Bel Fuse reported second-quarter 2026 net sales of $210.7 million and GAAP net earnings attributable to Bel shareholders of $25.5 million. The company posted a gross profit margin of 39.9% and adjusted EBITDA of $48.9 million (23.2% of sales). Bel Fuse also raised $441.6 million in net proceeds from an equity offering and used $197.5 million to pay down debt.

Financial Highlights

  • Revenue: Net sales of $210.7 million for Q2-2026, up from $168.3 million in Q2-2025.
  • Gross profit and margin: Gross profit of $83.967 million; gross margin 39.9% for Q2-2026 (vs. 38.7% in Q2-2025).
  • Operating income: Income from operations of $38.419 million for Q2-2026 (18.2% of sales).
  • Net income: GAAP net earnings attributable to Bel shareholders of $25.480 million for Q2-2026; GAAP net earnings (company-wide) $33.975 million.
  • Non-GAAP / EBITDA: Non-GAAP net earnings attributable to Bel shareholders of $39.140 million for Q2-2026; Adjusted EBITDA of $48.870 million (23.2% of sales).

Business Highlights

  • Segment performance: Aerospace, Defense & Rugged Solutions sales of $110.457 million and Industrial Technology & Data Solutions sales of $100.228 million in Q2-2026, representing 20.3% and 31.1% year-over-year growth respectively by segment.
  • Operational milestones: DataMate completed its facility transition and ERP conversion during the quarter.
  • Manufacturing qualification: Slovakia site achieved defense-manufacturer qualification to support the Enercon integration and European expansion.
  • Capital and strategic actions: Completed an equity offering raising $441.6 million to support repayment of debt, acquisition of the remaining 20% of Enercon, and future M&A and growth initiatives.
  • Orders and outlook: Bookings remained healthy and the company provided Q3-2026 guidance of sales between $205 million and $225 million with gross margin of 39% to 41% assuming current market conditions continue.

Original SEC Filing:

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