Benchmark Electronics Inc (BHE)

Ouster and Benchmark Expand Partnership to Scale Volume Production of New REV8 Digital Lidar SensorsJune 15, 2026 6:00 AM
Business Wire Ouster, Inc. (Nasdaq: OUST) (“Ouster” or the “Company”), a leader in sensing and perception for Physical AI, and Benchmark Electronics, Inc. (NYSE: BHE), a global provider of manufacturing, engineering, and technology services, announced today the expansion of their long-term manufacturing partnership to support the high-volume production of Ouster's new Rev8 OS sensor family for industrial, robotics, automotive, and smart infrastructure applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260615580849/en/Ouster and Benchmark expand partnership to scale volume production of new REV8 digital lidar. "Benchmark is proud of our long-standing partnership with Ouster and the role we have played in supporting Ouster’s many innovations. Rev8 is a prime example of their ability to push the boundaries of what's possible in sensing technology,” said David Moezidis, President and Chief Executive Officer at Benchmark. “Our team is uniquely equipped to scale the complex microelectronics and automated optical assembly required for this groundbreaking technology. We are proud to continue our journey with Ouster, providing a secure, reliable foundation for the next era of Physical AI." As Ouster's strategic manufacturing partner, Benchmark has played a central role in scaling Ouster’s products. This proven manufacturing framework is built on a highly automated production line designed to handle the advanced, ruggedized architecture of Rev8 while enabling a seamless ramp to commercial volume. By leveraging Benchmark’s deeply integrated microelectronics and precision optical manufacturing capabilities, Ouster ensures its Rev8 OS sensor family can deliver the industry-leading reliability required by rigorous automotive, cybersecurity, and functional safety standards. Built for Affordability and Scale Ouster’s Rev8 family is designed from the ground up for low-cost, high-volume production to support mass-market adoption across industrial, robotics, automotive, and smart infrastructure applications. High-Volume Production: Leveraging an established manufacturing capacity exceeding 100,000 units per year, Ouster offers OEMs a highly resilient, mature, and secure source of supply. Long-Term Program Stability: Backed by a planned 10-year production life, Rev8 sensors provide the structural longevity and scalability required for major global commercial rollouts. Global Flexibility: In addition to the advanced manufacturing site currently supporting Rev8, Benchmark’s broader manufacturing network includes 20 facilities across eight countries, including an extensive presence in the United States and Europe. This synchronized global network provides Ouster with standardized manufacturing processes and flexible, multi-site production capabilities to support future capacity expansion. "Benchmark has been a foundational partner in Ouster’s growth story and the natural fit to scale manufacturing for our breakthrough Rev8 sensors," said Darien Spencer, Chief Operating Officer at Ouster. "Through our well-honed supply chain ecosystem, our customers can be confident in our ability to reliably deliver the most advanced, cybersecure, and functionally safe native color lidar sensors at high volume to support their long-term programs." About Benchmark Electronics, Inc. Benchmark provides comprehensive solutions across the entire product lifecycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain, and delivering world-class manufacturing services in the following industries: advanced computing and communications (AC&C), aerospace and defense (A&D), industrial, medical, and semiconductor capital equipment (Semi-cap). Benchmark’s global operations include facilities in eight countries and its common shares trade on the New York Stock Exchange under the symbol BHE. For more information on Benchmark, visit www.bench.com. About Ouster Ouster (Nasdaq: OUST) is a leader in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure. With a unified platform of high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and AI models, Ouster delivers solutions that improve quality of life in the physical world. Headquartered in San Francisco, CA, Ouster has a global presence serving thousands of customers with offices in the Americas, Europe, and Asia-Pacific. For more information about our products, visit www.ouster.com, contact our sales team, or connect with us on X or LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current plans, estimates and expectations of management that are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Words such as “offer,” “expect,” “will”, “may,” “anticipate,” “intend,” “reflect,” “should,” “plan,” “can,” “could,” “estimate,” “possible,” “potential,” “pursue,” “demonstrate,” and the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. All statements, other than historical facts, including statements regarding the Company’s robust supply chain ecosystem, the Company’s current expectations and projections relating to its competitive position and future results of operations, plans and objectives; the anticipated performance of Ouster’s products and our expectations around customers’ adoption and application of our products constitute forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, but not limited to, the substantial research and development costs to develop and commercialize new products; the possibility of cancellation or postponement of contracts or unsuccessful implementations; product quality and liability risks; the Company’s dependence on key third party suppliers, including Benchmark Electronics, Inc.; its ability to manage growth; risks related to international operations; inaccurate forecasts of market growth and customer demand; Ouster’s ability to respond to evolving regulations and standards; and other important risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and as may be further updated from time to time in the Company’s Quarterly Reports on Form 10-Q and other filings with the SEC. Readers are urged to consider these factors carefully and in the totality of the circumstances when evaluating these forward-looking statements, and not to place undue reliance on any of them. Any such forward-looking statements represent management’s reasonable estimates and beliefs as of the date of this press release. While Ouster may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, other than as may be required by law, even if subsequent events cause its views to change. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615580849/en/ Ouster: For Investors
investors@ouster.io For Media
press@ouster.io Benchmark: For Investors
Investor.relations@bench.com For Media
Alec Robertson
Brodeur Partners on behalf of Benchmark
Email:

