Abstract
Benchmark Electronics will release its quarterly results on February 03, 2026 Post Market; this preview synthesizes market expectations, last quarter’s performance, and the current quarter outlook based on company guidance and institutional commentary.
Market Forecast
Consensus projections for the current quarter point to revenue of USD 696.25 million, an adjusted EPS of USD 0.64, and EBIT of USD 24.60 million, implying year-over-year changes of 5.37%, 14.20%, and -19.27%, respectively; margin expectations are for a stable gross profit margin around the prior trend and a net profit margin consistent with recent levels. The main business mix is expected to reflect continued demand in Semiconductor Capital Equipment, Industrial, Aerospace & Defense, Medical, and Computing, with a modest uplift concentrated in higher-complexity programs. The most promising segment is Semiconductor Capital Equipment, which contributed USD 185.16 million last quarter; institutional estimates anticipate a favorable year-over-year trajectory toward mid-single-digit growth supported by sustained wafer-fab equipment programs.
Last Quarter Review
Benchmark Electronics reported last quarter revenue of USD 680.68 million, a gross profit margin of 9.98%, GAAP net profit attributable to the parent company of USD 14.26 million, a net profit margin of 2.10%, and adjusted EPS of USD 0.62, with year-over-year growth of 3.49% on revenue, -6.47% on EBIT, and 8.77% on adjusted EPS. A notable highlight was adjusted EPS outperforming consensus by USD 0.04, driven by a more favorable mix and disciplined operating expense control despite softer EBIT. Main business highlights showed revenue contributions of USD 185.16 million from Semiconductor Capital Equipment, USD 152.35 million from Industrial, USD 128.66 million from Aerospace & Defense, USD 126.28 million from Medical, and USD 88.23 million from Computing, reflecting diversified demand across core end markets.
Current Quarter Outlook
Main Business: Core EMS Programs Across Semiconductor Equipment, Industrial, Aerospace & Defense, Medical, and Computing
Benchmark Electronics’ diversified portfolio across critical end markets positions its core EMS programs to deliver steady execution this quarter. With consensus revenue projected at USD 696.25 million and adjusted EPS at USD 0.64, expectations reflect incremental growth from program ramps in higher-complexity assemblies and sustained customer demand in regulated and mission-critical applications. Profitability is modeled to align with last quarter’s reported gross profit margin of 9.98%, while management and analysts are monitoring overhead absorption and mix effects that could modulate margins near-term. On balance, revenue growth in the mid-single digits appears supported by backlog conversion and continued service content in engineering, test, and integration.
Most Promising Business: Semiconductor Capital Equipment
Semiconductor Capital Equipment remains the most promising segment given the USD 185.16 million contribution last quarter and favorable customer roadmaps tied to wafer-fab capacity additions and tool upgrades. Even with macro variability, institutional forecasts suggest mid-single-digit year-over-year growth potential as program maturities increase and complex subsystem builds scale. Profit conversion will depend on product mix, supply-chain timing, and cost normalization, but the segment’s engineering intensity and recurring program cadence provide visibility to sustained contribution. The quarter’s expected uplift is supported by continued investment cycles at key OEMs, where Benchmark Electronics’ precision manufacturing and integration capabilities are increasingly valued.
Key Stock Price Drivers This Quarter
The stock’s near-term performance is likely to hinge on revenue mix and margin capture across complex programs, as EBIT is forecast at USD 24.60 million with a year-over-year decline of 19.27%. Investors will focus on whether gross profit margin can hold near 9.98% amid component cost movements and ramp inefficiencies in new programs. Another important driver is the net profit margin, which was 2.10% last quarter; any deviation from this level will signal either improved operating leverage or cost pressure. Finally, adjusted EPS of USD 0.64 is the headline metric for equity markets; a beat or miss versus this level will reflect execution on backlog, supply stability, and the balance between pricing and cost management in a mixed-demand environment.
Analyst Opinions
Cautiously positive views dominate current institutional commentary, with a majority favoring a modest beat on revenue and EPS driven by mix improvements and steady execution in higher-complexity segments, while acknowledging EBIT pressure from ramp costs and program transitions. Analysts point to last quarter’s USD 0.62 adjusted EPS surprise and stable gross profitability as encouraging signs for maintaining momentum into the February 03, 2026 print. The bullish case emphasizes Semiconductor Capital Equipment’s contribution and visibility in Aerospace & Defense and Medical, suggesting that diversified end-market exposure should buffer volatility and support mid-single-digit revenue growth. The majority view further expects operational discipline to partly offset margin headwinds, keeping adjusted EPS tracking in line with USD 0.64 even if EBIT underperforms. Overall, the prevailing institutional stance is cautiously constructive on Benchmark Electronics’ near-term earnings trajectory given the consensus revenue of USD 696.25 million and the diversified business base.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments