Belden Q1 revenue beats estimates

Belden

30/04/2026 12:18

Overview

US specialty networking supplier's fiscal Q1 revenue rose 11%, beating analyst expectations

Adjusted EPS for fiscal Q1 increased 11%, beating analyst expectations

Outlook

Belden sees Q2 2026 revenues between $735 mln and $750 mln

Company expects Q2 2026 GAAP EPS of $1.53 to $1.63

Result Drivers

SOLUTIONS STRATEGY - Co said revenue growth reflected continued momentum in its solutions strategy and solid execution across the business

CUSTOMER INVESTMENT - Co said customers continue to invest in digitization, automation and IT/OT convergence, supporting demand for its networking solutions

Company press release: ID:nBw9ZgCnPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$696 mln
$683.11 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$1.77
$1.70 (5 Analysts)
Q1 EPS
$1.30
Q1 Adjusted EBITDA
$118 mln
Q1 Adjusted EBITDA Margin
17.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Belden Inc is $172.50, about 35.3% above its April 29 closing price of $127.50

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 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.)