Benchmark Electronics, Inc. · NYSE:BHE

Benchmark Electronics — Q3 2026 Earnings Presentation

15 slides from Benchmark Electronics's earnings presentation, Oct 28, 2026

  1. Slide 1: Third Quarter Fiscal Year 2026 Results

    Benchmark Electronics Third Quarter Fiscal Year 2026 Results October 28, 2026

  2. Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures

    Forward-Looking Statements Non-GAAP Financial Measures This document contains forward-looking statements within the meaning of Section 27A of the Management discloses certain measures that are not defined by generally accepted accounting Securities Act of 1933, as amended, and Section 21E of the Sec

  3. Slide 3: Today's Speakers

    Today’s Speakers David Moezidis Bryan Schumaker President & Chief EVP and Executive Officer Chief Financial Officer

  4. Slide 4: Third Quarter Summary

    Third Quarter Summary $811M $0.84 5.5% 54 REVENUE EPS * OPERATING MARGIN * CASH CYCLE DAYS 19% GROWTH 35% GROWTH 70 bp IMPROVED 23 DAYS IMPROVED • Revenue and EPS exceeded high end of the prior guidance range • Top line growth was driven by strength in four of five sectors • Operating leverage resul

  5. Slide 5: Business Highlights

    Business Highlights Demand is Broadening Commitment to Financial Discipline • Semi-Cap, AC&C and Medical • On track to deliver EPS growth at remain strong 1.5-2.0x revenue growth in 2026 • Industrial has turned the corner • Generating Free Cash Flow while investing for growth • A&D well positioned f

  6. Slide 6: Financial Results (non-GAAP)

    Financial Results (non-GAAP) THREE MONTHS THREE MONTHS THREE MONTHS ENDED ENDED ENDED September 30 June 30 September 30 2025 2026 2026 (in millions, except per share) Revenue $681 $756 $811 Gross Margin 10.1% 10.5% 10.5% Operating Margin 4.8% 5.2% 5.5% Effective Tax Rate 24.5% 26.6% 24.9% EPS $0.62

  7. Slide 7: Third Quarter 2026 Sector Performance

    Third Quarter 2026 Sector Performance Sector Mix Sales ($M) YoY 16% Semi-Cap $241 30% 30% Industrial $172 13% $811 16% Medical $138 9% MILLION AC&C $132 50% 17% 21% Aerospace & Defense $128 (1%) | 7

  8. Slide 8: Trended non-GAAP Results

    Trended non-GAAP Results Revenue Gross Margin * $811 10.6% 10.3% 10.5% 10.5% $811M 10.5% $756 10.1% $681 $704 $677 +19% YoY +40 bps YoY Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Operating Margin * Diluted EPS * 5.5% $0.84 5.5% 5.5% $0.84 5.2% 4.8% 4.8% $0.75 $0.71 $0.62 $0.58 +70 b

  9. Slide 9: Balance Sheet and Cash Flow Update

    Balance Sheet and Cash Flow Update (in millions) Q3-25 Q2-26 Q3-26 • Generated $14 million in Free Cash Flow $37 $35 $30 while supporting investment in growth Cash Flows from Operations $25 $22 $14 • Balance sheet remains strong, with net Free Cash Flow (1) cash at $133 million and over $575 million

  10. Slide 10: Cash Conversion Cycle

    Cash Conversion Cycle Q3-25 Q2-26 Q3-26 Accounts Receivable Days 50 54 48 Contract Asset Days 26 23 25 Inventory Days 75 72 78 Accounts Payable Days (56) (73) (82) Customer Advance Payment Days (18) (17) (15) Cash Conversion Cycle Days 77 59 54 | 10

  11. Slide 11: Q4 2026 Guidance

    Q4 2026 Guidance Q4-26E Net Sales $815M to $855M Gross Margin – non-GAAP 10.5% to 10.7% Operating Margin – non-GAAP 5.5% to 5.7% Interest and Other Expenses ~$3.8M Non-operating Expenses $2.7M to $3.2M Stock-Based Compensation ~$7.8M Effective Tax Rate 25% to 26% Diluted EPS – GAAP $0.58 to $0.64 Di

  12. Slide 12: Sector Outlook

    Sector Outlook Semi-Cap Industrial Aerospace & Defense • Expecting continued year-over-year • Exceeding growth expectations for the year • New program ramps position A&D to return acceleration in Q4 • Benefitting from improved market demand to growth in 2027 • Customer discussions suggest demand and

  13. Slide 13: Summary

    Summary 1. Growth Momentum Continues to Build • Raised guidance to more than $3 billion in revenue • Demand strengthening across a broader portion of the portfolio • Healthy bookings momentum across the portfolio • Positioned for continued growth in 2027 2. Execution Driving Operating Leverage • On

  14. Slide 14: Appendix

    > Benchmark 14 Appendix Copyright © 2026 by original author Benchmark Electronics, Inc. Not to be reproduced, distributed, or used in any means thout written permission by Benchmark

  15. Slide 15: APPENDIX 1 – Reconciliation of GAAP to non-GAAP

    APPENDIX 1 – Reconciliation of GAAP to non-GAAP (in thousands, except per share data – unaudited) Sep 30 Dec 31 Mar 31 Jun 30 Sep 30 Sep 30 Dec 31 Mar 31 Jun 30 Sep 30 Three months ended Three months ended 2025 2025 2026 2026 2026 2025 2025 2026 2026 2026 Income from operations (GAAP) 23,661 20,143

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