Renewed EU regulation and tariff threats are putting global tech stocks under a spotlight, while many US domestic focused technology companies sit slightly to one side of the crossfire. For investors sorting through the noise, the question is which stocks appear more insulated from these trade and regulatory headlines and which still carry meaningful exposure. This article examines how the latest EU actions and US tariff rhetoric could affect sentiment around certain US tech companies, and highlights 3 stocks from our screener that appear relatively better positioned in light of these developments.

Benchmark Electronics (BHE)

Overview: Benchmark Electronics is an outsourced design and manufacturing partner that helps original equipment manufacturers build complex products, from early engineering and prototyping through testing, assembly, and lifecycle services, across sectors such as advanced computing, aerospace and defense, industrial, medical, and semiconductor equipment.

Operations: Benchmark Electronics generates about US$1.26b of revenue from the Americas, US$1.19b from Asia and US$349.6m from Europe at the business segment level, with United States customers accounting for roughly US$1.45b of revenue geographically.

Market Cap: US$2.9b

Benchmark Electronics stands out in this screener because it is a North America centered electronics manufacturing partner that benefits from clients looking to keep sensitive production closer to home. This may look especially appealing while EU rules and tariff threats hang over larger global tech platforms. At the same time, Benchmark is exposed to higher growth areas such as AI data center hardware, medical devices, and industrial programs, but has recently faced pressure on margins, a high P/E multiple and a cautious view on cash flow. Add in recent insider selling and mixed recent revenue trends, and you have a stock where the upside case around resilient supply chains and advanced projects has to be weighed carefully against execution and valuation risks.

Benchmark Electronics’ margin pressure and high P/E might be masking a very different story around its advanced projects and cash generation. Before forming a view, scan the 1 key reward and 2 important warning signs

A10 Networks (ATEN)

Overview: A10 Networks provides hardware and software that keep critical applications and networks secure and running smoothly, including protection against DDoS attacks, web application threats, and tools that help large customers manage heavy internet and AI related traffic. Its products are used by telecoms, financial institutions, public sector bodies, and enterprises that need reliable, high performance security at the network edge.

Operations: A10 Networks generates about US$299.4m of revenue from computer services, with its sales spread across the United States, EMEA, Asia Pacific and Japan, and the rest of the Americas.

Market Cap: US$2.5b

A10 Networks sits in an interesting spot for this screener, with most of its business tied to securing AI era data traffic and critical infrastructure while still deriving a large share of revenue from US customers. This may limit direct fallout from EU digital rules and tariff headlines. The company combines a 20.2% ROE, recurring software and services income, and exposure to security budgets, but that story comes with tension points including a rich P/E multiple, recent earnings that moved in the wrong direction, insider selling, and reliance on external borrowing. For investors, the focus is on whether its AI focused security roadmap, recent acquisitions and buybacks can offset those risks and justify the current valuation.

A10 Networks appears to be a security pure play, and its rich P/E and 20.2% ROE may be telling two different stories. Get the full picture in the 1 key reward and 1 important warning sign

Flex (FLEX)

Overview: Flex Ltd. is a global manufacturing and supply chain partner that designs, builds, and services technology products for data centers, communications equipment, healthcare, industrial systems, power infrastructure, automotive electronics, and consumer devices across its Integrated Technology Solutions, Regulated Manufacturing Solutions, and Cloud and Power Infrastructure segments.

Operations: Flex generates about US$11.1b from Integrated Technology Solutions, US$10.2b from Regulated Manufacturing Solutions, and US$6.6b from Cloud and Power Infrastructure, with revenue diversified across major manufacturing hubs including the United States, Mexico, China, Malaysia, and other international locations.

Market Cap: US$43.4b

Flex stands out in this screener because it sits at the heart of AI data center build outs and regionalized manufacturing, backed by a broad portfolio that spans cloud power systems, automotive electronics, and regulated healthcare production. Earnings are described as high quality, revenue is forecast to grow faster than the wider US market, and recent corporate moves like the planned Power and Cloud spin off and S&P 500 inclusion have brought fresh attention to the stock. On the other side of the ledger, thin 3.2% net margins, reliance on external borrowing, customer concentration, and recent insider selling all mean expectations are high and execution needs to be tight, especially as tariffs and trade rules keep shifting in ways that could both help and pressure Flex at the same time.

Flex’s AI and power exposure may be obscuring a very different risk reward profile.

The three stocks covered here are just a starting point, as the full US Domestic-Focused Technology Companies screener surfaces 11 more US domestic focused technology companies with equally compelling stories around supply chain positioning, regulation exposure, and sector trends. Use Simply Wall St to identify, filter, and analyze the specific catalysts and narratives that matter to you, allowing you to focus on the highest conviction ideas in this corner of the market.

Take Control of Your Investment Journey

If Benchmark Electronics or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Alternatives Before Others?

New stock stories can move from quiet to breakout while most investors are still catching up. Consider these fresh ideas while they are under the radar for now.

• Spot income workhorses with sturdy payouts by scanning a curated pool of 9 dividend fortresses.
• Track high conviction infrastructure plays by reviewing the hand picked 35 power grid technology and infrastructure stocks while sentiment is still forming.
• Target resilient balance sheets by filtering through the focused list of solid balance sheet and fundamentals (49 results) before the crowd notices.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.