Form 8-K

8-K — BENCHMARK ELECTRONICS INC

Accession: 0001193125-26-324117

Filed: 2026-07-29

Period: 2026-07-29

CIK: 0000863436

SIC: 3672 (PRINTED CIRCUIT BOARDS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — bhe-20260729.htm (Primary)

EX-99.1 (bhe-ex99_1.htm)

EX-99.2 (bhe-ex99_2.htm)

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8-K

8-K (Primary)

Filename: bhe-20260729.htm · Sequence: 1

8-K

0000863436false00008634362026-07-292026-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2026

BENCHMARK ELECTRONICS, INC.

(Exact name of Registrant as Specified in Its Charter)

Texas

001-10560

74-2211011

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

56 South Rockford Drive

Tempe, Arizona

85288

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (623) 300-7000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.10 per share

BHE

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 29, 2026, Benchmark Electronics, Inc. (the “Company”) issued a press release announcing its results of operations for the quarter ended June 30, 2026. A copy of the press release and accompanying investor presentation are attached hereto as Exhibits 99.1 and 99.2, respectively, and incorporated by reference herein. The information disclosed under this Item 2.02, including Exhibits 99.1 and 99.2 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

Press release, dated July 29, 2026

99.2

Investor presentation, dated July 29, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

BENCHMARK ELECTRONICS, INC.

Date:

July 29, 2026

By:

/s/ Stephen J. Beaver

Stephen J. Beaver, Esq.

Senior Vice President, General Counsel and Chief Legal Officer

EX-99.1

Filename: bhe-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

BENCHMARK REPORTS STRONG SECOND QUARTER RESULTS

RAISES FISCAL 2026 REVENUE GUIDANCE TO A RECORD $3 BILLION

TEMPE, AZ, July 29, 2026 – Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the second quarter ended June 30, 2026.

Second quarter 2026 results:

•

Revenue of $756 million, up 18% year-over-year

•

Diluted GAAP earnings per share of $0.55

•

Diluted non-GAAP earnings per share of $0.75, up 36% year-over-year

•

Operating cash flow of $35 million with free cash flow of $22 million

"Our second quarter results reflect continued momentum across the business, highlighted by revenue and earnings above the high end of our prior guidance along with another record quarter of bookings,” said David Moezidis, Benchmark’s President and CEO.

Moezidis continued, “Strengthening demand across our end markets, growing customer engagement, and disciplined execution are contributing to broad‑based improvement throughout the portfolio. As a result, we are again raising our full year outlook and now expect revenue growth of approximately 13%, positioning Benchmark to achieve $3 billion in annual revenue for the first time in the company’s history.”

Three Months Ended

Summary GAAP Items

June 30,

March 31,

June 30,

(in millions, except per share data)

2025

2026

Revenue

642

677

756

Gross Margin

10.1

10.2

10.4

Operating Margin

3.2

4.0

Diluted EPS

0.03

0.36

0.55

Three Months Ended

Summary Non-GAAP Items(1)

June 30,

March 31,

June 30,

(in millions, except per share data)

2025

2026

Revenue

642

677

756

Gross Margin

10.2

10.3

10.5

Operating Margin

4.7

4.8

5.2

Diluted EPS

0.55

0.58

0.75

(1) A reconciliation of non-GAAP results to the most directly comparable GAAP measures and a discussion of why management believes these non-GAAP results are useful are included below.

Second Quarter Revenue by Sector

Three Months Ended

June 30,

March 31,

June 30,

(in millions)

2025

2026

Semi-Cap

190

191

223

Industrial

142

133

161

A&D

126

120

111

Medical

110

128

134

AC&C

105

127

Total

642

100

677

100

756

100

Cash Conversion Cycle

Three Months Ended

June 30,

March 31,

June 30,

2025

2026

Days in accounts receivable

Days in contract asset

Days in inventory

Days in accounts payable

(55

)

(67

)

(73

)

Days in advance payments from customers

(20

)

(16

)

(17

)

Days in cash conversion cycle

Third Quarter 2026 Guidance

•

Revenue between $755 million and $795 million

•

Diluted GAAP earnings per share between $0.51 and $0.57

•

Diluted non-GAAP earnings per share between $0.76 and $0.82

•

Non-GAAP earnings per share guidance excludes stock-based compensation expense of approximately $8.4 million and other non-operating expenses of $3.5 million to $4.0 million, which includes restructuring, amortization of intangibles and other expenses

Second Quarter 2026 Earnings Conference Call

The Company will host a conference call to discuss the results today at 5:00 p.m. Eastern Time. The live webcast of the call and accompanying reference materials will be accessible by logging on to the Company’s website at www.bench.com. A replay of the broadcast will also be available on the Company’s website.

