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Benchmark Electronics, Inc. announced financial results for the fourth quarter and year ended December 31, 2025.
Fourth quarter 2025 results:
- Revenue of $704 million
- Diluted GAAP earnings per share of $0.17
- Diluted non-GAAP earnings per share of $0.71
- Operating cash flow of $59 million with free cash flow of $48 million
Full year 2025 results:
- Revenue of $2,659 million
- Diluted GAAP earnings per share of $0.68
- Diluted non-GAAP earnings per share of $2.40
- Operating cash flow of $124 million with free cash flow of $85 million
“I am proud of our team’s performance in 2025, culminating in the fourth quarter’s high single-digit revenue growth and EPS growth at more than double that rate,” said Jeff Benck, Benchmark’s CEO.
Benck continued, “As I transition out of the CEO role at the end of the quarter, I have complete confidence in David and the leadership team. Benchmark is in excellent hands and well-positioned for continued success.”
David Moezidis, Benchmark’s President, continued, “I want to thank Jeff for his leadership and for the strong foundation he has built for Benchmark’s next chapter. I’m confident in the opportunities ahead of us and look forward to continuing our momentum as we execute on our growth strategy and create value for all our stakeholders.”
First Quarter 2026 Guidance
- Revenue between $655 million and $695 million
- Diluted GAAP earnings per share between $0.31 and $0.37
- Diluted non-GAAP earnings per share between $0.53 and $0.59
- Non-GAAP earnings per share guidance excludes stock-based compensation expense of approximately $5.4 million and other non-operating expenses of $5.1 million to $5.5 million, which includes restructuring, amortization of intangibles and other expenses.
