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EX-99.1

2 bhe-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

BENCHMARK REPORTS FIRST QUARTER 2026 RESULTS AND RAISES FULL YEAR OUTLOOK

TEMPE, AZ, April 29, 2026 – Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the first quarter ended March 31, 2026.

First quarter 2026 results and 2026 outlook:

• Revenue of $677 million

• Diluted GAAP earnings per share of $0.36

• Diluted non-GAAP earnings per share of $0.58

• Operating cash flow of $47 million with free cash flow of $29 million

• Increasing full year revenue growth outlook to 9-10%

“Our first quarter results have increased our confidence in 2026 and are a clear sign of the benefits from the customer‑first initiatives we began implementing over two years ago and continue to build on today,” said David Moezidis, Benchmark’s President and CEO.

Moezidis continued, “We are seeing improvement across a broad cross‑section of our business, led by strengthening in Semi‑Cap and continued momentum in AC&C and Medical. This positions us for sequential and year‑over‑year growth through the remainder of the year, with full year revenue now expected to be in the 9–10% range, up from prior expectations of mid‑single‑digit growth."

Three Months Ended

Summary GAAP Items

March 31,

December 31,

March 31,

(Amounts in millions, except per share data)

2025

2025

2026

Revenue

$

632

$

704

$

677

Gross Margin

10.0

%

10.5

%

10.2

%

Operating Margin

1.9

%

2.9

%

3.2

%

Diluted EPS

$

0.10

$

0.17

$

0.36

Three Months Ended

Summary Non-GAAP Items(1)

March 31,

December 31,

March 31,

(Amounts in millions, except per share data)

2025

2025

2026

Revenue

$

632

$

704

$

677

Gross Margin

10.1

%

10.6

%

10.3

%

Operating Margin

4.6

%

5.5

%

4.8

%

Diluted EPS

$

0.52

$

0.71

$

0.58

(1) A reconciliation of non-GAAP results to the most directly comparable GAAP measures and a discussion of why management believes these non-GAAP results are useful are included below.

1

First Quarter and Fiscal Year Revenue by Sector

Three Months Ended

March 31,

December 31,

March 31,

(In millions)

2025

2025

2026

Semi-Cap

$

195

32

%

$

171

24

%

$

191

28

%

Industrial

137

22

144

20

133

20

A&D

122

19

137

20

120

18

Medical

104

16

144

21

128

19

AC&C

74

11

108

15

105

15

Total

$

632

100

%

$

704

100

%

$

677

100

%

Cash Conversion Cycle

Three Months Ended

March 31,

December 31,

March 31,

2025

2025

2026

Days in accounts receivable

53

50

50

Days in contract asset

25

23

25

Days in inventory

89

69

75

Days in accounts payable

(61

)

(58

)

(67

)

Days in advance payments from customers

(20

)

(17

)

(16

)

Days in cash conversion cycle

86

67

67

Second Quarter 2026 Guidance

• Revenue between $700 million and $740 million

• Diluted GAAP earnings per share between $0.51 and $0.57

• Diluted non-GAAP earnings per share between $0.65 and $0.71

• Non-GAAP earnings per share guidance excludes stock-based compensation expense of approximately $6.1 million and other non-operating expenses of $0.8 million to $1.2 million, which includes restructuring, amortization of intangibles and other expenses.

First Quarter 2026 Earnings Conference Call

The Company will host a conference call to discuss the results today at 5:00 p.m. Eastern Time. The live webcast of the call and accompanying reference materials will be accessible by logging on to the Company’s website at www.bench.com. A replay of the broadcast will also be available on the Company’s website.

About Benchmark Electronics, Inc.

Benchmark provides comprehensive solutions across the entire product lifecycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain, and delivering world-class manufacturing services in the following industries: advanced computing and communications (AC&C), aerospace and defense (A&D), industrial, medical, and semiconductor capital equipment (Semi-Cap). Benchmark’s global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.

2

For More Information, Please Contact:

Paul Mansky, Investor Relations and Corporate Development

1-623-300-7052 or paul.mansky@bench.com

3

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as “anticipate,” “believe,” “intend,” “plan,” “project,” “forecast,” “strategy,” “position,” “continue,” “estimate,” “expect,” “may,” “will,” “could,” “predict,” and similar expressions of the negative or other variations thereof. In particular, statements, expressed

8-K

0000863436false00008634362026-02-032026-02-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 03, 2026

BENCHMARK ELECTRONICS, INC.

(Exact name of Registrant as Specified in Its Charter)

Texas

001-10560

74-2211011

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

56 South Rockford Drive

Tempe, Arizona

85288

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (623) 300-7000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.10 per share

BHE

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 3, 2026, Benchmark Electronics, Inc. (the “Company”) issued a press release announcing its results of operations for the quarter and year ended December 31, 2025. A copy of the press release and accompanying investor presentation are attached hereto as Exhibits 99.1 and 99.2, respectively, and incorporated by reference herein. The information disclosed under this Item 2.02, including Exhibits 99.1 and 99.2 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits.

Exhibit No.

Description

99.1

Press release, dated February 3, 2026

99.2

Investor presentation, dated February 3, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

BENCHMARK ELECTRONICS, INC.

Date:

February 3, 2026

By:

/s/ Stephen J. Beaver

Stephen J. Beaver, Esq. Senior Vice President, General Counsel and Chief Legal Officer