Benchmark Electronics (BHE) Releases Q4 2025 Earnings: Revenue Beat but EPS Miss, Operating Profit Plunges

Benchmark Electronics Inc. (BHE) reported fourth-quarter 2025 revenue of $704.3 million, up 7.2% year‑over‑year and slightly above the consensus revenue estimate of $703.2 million.

Key income statement highlights:

Revenue: $704.3 million (+7.2% YoY)

Gross profit: $74.2 million (+9.2% YoY)

Operating profit: $20.1 million (-29.4% YoY)

Net income attributable to common shareholders: $6.0 million (-67.6% YoY)

Diluted earnings per share: $0.17 (down 61.4% YoY)

Cash flow and balance sheet:

Cash from operating activities: $58.7 million (+27.8% YoY)

Purchases of property, plant and equipment: $10.8 million (capex up 23.3% YoY)

Cash and cash equivalents: $322.1 million (+2.2% YoY)

Cost of sales: $630.2 million (+7.0% YoY)

Total liabilities: $971.9 million (down 5.3% YoY)

Context and takeaways:

The company posted a modest revenue beat while gross profit grew faster than revenue, suggesting some improvement in product mix or pricing.

Profitability weakened materially: operating profit and net income declined sharply, and diluted EPS missed the estimate of $0.65.

Operating cash flow strengthened significantly, helping support higher capital spending during the quarter.

Balance sheet liquidity remained solid with over $322.1 million in cash and a reduction in total liabilities year‑over‑year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Benchmark Electronics Inc. Insider Trading Activity

Benchmark Electronics Inc. insiders have traded $BHE stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $BHE stock by insiders over the last 6 months:

JEFF BENCK (CEO) has made 0 purchases and 3 sales selling 25,000 shares for an estimated $1,229,076.
RHONDA R TURNER (SVP, Chief HR Officer) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $947,300.
JAN M JANICK (SVP, Chief Technology Officer) has made 0 purchases and 2 sales selling 18,971 shares for an estimated $787,694.
STEPHEN J BEAVER (SVP, General Counsel and CLO) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $470,550.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Benchmark Electronics Inc. Hedge Fund Activity

We have seen 113 institutional investors add shares of Benchmark Electronics Inc. stock to their portfolio, and 105 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TRIBUTARY CAPITAL MANAGEMENT, LLC removed 470,147 shares (-53.5%) from their portfolio in Q4 2025, for an estimated $20,103,485
BLACKROCK, INC. removed 442,320 shares (-7.4%) from their portfolio in Q3 2025, for an estimated $17,051,436
FIRST TRUST ADVISORS LP removed 380,330 shares (-21.2%) from their portfolio in Q3 2025, for an estimated $14,661,721
WASATCH ADVISORS LP removed 348,217 shares (-28.3%) from their portfolio in Q3 2025, for an estimated $13,423,765
FRANKLIN RESOURCES INC added 338,081 shares (+14.4%) to their portfolio in Q3 2025, for an estimated $13,033,022
KENNEDY CAPITAL MANAGEMENT LLC added 213,276 shares (+141.8%) to their portfolio in Q3 2025, for an estimated $8,221,789
PACER ADVISORS, INC. removed 209,936 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $8,093,032

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Benchmark Electronics Inc. Government Contracts

We have seen $1,016,886 of award payments to $BHE over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

FUNDING: $955,957
FIRST ARTICLE TEST UNITS (WITH NRE) - PEP: $60,929

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.