Needham maintains Buy rating on Benchmark Electronics, $85 price target

Benchmark Electronics (BHE) reported Q3 revenue of $810.9M, beating estimates by 4.6%, with adjusted EPS of $0.84, a 6.8% beat. Q4 2026 guidance was raised above estimates. Key growth areas were Semi-Cap and AC&C, with Medical and Industrial segments also showing improvement. The company is expanding capacity and managing costs to support future growth.

Benchmark Electronics (BHE) reported Q3 growth in four of five end markets, with Semi-Cap revenue up 30% YoY. The company expects continued growth in 2027. It raised its Q4 and full-year outlook, forecasting 19% YoY revenue growth at the midpoint. BHE is investing in capacity and managing supply-chain constraints.

Benchmark Electronics (BHE) reported Q3 2026 revenue of $811M, up 19% YoY, with non-GAAP EPS of $0.84, up 35% YoY. The company raised its full-year revenue outlook to over $3B. Semi-Cap and AC&C sectors drove growth, while Medical and Industrial also showed improvement. BHE expects Q4 revenue between $815M and $855M, with non-GAAP EPS between $0.85 and $0.91.

Benchmark Electronics (BHE) reported Q3 2026 earnings with record revenue and raised guidance. Aerospace & Defense revenue declined 1% YoY, and supply chain challenges persist. Inventory rose 16% sequentially. CEO David Moezidis cited customer forecasts and program ramps for growth confidence. The company expects capacity to support growth through 2027 and targets earnings growth at 1.5-2x revenue growth. Medical sector remains strong, with growth extending into 2028.

Benchmark Electronics (BHE) raised its Q4 EPS outlook to $0.85-$0.91 and expects 2026 revenue to exceed $3b, according to the company. The updates reflect revised financial projections.

Benchmark Electronics (NYSE:BHE) reported Q3 2026 revenue of $811M, up 19% YoY, with EPS at $0.84, up 35%. Operating margin improved to 5.5%. The company raised full-year guidance to exceed $3B in revenue. Shares closed at $73.36, up 3.76%.