BHE · Benchmark Electronics, Inc. Q2 FY2026 earnings call record财报电话会记录

“Revenue of $756 million was up 18% compared to last year, while EPS of $0.75 grew at more than twice that rate.”

“At the same time, our focus on execution allowed us to deliver operating income and EPS growth of 30% and 36%, respectively, well within our objective to grow both at 1.5x to 2x the pace of revenue throughout 2026.”

“Combined, this gives us the confidence to increase our 2026 revenue outlook to $3 billion, representing approximately 13% growth and achieving a historical high for the company.”

“For the second quarter, non-GAAP gross margin was 10.5%, improving 30 basis points year-over-year and 20 basis points sequentially, primarily due to volume.”

“Non-GAAP operating margin of 5.2% was up 50 basis points year-over-year and 40 basis points sequentially.”

“This momentum is expected to continue throughout the balance of 2026, positioning us to drive operating income and earnings growth at 1.5x to 2x the pace of revenue growth.”

“In line with our balanced capital allocation strategy, we also returned $6 million to shareholders through dividends during the quarter.”

“We expect construction to be completed in Q4 2027 to support the growth we're seeing in the region.”

“In summary, turning to slide 13, our performance in Q2 continues to validate our strategy, maintaining relentless focus on customer success while driving operational excellence across the enterprise.”

“What are your customers saying about what order trends should look like going into the back half of the year and into 2027?”

“There is a lot of bookings that we were very successful with in 2023, 2024, 2025, and we're now seeing the fruits of that labor, if you will.”

“We believe for the full year and going forward to leverage that OpEx, and that's why we talked about the 1.5x to 2x EPS growth compared to the top line.”