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Jun 30
Benchmark Q2 2025 Earnings Report
Benchmark Electronics, Inc. reported its financial results for the second quarter ended June 30, 2025.
Key Takeaways
Benchmark Electronics reported a slight increase in revenue sequentially, reaching $642 million, driven by growth in A&D and recovery in Industrial and Medical sectors. Despite a decrease in GAAP EPS, non-GAAP EPS remained strong at $0.55, and the company achieved a multi-year record in new bookings.
Revenue for Q2 2025 was $642 million, showing sequential growth.
GAAP Operating Income was $20 million, and Non-GAAP Operating Income was $30 million.
GAAP earnings per share were $0.03, while Non-GAAP earnings per share were $0.55.
The company achieved a multi-year record in new bookings during the quarter, indicating strong future momentum.
Benchmark
Benchmark
Benchmark Revenue by Segment
Revenue by Segment
Semi-Cap Revenue
CapyFin.comIndustrial Revenue
CapyFin.comA&D Revenue
CapyFin.comMedical Revenue
CapyFin.comAC&C Revenue
CapyFin.com Forward Guidance
For the third quarter of 2025, Benchmark expects revenue to be between $635 million and $685 million, with diluted GAAP earnings per share between $0.28 and $0.34, and diluted non-GAAP earnings per share between $0.56 and $0.62.
Positive Outlook
- Projected revenue range of $635 million - $685 million for Q3 2025.
- Non-GAAP EPS guidance of $0.56 - $0.62 for Q3 2025, indicating continued strong profitability.
- Management expresses confidence in accelerating momentum to drive growth and operational leverage.
- Continued strength anticipated in A&D sector.
- Solid recovery expected to continue in Industrial and Medical sectors.
Challenges Ahead
- GAAP EPS guidance of $0.28 - $0.34 for Q3 2025, which is lower than non-GAAP.
- Non-GAAP EPS guidance excludes stock-based compensation expense of approximately $5.3 million.
- Non-GAAP EPS guidance excludes other non-operating expenses of $6.1 million to $6.3 million.
- These exclusions include restructuring, amortization of intangibles, and other expenses.
- The report does not specify any direct negative forward-looking statements beyond the exclusions for non-GAAP calculations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income