- Benchmark Electronics, Inc. (BHE, Financial) posted Q1 2025 revenue of $632 million.
- GAAP operating income for the quarter stood at $12 million, with non-GAAP operating income reaching $29 million.
- The company projects Q2 2025 revenue between $615 million and $665 million.
Benchmark Electronics, Inc. (BHE) announced its financial results for the first quarter ending March 31, 2025. The company's revenue totaled $632 million, a slight sequential decline from the previous quarter. Despite the revenue dip, Benchmark maintained a non-GAAP gross margin of over 10% for the sixth consecutive quarter, showcasing its strong operational capability in a fluctuating market.
The company's GAAP operating income was reported at $12 million, while non-GAAP operating income reached $29 million, reflecting the effectiveness of cost management strategies. GAAP earnings per share (EPS) were noted at $0.10, with non-GAAP EPS at $0.52.
Looking ahead, Benchmark's President and CEO, Jeff Benck, expressed confidence in navigating tariff uncertainties, supported by the firm's extensive manufacturing facilities in the United States and around the globe. The company anticipates second-quarter revenue to fall between $615 million and $665 million. GAAP EPS is expected to range from $0.31 to $0.37, with non-GAAP EPS projected between $0.52 and $0.58.
For a detailed discussion on the financial outcomes, Benchmark will host a conference call on April 29, 2025, at 5:00 p.m. Eastern Time, which will be accessible via the company’s website.
