Filing Flows › Benchmark Electronics (BHE) › Q2 2026
Benchmark Electronics (BHE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Benchmark Electronics (BHE) reported revenue of $756M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +12% from the quarter before. Operating margin was 4.0%, net earnings $19.9M (2.6% of revenue).
Benchmark Electronics, Q2 2026: revenue $756M (+18% year over year), operating margin 4.0%, net earnings $19.9M, operating cash flow $34.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $756M | +12% | +18% |
| Gross profit | $78.4M | +13% | +21% |
| Operating profit | $30.3M | +38% | +48% |
| Net earnings | $19.9M | +53% | 20× |
| Operating cash flow | $34.7M | -26% | — |
| Free cash flow | $21.8M | -24% | — |
What changed
Revenue was $756.0M in Q2 2026, up 18% year over year and up 12% from the previous quarter.
Gross margin was 10.4%, up 0.3 points from Q2 2025. Operating profit was $30.3M, a 4.0% margin (up 0.8 points year over year). Of the extra revenue versus Q2 2025, 9% reached operating profit, above the 3% margin then. Operating expenses grew 9% against revenue growth of 18%. The fastest-growing cost line was SG&A (+14%). Net earnings were $19.9M, up 1945% year over year. The effective tax rate was 30.8%.
Operating cash flow was $34.7M, 174% of net earnings. Non-cash charges added back $12.0M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $12.9M left free cash flow of $21.8M.
Questions
What was Benchmark Electronics' revenue in the second quarter 2026?
Benchmark Electronics (BHE) reported revenue of $756M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +12% from the quarter before.
Was Benchmark Electronics profitable in the second quarter 2026?
Operating profit was $30.3M (4.0% of revenue) and net earnings $19.9M.