Q2 Revenue Jumps 18%, FY Guidance Raised to Record $3B
BHE has more than doubled off its 52-week low of $34.44.
Summary
Benchmark Electronics delivered a strong Q2 beat with revenue up 18% YoY to $756M, well above the $720M consensus. Adjusted EPS of $0.75 also topped estimates by $0.06. Management raised the full-year revenue outlook to a record $3B, signaling confidence in sustained demand. Q3 guidance calls for revenue of $755M-$795M and adjusted EPS of $0.76-$0.82, both ahead of prior expectations. The results follow a robust Q1 and reflect broad-based end-market strength and record bookings. With shares trading at 26x forward earnings, the raised guidance and peer beats from Sanmina and Flex suggest the EMS cycle is accelerating. The company filed an 8-K regarding its operations and financial condition.
At the time of this announcement, BHE was trading at $81.00 on NYSE in the Technology sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $34.44 to $100.41. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.