Benchmark Electronics, Inc. logo

Benchmark Electronics, Inc.

BHE

NYSETechnologyHardware, Equipment & Parts

Previous close

$72.64

−$0.72 · -0.98%

Aug 21, 4:00 PM ET

BHE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

42

Fair Value

Momentum

51

Neutral

Sentiment

64

Bullish

Risk resilience

50

Elevated Risk

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Company profile

Company website

Benchmark Electronics, Inc., together with its subsidiaries, operates as a global provider, delivering a comprehensive suite of product design, engineering, technology solutions, and manufacturing services across the Americas, Asia, and Europe. Its capabilities span engineering and technology solutions, encompassing initial product design, prototyping, and comprehensive testing. This includes specialized custom testing setups and the development and construction of automation equipment. Furthermore, Benchmark excels in electronics manufacturing and rigorous testing. This involves the assembly and testing of printed circuit boards and subsystems, alongside thorough evaluations of circuitry and functionality. Their quality assurance extends to environmental, stress, and component reliability assessments, complemented by component engineering, manufacturing defect analysis, in-circuit testing, functional testing, lifecycle testing, and detailed failure analysis. The company also offers precision machining and electromechanical assembly, coupled with comprehensive subsystem and full system integration services that encompass assembly, configuration, and testing across diverse industrial sectors. Beyond core manufacturing, Benchmark provides value-added support systems, comprehensive supply chain management solutions, and direct order fulfillment. Crucially, they offer extensive aftermarket, non-warranty services that span a product's entire lifecycle, including repair, replacement, refurbishment, remanufacturing, exchange programs, system upgrades, and the production of spare parts. The company's clientele primarily consists of Original Equipment Manufacturers (OEMs) across critical sectors such as aerospace and defense, medical technologies, complex industrial applications, semiconductor capital equipment, telecommunications, and advanced computing. Benchmark promotes its services and solutions predominantly through a dedicated direct sales force. Established in 1979, the firm, previously known as Electronics, Inc., maintains its headquarters in Tempe, Arizona.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
US
CEO
David Moezidis
Listed since
Jun 27, 1990
Employees
11,840

Market position

Day range

Current $72.64

52-week range

Current $72.64

Open
$73.72
Previous close
$73.36
Volume
276.2K
0.6× average
Average volume
463.8K
Average daily volume
Market cap
2.61B USD
Beta
1.29
Market reference 1
50-day average
$84.1984
-13.73% below average
200-day average
$65.1701
+11.46% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.52B USD
P/E (TTM)
49.08×
P/B (TTM)
2.33×
P/S (TTM)
0.93×
EV / EBITDA
11.83×
Earnings yield
1.62%
Free cash flow yield
5.57%
Dividend yield
0.94%

Profitability & efficiency

Gross margin
10.23%
Operating margin
4.21%
Net margin
1.89%
Return on equity
2.26%
Return on assets
1.20%
Return on invested capital
2.95%

Financial health

Debt / equity
0.25×
Current ratio
2.28×
Altman Z-score
3.64
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends11%7%4%0%Gross margin, FY2021: 9.13%Gross margin, FY2022: 8.84%Gross margin, FY2023: 9.55%Gross margin, FY2024: 10.17%Gross margin, FY2025: 9.96%Operating margin, FY2021: 2.35%Operating margin, FY2022: 3.12%Operating margin, FY2023: 3.86%Operating margin, FY2024: 4.12%Operating margin, FY2025: 3.96%Net margin, FY2021: 1.59%Net margin, FY2022: 2.36%Net margin, FY2023: 2.27%Net margin, FY2024: 2.38%Net margin, FY2025: 0.93%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 9.13%. Gross margin FY2022 8.84%. Gross margin FY2023 9.55%. Gross margin FY2024 10.17%. Gross margin FY2025 9.96%. Operating margin FY2021 2.35%. Operating margin FY2022 3.12%. Operating margin FY2023 3.86%. Operating margin FY2024 4.12%. Operating margin FY2025 3.96%. Net margin FY2021 1.59%. Net margin FY2022 2.36%. Net margin FY2023 2.27%. Net margin FY2024 2.38%. Net margin FY2025 0.93%.

