Short answer
BENCHMARK ELECTRONICS INC (BHE) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $2.7B (−0.4% year over year) and net income of $25M.
- Top risk flagged: Legal risk from indirect tax assessment settlement causing increased restructuring charges and impairment, reducing Americas operating income 38% to $24.8M in 2025
FY2025 key financial metrics · XBRL
- Revenue
- $2.7B
- −0.4% YoY
- Net income
- $25M
- −60.8% YoY
- Operating margin
- 2.8%
- −1.2 pp YoY
- Gross margin
- 9.8%
- +0.0 pp YoY
- EPS (diluted)
- $0.68
- −60.5% YoY
- ROE
- 2.3%
- −3.4 pp YoY
- Operating cash flow
- $124M
- −34.5% YoY
Source: XBRL data from the BENCHMARK ELECTRONICS INC (BHE) FY2025 10-K on SEC EDGAR. USD.
BENCHMARK ELECTRONICS INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Electronic manufacturing services and integrated manufacturing solutions
- Emphasis on forward-looking guidance for fiscal 2026 results, including revenue mix and operating margins
- Strategic focus on share repurchases, restructuring charges, and tax incentive awards in upcoming fiscal year
- No new products or segments introduced; primary focus on operational and financial outlook transparency
- Noteworthy focus on managing uncertainties and risks beyond company control affecting future results
Management Discussion & Analysis
- No revenue, profitability, segment, or cash flow details provided in the MD&A excerpt
- No forward-looking guidance or risk disclosures mentioned
Risk Factors
- Legal risk from indirect tax assessment settlement causing increased restructuring charges and impairment, reducing Americas operating income 38% to $24.8M in 2025
- Geopolitical risk in Americas region with sales down 8% to $1.2B driven by semi-cap, industrial, and AC&C sector declines
- Operational risk from restructuring and impairment charges impacting profitability in Americas, contributing to 2025 income from operations decline to $76.0M from $109.4M
- Competitive risk from increased cost pressures potentially impacting margins amid stable 10.2% gross profit margin despite sales fluctuations
- Financial risk from large corporate intersegment eliminations expenses increasing to $125.3M in 2025, affecting total operating income
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