Bel Fuse Q1 Sales Jump 17.2% to $178.5M, Adjusted EBITDA $34.5M
Bel Fuse reported Q1 net sales of $178.5 million, up 17.2% year-over-year, and GAAP net income of $11.4 million (91 cents per share), beating the $170.5 million consensus estimate. Non-GAAP EPS climbed to $1.81 and adjusted EBITDA reached $34.5 million, marking margin stability at 19.3%.
1. Q1 2026 Financial Results
Bel Fuse posted net sales of $178.5 million in Q1 2026, a 17.2% increase year-over-year. GAAP net income was $11.4 million (91 cents per share), while non-GAAP net earnings rose to $22.8 million ($1.81 per share), and adjusted EBITDA reached $34.5 million (19.3% of sales) on a 39.0% gross margin.
2. Business Unit Realignment and Acquisition
In March 2026, the company completed its acquisition of dataMate, adding new technology and talent to its data solutions portfolio. Concurrently, Bel Fuse realigned its business units to better match customer buying patterns, aiming for integrated selling and faster decision-making across engineering, operations and commercial teams.
3. Segment Momentum in Key Markets
Within Aerospace Defense & Rugged Solutions, two new European defense design contracts are advancing through final certification, alongside a bundled Cinch and Enercon agreement in the U.S. In Industrial Technology & Data Solutions, demand remains strong for networking and data infrastructure, particularly in datacenter connectivity and AI-driven high-performance computing.
4. Q2 2026 Guidance
For Q2 2026, Bel Fuse forecasts net sales between $195 million and $215 million with a gross margin range of 38% to 40%, driven by robust bookings and rising demand across defense, commercial air, space and data solutions markets.