Filing Flows › Benchmark Electronics (BHE) › Q1 2026
Benchmark Electronics (BHE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Benchmark Electronics (BHE) reported revenue of $677M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -4% from the quarter before. Operating margin was 3.2%, net earnings $13.0M (1.9% of revenue).
Benchmark Electronics, Q1 2026: revenue $677M (+7% year over year), operating margin 3.2%, net earnings $13.0M, operating cash flow $47.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $677M | -4% | +7% |
| Gross profit | $69.2M | -7% | +10% |
| Operating profit | $21.9M | +9% | +86% |
| Net earnings | $13.0M | +118% | +257% |
| Operating cash flow | $47.0M | -20% | +49% |
| Free cash flow | $28.8M | — | +5% |
What changed
Revenue was $677.3M in Q1 2026, up 7% year over year and down 4% from the previous quarter.
Gross margin was 10.2%, up 0.2 points from Q1 2025. Operating profit was $21.9M, a 3.2% margin (up 1.4 points year over year). Of the extra revenue versus Q1 2025, 22% reached operating profit, above the 2% margin then. Operating expenses fell 8% while revenue rose 7%. Net earnings were $13.0M, up 257% year over year. The effective tax rate was 29.3%.
Operating cash flow was $47.0M (up 49% year over year), 361% of net earnings. Non-cash charges added back $11.9M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items added $16.7M. After itions to property, plant and equipment and software ($18.3M), free cash flow as the company reports it was $28.8M.
Questions
What was Benchmark Electronics' revenue in the first quarter 2026?
Benchmark Electronics (BHE) reported revenue of $677M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -4% from the quarter before.
Was Benchmark Electronics profitable in the first quarter 2026?
Operating profit was $21.9M (3.2% of revenue) and net earnings $13.0M.