Benchmark Electronics (BHE) 28th Annual Needham Growth Conference Virtual summary

Leadership transition and organizational updates

• CEO transition set for April 1, with the outgoing CEO remaining as special advisor for a year.

• New Chief Commercial Officer and CTO appointed, both bringing deep EMS and technology expertise.

• Recent organizational changes aim to strengthen commercial and technical leadership.

Sector performance and strategic outlook

• Semi-cap equipment is the largest sector, with anticipated growth resuming in the second half of 2026 after a two-year slowdown.

• Medical sector has rebounded after an extended channel clearing, with recent program wins accelerating revenue.

• Aerospace & Defense has shown stable double-digit growth, expected to normalize but remain strong.

• Industrial sector remains steady, with significant market opportunities and personal leadership focus.

• Advanced communications and compute sector is seeing renewed interest due to AI and high-performance computing.

AI, technology, and customer engagement

• Experience in high-performance computing and water-cooled infrastructure positions the company for sovereign AI and government projects.

• AI-related opportunities expected to materialize more directly in 2026, especially in custom and on-premise solutions.

• Customer engagement strategies include a balanced focus on existing and new customers, driving multi-year record bookings.