Bel Fuse Q1 sales rise 17%

Bel Fuse

29/04/2026 21:27

Overview

U.S. electronic components maker's preliminary Q1 sales rose 17.2%, beating analyst expectations

Preliminary non-GAAP net earnings attributable to shareholders increased year-over-year, while GAAP net earnings fell

Company completed dataMate acquisition and realigned business units to expand product offerings

Outlook

Bel Fuse sees Q2 sales of $195 mln to $215 mln

Company expects Q2 gross margin of 38%-40%

Company says robust bookings and higher demand from defense, air, space, and data solutions support Q2 outlook

Result Drivers

BROAD-BASED MOMENTUM - Co said Q1 sales growth was driven by broad-based momentum and favorable product mix

DATAMATE ACQUISITION - Co said March acquisition of dataMate added new customers, differentiated technology, and strong talent to expand data solutions capabilities

AI-RELATED DEMAND - Co said improving momentum in datacenter connectivity and high-performance compute tied to AI-driven investment supported opportunities in power conversion, protection, and high-speed interconnect

Company press release: ID:nGNX3PYKng

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$178.50 mln
$170.33 mln (3 Analysts)

Analyst Coverage

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)