Benchmark Electronics Announces Quarterly Cash DividendJune 8, 2026 4:07 PM
Business Wire Second quarter 2026 cash dividend of $0.17 per share Benchmark Electronics, Inc. (NYSE: BHE) today announced that its Board of Directors declared a quarterly dividend of $0.17 per share, payable on July 10, 2026, to shareholders of record at the close of business on June 30, 2026. About Benchmark Electronics, Inc. Benchmark provides comprehensive solutions across the entire product lifecycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain, and delivering world-class manufacturing services in the following industries: advanced computing and communications, aerospace and defense, industrial, medical, and semiconductor capital equipment. Benchmark operates in eight countries and its common shares trade on the New York Stock Exchange under the symbol BHE. View source version on businesswire.com: https://www.businesswire.com/news/home/20260608510250/en/ For More Information, Please Contact: Paul Mansky
Sr. Director of Investor Relations and Corporate Development
Email:

Benchmark Reports First Quarter 2026 Results and Raises Full Year OutlookApril 29, 2026 4:07 PM
Business Wire
Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the first quarter ended March 31, 2026.


First quarter 2026 results and 2026 outlook:



Revenue of $677 million



Diluted GAAP earnings per share of $0.36



Diluted non-GAAP earnings per share of $0.58



Operating cash flow of $47 million with free cash flow of $29 million



Increasing full year revenue growth outlook to 9-10%



“Our first quarter results have increased our confidence in 2026 and are a clear sign of the benefits from the customer-first initiatives we began implementing over two years ago and continue to build on today,” said David Moezidis, Benchmark’s President and CEO.


Moezidis continued, “We are seeing improvement across a broad cross-section of our business, led by strengthening in Semi-Cap and continued momentum in AC&C and Medical. This positions us for sequential and year-over-year growth through the remainder of the year, with full year revenue now expected to be in the 9–10% range, up from prior expectations of mid-single-digit growth."




 






 






Three Months Ended






 








Summary GAAP Items






 






March 31,






 






 






December 31,






 






 






March 31,






 








(Amounts in millions, except per share data)






 






2025






 






 






2025






 






 






2026






 








Revenue






 






$






632






 






 






$






704






 






 






$






677






 








Gross Margin






 






 






10.0






%






 






 






10.5






%






 






 






10.2






%








Operating Margin






 






 






1.9






%






 






 






2.9






%






 






 






3.2






%








Diluted EPS






 






$






0.10






 






 






$






0.17






 






 






$






0.36






 









 






 






Three Months Ended






 








Summary Non-GAAP Items(1)






 






March 31,






 






 






December 31,






 






 






March 31,






 








(Amounts in millions, except per share data)






 






2025






 






 






2025






 






 






2026






 








Revenue






 






$






632






 






 






$






704






 






 






$






677






 








Gross Margin






 






 






10.1






%






 






 






10.6






%






 






 






10.3






%








Operating Margin






 






 






4.6






%






 






 






5.5






%






 






 






4.8






%








Diluted EPS






 






$






0.52






 






 






$






0.71






 






 






$






0.58






 









(1)





 

A reconciliation of non-GAAP results to the most directly comparable GAAP measures and a discussion of why management believes these non-GAAP results are useful are included below.