About Benchmark Electronics, Inc.

Benchmark provides comprehensive solutions across the entire product lifecycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain, and delivering world-class manufacturing services in the following industries: advanced computing and communications, aerospace and defense, industrial, medical, and semiconductor capital equipment. Benchmark’s global operations include facilities in eight countries and its common shares trade on the New York Stock Exchange under the symbol BHE.

For More Information, Please Contact:

Benchmark Investor Relations at investor.relations@bench.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as “anticipate,” “believe,” “intend,” “plan,” “project,” “forecast,” “strategy,” “position,” “continue,” “estimate,” “expect,” “may,” “will,” “could,” “predict,” and similar expressions of the negative or other variations thereof. In particular, statements, expressed or implied, concerning the Company’s outlook and guidance for third quarter and fiscal year 2026 results, future operating results or margins, the ability to generate sales and income or cash flow, expected revenue mix, the Company’s business strategy and strategic initiatives, the Company’s expectations regarding enterprise AI opportunities, anticipated growth in bookings, and repurchases of shares of its common stock, the Company’s expectations regarding restructuring activity and charges, stock-based compensation expense, amortization of intangibles, award or extension of any tax incentives and capital expenditures, the Company’s intentions concerning the payment of dividends, the Company’s expectations regarding the impact of inflation, tariffs and trade policies, and the Company’s positions and strategies with respect to ongoing or threatened litigation and expected outcomes, among others, are forward-looking statements. Although the Company believes these statements are based on and derived from reasonable assumptions, they involve risks, uncertainties and assumptions, that are beyond the Company’s ability to control or predict, relating to operations, markets and the business environment generally, including those discussed under Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and in any of the Company’s subsequent reports filed with the Securities and Exchange Commission. Risks and uncertainties relating to the possibility of customer demand fluctuations, supply chain constraints, continuing inflationary pressures, the effects of foreign currency fluctuations and high interest rates, geopolitical uncertainties including continuing hostilities and tensions in the Middle East and elsewhere, trade restrictions and sanctions, tariffs and retaliatory countermeasures, the ability to utilize the Company’s manufacturing facilities at sufficient levels to cover its fixed operating costs, or write-downs or write-offs of obsolete or unsold inventory, may have resulting impacts on the Company’s business, financial condition, results of operations, and the Company’s ability (or inability) to execute on its plans. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes, including the future results of the Company’s operations, may vary materially from those indicated. Undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of performance. All forward-looking statements included in this document are based upon information available to the Company as of the date of this document, and the Company assumes no obligation to update.

Non-GAAP Financial Measures

Management discloses certain non‐GAAP information to provide investors with additional information to analyze the Company’s performance and underlying trends. These non-GAAP financial measures exclude restructuring charges, stock-based compensation expense, amortization of intangible assets acquired in business combinations, certain legal and other settlement losses (gains), customer insolvency losses (recoveries), asset impairments, other significant non-recurring costs and the related tax impacts, including discrete tax items, and other non-GAAP tax adjustments, of all of the above. A detailed reconciliation between GAAP results and results excluding certain items (“non-GAAP”) is included in the following tables attached to this document. In situations where a non-GAAP reconciliation has not been provided, the Company was unable to provide such a reconciliation without unreasonable effort due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the non-GAAP adjustments may be recognized. Management uses non‐GAAP measures that exclude certain items in order to better assess operating performance and help investors compare results with our previous guidance. This document also references “free cash flow”, a non-GAAP measure, which the Company defines as cash flow from operations less additions to property, plant and equipment and purchased software. The Company’s non‐GAAP information is not necessarily comparable to the non‐GAAP information used by other companies. Non‐GAAP information should not be viewed as a substitute for, or superior to, net income or other data prepared in accordance with GAAP as a measure of the Company’s profitability or liquidity. Readers should consider the types of events and transactions for which adjustments have been made.

