TEMPE, AZ -- Benchmark Electronics today announced second quarter revenue of $728 million, up 34% year-over-year. For the three months ended Jun 30, the EMS company GAAP operating income up 110% year-over-year, and net income rose $10 million, reaching $17 million.
GAAP operating margin was up 110 basis points to 3.1%.
Computing revenue was up 73% year-over-year, industrials was up 59%, medical revenue grew 53%, and semi-cap revenue was up 26%.
"The second quarter continued to demonstrate our ability to execute on our growth strategy despite ongoing supply chain challenges" said Jeff Benck, president and CEO, Benchmark.
"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."
"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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