First Quarter and Fiscal Year Revenue by Sector














 






 






Three Months Ended






 








 






 






March 31,






 






 






December 31,






 






 






March 31,






 








(In millions)






 






2025






 






 






2025






 






 






2026






 








Semi-Cap






 






$






195






 






 






 






32






%






 






$






171






 






 






 






24






%






 






$






191






 






 






 






28






%








Industrial






 






 






137






 






 






 






22






 






 






 






144






 






 






 






20






 






 






 






133






 






 






 






20






 








A&D






 






 






122






 






 






 






19






 






 






 






137






 






 






 






20






 






 






 






120






 






 






 






18






 








Medical






 






 






104






 






 






 






16






 






 






 






144






 






 






 






21






 






 






 






128






 






 






 






19






 








AC&C






 






 






74






 






 






 






11






 






 






 






108






 






 






 






15






 






 






 






105






 






 






 






15






 








Total






 






$






632






 






 






 






100






%






 






$






704






 






 






 






100






%






 






$






677






 






 






 






100






%









Cash Conversion Cycle










 



 






 






Three Months Ended






 








 






 






March 31,






 






 






December 31,






 






 






March 31,






 








 






 






2025






 






 






2025






 






 






2026






 








Days in accounts receivable






 






 






53






 






 






 






50






 






 






 






50






 








Days in contract asset






 






 






25






 






 






 






23






 






 






 






25






 








Days in inventory






 






 






89






 






 






 






69






 






 






 






75






 








Days in accounts payable






 






 






(61






)






 






 






(58






)






 






 






(67






)








Days in advance payments from customers






 






 






(20






)






 






 






(17






)






 






 






(16






)








Days in cash conversion cycle






 






 






86






 






 






 






67






 






 






 






67






 







Second Quarter 2026 Guidance



Revenue between $700 million and $740 million



Diluted GAAP earnings per share between $0.51 and $0.57



Diluted non-GAAP earnings per share between $0.65 and $0.71



Non-GAAP earnings per share guidance excludes stock-based compensation expense of approximately $6.1 million and other non-operating expenses of $0.8 million to $1.2 million, which includes restructuring, amortization of intangibles and other expenses.



First Quarter 2026 Earnings Conference Call


The Company will host a conference call to discuss the results today at 5:00 p.m. Eastern Time. The live webcast of the call and accompanying reference materials will be accessible by logging on to the Company’s website at www.bench.com. A replay of the broadcast will also be available on the Company’s website.


About Benchmark Electronics, Inc.


Benchmark provides comprehensive solutions across the entire product lifecycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain, and delivering world-class manufacturing services in the following industries: advanced computing and communications (AC&C), aerospace and defense (A&D), industrial, medical, and semiconductor capital equipment (Semi-Cap). Benchmark’s global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.


Forward-Looking Statements


This press release 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 relate strictly to historical or current facts and may include words such as “anticipate,” “believe,” “intend,” “plan,” “project,” “forecast,” “strategy,” “position,” “continue,” “estimate,” “expect,” “may,” “will,” “could,” “predict,” and similar expressions of the negative or other variations thereof. In particular, statements, expressed or implied, concerning the Company’s outlook and guidance for second quarter and fiscal year 2026 results, future operating results or margins, the ability to generate sales and income or cash flow, expected revenue mix, the Company’s business strategy and strategic initiatives, the Company’s expectations regarding enterprise AI opportunities, anticipated growth in bookings, and the Company’s expectations regarding restructuring charges, stock-based compensation expense, amortization of intangibles, and capital expenditures, among others, are forward-looking statements. Although the Company believes these statements are based on and derived from reasonable assumptions, they involve risks, uncertainties and assumptions that are beyond the Company’s ability to control or predict, relating to operations, markets and the business environment generally, including those discussed under Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in any of the Company’s subsequent reports filed with the Securities and Exchange Commission. Events relating to the possibility of customer demand fluctuations, supply chain constraints, continuing inflationary pressures, the effects of foreign currency fluctuations and high interest rates, the potential of another U.S. government shutdown and the economic impacts, volatility and uncertainty resulting therefrom, geopolitical uncertainties including continuing hostilities and tensions, trade restrictions and sanctions, tariffs and retaliatory countermeasures, the ability to utilize the Company’s manufacturing facilities at sufficient levels to cover its fixed operating costs, or write-downs or write-offs of obsolete or unsold inventory, may have resulting impacts on the Company’s business, financial condition, results of operations, and the Company’s ability (or inability) to execute on its plans. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes, including the future results of the Company’s operations, may vary materially from those indicated. Undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of performance. All forward-looking statements included in this document are based upon information available to the Company as of the date of this document, and the Company assumes no obligation to update.


