Form 8-K

8-K — BENCHMARK ELECTRONICS INC

Accession: 0001193125-26-191967

Filed: 2026-04-29

Period: 2026-04-29

CIK: 0000863436

SIC: 3672 (PRINTED CIRCUIT BOARDS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — bhe-20260429.htm (Primary)

EX-99.1 (bhe-ex99_1.htm)

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8-K

8-K (Primary)

Filename: bhe-20260429.htm · Sequence: 1

8-K

false000086343600008634362026-04-292026-04-29

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): April 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 April 29, 2026, Benchmark Electronics, Inc. (the “Company”) issued a press release announcing its results of operations for the quarter ended March 31, 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 April 29, 2026

99.2

Investor presentation, dated April 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:

April 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 FIRST QUARTER 2026 RESULTS AND RAISES FULL YEAR OUTLOOK

TEMPE, AZ, April 29, 2026 – Benchmark Electronics, Inc. (NYSE: BHE) today announced financial results for the first quarter ended March 31, 2026.

First quarter 2026 results and 2026 outlook:

•

Revenue of $677 million

•

Diluted GAAP earnings per share of $0.36

•

Diluted non-GAAP earnings per share of $0.58

•

Operating cash flow of $47 million with free cash flow of $29 million

•

Increasing full year revenue growth outlook to 9-10%

“Our first quarter results have increased our confidence in 2026 and are a clear sign of the benefits from the customer‑first initiatives we began implementing over two years ago and continue to build on today,” said David Moezidis, Benchmark’s President and CEO.

Moezidis continued, “We are seeing improvement across a broad cross‑section of our business, led by strengthening in Semi‑Cap and continued momentum in AC&C and Medical. This positions us for sequential and year‑over‑year growth through the remainder of the year, with full year revenue now expected to be in the 9–10% range, up from prior expectations of mid‑single‑digit growth."

Three Months Ended

Summary GAAP Items

March 31,

December 31,

March 31,

(Amounts in millions, except per share data)

2025

2026

Revenue

632

704

677

Gross Margin

10.0

10.5

10.2

Operating Margin

1.9

2.9

3.2

Diluted EPS

0.10

0.17

0.36

Three Months Ended

Summary Non-GAAP Items(1)

March 31,

December 31,

March 31,

(Amounts in millions, except per share data)

2025

2026

Revenue

632

704

677

Gross Margin

10.1

10.6

10.3

Operating Margin

4.6

5.5

4.8

Diluted EPS

0.52

0.71

0.58

(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.

First Quarter and Fiscal Year Revenue by Sector

Three Months Ended

March 31,

December 31,

March 31,

(In millions)

2025

2026

Semi-Cap

195

171

191

Industrial

137

144

133

A&D

122

137

120

Medical

104

144

128

AC&C

108

105

Total

632

100

704

100

677

100

Cash Conversion Cycle

Three Months Ended

March 31,

December 31,

March 31,

2025

2026

Days in accounts receivable

Days in contract asset

Days in inventory

Days in accounts payable

(61

)

(58

)

(67

)

Days in advance payments from customers

(20

)

(17

)

(16

)

Days in cash conversion cycle

Second Quarter 2026 Guidance

•

Revenue between $700 million and $740 million

•

Diluted GAAP earnings per share between $0.51 and $0.57

•

Diluted non-GAAP earnings per share between $0.65 and $0.71

•

Non-GAAP earnings per share guidance excludes stock-based compensation expense of approximately $6.1 million and other non-operating expenses of $0.8 million to $1.2 million, which includes restructuring, amortization of intangibles and other expenses.

First 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 (AC&C), aerospace and defense (A&D), industrial, medical, and semiconductor capital equipment (Semi-Cap). Benchmark’s global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.

