Littelfuse Q2 revenue beats estimates on semiconductor demand; lifts dividend

Littelfuse

29/07/2026 12:09

Overview
US industrial technology firm's Q2 revenue rose 20%, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company raised quarterly dividend by 7%

Outlook
Littelfuse expects Q3 net sales in the range of $780-$800 mln
Company sees Q3 adjusted diluted EPS between $4.85 and $5.05
Littelfuse says Q3 revenue growth supported by record bookings and Basler acquisition

Result Drivers
ELECTRONICS SEGMENT GROWTH - Electronics segment sales rose 21%, driven by higher demand for passive products and semiconductors
INDUSTRIAL SEGMENT EXPANSION - Industrial segment sales rose 52%, with organic growth from data center, HVAC, automation and construction demand, and a 36% contribution from the Basler acquisition
TRANSPORTATION SEGMENT MIXED PERFORMANCE - Transportation segment sales grew 2% as commercial vehicle demand offset lower passenger vehicle sales

Company press release: ID:nBw2Zv7xja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$738.78 mln
$703.38 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$4.19
$3.78 (3 Analysts)
Q2 Net Income
 
$89.41 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Littelfuse Inc is $510.00, about 30.1% above its July 28 closing price of $392.05
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
July 28 - Rogers Q2 adjusted EPS misses analyst expectations despite high industrial, electronics demand
July 27 - Element Solutions Q2 sales beat estimates on electronics segment strength 
July 28 - Illinois Tool Works raises annual profit forecast on strong industrial demand

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.)