Benchmark Electronics (BMU) AI Stock Analysis

Company Guidance

For the fourth quarter of 2026, Benchmark is guiding revenue to a range of $815 million to $855 million, representing 19% year-over-year growth at the midpoint, non-GAAP diluted earnings per share in the range of $0.85 to $0.91, non-GAAP gross margin of 10.5% to 10.7%, non-GAAP operating margin of 5.5% to 5.7%, approximately $7.8 million of stock-based compensation, $2.7 million to $3.2 million of nonoperating expenses, interest and other expenses of approximately $3.8 million, an effective tax rate in the range of 25% to 26%, and weighted average diluted shares outstanding of approximately 36.4 million; for the full year, it expects 16% annual growth, now exceeding $3 billion, and capital spending in the range of 2% to 2.5% of revenue. Semi-Cap revenue is expected to accelerate further year-over-year in the fourth quarter, followed by continued growth in 2027; Industrial is expected to deliver mid- to high single-digit growth for the full year; A&D is expected to return to growth in 2027; Medical remains on pace to deliver double-digit growth for the year; AC&C is expected to see a material sequential increase in the current quarter; and the current outlook assumes no contribution from next-generation HPC opportunities, which today appear more likely to begin contributing mid- to late 2027.