For More Information, Please Contact:

Paul Mansky, Investor Relations and Corporate Development

1-623-300-7052 or paul.mansky@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 second 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 the Company’s expectations regarding restructuring charges, stock-based compensation expense, amortization of intangibles, and capital expenditures, 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. Events relating to the possibility of customer demand fluctuations, supply chain constraints, continuing inflationary pressures, the effects of foreign currency fluctuations and high interest rates, the potential of another U.S. government shutdown and the economic impacts, volatility and uncertainty resulting therefrom, geopolitical uncertainties including continuing hostilities and tensions, 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

(Amounts in Thousands, Except Per Share Data)

(UNAUDITED)

Three Months Ended

March 31,

2025

2026

Sales

631,764

677,280

Cost of sales

568,584

608,046

Gross profit

63,180

69,234

Selling, general and administrative expenses

38,800

42,409

Amortization of intangible assets

1,204

Restructuring charges and other costs

11,417

3,747

Income from operations

11,759

21,874

Interest expense

(5,295

)

(3,649

)

Interest income

2,732

1,900

Other expense, net

(802

)

(1,703

)

Income before income taxes

8,394

18,422

Income tax expense

4,750

5,399

Net income

3,644

13,023

Earnings per share:

Basic

0.10

0.36

Diluted

0.10

0.36

Weighted-average number of shares outstanding:

Basic

36,052

35,766

Diluted

36,605

36,276

Benchmark Electronics, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In Thousands)

(UNAUDITED)

December 31,

March 31,

2025

2026

Assets

Current assets:

Cash and cash equivalents

322,064

324,908

Restricted cash

336

333

Accounts receivable, net

391,101

375,902

Contract assets

182,870

190,934

Inventories

482,544

507,447

Prepaid expenses and other current assets

69,226

60,461

Total current assets

1,448,141

1,459,985

Property, plant and equipment, net

223,784

235,086

Operating lease right-of-use assets

102,664

104,725

Goodwill and other long-term assets

297,126

296,397

Total assets

2,071,715

2,096,193

Liabilities and Shareholders’ Equity

Current liabilities:

Current installments of long-term debt

3,750

Accounts payable

403,222

451,146

Advance payments from customers

115,545

110,966

Accrued liabilities

113,060

103,359

Total current liabilities

635,577

669,221

Long-term debt, net of current installments

206,826

201,030

Operating lease liabilities

98,689

99,546

Other long-term liabilities

30,820

29,895

Total liabilities

971,912

999,692

Shareholders’ equity

1,099,803

1,096,501

Total liabilities and shareholders’ equity

2,071,715

2,096,193

Benchmark Electronics, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(In Thousands)

(UNAUDITED)

Three Months Ended

March 31,

2025

2026

Cash flows from operating activities:

Net income

3,644

13,023

Depreciation and amortization

11,768

11,902

Stock-based compensation expense

4,397

5,401

Accounts receivable

39,870

14,170

Contract assets

(4,410

)

(8,064

)

Inventories

(5,182

)

(25,558

)

Accounts payable

24,194

42,323

Advance payments from customers

(15,755

)

(4,579

)

Other changes in working capital and other, net

(27,023

)

(1,590

)

Net cash provided by operating activities

31,503

47,028

Cash flows from investing activities:

Additions to property, plant and equipment and software

(4,156

)

(18,270

)

Other investing activities, net

2,172

Net cash used in investing activities

(4,106

)

(16,098

)

Cash flows from financing activities:

Share repurchases

(7,996

)

(5,799

)

Net debt activity

18,312

(5,938

)

Other financing activities, net

(12,785

)

(14,163

)

Net cash used in financing activities

(2,469

)

(25,900

)

Effect of exchange rate changes

2,385

(2,189

)

Net increase in cash and cash equivalents and restricted cash

27,313

2,841

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

355,340

325,241

Benchmark Electronics, Inc. and Subsidiaries

Reconciliation of GAAP to Non-GAAP Financial Results

(Amounts in Thousands, Except Per Share Data)

(UNAUDITED)