Benchmark Electronics, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(in thousands, except per share data)

(unaudited)

Three Months Ended

Six Months Ended

June 30,

2025

2026

2025

2026

Sales

642,335

755,980

1,274,099

1,433,260

Cost of sales

577,563

677,580

1,146,147

1,285,626

Gross profit

64,772

78,400

127,952

147,634

Selling, general and administrative expenses

40,569

46,132

79,369

88,541

Amortization of intangible assets

1,204

2,408

Restructuring charges and other costs

2,513

811

13,930

4,558

Income from operations

20,486

30,253

32,245

52,127

Interest expense

(6,348

)

(3,751

)

(11,643

)

(7,400

)

Interest income

3,135

1,990

5,867

3,890

Other (expense) income , net

(666

)

223

(1,468

)

(1,480

)

Income before income taxes

16,607

28,715

25,001

47,137

Income tax expense

15,635

8,833

20,385

14,232

Net income

972

19,882

4,616

32,905

Earnings per share:

Basic

0.03

0.55

0.13

0.92

Diluted

0.03

0.55

0.13

0.91

Weighted-average number of shares outstanding:

Basic

35,991

35,898

36,021

35,833

Diluted

36,258

36,397

36,427

36,341

Benchmark Electronics, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

December 31,

June 30,

2025

2026

Assets

Current assets:

Cash and cash equivalents

322,064

314,836

Restricted cash

336

377

Accounts receivable, net

391,101

451,612

Contract assets

182,870

196,420

Inventories

482,544

544,261

Prepaid expenses and other current assets

69,226

77,471

Total current assets

1,448,141

1,584,977

Property, plant and equipment, net

223,784

232,856

Operating lease right-of-use assets

102,664

101,398

Goodwill and other long-term assets

297,126

295,140

Total assets

2,071,715

2,214,371

Liabilities and Shareholders’ Equity

Current liabilities:

Current installments of long-term debt

3,750

Accounts payable

403,222

552,671

Advance payments from customers

115,545

124,320

Accrued liabilities

113,060

114,578

Total current liabilities

635,577

795,319

Long-term debt, net of current installments

206,826

177,234

Operating lease liabilities

98,689

96,329

Other long-term liabilities

30,820

29,206

Total liabilities

971,912

1,098,088

Shareholders’ equity

1,099,803

1,116,283

Total liabilities and shareholders’ equity

2,071,715

2,214,371

Benchmark Electronics, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

Six Months Ended

June 30,

2025

2026

Cash flows from operating activities:

Net income

4,616

32,905

Depreciation and amortization

23,785

23,885

Stock-based compensation expense

9,732

11,611

Accounts receivable

46,794

(61,891

)

Contract assets

(7,523

)

(13,550

)

Inventories

26,087

(62,686

)

Accounts payable

(3,727

)

150,471

Advance payments from customers

(17,150

)

8,775

Other changes in working capital and other, net

(53,934

)

(7,817

)

Net cash provided by operating activities

28,680

81,703

Cash flows from investing activities:

Additions to property, plant and equipment and software

(16,460

)

(31,192

)

Other investing activities, net

2,108

Net cash used in investing activities

(16,398

)

(29,084

)

Cash flows from financing activities:

Share repurchases

(15,995

)

(5,799

)

Net debt activity

(50,430

)

(29,875

)

Other financing activities, net

(18,990

)

(20,478

)

Net cash used in financing activities

(85,415

)

(56,152

)

Effect of exchange rate changes

9,753

(3,654

)

Net decrease in cash and cash equivalents and restricted cash

(63,380

)

(7,187

)

Cash and cash equivalents and restricted cash at beginning of year

328,027

322,400

Cash and cash equivalents and restricted cash at end of period

264,647

315,213

Benchmark Electronics, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Financial Results

(in thousands, except per share data)

(unaudited)

Three Months Ended

Six Months Ended

June 30,

Mar 31,

June 30,

2025

2026

2025

2026

Income from operations (GAAP)

