Belden Q4 Revenue Tops $720M with Record $2.08 EPS
Belden generated fourth-quarter revenue of $720.12 million, topping estimates by over $23 million, and delivered record adjusted EPS of $2.08, up 8% year over year. Full-year revenue reached $2.7 billion (+10% YoY) and adjusted EPS rose 19% to $7.54, while repurchasing 1.7 million shares for $195 million.
1. Fourth-Quarter Results
Belden reported Q4 revenue of $720.12 million versus consensus of $696.97 million, marking a 3.3% beat, and delivered record adjusted EPS of $2.08, up 8% year over year. Management cited strong order execution and expanded market traction as drivers of sequential and annual growth.
2. Full-Year Performance and Capital Allocation
Full-year revenue reached $2.7 billion, a 10% increase year over year, while adjusted EPS climbed 19% to $7.54. The company generated $219 million in free cash flow, ended the year with 1.9x net leverage, and repurchased 1.7 million shares for $195 million, with $145 million remaining under authorization.
3. 2026 Outlook
Belden guided Q1 2026 revenue to $675 million–$690 million and adjusted EPS of $1.65–$1.75, factoring in typical seasonality and an estimated 2% year-over-year foreign exchange tailwind. The outlook reflects management’s confidence in sustained market demand and operational momentum.
4. Business Positioning
Founded in 1902, Belden designs and distributes networking, security, and connectivity solutions for industrial automation and critical infrastructure. Its Automation Solutions segment supports smart factories and Industry 4.0 deployments, underpinning durable demand as enterprises digitize operations.