benchmark Electronics (BHE) earnings time is at Aug 05, 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 (Q2) is 0.69.