20,486

21,874

30,253

32,245

52,127

Restructuring charges and other costs

1,939

3,747

1,126

3,281

4,873

Stock-based compensation expense

5,335

5,401

6,210

9,732

11,611

Amortization of intangible assets

1,204

2,408

Legal and other settlement loss (recovery)

799

154

(107

)

11,074

Other

311

—

261

311

261

Non-GAAP income from operations

30,074

32,380

38,947

59,051

71,327

GAAP operating margin

3.2

4.0

2.5

3.6

Non-GAAP operating margin

4.7

4.8

5.2

4.6

5.0

Gross profit (GAAP)

64,772

69,234

78,400

127,952

147,634

Stock-based compensation expense

514

559

636

945

1,195

Non-GAAP gross profit

65,286

69,793

79,036

128,897

148,829

GAAP gross margin

10.1

10.2

10.4

10.0

10.3

Non-GAAP gross margin

10.2

10.3

10.5

10.1

10.4

Selling, general and administrative expenses

40,569

42,409

46,132

79,369

88,541

Stock-based compensation expense

(4,821

)

(4,842

)

(5,574

)

(8,787

)

(10,416

)

Legal and other settlement loss

(225

)

(154

)

(208

)

(425

)

(362

)

Other

(311

)

—

(261

)

(311

)

(261

)

Non-GAAP selling, general and administrative expenses

35,212

37,413

40,089

69,846

77,502

Net income (GAAP)

972

13,023

19,882

4,616

32,905

Restructuring charges and other costs

1,939

3,747

1,126

3,281

4,873

Stock-based compensation expense

5,335

5,401

6,210

9,732

11,611

Amortization of intangible assets

1,204

2,408

Legal and other settlement loss (recovery)

799

154

(107

)

11,074

Refinancing of Credit Facilities

224

—

224

—

Other

311

—

261

311

261

Income tax adjustments(1)

9,208

(2,525

)

(1,135

)

7,563

(3,660

)

Non-GAAP net income

19,992

21,004

27,441

39,209

48,445

Diluted earnings per share:

Diluted (GAAP)

0.03

0.36

0.55

0.13

0.91

Diluted (Non-GAAP)

0.55

0.58

0.75

1.08

1.33

Weighted-average number of shares used in calculating diluted earnings per share:

Diluted (GAAP)

36,258

36,276

36,397

36,427

36,341

Diluted (Non-GAAP)

36,258

36,276

36,397

36,427

36,341

Net cash provided by (used in) operations

(2,823

)

47,028

34,675

28,680

81,703

Additions to property, plant and equipment and software

(12,304

)

(18,270

)

(12,922

)

(16,460

)

(31,192

)

Free cash flow (used)

(15,127

)

28,758

21,753

12,220

50,511

(1)

This amount represents the tax impact of the non-GAAP adjustments, including discrete tax items, using the applicable effective tax rates.