Non-GAAP Financial Measures


Management discloses certain non-GAAP information to provide investors with additional information to analyze the Company’s performance and underlying trends. These non-GAAP financial measures exclude restructuring charges, stock-based compensation expense, amortization of intangible assets acquired in business combinations, certain legal and other settlement losses (gains), customer insolvency losses (recoveries), asset impairments, other significant non-recurring costs and the related tax impacts, including discrete tax items, and other non-GAAP tax adjustments, of all of the above. A detailed reconciliation between GAAP results and results excluding certain items (“non-GAAP”) is included in the following tables attached to this document. In situations where a non-GAAP reconciliation has not been provided, the Company was unable to provide such a reconciliation without unreasonable effort due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the non-GAAP adjustments may be recognized. Management uses non-GAAP measures that exclude certain items in order to better assess operating performance and help investors compare results with our previous guidance. This document also references “free cash flow”, a non-GAAP measure, which the Company defines as cash flow from operations less additions to property, plant and equipment and purchased software. The Company’s non-GAAP information is not necessarily comparable to the non-GAAP information used by other companies. Non-GAAP information should not be viewed as a substitute for, or superior to, net income or other data prepared in accordance with GAAP as a measure of the Company’s profitability or liquidity. Readers should consider the types of events and transactions for which adjustments have been made.




Benchmark Electronics, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Amounts in Thousands, Except Per Share Data)

(UNAUDITED)










 



 






 






Three Months Ended






 








 






 






March 31,






 








 






 






2025






 






 






2026






 








Sales






 






$






631,764






 






 






$






677,280






 








Cost of sales






 






 






568,584






 






 






 






608,046






 








Gross profit






 






 






63,180






 






 






 






69,234






 








Selling, general and administrative expenses






 






 






38,800






 






 






 






42,409






 








Amortization of intangible assets






 






 






1,204






 






 






 






1,204






 








Restructuring charges and other costs






 






 






11,417






 






 






 






3,747






 








Income from operations






 






 






11,759






 






 






 






21,874






 








Interest expense






 






 






(5,295






)






 






 






(3,649






)








Interest income






 






 






2,732






 






 






 






1,900






 








Other expense, net






 






 






(802






)






 






 






(1,703






)








Income before income taxes






 






 






8,394






 






 






 






18,422






 








Income tax expense






 






 






4,750






 






 






 






5,399






 








Net income






 






$






3,644






 






 






$






13,023






 








Earnings per share:






 






 






 






 






 






 








Basic






 






$






0.10






 






 






$






0.36






 








Diluted






 






$






0.10






 






 






$






0.36






 








Weighted-average number of shares outstanding:






 






 






 






 






 






 








Basic






 






 






36,052






 






 






 






35,766






 








Diluted






 






 






36,605






 






 






 






36,276






 









Benchmark Electronics, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In Thousands)

(UNAUDITED)








 






 






December 31,






 






 






March 31,






 








 






 






2025






 






 






2026






 








Assets






 






 






 






 






 






 








Current assets:






 






 






 






 






 






 








Cash and cash equivalents






 






$






322,064






 






 






$






324,908






 








Restricted cash






 






 






336






 






 






 






333






 








Accounts receivable, net






 






 






391,101






 






 






 






375,902






 








Contract assets






 






 






182,870






 






 






 






190,934






 








Inventories






 






 






482,544






 






 






 






507,447






 








Prepaid expenses and other current assets






 






 






69,226






 