Three Months Ended

March 31,

Dec 31,

March 31,

2025

2026

Income from operations (GAAP)

11,759

20,143

21,874

Restructuring charges and other costs

1,342

2,952

3,747

Stock-based compensation expense

4,397

2,121

5,401

Amortization of intangible assets

1,204

Asset impairments

—

11,102

—

Legal and other settlement loss

10,275

1,174

154

Other

—

Non-GAAP income from operations

28,977

38,756

32,380

GAAP operating margin

1.9

2.9

3.2

Non-GAAP operating margin

4.6

5.5

4.8

Gross profit (GAAP)

63,180

74,169

69,234

Stock-based compensation expense

431

498

559

Non-GAAP gross profit

63,611

74,667

69,793

GAAP gross margin

10.0

10.5

10.2

Non-GAAP gross margin

10.1

10.6

10.3

Selling, general and administrative expenses

38,800

38,769

42,409

Stock-based compensation expense

(3,966

)

(1,622

)

(4,842

)

Legal and other settlement loss

(200

)

(1,174

)

(154

)

Other

—

(60

)

—

Non-GAAP selling, general and administrative expenses

34,634

35,913

37,413

Net income (GAAP)

3,644

5,973

13,023

Restructuring charges and other costs

1,342

2,952

3,747

Stock-based compensation expense

4,397

2,121

5,401

Amortization of intangible assets

1,204

Asset impairments

—

11,102

—

Legal and other settlement loss

10,275

1,174

154

Other

—

Income tax adjustments(1)

(1,645

)

1,182

(2,525

)

Non-GAAP net income

19,217

25,768

21,004

Diluted earnings per share:

Diluted (GAAP)

0.10

0.17

0.36

Diluted (Non-GAAP)

0.52

0.71

0.58

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

Diluted (GAAP)

36,605

36,193

36,276

Diluted (Non-GAAP)

36,605

36,193

36,276

Net cash provided by operations

31,503

58,676

47,028

Additions to property, plant and equipment and software

(4,156

)

(10,590

)

(18,270

)

Free cash flow

27,347

48,086

28,758

(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 First Quarter Fiscal Year 2026 Results April 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 second 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 repurchases of shares of its common stock, regarding enterprise AI opportunities, anticipated growth in bookings, the Company’s expectations regarding restructuring charges, stock-based compensation expense, amortization of intangibles, capital expenditures, and the Company’s intentions concerning the payment of dividends, 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. Events relating to the possibility of customer demand fluctuations, supply chain constraints, continuing inflationary pressures, the effects of foreign currency fluctuations and high interest rates, the potential of another U.S. government shutdown and the economic impacts, volatility and uncertainty resulting therefrom, geopolitical uncertainties including continuing hostilities and tensions, 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

First Quarter Results and Outlook GAAP AND NON-GAAP REVENUE $677M NON-GAAP GROSS MARGIN 10.3% NON-GAAP EPS $0.58 NON-GAAP OPERATING MARGIN 4.8% Revenue and non-GAAP EPS achieved higher end of the guidance range Performance led by strength in Medical, AC&C and Semi-Cap Increasing 2026 revenue growth outlook to 9-10% Operating margin expansion expected to grow EPS faster than revenue throughout the year * See APPENDIX 1 for a reconciliation of GAAP to non-GAAP Financial Results

Business Highlights Well-Positioned Portfolio Momentum across multiple markets High complexity delivering attractive gross margin Sector balance positions for sustainable growth Customer Focus Driving Results Sustained bookings momentum and improved program mix Expanded share of wallet and program wins across strategic customers Execution driving growth across multiple sectors Continued Financial Discipline Operating Income and earnings expected to grow faster than revenue Working capital management driving Free Cash Flow generation Consistent capital allocation approach Investing in Growth Expanding PT and cleanroom capacity Continuing to invest in our people Advancing automation and AI to improve manufacturing productivity