EX-99.2

Filename: bhe-ex99_2.htm · Sequence: 3

Benchmark Electronics Second Quarter Fiscal Year 2026 Results July 29, 2026

Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as “anticipate,” “believe,” “intend,” “plan,” “project,” “forecast,” “strategy,” “position,” “continue,” “estimate,” “expect,” “may,” “will,” “could,” “predict,” and similar expressions of the negative or other variations thereof. In particular, statements, expressed or implied, concerning the Company's outlook and guidance for third quarter and fiscal year 2026 results, future operating results or margins, the ability to generate sales and income or cash flow, expected revenue mix, the Company’s business strategy and strategic initiatives, the Company’s expectations regarding enterprise AI opportunities, anticipated growth in bookings, and repurchases of shares of its common stock, the Company’s expectations regarding restructuring activity and charges, stock-based compensation expense, amortization of intangibles, award or extension of any tax incentives and capital expenditures, the Company’s intentions concerning the payment of dividends, the Company’s expectations regarding the impact of inflation, tariffs and trade policies, and the Company’s positions and strategies with respect to ongoing or threatened litigation and expected outcomes, among others, are forward-looking statements. Although the Company believes these statements are based on and derived from reasonable assumptions, they involve risks, uncertainties and assumptions, that are beyond the Company’s ability to control or predict, relating to operations, markets and the business environment generally, including those discussed under Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in any of the Company’s subsequent reports filed with the Securities and Exchange Commission. Risks and uncertainties relating to the possibility of customer demand fluctuations, supply chain constraints, continuing inflationary pressures, the effects of foreign currency fluctuations and high interest rates, geopolitical uncertainties including continuing hostilities and tensions in the Middle East and elsewhere, trade restrictions and sanctions, tariffs and retaliatory countermeasures, the ability to utilize the Company’s manufacturing facilities at sufficient levels to cover its fixed operating costs, or write-downs or write-offs of obsolete or unsold inventory, may have resulting impacts on the Company’s business, financial condition, results of operations, and the Company’s ability (or inability) to execute on its plans. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes, including the future results of the Company’s operations, may vary materially from those indicated. Undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of performance. All forward-looking statements included in this document are based upon information available to the Company as of the date of this document, and the Company assumes no obligation to update. Non-GAAP Financial Information Management discloses certain non‐GAAP information to provide investors with additional information to analyze the Company’s performance and underlying trends. These non-GAAP financial measures exclude restructuring charges, stock-based compensation expense, amortization of intangible assets acquired in business combinations, certain legal and other settlement losses (gains), customer insolvency losses (recoveries), asset impairments, other significant non-recurring costs and the related tax impacts, including discrete tax items, and other non-GAAP tax adjustments, of all of the above. A detailed reconciliation between GAAP results and results excluding certain items (“non-GAAP”) is included in the following tables attached to this document. In situations where a non-GAAP reconciliation has not been provided, the Company was unable to provide such a reconciliation without unreasonable effort due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the non-GAAP adjustments may be recognized. Management uses non‐GAAP measures that exclude certain items in order to better assess operating performance and help investors compare results with our previous guidance. This document also references “free cash flow”, a non-GAAP measure, which the Company defines as cash flow from operations less additions to property, plant and equipment and purchased software. The Company’s non‐GAAP information is not necessarily comparable to the non‐GAAP information used by other companies. Non‐GAAP information should not be viewed as a substitute for, or superior to, net income or other data prepared in accordance with GAAP as a measure of the Company’s profitability or liquidity. Readers should consider the types of events and transactions for which adjustments have been made.

Today’s Speakers Bryan Schumaker EVP and Chief Financial Officer David Moezidis President & Chief Executive Officer

Second Quarter Summary GAAP AND NON-GAAP REVENUE $756M NON-GAAP OPERATING INCOME GROWTH 30% NON-GAAP EPS $0.75 NON-GAAP EPS GROWTH 36% Revenue and EPS exceeded high end of the prior guidance range Top line growth of 18% year-over-year led by double-digit performance in four of five sectors Achieved strong bookings during the quarter Raising full year revenue guidance to 13% growth, positioning us to achieve a record $3 billion in revenue * See APPENDIX 1 for a reconciliation of GAAP to non-GAAP Financial Results

Business Highlights Well-Positioned Portfolio Top line performance driven by double-digit growth in 4 of 5 sectors Each of our sectors are benefitting from multi-year demand drivers Growing product complexity has expanded our customer partnerships Customer Focus Driving Results Continued bookings momentum Organization-wide execution driving increased share of wallet Expanded strategic partnership with Ouster in next-gen physical AI Continued Financial Discipline Operating Income and EPS growing 1.5-2x faster than revenue in 2026 Generating positive Free Cash Flow while investing in future growth Strong balance sheet provides flexibility around capital allocation Further Investing in Growth Penang PT 4 investments on schedule Adding a new building in Thailand, scheduled for completion in late 2027 Investing in automation and AI to improve productivity

Financial Results (Non-GAAP) THREE MONTHS ENDED June 30 2025 THREE MONTHS ENDED March 31 2026 THREE MONTHS ENDED June 30 2026 (in millions, except per share) Revenue $642 $677 $756 Gross Margin 10.2% 10.3% 10.5% Operating Margin 4.7% 4.8% 5.2% Effective Tax Rate 24.3% 27.4% 26.6% EPS $0.55 $0.58 $0.75 * See APPENDIX 1 for a reconciliation of GAAP to non-GAAP Financial Results

Second Quarter 2026 Sector Performance 18% 29% 15% 17% 21% $756 MILLION Sales ($M) YoY Sector Mix Semi-Cap $223 17% Industrial 13% $161 Aerospace & Defense $111 (12%) Medical $134 22% AC&C $127 71%

