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Jun 30, 2020
Benchmark Q2 2020 Earnings Report
Benchmark reported second quarter results with revenue of $491 million and non-GAAP EPS of $0.07.
Key Takeaways
Benchmark Electronics reported a mixed second quarter, with revenue at $491 million. The company experienced a GAAP diluted loss per share of $(0.09), but a non-GAAP diluted EPS of $0.07. Strong growth was seen in the Medical and Semi-Cap sectors.
Quarterly revenue of $491 million.
Semi-Cap revenue growth of 39% year-over-year.
Medical revenue growth of 18% year-over-year.
Quarterly GAAP diluted loss per share of $(0.09) and non-GAAP diluted EPS of $0.07.
Benchmark
Benchmark
Benchmark Revenue by Segment
Revenue by Segment
Semi-Cap Revenue
CapyFin.comIndustrial Revenue
CapyFin.comMedical Revenue
CapyFin.com Forward Guidance
The company expects revenue between $490 - $530 million and diluted GAAP earnings per share between $0.21 - $0.26 for Q3 2020.
Positive Outlook
- Expect sequential improvements in revenue.
- Expect sequential improvements in profit.
- Expect sequential improvements in utilization.
- Stronger demand from Semi-Cap customers.
- Stronger demand from Defense customers.
Challenges Ahead
- Guidance includes known constraints due to COVID-19.
- Guidance assumes no further significant interruptions occur to our supply base.
- Guidance assumes no further significant interruptions occur to our operations.
- Guidance assumes no further significant interruptions occur to our customers.
- Guidance assumes no material changes to market conditions due to COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income