Benchmark reported second-quarter fiscal 2026 revenue of $756.0 million, an 18% year-over-year increase, with diluted GAAP EPS of $0.55 and diluted non-GAAP EPS of $0.75. The company generated operating cash flow of $35 million and free cash flow of $22 million for the quarter. Benchmark raised its full-year 2026 revenue outlook to a record $3 billion and issued third-quarter guidance for revenue between $755 million and $795 million.
Financial Highlights
- Revenue: $756.0 million for the three months ended June 30, 2026 (up 18% year-over-year).
- Gross profit: $78.4 million for the quarter; GAAP gross margin 10.4% (non-GAAP gross margin 10.5%).
- Income from operations (GAAP): $30.253 million; GAAP operating margin 4.0% (non-GAAP operating margin 5.2%).
- Net income (GAAP): $19.882 million for the quarter; diluted GAAP EPS $0.55; diluted non-GAAP EPS $0.75 (up 36% year-over-year).
- Cash generation: operating cash flow $35 million and free cash flow $22 million for the quarter.
Business Highlights
- Raised full-year fiscal 2026 revenue guidance to a record $3 billion, reflecting strengthening demand across end markets.
- Bookings reached another record quarter, supporting management’s raised outlook and broad-based portfolio improvement.
- Revenue by sector showed gains in semiconductor capital equipment (Semi‑Cap) to $223 million (29% of revenue) and continued contributions from medical and advanced computing & communications segments.
- Improved working capital dynamics: cash conversion cycle declined to 59 days driven by lower days in inventory and extended accounts payable and advance customer payments.
- Third-quarter 2026 guidance provided: revenue $755–$795 million; diluted GAAP EPS $0.51–$0.57; diluted non-GAAP EPS $0.76–$0.82 (excludes specified non-GAAP adjustments).
Original SEC Filing:
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