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Sep 30, 2025
Benchmark Q3 2025 Earnings Report
Benchmark Electronics, Inc. reported its financial results for the third quarter ended September 30, 2025.
Key Takeaways
Benchmark Electronics achieved the high end of its guidance for revenue and non-GAAP earnings per share in the third quarter of 2025, with revenue reaching $681 million, a 3.5% increase year-over-year. The company saw improved performance across most market sectors and continued strong bookings momentum, positioning it for future growth.
Revenue for Q3 2025 was $681 million, marking a 3.5% increase compared to the same period last year.
Diluted GAAP earnings per share stood at $0.39, while diluted non-GAAP earnings per share reached $0.62, meeting the high end of guidance.
The company experienced improved year-over-year performance across the majority of its market sectors.
Strong bookings momentum continued in Q3 2025, reinforced by the beginning stages of ramping enterprise AI opportunities, indicating potential for stronger growth moving into 2026.
Revenue by Segment
Forward Guidance
Benchmark provides guidance for the fourth quarter of 2025, expecting revenue between $670 million and $720 million, diluted GAAP EPS between $0.44 and $0.50, and diluted non-GAAP EPS between $0.62 and $0.68.
Positive Outlook
- Projected revenue range of $670 million to $720 million for Q4 2025 indicates continued strong sales.
- Diluted GAAP EPS guidance of $0.44 - $0.50 suggests sustained profitability.
- Diluted non-GAAP EPS guidance of $0.62 - $0.68 reflects strong underlying operational performance.
- Exclusion of stock-based compensation and other non-operating expenses from non-GAAP EPS provides a clearer view of core business profitability.
- The guidance aligns with the positive indicators for stronger growth as the year concludes, including enterprise AI opportunities.
Challenges Ahead
- The guidance for non-GAAP EPS excludes approximately $2.3 million in stock-based compensation expense, which will impact GAAP results.
- Non-GAAP EPS guidance also excludes $4.9 million to $5.3 million in other non-operating expenses, including restructuring and amortization of intangibles, which will affect GAAP profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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