Benchmark Electronics Q3 revenue beats analyst estimates, lifts FY outlook

Overview

• U.S. electronics manufacturer reported Q3 revenue up 19% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 grew 35% yr/yr and beat analyst expectations

• Company raised 2026 revenue growth outlook to about 16%, citing broadening demand

Outlook

• Benchmark sees Q4 revenue between $815 mln and $855 mln

• Company expects Q4 diluted GAAP EPS of $0.58 to $0.64

• Company raises 2026 revenue growth outlook to about 16%

Result Drivers

• BROADENING DEMAND - Co said demand increased across its portfolio, with healthy bookings momentum

• EARNINGS GROWTH OUTPACING SALES - Co said earnings grew at nearly twice the rate of sales

• SECTOR CONTRIBUTIONS - Semi-capital equipment and industrial segments contributed most to revenue growth

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Benchmark Electronics Inc is $88.50, about 25.2% above its October 27 closing price of $70.70

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 33 three months ago

Reuters Recommended Reads

• Oct 28 - Amphenol Q3 sales beat estimates on IT datacom growth, acquisitions

• Oct 28 - Littelfuse Q3 sales rise 23% on electronics segment strength

• Oct 27 - Switzerland's INFICON Q3 sales jump, lifts FY outlook on firm semiconductor demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)