Pulling SEC filings + quote and writing the call…

BENCHMARK ELECTRONICS INC
Next earnings Jul 28, 2026 · consensus $0.69 EPS, $727M rev
Last earnings +5.2% on 2026-04-29
Low-margin EMS shop trading at 135x earnings while net income just collapsed 59% — price has lapped fundamentals.
Sources: SEC EDGAR (CIK 0000863436, latest 10-Q filed 2026-04-30) · EODHD · analysis by claude-code · as of 6/25/2026, 1:40:05 PM.
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Weak on both the fundamentals and the price — little to like at the current level.
Benchmark is a contract manufacturer (EMS + precision machining) whose 2025 results disqualify the current $91.88 quote. Revenue was flat at $2.75B, but operating income fell 30.5% to $76M and net income collapsed 59.3% to $24.9M, dragging net margin to 0.9% from 2.4% and ROE to 2.3%. The MD&A pinpoints why: restructuring charges and other costs jumped from 0.3% to 1.1% of sales, SG&A crept from 5.6% to 6.0%, and the income-tax line nearly doubled to 1.4% of sales. Gross margin sat at 10.2% — this is a thin-margin business by design, with no real operating leverage to lean on when mix turns.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.34B | $3.01B | $2.97B | $2.76B | $2.75B |
| Gross profit | $206M | $255M | $271M | $270M | $270M |
| Operating income | $53.1M | $90.1M | $110M | $109M | $76.0M |
| Net income | $35.8M | $68.2M | $68.9M | $61.1M | $24.9M |
| Diluted EPS | $0.99 | $1.91 | $1.92 | $1.66 | $0.68 |
| Net margin | 1.5% | 2.3% | 2.3% | 2.2% | 0.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Other event disclosure with exhibits; routine non-financial update for shareholders.
Annual meeting vote results filed; routine governance disclosure, no business impact.
Q1 2026 results filed; ongoing soft demand and weak operating leverage from FY25 trends.
Q1 2026 earnings release; results disclosed amid pressured margins post FY25 EPS -59%.
Proxy filed for 2026 annual meeting; routine governance, no financial change.
Other event with exhibits; ad-hoc disclosure, limited shareholder impact.
FY25: rev flat $2.75B, net income -59% to $24.9M; AC&C -27%, restructuring costs up.
FY25: rev flat $2.75B, net income -59% to $24.9M; AC&C -27%, restructuring costs up.
Q4/FY25 earnings released: revenue ~flat, net income -59%, margin compression.
1049 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Last 90 days: 0 open-market buys · 1 sale
| 2026-06-11 | Beaver Stephen J SVP, General Counsel and CLO | Sell | 20.0K @ $86.25 | $1.73M |
| 2026-05-27 | Wentworth Lynn A Director | Award | 2.09K | |
| 2026-05-27 | SWOBODA CHARLES M Director | Award | 2.09K | |
| 2026-05-27 | SLESSOR MIKE Director | Award | 2.09K | |
| 2026-05-27 | LAMNECK KENNETH T Director | Award | 2.09K | |
| 2026-05-27 | De Greef-Safft Anne Director | Award | 2.09K | |
| 2026-05-27 | BRYAN GLYNIS Director | Award | 2.09K | |
| 2026-05-27 | Britt Douglas Director | Award | 2.09K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.