The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago
Drivers of the quarter
Defense and data demand - Co said Q2 sales growth was driven by defense and data solutions demand and continued distribution recovery, per CEO Farouq Tuweiq
European expansion - Co said its Slovakia site achieved defense-manufacturer qualification to support Enercon integration and European expansion
Operational milestones - Co cited completion of DataMate facility transition and ERP conversion as key operational milestones in the quarter
Outlook for third quarter
Bel Fuse expects Q3-26 sales of $205 mln to $225 mln
Company sees Q3-26 gross margin between 39% and 41%
Bel Fuse says expanded European footprint and strong balance sheet support future growth
Preliminary second-quarter results
U.S. electronic components maker's preliminary Q2 sales rose 25% yr/yr on defense, data demand
Gross margin for preliminary Q2 improved to 39.9% from 38.7% a year earlier
