Benchmark Electronics (NYSE: BHE) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Benchmark Electronics beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share dropped. GAAP earnings per share dropped significantly.

Gross margins were steady, operating margins dropped, net margins shrank.

Revenue details
Benchmark Electronics booked revenue of $607.5 million. The six analysts polled by S&P Capital IQ predicted sales of $573.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.31. The seven earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. Non-GAAP EPS of $0.31 for Q2 were 3.1% lower than the prior-year quarter's $0.32 per share. GAAP EPS of $0.16 for Q2 were 33% lower than the prior-year quarter's $0.24 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 7.3%, much about the same as the prior-year quarter. Operating margin was 3.5%, 20 basis points worse than the prior-year quarter. Net margin was 1.4%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $582.3 million. On the bottom line, the average EPS estimate is $0.29.

Next year's average estimate for revenue is $2.32 billion. The average EPS estimate is $1.11.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 160 members out of 172 rating the stock outperform, and 12 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Benchmark Electronics a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Benchmark Electronics is underperform, with an average price target of $16.46.

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