earnings
confidence high
sentiment positive
materiality 0.70
Benchmark beats Q2 guidance; revenue $733M, non-GAAP EPS $0.48, operating income up 28% YoY
BENCHMARK ELECTRONICS INC
2023-Q2 EPS reported
$0.74
revenue$1,427,927,000
- Revenue $733M, GAAP EPS $0.39, non-GAAP EPS $0.48; both EPS and revenue exceeded guidance.
- GAAP operating income $24M (+9% YoY); non-GAAP operating income $29M (+28% YoY).
- Cash conversion cycle improved to 103 days from 109 in prior quarter; inventory days down to 102.
- Q3 guidance: rev $680-720M, GAAP EPS $0.45-0.51, non-GAAP EPS $0.51-0.59.
- Segment growth in Industrials, Advanced Computing, and Next Gen Comms; total rev up 1% YoY.