Littelfuse Q3 sales rise 23% on electronics segment strength

Littelfuse

28/10/2026 11:19

Overview
US industrial technology maker's Q3 net sales rose 23% yr/yr but missed analyst expectations
Adjusted diluted EPS for Q3 rose 96% yr/yr to a record high
Company announced a quarterly dividend of $0.80 per share

Outlook
Littelfuse expects Q4 net sales of $750 mln to $770 mln
Company sees Q4 adjusted diluted EPS of $5.05 to $5.25
Company anticipates Q4 adjusted effective tax rate of about 24%

Result Drivers
ELECTRONICS SEGMENT GROWTH - Organic sales in electronics rose 27%, driven by higher volumes in passive products and semiconductors
INDUSTRIAL SEGMENT EXPANSION - Industrial sales jumped 65%, with 27% organic growth and a 38% contribution from the Basler Electric acquisition
COMMERCIAL VEHICLE DEMAND - Transportation segment growth was supported by a 20% rise in commercial vehicle sales, offsetting lower passenger vehicle sales

Company press release: ID:nBw9Vmqy5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$766.73 mln
$792.49 mln (3 Analysts)
Q3 Net Income
 
$115.38 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"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Littelfuse, Inc. is $510.00, about 33.2% above its October 27 closing price of $383.00
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 28 three months ago

Reuters Recommended Reads
Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook
Oct 27 - Netherlands' NXP Semiconductors Q3 revenue rises 19%, slightly beats estimates
Oct 27 - Corning beats Q3 core sales, EPS estimates

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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.)