TEMPE, AZ – Benchmark Electronics posted $681 million in third-quarter revenue, rising 3.5% from the same period last year and landing at the top end of its outlook. 

Leadership pointed to improved performance across most of its end markets, supported by steady bookings and early demand tied to enterprise AI programs expected to scale into 2026. Segment results showed strength in industrial, medical, and aerospace and defense, while semiconductor capital equipment remained the largest contributor at roughly 27% of quarterly revenue.

Benchmark noted continued progress in tightening its cash conversion cycle, which improved to 77 days compared with 90 days a year earlier, driven by lower inventory levels and stronger payables performance.

For the fourth quarter, the company expects revenue between $670 million and $720 million.