 






 






60,461






 








Total current assets






 






 






1,448,141






 






 






 






1,459,985






 








Property, plant and equipment, net






 






 






223,784






 






 






 






235,086






 








Operating lease right-of-use assets






 






 






102,664






 






 






 






104,725






 








Goodwill and other long-term assets






 






 






297,126






 






 






 






296,397






 








Total assets






 






$






2,071,715






 






 






$






2,096,193






 








 






 






 






 






 






 






 








Liabilities and Shareholders’ Equity






 






 






 






 






 






 








Current liabilities:






 






 






 






 






 






 








Current installments of long-term debt






 






$






3,750






 






 






$






3,750






 








Accounts payable






 






 






403,222






 






 






 






451,146






 








Advance payments from customers






 






 






115,545






 






 






 






110,966






 








Accrued liabilities






 






 






113,060






 






 






 






103,359






 








Total current liabilities






 






 






635,577






 






 






 






669,221






 








Long-term debt, net of current installments






 






 






206,826






 






 






 






201,030






 








Operating lease liabilities






 






 






98,689






 






 






 






99,546






 








Other long-term liabilities






 






 






30,820






 






 






 






29,895






 








Total liabilities






 






 






971,912






 






 






 






999,692






 








Shareholders’ equity






 






 






1,099,803






 






 






 






1,096,501






 








Total liabilities and shareholders’ equity






 






$






2,071,715






 






 






$






2,096,193






 









Benchmark Electronics, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(In Thousands)

(UNAUDITED)










 



 






 






Three Months Ended






 








 






 






March 31,






 








 






 






2025






 






 






2026






 








Cash flows from operating activities:






 






 






 






 






 






 








Net income






 






$






3,644






 






 






$






13,023






 








Depreciation and amortization






 






 






11,768






 






 






 






11,902






 








Stock-based compensation expense






 






 






4,397






 






 






 






5,401






 








Accounts receivable






 






 






39,870






 






 






 






14,170






 








Contract assets






 






 






(4,410






)






 






 






(8,064






)








Inventories






 






 






(5,182






)






 






 






(25,558






)








Accounts payable






 






 






24,194






 






 






 






42,323






 








Advance payments from customers






 






 






(15,755






)






 






 






(4,579






)








Other changes in working capital and other, net






 






 






(27,023






)






 






 






(1,590






)








Net cash provided by operating activities






 






 






31,503






 






 






 






47,028






 








 






 






 






 






 






 






 








Cash flows from investing activities:






 






 






 






 






 






 








Additions to property, plant and equipment and software






 






 






(4,156






)






 






 






(18,270






)








Other investing activities, net






 






 






50






 






 






 






2,172






 








Net cash used in investing activities






 






 






(4,106






)






 






 






(16,098






)








 






 






 






 






 






 






 








Cash flows from financing activities:






 






 






 






 






 






 








Share repurchases






 






 






(7,996






)






 






 






(5,799






)








Net debt activity






 






 






18,312






 






 






 






(5,938






)








Other financing activities, net






 






 






(12,785






)






 






 






(14,163






)








Net cash used in financing activities






 






 






(2,469






)






 






 






(25,900






)








 






 






 






 






 






 






 








Effect of exchange rate changes






 






 






2,385






 






 






 






(2,189






)








Net increase in cash and cash equivalents and restricted cash






 






 






27,313






 






 






 






2,841






 








Cash and cash equivalents and restricted cash at beginning of year






 






 






328,027






 






 






 






322,400






 








Cash and cash equivalents and restricted cash at end of period






 






$






355,340






 






 






$






325,241






 









Benchmark Electronics, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Financial Results

(Amounts in Thousands, Except Per Share Data)

(UNAUDITED)










 



 






 






Three Months Ended






 








 






 






March 31,






 






 






Dec 31,






 






 






March 31,






 








 






 






2025






 






 






2025






 






 






2026






 








Income from operations (GAAP)






 






$






11,759






 






 






$






20,143






 






 






$






21,874






 








Restructuring charges and other costs






 






 






1,342






 






 






 






2,952






 






 






 






3,747






 








Stock-based compensation expense






 






 






4,397






 






 






 






2,121






 






