Bel Fuse Q2 sales rise 25.1% to $210.7 million; GAAP profit slips
Bel Fuse reported preliminary second-quarter 2026 sales of $210.7 million, up 25.1% from a year earlier, with gross margin of 39.9%. GAAP net earnings attributable to Bel shareholders were $25.5 million, down from $26.9 million, while non-GAAP net earnings rose to $39.1 million from $21.0 million. The company also guided third-quarter 2026 sales to $205 million to $225 million and gross margin to 39% to 41%, and it completed an equity offering that raised $441.6 million in net proceeds.
Key points
- Q2 2026 net sales of $210.7 million vs. $168.3 million in Q2 2025; gross margin 39.9% vs. 38.7%
- GAAP net earnings attributable to Bel shareholders of $25.5 million vs. $26.9 million; non-GAAP $39.1 million vs. $21.0 million
- Adjusted EBITDA of $48.9 million (23.2% of sales) vs. $35.2 million (20.9%) a year earlier
- Q3 2026 guidance: sales of $205 million to $225 million and gross margin of 39% to 41%, assuming current market conditions continue
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.