Benchmark Reports Second Quarter 2022 Results

Second quarter 2022 results:

  • Revenue of $728 million; 34% year-over-year growth
    • Computing revenue growth of 73% year-over-year
    • Industrials revenue growth of 59% year-over-year
    • Medical revenue growth of 53% year-over-year
    • Semi-Cap revenue growth of 26% year-over-year
  • GAAP operating income up 110% year-over-year
  • Non-GAAP operating income up 67% year-over-year
  • GAAP diluted EPS of $0.49, up 145% year-over-year
  • Non-GAAP diluted EPS of $0.50, up 85% year-over-year

“The second quarter continued to demonstrate our ability to execute on our growth strategy despite ongoing supply chain challenges” said Jeff Benck, Benchmark’s President and CEO.

“We were pleased with the balanced revenue contribution to our performance in the second quarter, led by the Medical, Industrials, and Computing sectors. Meanwhile, our Semi-Cap sector continues to demonstrate nice growth, with demand signals pointing to strength into 2023.”

Benck continued “Our bookings performance and resulting new program introduction efforts over the last two years are leading to the successful launch of many new products. This effort, coupled with our ability to fulfill greater demand from our existing customer base, is fueling our industry leading growth. We believe these demand indicators, along with our under-sized consumer exposure, has us well positioned for continued momentum through the second half of 2022.”

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