Benchmark Electronics beats Wall Street revenue predictions
Benchmark Electronics reported an increase in year-over-year revenue during the fourth quarter as the Tempe-based advanced electronics manufacturer saw an uptick in customer bookings.
After the markets closed on Feb. 3, Benchmark Electronics (NYSE: BHE) reported $704 million during the fourth quarter, up 7.1% from $657 million in the prior year quarter, according to a regulatory filing.
Benchmark’s Q4 revenue beat Wall Street expectations as analysts projected $696.7 million in revenue.
“We had a strong year of bookings, which was well balanced across the entire portfolio, and we are particularly encouraged by our growing opportunities in space, medtech and — while still a little early — AI related wins,” David Moezidis, Benchmark’s president and incoming CEO, said during the company’s earnings call Tuesday. “At the same time, end markets in medical and semicap are improving, while industrial still has some work to do. We think we’re positioned for growth later in 2026.”
Benchmark saw a decline in Q4 revenue for its semiconductor capital equipment sector, which generated $171 million, down from $198 million in 2024. The company reported year-over-year increases in its industrial, aerospace and defense and medical segments, which generated $144 million, $137 million and $144 million, respectively.
“Industrial is among the most macro sensitive sectors we sell into. While at the same time, it represents one of the greatest opportunities for future upside for the company in terms of addressable market,” Moezidis said. “It may take a little more time to fully ramp our efforts here, but with the wins we have already secured, coupled with a steady macro backdrop, we expect gradually improving performance as we progress through the year.”
Benchmark generated $2.6 billion in revenue for the full year in 2025, mostly flat compared to 2024. The company is projecting revenue between $655 million and $695 million in the first quarter.
The company’s shares hit a new 52-week high of $56.25 on Tuesday, before closing at $56.02 on Tuesday, up 3.9%, prior to the release of Benchmark’s Q4 results.