 






 






5,401






 








Amortization of intangible assets






 






 






1,204






 






 






 






1,204






 






 






 






1,204






 








Asset impairments






 






 






—






 






 






 






11,102






 






 






 






—






 








Legal and other settlement loss






 






 






10,275






 






 






 






1,174






 






 






 






154






 








Other






 






 






—






 






 






 






60






 






 






 






—






 








Non-GAAP income from operations






 






$






28,977






 






 






$






38,756






 






 






$






32,380






 








GAAP operating margin






 






 






1.9






%






 






 






2.9






%






 






 






3.2






%








Non-GAAP operating margin






 






 






4.6






%






 






 






5.5






%






 






 






4.8






%








 






 






 






 






 






 






 






 






 






 








Gross profit (GAAP)






 






$






63,180






 






 






$






74,169






 






 






$






69,234






 








Stock-based compensation expense






 






 






431






 






 






 






498






 






 






 






559






 








Non-GAAP gross profit






 






$






63,611






 






 






$






74,667






 






 






$






69,793






 








GAAP gross margin






 






 






10.0






%






 






 






10.5






%






 






 






10.2






%








Non-GAAP gross margin






 






 






10.1






%






 






 






10.6






%






 






 






10.3






%








 






 






 






 






 






 






 






 






 






 








Selling, general and administrative expenses






 






$






38,800






 






 






$






38,769






 






 






$






42,409






 








Stock-based compensation expense






 






 






(3,966






)






 






 






(1,622






)






 






 






(4,842






)








Legal and other settlement loss






 






 






(200






)






 






 






(1,174






)






 






 






(154






)








Other






 






 






—






 






 






 






(60






)






 






 






—






 








Non-GAAP selling, general and administrative expenses






 






$






34,634






 






 






$






35,913






 






 






$






37,413






 








 






 






 






 






 






 






 






 






 






 








Net income (GAAP)






 






$






3,644






 






 






$






5,973






 






 






$






13,023






 








Restructuring charges and other costs






 






 






1,342






 






 






 






2,952






 






 






 






3,747






 








Stock-based compensation expense






 






 






4,397






 






 






 






2,121






 






 






 






5,401






 








Amortization of intangible assets






 






 






1,204






 






 






 






1,204






 






 






 






1,204






 








Asset impairments






 






 






—






 






 






 






11,102






 






 






 






—






 








Legal and other settlement loss






 






 






10,275






 






 






 






1,174






 






 






 






154






 








Other






 






 






—






 






 






 






60






 






 






 






—






 








Income tax adjustments(1)






 






 






(1,645






)






 






 






1,182






 






 






 






(2,525






)








Non-GAAP net income






 






$






19,217






 






 






$






25,768






 






 






$






21,004






 








 






 






 






 






 






 






 






 






 






 








Diluted earnings per share:






 






 






 






 






 






 






 






 






 








Diluted (GAAP)






 






$






0.10






 






 






$






0.17






 






 






$






0.36






 








Diluted (Non-GAAP)






 






$






0.52






 






 






$






0.71






 






 






$






0.58






 








 






 






 






 






 






 






 






 






 






 








Weighted-average number of shares used in calculating diluted earnings per share:






 






 






 






 






 






 






 






 






 








Diluted (GAAP)






 






 






36,605






 






 






 






36,193






 






 






 






36,276






 








Diluted (Non-GAAP)






 






 






36,605






 






 






 






36,193






 






 






 






36,276






 








 






 






 






 






 






 






 






 






 






 








Net cash provided by operations






 






$






31,503






 






 






$






58,676






 






 






$






47,028






 








Additions to property, plant and equipment and software






 






 






(4,156






)






 






 






(10,590






)






 






 






(18,270






)








Free cash flow






 






$






27,347






 






 






$






48,086






 






 






$






28,758






 









(1)





 

This amount represents the tax impact of the non-GAAP adjustments, including discrete tax items, using the applicable effective tax rates.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429613284/en/
For More Information, Please Contact:

Paul Mansky, Investor Relations and Corporate Development

1-623-300-7052 or paul.mansky@bench.com


Original: Benchmark Reports First Quarter 2026 Results and Raises Full Year Outlook