Bel Fuse Q1 Net Sales Rise 17.2%, Guides Q2 Sales of $195M-$215M
Bel Fuse generated Q1 net sales of $178.5 million, up 17.2% year-over-year, gross margin of 39.0% and non-GAAP net earnings of $22.8 million. The company closed its dataMate acquisition, realigned business units and guided Q2 sales of $195 million to $215 million with gross margin between 38% and 40%.
1. Q1 Financial Results
Bel Fuse reported first-quarter net sales of $178.5 million, a 17.2% increase over Q1 2025, and improved gross margin to 39.0%. GAAP net earnings were $11.4 million, while non-GAAP net earnings reached $22.8 million; adjusted EBITDA totaled $34.5 million, representing 19.3% of sales.
2. Strategic Initiatives
In March 2026 Bel Fuse completed the acquisition of dataMate, adding new customers and technology to its Industrial Technology & Data Solutions segment. Concurrently, the company realigned its business units to enhance go-to-market coordination across engineering, operations and commercial teams.
3. Second Quarter Guidance
Bel Fuse forecasts second-quarter net sales between $195 million and $215 million, with gross margin expected to range from 38% to 40%, driven by robust bookings and growing demand in defense, aerospace, space and data infrastructure markets.