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Sep 30, 2022
Benchmark Q3 2022 Earnings Report
Benchmark's third quarter results demonstrated solid revenue growth and earnings performance.
Key Takeaways
Benchmark Electronics reported strong third-quarter results, with revenue reaching $772 million, a 35% year-over-year increase. The company's GAAP operating income rose by 114% year-over-year, and non-GAAP operating income increased by 44%. GAAP diluted EPS was $0.53, up 130% year-over-year, while non-GAAP diluted EPS was $0.57, up 46% year-over-year.
Revenue reached $772 million, reflecting a 35% year-over-year growth.
Computing and Telco combined revenue experienced a 60% year-over-year increase.
GAAP operating income increased by 114% year-over-year.
GAAP diluted EPS reached $0.53, demonstrating a 130% year-over-year growth.
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 $760 and $800 million and diluted GAAP earnings per share between $0.52 and $0.56 for the fourth quarter of 2022. Diluted non-GAAP earnings per share are expected to be between $0.58 and $0.62, excluding restructuring charges and other costs and amortization of intangibles.
Positive Outlook
- Revenue between $760 - $800 million
- Diluted GAAP earnings per share between $0.52 - $0.56
- Diluted non-GAAP earnings per share between $0.58 - $0.62
- Guidance considers all known constraints for the quarter.
- Guidance assumes no further significant interruptions to supply base, operations, or customers.
Challenges Ahead
- Guidance takes into consideration all known constraints for the quarter.
- Restructuring charges are expected to range between $0.8 million and $1.0 million in the fourth quarter.
- Amortization of intangibles is expected to be $1.6 million in the fourth quarter.
- Potential customer demand fluctuations may impact the company’s business.
- Supply chain constraints may have resulting impacts on the company’s financial condition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income