Income trends

Revenue

2.66B USD+0.11%

Operating income

105.29M USD-3.77%

Net income

24.85M USD-60.76%
Income trends across reported periods3.17B USD2.03B USD883.3M USD−261.3M USDRevenue, FY2021: 2.26B USDRevenue, FY2022: 2.89B USDRevenue, FY2023: 2.84B USDRevenue, FY2024: 2.66B USDRevenue, FY2025: 2.66B USDOperating income, FY2021: 53.06M USDOperating income, FY2022: 90.07M USDOperating income, FY2023: 109.66M USDOperating income, FY2024: 109.41M USDOperating income, FY2025: 105.29M USDNet income, FY2021: 35.77M USDNet income, FY2022: 68.23M USDNet income, FY2023: 64.32M USDNet income, FY2024: 63.33M USDNet income, FY2025: 24.85M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.26B USD. Revenue FY2022 2.89B USD. Revenue FY2023 2.84B USD. Revenue FY2024 2.66B USD. Revenue FY2025 2.66B USD. Operating income FY2021 53.06M USD. Operating income FY2022 90.07M USD. Operating income FY2023 109.66M USD. Operating income FY2024 109.41M USD. Operating income FY2025 105.29M USD. Net income FY2021 35.77M USD. Net income FY2022 68.23M USD. Net income FY2023 64.32M USD. Net income FY2024 63.33M USD. Net income FY2025 24.85M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.66B USD2.66B USD2.84B USD2.89B USD2.26B USD
Cost of goods sold2.39B USD2.39B USD2.57B USD2.63B USD2.05B USD
Gross profit264.95M USD270.02M USD271.07M USD255.24M USD205.9M USD
Selling, general, and administrative159.66M USD149.46M USD147.03M USD150.22M USD136.7M USD
Operating expenses159.66M USD160.61M USD161.41M USD165.17M USD152.84M USD
Interest income9.55M USD10.21M USD6.26M USD1.73M USD540K USD
Interest expense20.16M USD26.92M USD31.88M USD12.89M USD8.47M USD
Depreciation and amortization46.86M USD46.14M USD45.41M USD44.25M USD44.15M USD
Operating income105.29M USD109.41M USD109.66M USD90.07M USD53.06M USD
Net income24.85M USD63.33M USD64.32M USD68.23M USD35.77M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+6.14%
11 comparable reports
Latest EPS result
0.75
Estimate 0.69 · Beat by 9.49%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.830.710.580.46Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 0.61, estimate 0.56, surprise +8.93%, Beat. Q2 2025, reported Apr 29, 2025: actual 0.52, estimate 0.5, surprise +4.00%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.55, estimate 0.583, surprise -5.66%, Miss. Q4 2025, reported Nov 4, 2025: actual 0.62, estimate 0.65, surprise -4.62%, Miss. Q1 2026, reported Feb 3, 2026: actual 0.71, estimate 0.643, surprise +10.42%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.58, estimate 0.555, surprise +4.50%, Beat. Q3 2026, reported Jul 29, 2026: actual 0.75, estimate 0.685, surprise +9.49%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.793, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates807.3M738.44M669.58M600.71MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 656.89M USD, estimate 660.75M USD, surprise -0.58%, Miss. Q2 2025, reported Apr 29, 2025: actual 631.76M USD, estimate 668.77M USD, surprise -5.53%, Miss. Q3 2025, reported Jul 30, 2025: actual 642.34M USD, estimate 667.07M USD, surprise -3.71%, Miss. Q4 2025, reported Nov 4, 2025: actual 680.68M USD, estimate 696.33M USD, surprise -2.25%, Miss. Q1 2026, reported Feb 3, 2026: actual 704M USD, estimate 696.25M USD, surprise +1.11%, Beat. Q2 2026, reported Apr 29, 2026: actual 677M USD, estimate 676.25M USD, surprise +0.11%, Beat. Q3 2026, reported Jul 29, 2026: actual 755.98M USD, estimate 720M USD, surprise +5.00%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 776.25M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$91.00

25.28% upside
Past 12 months12-month forecastHigh $92.00Average $91.00Low $90.00

Recent analyst actions

3 institutions
Sidoti & Co.downgradeBuyNeutral

BHE news

Corporate actions

Corporate action history

Stock split

Effective Apr 4, 2006

3:2

Stock split

Effective Nov 14, 2003

3:2

Stock split

Effective Aug 15, 1997

2:1

ETFs holding BHE

Funds reporting this stock among their holdings, ordered by reported position size.

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