NYSE$BHE
Benchmark Electronics Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Benchmark's revenue increased, driven by growth across various sectors, and EPS saw significant year-over-year gains.
Benchmark Electronics reported strong second-quarter 2022 results, with revenue reaching $728 million, a 34% increase year-over-year. GAAP diluted EPS was $0.49, up 145% year-over-year, and non-GAAP diluted EPS was $0.50, up 85% year-over-year. The company's performance was driven by growth in the Medical, Industrials, and Computing sectors.
- Revenue reached $728 million, reflecting a 34% year-over-year growth.
- GAAP operating income increased by 110% year-over-year.
- GAAP diluted EPS was $0.49, marking a 145% increase year-over-year.
- The company anticipates continued momentum through the second half of 2022, supported by strong demand indicators and limited consumer exposure.
Headline financials
Revenue & EPS history
Benchmark · Revenue · Quarterly
$728M
Revenue by segment
Benchmark · $590M total across 4 segments · Q2 2022
- Semi-Cap$175M+25.9%29.7%
- Medical$166M+52.3%28.1%
- Industrials$159M+59.0%26.9%
- A&D$90M-7.2%15.3%
Forward guidance
The company expects revenue between $715 - $755 million and diluted GAAP earnings per share between $0.41 - $0.46 for Q3 2022. Diluted non-GAAP earnings per share are expected to be between $0.49 - $0.55, excluding restructuring charges and other costs and amortization of intangibles.
Tailwinds
- Revenue between $715 - $755 million
- Diluted GAAP earnings per share between $0.41 - $0.46
- Diluted non-GAAP earnings per share between $0.49 - $0.55
- Guidance considers all known constraints for the quarter
- Guidance assumes no material impact due to COVID disruptions
Headwinds
- Restructuring charges are expected to range between $1.6 million and $2.4 million
- Amortization of intangibles is expected to be $1.6 million
- Guidance takes into consideration all known constraints for the quarter
- Assumes no further significant interruptions to our supply base
- Assumes no further significant interruptions to operations or customers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.3%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.7%
Avg return
30 days after
54%
37 / 69 earnings
Positive
+18.4%
Q1 2024
Best reaction
-18.1%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.2% | +16.8% | +16.6% | |
| Q4 2025 | +3.8% | +5.0% | -5.6% | |
| Q3 2025 | +8.1% | +4.7% | +9.2% | |
| Q2 2025 | -2.5% | -0.4% | +3.4% | |
| Q1 2025 | -15.0% | -9.3% | -4.6% | |
| Q4 2024 | -3.2% | -6.3% | -9.0% | |
| Q3 2024 | -4.3% | -0.2% | +7.2% | |
| Q1 2024 | +18.4% | +26.0% | +42.6% | |
| Q4 2023 | +7.0% | +9.0% | +12.9% | |
| Q3 2023 | +3.7% | +4.3% | +9.9% | |
| Q2 2023 | +2.5% | +0.6% | -1.5% | |
| Q1 2023 | -1.6% | -4.1% | +12.5% | |
| Q4 2022 | -11.5% | -10.9% | -14.1% | |
| Q3 2022 | -6.8% | -2.1% | -1.6% | |
| Q2 2022 | +3.4% | +2.4% | +1.3% | |
| Q1 2022 | -2.7% | +0.1% | +3.3% | |
| Q4 2021 | +4.0% | +0.7% | +5.8% | |
| Q3 2021 | -9.6% | -6.4% | -5.9% | |
| Q2 2021 | +7.5% | +5.8% | +8.7% | |
| Q1 2021 | +0.1% | +2.4% | +2.4% | |
| Q4 2020 | +1.9% | +3.8% | +10.3% | |
| Q3 2020 | +0.6% | +4.6% | +22.8% | |
| Q2 2020 | +1.7% | +4.2% | +1.5% | |
| Q1 2020 | -6.6% | -10.2% | -4.2% | |
| Q4 2019 | -13.9% | -18.4% | -4.1% | |
| Q3 2019 | +2.7% | +10.5% | +6.2% | |
| Q2 2019 | +5.5% | +6.6% | +3.2% | |
| Q1 2019 | -8.7% | -8.0% | -21.5% | |
| Q4 2018 | +3.5% | +3.6% | -1.6% | |
| Q3 2018 | -1.4% | +7.0% | +7.0% | |
| Q2 2018 | -18.1% | -18.4% | -12.7% | |
| Q1 2018 | -9.0% | -13.5% | -8.9% | |
| Q4 2017 | +4.8% | +4.5% | +14.0% | |
| Q3 2017 | -12.2% | -13.6% | -13.6% | |
| Q2 2017 | -2.3% | -0.7% | -7.9% | |
| Q1 2017 | +3.7% | +2.3% | +0.6% | |
| Q4 2016 | +7.9% | +5.9% | +1.6% | |
| Q3 2016 | +1.4% | +1.0% | +11.0% | |
| Q2 2016 | +2.0% | +3.2% | +6.0% | |
| Q1 2016 | -13.6% | — | — | |
| Q4 2015 | +4.0% | — | — | |
| Q3 2015 | -10.0% | — | — | |
| Q2 2015 | +5.6% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | -9.0% | — | — | |
| Q3 2014 | +5.5% | — | — | |
| Q2 2014 | +2.8% | — | — | |
| Q1 2014 | -0.0% | — | — | |
| Q4 2013 | +2.7% | — | — | |
| Q3 2013 | +3.1% | — | — | |
| Q2 2013 | +3.3% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | +0.8% | — | — | |
| Q3 2012 | +2.2% | — | — | |
| Q2 2012 | +10.5% | — | — | |
| Q1 2012 | +7.6% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q2 2009 | -0.1% | — | — | |
| Q1 2009 | -0.1% | — | — | |
| Q3 2011 | -8.4% | — | — | |
| Q2 2011 | +0.5% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2008 | +4.1% | — | — | |
| Q4 2010 | +4.1% | — | — | |
| Q3 2009 | -1.3% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q4 2009 | -0.7% | — | — |
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