Key Takeaways
- • Benchmark Electronics (BHE) reported record third-quarter 2026 revenue of $810.9 million, up 19% from $680.7 million a year earlier, according to its 8-K filed October 28, 2026.
- • GAAP diluted EPS was $0.47 and non-GAAP diluted EPS was $0.84; net income rose to $17.1 million from $14.3 million.
- • The company raised its fiscal 2026 outlook and now expects revenue growth of approximately 16%.
- • Fourth-quarter guidance calls for revenue of $815 million to $855 million and non-GAAP diluted EPS of $0.85 to $0.91.
- • All five reported sectors (Semi-Cap, Industrial, Medical, AC&C, and A&D) grew sequentially, and management said demand is broadening with healthy bookings momentum.
Summary
Benchmark Electronics reported record third-quarter 2026 revenue of $810.9 million, up 19% year over year from $680.7 million in the prior-year quarter, according to its filing with the SEC dated October 28, 2026. The figure was the company's highest quarterly revenue on record and was disclosed alongside an increase to its fiscal 2026 outlook, which now calls for revenue growth of approximately 16%.
Profitability was mixed on a GAAP basis. GAAP gross profit was $84.4 million, a 10.4% gross margin, while non-GAAP gross margin was 10.5%. GAAP income from operations was $30.7 million, a 3.8% operating margin, compared with a non-GAAP figure of $44.7 million, or a 5.5% margin. Net income was $17.1 million, up from $14.3 million a year earlier. GAAP diluted EPS was $0.47, and non-GAAP diluted EPS was $0.84.
For the fourth quarter, Benchmark guided to revenue of $815 million to $855 million, GAAP diluted EPS of $0.58 to $0.64, and non-GAAP diluted EPS of $0.85 to $0.91.
Management said demand is broadening across the company's portfolio and that bookings momentum remains healthy. All five reported sectors, Semi-Cap, Industrial, Medical, AC&C, and A&D, grew sequentially from the second quarter. The company attributed improved performance to continued execution and its ongoing transformation. Benchmark provides engineering design, supply chain, and manufacturing services across advanced computing and communications, aerospace and defense, industrial, medical, and semiconductor capital equipment markets.
Profitability was mixed on a GAAP basis. GAAP gross profit was $84.4 million, a 10.4% gross margin, while non-GAAP gross margin was 10.5%. GAAP income from operations was $30.7 million, a 3.8% operating margin, compared with a non-GAAP figure of $44.7 million, or a 5.5% margin. Net income was $17.1 million, up from $14.3 million a year earlier. GAAP diluted EPS was $0.47, and non-GAAP diluted EPS was $0.84.
For the fourth quarter, Benchmark guided to revenue of $815 million to $855 million, GAAP diluted EPS of $0.58 to $0.64, and non-GAAP diluted EPS of $0.85 to $0.91.
Management said demand is broadening across the company's portfolio and that bookings momentum remains healthy. All five reported sectors, Semi-Cap, Industrial, Medical, AC&C, and A&D, grew sequentially from the second quarter. The company attributed improved performance to continued execution and its ongoing transformation. Benchmark provides engineering design, supply chain, and manufacturing services across advanced computing and communications, aerospace and defense, industrial, medical, and semiconductor capital equipment markets.
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