Slide 1: Second Quarter Fiscal Year 2026 Results
Benchmark Electronics Second Quarter Fiscal Year 2026 Results July 29, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified as any statement that does not
Slide 3: Today's Speakers
Today’s Speakers Bryan Schumaker EVP and Chief Financial Officer David Moezidis President & Chief Executive Officer
Slide 4: Second Quarter Summary
Second Quarter Summary GAAP AND NON-GAAP REVENUE $756M NON-GAAP OPERATING INCOME GROWTH 30% NON-GAAP EPS $0.75 NON-GAAP EPS GROWTH 36% Revenue and EPS exceeded high end of the prior guidance range Top line growth of 18% year-over-year led by double-digit performance in four of five sectors Achieved
Slide 5: Business Highlights
Business Highlights Well-Positioned Portfolio Top line performance driven by double-digit growth in 4 of 5 sectors Each of our sectors are benefitting from multi-year demand drivers Growing product complexity has expanded our customer partnerships Customer Focus Driving Results Continued bookings mo
Slide 6: Financial Results (Non-GAAP)
Financial Results (Non-GAAP) THREE MONTHS ENDED June 30 2025 THREE MONTHS ENDED March 31 2026 THREE MONTHS ENDED June 30 2026 (in millions, except per share) Revenue $642 $677 $756 Gross Margin 10.2% 10.3% 10.5% Operating Margin 4.7% 4.8% 5.2% Effective Tax Rate 24.3% 27.4% 26.6% EPS $0.55 $0.58 $0.
Slide 7: Second Quarter 2026 Sector Performance
Second Quarter 2026 Sector Performance 18% 29% 15% 17% 21% $756 MILLION Sales ($M) YoY Sector Mix Semi-Cap $223 17% Industrial 13% $161 Aerospace & Defense $111 (12%) Medical $134 22% AC&C $127 71%
Slide 8: Trended Non-GAAP Results
Trended Non-GAAP Results Revenue $756M +18% YoY Q2-25 Q3-25 Q4-25 Q1-26 $756 Q2-26 Operating Income $39M +30% YoY Q2-25 Q3-25 Q4-25 Q1-26 $39 Q2-26 Operating Margin 5.2% +50 bps YoY Q2-25 Q3-25 Q4-25 Q1-26 5.2% Q2-26 Diluted EPS $0.75 +36% YoY Q2-25 Q3-25 Q4-25 Q1-26 $0.75 Q2-26 $0.58 $0.71 $0. 62 $
Slide 9: Balance Sheet and Cash Flow Update
Balance Sheet and Cash Flow Update (in millions) Debt Structure Q2-26 Senior Secured Term Loan, net of $2 Debt Costs $144 Revolving Credit Facility Drawn Amount $37 Borrowing Capacity Available under Revolver $509 (1) Free Cash Flow (FCF), a non-GAAP measure, is defined as net cash provided by (used
Slide 10: Working Capital Trends
Working Capital Trends Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Accounts Receivable Days 52 50 50 50 54 Contract Asset Days 25 26 23 25 23 Inventory Days 83 75 69 75 72 Accounts Payable Days (55) (56) (58) (67) (73) Customer Advance Payment Days (20) (18) (17) (16) (17) Cash Conversion Cycle Days 85 77 67 67 5
Slide 11: Q3 2026 Guidance
Q3 2026 Guidance Q3-26E Net Sales $755M to $795M Gross Margin – non-GAAP 10.5% to 10.7% Operating Margin – non-GAAP 5.3% to 5.5% Interest and Other Expenses ~$3.0M Non-operating Expenses $3.5M to $4.0M Stock-Based Compensation ~$8.4M Effective Tax Rate 26% to 27% Diluted EPS – GAAP $0.51 to $0.57 Di
Slide 12: Sector Outlook
Sector Outlook Semi-Cap Expecting sequential and year-over-year acceleration in 2H 2026 Penang PT 4 ramping operations to support growth Share of wallet gains combined with strong underlying demand Industrial Excluding one-time benefit, performing in-line with expectations Continuing to win new prog
Slide 13: Summary
Summary 1. Growth Expectations Continue to Improve Increasing 2026 outlook to 13% growth, which would position the Company to achieve a record $3 billion in revenue Four of five sectors are growing double-digits, with Semi-Cap and AC&C leading the upside Record bookings reflect continued success acr
Slide 14: Appendix
Appendix LT > Benchmark | 14 Copyright © 2026 by original author Benchmark Electronics, Inc. Not to be reproduced, distributed, or used in any means without written permission by Benchmark.
Slide 15: Reconciliation of GAAP to Non-GAAP
APPENDIX 1 – Reconciliation of GAAP to Non-GAAP (in thousands, except per share data – unaudited)