Financial Results (Non-GAAP) THREE MONTHS ENDED March 31 2025 THREE MONTHS ENDED December 31 2025 THREE MONTHS ENDED March 31 2026 ($ MILLIONS) Revenue $632 $704 $677 Gross Margin 10.1% 10.6% 10.3% Operating Margin 4.6% 5.5% 4.8% Effective Tax Rate 25.0% 25.4% 27.4% EPS $0.52 $0.71 $0.58 * See APPENDIX 1 for a reconciliation of GAAP to non-GAAP Financial Results

First Quarter 2026 Sector Performance 19% 28% 18% 15% 20% $677 MILLION Sales ($MM) YoY Sector Mix Semi-Cap $191 (2%) Industrial (3%) $133 Aerospace & Defense $120 (2%) Medical $128 24% AC&C $105 41%

Trended Non-GAAP Results (Dollars in Millions, except EPS) * See APPENDIX 1 for a reconciliation of GAAP to non-GAAP Financial Results

Balance Sheet and Cash Flow Update Debt Structure (In Millions) Q1-26 Senior Secured Term Loan, net of $2 Debt Costs $145 Revolving Credit Facility Drawn Amount $60 Borrowing Capacity Available under Revolver $486 (1) Free Cash Flow (FCF), a non-GAAP measure, is defined as net cash provided by (used in) operations less capex Generated $29 million in Free Cash Flow while supporting investment in growth Balance sheet remains strong, with net cash at $120 million Returned $12 million to investors through $6 million of repurchases and $6 million in recurring dividend (In Millions) Q1-25 Q4-25 Q1-26 Cash Flows from Operations $32 $59 $47 Free Cash Flow (1) $27 $48 $29 Share Repurchases $8 $1 $6 Cash $355 $322 $325

Working Capital Trends Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Accounts Receivable Days 53 52 50 50 50 Contract Asset Days 25 25 26 23 25 Inventory Days 89 83 75 69 75 Accounts Payable Days (61) (55) (56) (58) (67) Advance Payments from Customers Days (20) (20) (18) (17) (16) Cash Conversion Cycle Days 86 85 77 67 67

Q2 2026 Guidance Q2-26E Net Sales $700M to $740M Gross Margin – non-GAAP 10.4% to 10.6% Operating Margin – non-GAAP 5.1% to 5.3% Interest and Other Expenses ~$3.5M Non-operating Expenses $0.8M to $1.2M Stock-Based Compensation ~$6.1M Effective Tax Rate 26% to 27% Diluted EPS – GAAP $0.51 to $0.57 Diluted EPS – non-GAAP $0.65 to $0.71 Weighted-Average Shares ~36.3M

Sector Outlook Semi-Cap Cyclical improvement expected to continue Penang 4 ramping operations to support 2026 growth Expecting sequential and year-over-year growth throughout rest of 2026 Industrial In line with steady performance for the year Transportation, construction and agriculture showing strength Improved global macro could bolster sector performance Expecting significant growth in 2026 Strong momentum in enterprise AI clusters and on-prem cloud infrastructure Won Supplier of the Year at HPE Advanced Computing & Communications Double-digit growth expected to continue MedTech bookings support longer-term growth Benefiting from end-market strength and new program ramps Medical Commercial air remains stable Defense moderating after two years of double-digit growth Momentum in space applications continues Aerospace & Defense

Summary 1. Ahead of Initial Growth Expectations Semi-Cap cycle is proving out and AI-related opportunities in AC&C are scaling Medical strength continues, while Industrial and A&D are tracking as expected Increasing 2026 growth outlook from mid-single digits to 9-10% 2. Positioned to Deliver Operating Leverage Expecting Operating Income and Earnings to grow faster than revenue Sequential and year-over-year Operating Income and EPS growth throughout the remainder of the year 3. Continuing to Invest Expanding capacity to meet our customers' growing needs Investing in our people to deliver customer success Advancing automation and AI to improve manufacturing productivity

Appendix

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

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