Benchmark Electronics (BHE) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Benchmark Electronics published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Benchmark Electronics reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Sector figures are from the Form 10-Q, which reports them to one decimal; the release rounds them to whole millions. AC&C is advanced computing and communications, and A&D is aerospace and defense.

Source: Benchmark Electronics Q3 2026 results (Form 8-K, Exhibit 99.1), October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Benchmark Electronics splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Benchmark Electronics's Semi-Cap revenue was $241 million in Q3 2026, up 30% from $185 million in Q3 2025, 30% of total revenue.
• Benchmark Electronics's Industrial revenue was $172 million in Q3 2026, up 13% from $152 million in Q3 2025, 21% of total revenue.
• Benchmark Electronics's Medical revenue was $138 million in Q3 2026, up 9% from $126 million in Q3 2025, 17% of total revenue.
• Benchmark Electronics's AC&C revenue was $133 million in Q3 2026, up 50% from $88.2 million in Q3 2025, 16% of total revenue.
• Benchmark Electronics's A&D revenue was $128 million in Q3 2026, down 1% from $129 million in Q3 2025, 16% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Benchmark Electronics said:

“Revenue between $815 million and $855 million”

“Diluted GAAP earnings per share between $0.58 and $0.64”

“Diluted non-GAAP earnings per share between $0.85 and $0.91”

“We now expect 2026 revenue growth of approximately 16%, further increasing our outlook beyond the $3 billion annual revenue level we established last quarter.”

Source: Benchmark Electronics Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the BHE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP sales and diluted EPS, each as first reported in that quarter's earnings release.

We do not hold a confirmed date for Benchmark Electronics's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

Benchmark Electronics is a contract manufacturer and engineering services provider, and it reports sales by the end market it builds for. In Q3 2026 sales were a record $810.9 million, up 19% from $680.7 million. Semiconductor capital equipment (Semi-Cap) was the largest sector at $240.7 million, 30% of the total, followed by Industrial at $171.6 million, Medical at $138.2 million, advanced computing and communications (AC&C) at $132.5 million and aerospace and defense (A&D) at $127.9 million. (Benchmark Electronics Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 28, 2026; Benchmark Electronics Form 10-Q, Q3 2026, Oct 28, 2026)

Benchmark Electronics' fastest growth came from AC&C, up 50%, which the 10-Q attributed to program wins in the high performance computing market supported by continued investment in data center infrastructure. Semi-Cap rose 30% on strong end-market demand and new program wins, Industrial 13% on new program awards from key existing customers, and Medical 9% on program ramps. A&D fell 1% as certain programs wound down. (Benchmark Electronics Form 10-Q, Q3 2026, Oct 28, 2026)

Benchmark Electronics' sales are concentrated: its ten largest customers accounted for 50% of sales in the first nine months of 2026, against 53% a year earlier. International operations produced 66% of sales in Q3 2026, up from 56%. The company has facilities in eight countries. (Benchmark Electronics Form 10-Q, Q3 2026, Oct 28, 2026; Benchmark Electronics Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

Benchmark Electronics' working capital grew with the sales. Inventories rose to $633.6 million at September 30, 2026 from $482.5 million at the end of 2025, while accounts payable rose to $663.7 million from $403.2 million. The cash conversion cycle shortened to 54 days from 77 days a year earlier. (Benchmark Electronics Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

Benchmark Electronics earned GAAP diluted EPS of $0.47 in Q3 2026, up 21% from $0.39, and non-GAAP diluted EPS of $0.84, up 35% from $0.62. The gap is mostly stock-based compensation of $9.5 million, plus restructuring charges and other costs of $2.2 million and $1.2 million of amortization of intangible assets, net of tax. (Benchmark Electronics Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

Benchmark Electronics' effective tax rate was 36.1% in the quarter, against 30.7% a year earlier and the 21% U.S. federal rate. The 10-Q attributes the higher rate to losses in jurisdictions where no tax benefit was recognized, the geographic mix of earnings and the OECD Pillar Two global minimum tax. Diluted weighted average shares were 36,396 thousand, against 36,182 thousand, and the company spent $14.3 million on share repurchases over the nine months. (Benchmark Electronics Form 10-Q, Q3 2026, Oct 28, 2026; Benchmark Electronics Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Benchmark Electronics gives a quarterly outlook in each release. For Q4 2026 it guided 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, excluding stock-based compensation of about $7.8 million and other non-operating expenses of $2.7 million to $3.2 million. The release raised the fiscal year 2026 outlook, and the CEO said the company now expects 2026 revenue growth of approximately 16%. (Benchmark Electronics Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover Benchmark Electronics, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Benchmark Electronics's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning BHE is on is BHE a buy or a sell?, what analysts expect next is on the BHE forecast, and what the company does is on the Benchmark Electronics (BHE) stock page.

Every number on this page can be traced to a document Benchmark Electronics published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.