Bel Fuse Q4 sales rise 17.4%, gross margin improves

Bel Fuse

17/02/2026 21:21

Overview

U.S. electronics manufacturer's preliminary Q4 net sales rose 17.4% yr/yr

Non-GAAP net earnings for Q4 rose to $24.9 mln, driven by strong demand

Company's Q4 gross profit margin improved to 39.4% from 37.5% yr/yr

Outlook

Bel Fuse estimates Q1-26 net sales of $165 mln to $180 mln

Company expects Q1-26 gross margin to remain in the 37% to 39% range

Bel Fuse anticipates seasonality impact due to Chinese New Year in Q1-26

Result Drivers

DEMAND INCREASE - Strong demand in commercial aerospace and defense sectors contributed to sales growth, according to CEO Farouq Tuweiq

MARGIN IMPROVEMENT - Gross profit margin improvement attributed to increased sales in Power Solutions and Protection, and Connectivity Solutions

IMPAIRMENT IMPACT - $13.1 mln non-cash impairment related to Innolectric investment affected GAAP net income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$175.90 mln
$167.75 mln (2 Analysts)
Q4 Net Income
-$5.40 mln
Q4 Gross Margin
39.40%


Analyst Coverage

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nGNX8TJnF6

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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.)