Bel Fuse prelim Q2 sales rise 25% on defense, data demand

Bel Fuse

29/07/2026 21:57

Overview
U.S. electronic components maker's preliminary Q2 sales rose 25% yr/yr on defense, data demand
Gross margin for preliminary Q2 improved to 39.9% from 38.7% a year earlier
Company raised $441.6 mln in equity, paid down $197.5 mln of debt

Outlook
Bel Fuse expects Q3-26 sales of $205 mln to $225 mln
Company sees Q3-26 gross margin between 39% and 41%
Bel Fuse says expanded European footprint and strong balance sheet support future growth

Result Drivers
DEFENSE AND DATA DEMAND - Co said Q2 sales growth was driven by defense and data solutions demand and continued distribution recovery, per CEO Farouq Tuweiq
EUROPEAN EXPANSION - Co said its Slovakia site achieved defense-manufacturer qualification to support Enercon integration and European expansion
OPERATIONAL MILESTONES - Co cited completion of DataMate facility transition and ERP conversion as key operational milestones in the quarter

Company press release: ID:nGNX6J4vqx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$210.70 mln
$202.50 mln (2 Analysts)
Q2 GAAP Net Earnings Attributable to Bel shareholders
 
$25.50 mln
 
Q2 Gross Margin
 
39.9%
 

Analyst Coverage
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

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July 28 - Electrical equipment maker Hubbell lifts profit forecast amid demand from data centers

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)