The raised full-year guidance and strong Q2 outlook suggest accelerating organic growth and operating leverage. Traders should monitor momentum in Semi-Cap and AC&C, and watch for potential upward estimate revisions from analysts. The stock may re-rate higher if execution sustains.
Price Chart
Executive Summary
Benchmark Electronics reported Q1 2026 revenue of $677M (7.1% YoY growth) and non-GAAP EPS of $0.58, achieving the high end of its guidance. The company raised its full-year revenue growth outlook to 9-10% from mid-single-digit and provided strong Q2 guidance (revenue $700-740M, non-GAAP EPS $0.65-0.71), signaling accelerating demand across Semi-Cap, AC&C, and Medical markets.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $677M (YoY +7.1%), non-GAAP EPS $0.58 (YoY +11.5%)
- Full-year revenue growth outlook raised to 9-10% from mid-single-digit
- Q2 2026 guidance: revenue $700-740M, non-GAAP EPS $0.65-0.71
- Non-GAAP gross margin 10.3%, operating margin 4.8%
- Operating cash flow $47M, free cash flow $29M
- Strength in Semi-Cap, AC&C, and Medical drove results; Industrial and A&D steady
Financial Impact
Q1 revenue beat high end of guidance; FY26 revenue growth guidance raised to 9-10% from prior mid-single-digit, implying ~$2.9B revenue at midpoint.
Risk Factors
- Cyclical exposure to semiconductor capital equipment and industrial end markets
- Restructuring charges and stock-based compensation remain elevated
- Guidance assumes continued macro stability; any slowdown could reverse trajectory
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-191967 |
| Document: bhe-20260429.htm | 0001193125-26-191967 |
| Document: bhe-ex99_2.htm | 0001193125-26-191967 |
| Document: 0001193125-26-191967-index-headers.html | 0001193125-26-191967 |
| Document: 0001193125-26-191967-index.html | 0001193125-26-191967 |
| Document: 0001193125-26-191967.txt | 0001193125-26-191967 |
| 8-K Data (Synthetic) | 0001193125-26-191967 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 12w ago | Institutional Cluster | $85.41 $70.48 | ▼ −17.48% | ▼ −16.24% | $70.22 (−17.78%) |
May 15, 2026 23w ago | Insider Cluster | $84.94 $91.31 | ▲ +7.50% | ▲ +5.38% | $70.22 (−17.33%) |
May 15, 2026 23w ago | Insider Cluster | $84.94 $91.31 | ▲ +7.50% | ▲ +5.38% | $70.22 (−17.33%) |
May 6, 2026 24w ago | Insider Cluster | $86.60 $88.24 | ▲ +1.89% | ▼ −0.89% | $70.22 (−18.91%) |
Apr 29, 2026 25w ago | 8-K | $82.05 $84.46 | ▲ +2.94% | ▼ −2.29% | $70.22 (−14.42%) |
Apr 17, 2026 27w ago | DEFA14A | $65.73 $82.79 | ▲ +25.95% | ▲ +21.75% | $70.22 (+6.83%) |
Feb 24, 2026 34w ago | 8-K | $60.17 $58.84 | ▼ −2.20% | ▲ +3.03% | $70.22 (+16.71%) |
US Market Status
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