Trended Non-GAAP Results Revenue $756M +18% YoY Q2-25 Q3-25 Q4-25 Q1-26 $756 Q2-26 Operating Income $39M +30% YoY Q2-25 Q3-25 Q4-25 Q1-26 $39 Q2-26 Operating Margin 5.2% +50 bps YoY Q2-25 Q3-25 Q4-25 Q1-26 5.2% Q2-26 Diluted EPS $0.75 +36% YoY Q2-25 Q3-25 Q4-25 Q1-26 $0.75 Q2-26 $0.58 $0.71 $0. 62 $0.55 $32 $39 $33 $30 $677 $681 $704 $642 4.8% 5.5% 4.8% 4.7% * See APPENDIX 1 for a reconciliation of GAAP to non-GAAP Financial Results

Balance Sheet and Cash Flow Update (in millions) Debt Structure Q2-26 Senior Secured Term Loan, net of $2 Debt Costs $144 Revolving Credit Facility Drawn Amount $37 Borrowing Capacity Available under Revolver $509 (1) Free Cash Flow (FCF), a non-GAAP measure, is defined as net cash provided by (used in) operations less capex Generated $22 million in Free Cash Flow while supporting investment in growth Balance sheet remains strong, with net cash at $134 million and over $500 million in available capacity Returned $6 million to investors in the quarter Q2-25 Q1-26 Q2-26 Cash Flows (Used) from Operations ($3) $47 $35 Free Cash Flow (Used) (1) ($15) $29 $22 Share Repurchases $8 $6 $0 Cash $265 $325 $315

Working Capital Trends Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Accounts Receivable Days 52 50 50 50 54 Contract Asset Days 25 26 23 25 23 Inventory Days 83 75 69 75 72 Accounts Payable Days (55) (56) (58) (67) (73) Customer Advance Payment Days (20) (18) (17) (16) (17) Cash Conversion Cycle Days 85 77 67 67 59

Q3 2026 Guidance Q3-26E Net Sales $755M to $795M Gross Margin – non-GAAP 10.5% to 10.7% Operating Margin – non-GAAP 5.3% to 5.5% Interest and Other Expenses ~$3.0M Non-operating Expenses $3.5M to $4.0M Stock-Based Compensation ~$8.4M Effective Tax Rate 26% to 27% Diluted EPS – GAAP $0.51 to $0.57 Diluted EPS – non-GAAP $0.76 to $0.82 Weighted-Average Shares ~36.4M

Sector Outlook Semi-Cap Expecting sequential and year-over-year acceleration in 2H 2026 Penang PT 4 ramping operations to support growth Share of wallet gains combined with strong underlying demand Industrial Excluding one-time benefit, performing in-line with expectations Continuing to win new programs, including a competitive take-away in the quarter Production ramp activities increasing as we exit 2026 Significant ramp in AI-related revenue from clustered AI and on-prem cloud Continue to expect strong year-over-year growth in 2026 Next-gen HPC opportunities anticipated to enter early production late Q4 into 2027 Advanced Computing & Communications Continues to track to expectations for double-digit growth Benefiting from end-market strength and new program ramps Broad-based engineering wins support future growth Medical 2026 tracking as expected, with 2H stronger than 1H Largest bookings quarter out of all our sectors in Q2, notably Defense and Space Positioned well for growth in 2027 Aerospace & Defense

Summary 1. Growth Expectations Continue to Improve Increasing 2026 outlook to 13% growth, which would position the Company to achieve a record $3 billion in revenue Four of five sectors are growing double-digits, with Semi-Cap and AC&C leading the upside Record bookings reflect continued success across existing and new customer relationships 2. Investing in Future Growth Ramping PT production in Penang and expanding Thailand to support future EMS growth Continuing to invest in our people and processes to efficiently deliver customer success 3. Operating Leverage Expected throughout 2026 Expecting Operating Income and Earnings to grow 1.5-2.0x faster than revenue Positioned for attractive operating leverage expansion in 2H vs 1H

Appendix

APPENDIX 1 – Reconciliation of GAAP to Non-GAAP (in thousands, except per share data – unaudited)

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