NYSE$BHE

Benchmark Electronics Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Benchmark Electronics reported Q4 2025, revenue of $704M, net income of $45M, diluted EPS of $0.17.

For Q4 2025, Benchmark Electronics reported revenue of $704M, net income of $45M, diluted EPS was $0.17. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Revenue $704M.
  • Net income $45M.
  • Diluted EPS $0.17.

Headline financials

Total Revenue

$704M

Previous: $657M+7.2%
EPS (adj)

$0.17

Previous: $0.61-72.1%
Gross Margin

10.5%

No prior period
Non-GAAP Gross Margin

10.6%

No prior period
Operating Margin

2.9%

No prior period
Non-GAAP Operating Margin

5.5%

No prior period
Days in AR

50

No prior period
Days in Contract Asset

23

No prior period
Days in Inventory

69

No prior period
Days in AP

58

No prior period
Days in Advance Payments

17

No prior period
Cash Conversion Cycle

67

No prior period
Free Cash Flow

$48.1M

No prior period
Net Income

$45M

Previous: $18.4M+144.3%
Operating Income

$20.1M

Previous: $28.5M-29.4%
Gross Profit

$74.2M

Previous: $67.9M+9.2%

Revenue & EPS history

Benchmark · Revenue · Quarterly

$704M

Q4 2025+7.2%vs Q4 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Benchmark · $468M total across 3 segments · Q3 2023

  • Semi-Cap
    $165M-11.3%
  • Industrials
    $154M-0.6%
  • Medical
    $149M-10.2%

Forward guidance

The release discusses Benchmark Electronics's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Benchmark Electronics cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q4 2025

Historical avgQ4 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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