TEMPE, AZ -- Benchmark Electronics reported second quarter revenue of $642 million, down 3.6% from $666 million in 2024.

Demand for semiconductor and capital equipment, and aerospace and defense, was offset by a drop in computing and communications.

GAAP operating income was $20 million and non-GAAP operating income was $30 million.

Gross margin was down 10 basis points to 10.1%, and operating margin declined 90 basis points to 3.2%.

“Benchmark’s second quarter results continue to validate our strategy. We are the partner of choice for complex product execution, from concept through design to global delivery and support. Our second quarter progress was measured by sequential growth across most of our sectors with continued strength in A&D and solid recovery in the Industrial and Medical sectors. Even more encouraging was that we achieved a multi-year record in new bookings during the quarter,” said Jeff Benck, Benchmark’s president and CEO.

“My conviction in our strategy and execution has never been higher. We see this play out in our margin improvement, bookings momentum with existing customers, and increased commitment to our value proposition by new customers. I am confident our accelerating momentum will drive growth and operational leverage in the coming quarters.”

Benchmark guided for third quarter revenue of $635 million to $685 million.

• Next