Benchmark Electronics, Inc. (BHE) AI Stock Analysis

Benchmark Electronics, Inc. specializes in product design, engineering services, technology solutions, and manufacturing services across the Americas, Asia, and Europe. Its capabilities include new product design, prototyping, testing, custom technology solutions, and automation equipment design and build. The company offers electronics manufacturing and testing services, such as printed circuit board assembly, subsystem assembly, environmental and stress testing, and failure analysis. In addition, it provides precision machining, electromechanical assembly, and system integration tailored for aerospace and defense, medical technologies, complex industrials, semiconductor capital equipment, telecommunications, and advanced computing markets.

Revenue increased from $2.26B in FY2021 to $2.89B in FY2022, before declining 1.6% to $2.84B in FY2023 and falling 6.4% to $2.66B in FY2024. FY2025 revenue stood at $2.66B, reflecting growth of 0.1%, while net income reached $24.9M and EPS was $2.40. Gross margin stood at 10.0% in FY2025 compared to 9.1% in FY2021, and operating margin was 4.0%. Over the 5 years from FY2020 to FY2025, revenue posted a CAGR of 5.3%. For the latest quarter ended June 30, 2026, quarterly revenue grew 17.7% year-over-year, and quarterly earnings grew 1936.6%. TTM revenue was $2.82B with a profit margin of 1.9%.

As of June 30, 2026, Benchmark Electronics held $314.8M in cash and short-term investments against total debt of $277.3M, resulting in net cash of $37.5M. The current ratio was 1.99, and the debt-to-equity ratio stood at 0.25 on shareholders' equity of $1.12B. Free cash flow reached $85.4M in FY2025 on operating cash flow of $124.0M. During FY2025, capital expenditures were $38.5M, while cash returned to shareholders included $26.8M in share buybacks and $24.4M in dividends paid.

Benchmark Electronics trades at a trailing P/E of 48.4x, higher than the 28.1x median of its US-listed Technology peers. However, its forward P/E of 14.1x sits below the peer median of 18.8x, and its price-to-sales of 0.9x is lower than the peer median of 2.8x. Enterprise value stands at $2.95B, with an EV to EBITDA multiple of 20.0x compared to 16.6x for peers. Over the past year, BHE shares gained 72.7%, outperforming the S&P 500 (SPY) return of 16.8%, while its 5-year return of 199.9% also exceeded the index return of 83.0%.

Benchmark Electronics offers a forward annual dividend of $0.68, representing a dividend yield of 0.96% with a payout ratio of 27.1%. The dividend is distributed on a quarterly frequency and has been paid for 9 consecutive years. Over the past 5 years, the dividend grew at an annualized rate of 1.2%, with the most recent ex-dividend date on September 30, 2026.

Wall Street analysts track Benchmark Electronics with 1 Strong Buy and 1 Buy rating. The mean price target is $86.00, representing an upside of 21.8% from the last close of $70.62. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $2.94 on revenue of $3.00B. Benchmark Electronics beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is October 28, 2026.

This page is an AI-written research summary of Benchmark Electronics, Inc. (BHE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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