Benchmark Electronics Inc

Benchmark Electronics raised its full-year 2026 revenue outlook to $3 billion, representing approximately 13% growth and a historical high for the company. The guidance increase follows second-quarter revenue of $756 million, up 18% year-over-year, and non-GAAP earnings per share of $0.75, which grew 36% and exceeded the high end of prior guidance. For the third quarter, the company expects revenue between $755 million and $795 million and non-GAAP diluted earnings per share of $0.76 to $0.82, with non-GAAP gross margin of 10.5% to 10.7% and non-GAAP operating margin of 5.3% to 5.5%. CEO David Moezidis cited improving demand across most markets and record bookings, while CFO Bryan Schumaker noted that the Advanced Computing and Communications segment grew 71% year-over-year driven by AI-related program wins. Management also flagged a tight supply chain with component lead times extending to as long as 12 months in some areas.

Ouster shares jumped more than 28% on June 29, extending a multi-week rally that has taken the stock to near $55. The move follows an expanded manufacturing partnership with Benchmark Electronics, under which Ouster is committed to building more than 100,000 Rev8 OS digital lidar sensors per year over a 10-year horizon, targeting industrial, robotics, automotive, and smart infrastructure customers. Ouster also signed a multi-year agreement with AIM Intelligent Machines to supply Rev8 native-color lidar for autonomous heavy equipment, targeting retrofitting mining, construction, and defense machinery into self-driving fleets. A separate collaboration with FieldAI puts Rev8 lidar into general-purpose robots built for unstructured environments, broadening Ouster's addressable market beyond passenger vehicles. Additionally, Ouster's BlueCity traffic management platform has gone live at more than 40 highway sites near MetLife Stadium ahead of FIFA World Cup matches, adding roughly 4% to the stock on the announcement. Despite the rally, Ouster remains unprofitable, with about $169 million in revenue over the past year and ongoing cash burn, though it has little debt and ample cash on hand.