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Benchmark Electronics (BHE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Benchmark Electronics (BHE) Q3 2026 earnings results →
Q3 2026 Revenue up 19% year over year to $811M · 2¢ of every $1 of revenue kept as net profit · operating margin 3.8%
Benchmark Electronics made $811M in Q3 2026 (+19% Y/Y). Operating margin 3.8%, net earnings $17.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $810.9M in Q3 2026, up 19% year over year and up 7% from the previous quarter.
Gross margin was 10.4%, up 0.4 points from Q3 2025. Operating profit was $30.7M, a 3.8% margin (up 0.3 points year over year). Of the extra revenue versus Q3 2025, 5% reached operating profit, above the 3% margin then. Operating expenses grew 21% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $17.1M, up 20% year over year. The effective tax rate was 36.1%.
Operating cash flow was $29.9M (down 18% year over year), 174% of net earnings. Non-cash charges added back $12.2M of depreciation and amortization and $9.5M of share-based compensation. Working capital and other items used $8.9M. After itions to property, plant and equipment and software ($15.5M), free cash flow as the company reports it was $14.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $811M | +19% | 3.8% | $17.1M | $29.9M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $756M | +18% | 4.0% | $19.9M | $34.7M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $677M | +7% | 3.2% | $13.0M | $47.0M |
| Q4 2025 | 10-K | Feb 24, 2026 | $704M | +7% | 2.9% | $6.0M | $58.7M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $681M | +4% | 3.5% | $14.3M | $36.6M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $642M | -4% | 3.2% | $972K | −$2.8M |
| Q1 2025 | 10-Q | May 1, 2025 | $632M | -6% | 1.9% | $3.6M | $31.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- AMAT — 12% of its revenue · Stated in 10-K (sentence) · source
- OWLT · Stated in 10-K (named, share not stated) · source
- HYPR · Stated in 10-K (named, share not stated) · source
About Benchmark Electronics
This Annual Report on Form 10-K (Report) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as “anticipate,” “believe,” “intend,” “plan,” “project,” “forecast,” “strategy,” “position,” “continue,” “estimate,” “expect,” “may,” “will,” “could,” “predict,” and similar expressions of the negative or other variations thereof. In particular, statements, expressed or implied, concerning the outlook and guidance of Benchmark Electronics, Inc.
In its own words, from its 10-K, filed Feb 24, 2026.
Benchmark Electronics against its Printed Circuit Boards peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +29%. Operating margin: 3.8% against the peers' median 6.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BHE Benchmark Electronics | Q3 2026 | $811M | +19% | 3.8% |
| JBL Jabil | Q4 FY26 | $10.6B | +29% | 5.7% |
| FLEX Flex | Q2 FY27 | $8.5B | +25% | 4.9% |
| CLS Celestica | Q3 2026 | $5.8B | +82% | 7.9% |
| SANM Sanmina | Q3 FY26 | $3.5B | +70% | 6.4% |
| PLXS Plexus | Q4 FY26 | $1.4B | +35% | 6.0% |
| TTMI TTM Technologies | Q3 2026 | $1.2B | +60% | 13.5% |
| KE Kimball Electronics | Q1 FY27 | $391M | +7% | 3.2% |
| CTS CTS | Q3 2026 | $150M | +5% | 17.1% |
Source: Benchmark Electronics 10-Q on SEC EDGAR · CIK 863436 · Printed Circuit Boards
Guidance and outlook
13F: who owns BHE and who is buying
More on BHE
- How Benchmark Electronics makes money: revenue by segment
- Benchmark Electronics next earnings date and what analysts expect
- Benchmark Electronics stock forecast, price target and fair value
- Who owns Benchmark Electronics stock: holders, funds and Congress trades
- Benchmark Electronics guidance and outlook
- Is Benchmark Electronics a takeover target? LBO and rumors
- Benchmark Electronics recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results