Benchmark Electronics IncBHE

Benchmark Electronics Inc. is a 61-year-old Texas company that builds things for customers who would rather not build them themselves: design, engineering, and manufacturing services for aerospace, defense, industrial kit, semiconductor capital equipment, next-gen communications, advanced computing, and medical devices. The latest 10-Q for the three months ended 31 March 2026 lists $677.3 million in revenue and $13.0 million in net income, a profit margin thinner than a silicon wafer. (source: BHE SEC EDGAR 10-Q (2026-04-30), https://www.sec.gov/Archives/edgar/data/863436/000119312526192574/bhe-20260331.htm)

The company’s balance sheet offers a more arresting picture: $2.10 billion in assets sit across $999.7 million of liabilities, leaving $1.10 billion of shareholders’ equity. Cash on hand is $324.9 million, while inventory has swollen to $507.4 million-an increase of $25.6 million in the quarter. Operating income was $21.9 million, and net cash from operations clocked in at $47.0 million. Diluted EPS came in at $0.36 on 36.3 million shares. (source: BHE SEC EDGAR 10-Q (2026-04-30), https://www.sec.gov/Archives/edgar/data/863436/000119312526192574/bhe-20260331.htm)

On the product side, Benchmark’s newsroom insists it is the go-to partner for “advanced sensor architecture,” “flexible automation,” and “connected device solutions,” including IoT gateways and embedded computing platforms. The company’s press pages cite demand from semiconductor capital equipment, advanced computing, AI infrastructure, and medical markets, yet none of these releases supply a single order, contract value, or customer name that can be traced back to the 10-Q numbers. (source: Benchmark Advanced Sensor Architecture Expertise Featured in Military + Aerospace Electronics, https://www.bench.com/setting-the-benchmark/the-next-evolution-of-defense-sensor-technology-turning-data-into-decision-advantage; Is Flexible Automation Right for Manufacturing Your Product?, https://www.bench.com/setting-the-benchmark/is-flexible-automation-right-for-manufacturing-your-product; Connected Device Solutions | Benchmark, https://www.bench.com/iot-solutions)

If you want a live chart, the SEC EDGAR index for CIK 863436 is the canonical place to start; it lists the latest filings, but the regulator does not supply price charts or trading volumes. To see where the stock has traded, you will need to consult a market-data provider of your choice. (source: BHE SEC EDGAR filing index, https://www.sec.gov/edgar/browse/?CIK=863436)

What changed this month? Benchmark’s 13G/A filing on 14 July 2026 disclosed a passive 5.7% stake held by a private investment vehicle, a footnote rather than a strategic move. The June 11 8-K and related 144 filings show routine share sales by insiders and a standard S-8 registration for incentive awards-no blockbuster capital raising or buyback programme. (source: BHE SCHEDULE 13G/A (2026-07-14), https://www.sec.gov/Archives/edgar/data/863436/000035420426000784/xslSCHEDULE_13G_X02/primary_doc.xml; BHE 8-K (2026-06-08), https://www.sec.gov/Archives/edgar/data/863436/000119312526261721/bhe-20260608.htm; BHE S-8 (2026-06-09), https://www.sec.gov/Archives/edgar/data/863436/000119312526262540/bhe-20260608.htm)

The filings also remind us that 88.9% of revenue in Q1 2026 was recognised over time, which means customers are paying as work progresses rather than at shipment. That is prudent accounting, but it also defers visible cash flows and keeps the balance sheet lumpy with inventory. The company’s “Path to 2030” slides look sleek, yet the Q1 cash from operations of $47.0 million is the figure that actually matters today. (source: BHE SEC EDGAR 10-Q (2026-04-30), https://www.sec.gov/Archives/edgar/data/863436/000119312526192574/bhe-20260331.htm)