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Littelfuse
(NASDAQ:LFUS)
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Rating:73Outperform
Price Target:
$508.00
▲(25.48% Upside)
Action:Upgraded
Date:08/12/26
LFUS scores well primarily on strong cash generation and a conservative balance sheet, reinforced by a very upbeat earnings call with strong growth/EPS guidance and demand indicators (record bookings, book-to-bill >1). Offsetting these positives are still-depressed reported profitability (negative net margin) and limited valuation support given the negative P/E and modest dividend yield.
Positive Factors
Robust cash generation
Sustained high operating and free cash flow gives Littelfuse durable financial flexibility: supports reinvestment, M&A, dividends and share returns, and helps absorb cyclical revenue swings. Strong FCF growth implies internal funding for strategic initiatives without relying on leverage.
Negative Factors
Depressed reported profitability
Despite revenue gains and solid gross margins, negative net margins and thin EBIT indicate earnings have not normalized. Persistent margin weakness erodes capital efficiency and shareholder returns, and if structural cost or mix issues persist, it could limit reinvestment and long-term ROIC recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust cash generation
Sustained high operating and free cash flow gives Littelfuse durable financial flexibility: supports reinvestment, M&A, dividends and share returns, and helps absorb cyclical revenue swings. Strong FCF growth implies internal funding for strategic initiatives without relying on leverage.
Read all positive factors
Littelfuse Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Compares operating profit across Littelfuse’s reporting segments, revealing which parts of the business deliver the strongest margins, where cost pressures or investments are concentrated, and which segments are most important for overall profitability and capital allocation.
Compares operating profit across Littelfuse’s reporting segments, revealing which parts of the business deliver the strongest margins, where cost pressures or investments are concentrated, and which segments are most important for overall profitability and capital allocation.
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The Fly
The FlyLittelfuse (LFUS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.98B
Dividend Yield0.69%
Average Volume (3M)341.12K
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth15.44%
EPS Growth-108.08%
CountryUS
Employees18,000
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.39
Shares Outstanding25,398,746
10 Day Avg. Volume367,553
30 Day Avg. Volume341,118
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)2.69
Price to Sales (P/S)2.74
P/FCF Ratio17.83
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$518.33Price Target Upside28.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)14.54
Revenue Forecast (FY)$2.77B
Littelfuse Business Overview & Revenue Model
Company Description
Littelfuse, Inc. is an industrial technology manufacturing company, which engages in the business of designing, manufacturing, and selling electronic components, modules, and subassemblies to empower the long-term secular growth themes of sustaina...
How the Company Makes Money
Littelfuse primarily makes money by selling engineered components and solutions used to protect, control, and monitor electrical and electronic systems. Revenue is generated through product sales across its major operating segments: (1) Electronic...
Littelfuse Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call conveyed strong financial and operational momentum: double-digit organic revenue growth, substantial margin and EPS expansion, robust cash flow, record bookings, and meaningful design-win traction across high-growth end markets (notably data center and industrial). Near-term headwinds and execution risks include pockets of end-market weakness (consumer electronics and passenger vehicles), a planned semiconductor site closure with multi-year rationalization implications, reliance on Basler for a portion of industrial growth, and the fact that high-voltage data center revenue is still in early stages. On balance, positive growth drivers and margin expansion notably outweigh the manageable lowlights.Positive Updates
Revenue Growth
Net sales of $739 million, up 20% year-over-year and 14% organically; Basler acquisition contributed ~6% to sales growth and foreign exchange was a 1% tailwind.
Negative Updates
Consumer Electronics Weakness
Consumer electronics sales declined in the quarter; company noted this end market represents less than 10% of total sales but did contribute to localized weakness.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Net sales of $739 million, up 20% year-over-year and 14% organically; Basler acquisition contributed ~6% to sales growth and foreign exchange was a 1% tailwind.
Read all positive updates
Company Guidance
Littelfuse guided third-quarter net sales of $780–$800 million (midpoint +26% year‑over‑year), driven by 21% organic growth, ~6% contribution from the Basler acquisition and a ~1% FX headwind; adjusted diluted EPS of $4.85–$5.05 (midpoint +68% year‑over‑year) and an adjusted effective tax rate of 23–24%. Management cited a book‑to‑bill well north of 1.0, record bookings, design wins up double digits and strong backlog to support the outlook, reiterated 2030 targets of $4.5 billion revenue and $1.1 billion adjusted EBITDA, and raised 2026 expectations for Basler to ~$135–$140 million of revenue with a $0.25–$0.30 EPS contribution.Littelfuse Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
78
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.61B | 2.39B | 2.19B | 2.36B | 2.51B | 2.08B |
| Gross Profit | 1.03B | 906.04M | 787.54M | 900.24M | 1.01B | 771.93M |
| EBITDA | 280.76M | 138.51M | 321.03M | 505.89M | 589.97M | 458.19M |
| Net Income | -8.06M | -71.70M | 100.19M | 259.49M | 373.31M | 283.81M |
Balance Sheet | ||||||
| Total Assets | 4.01B | 3.96B | 3.89B | 4.00B | 3.90B | 3.15B |
| Cash, Cash Equivalents and Short-Term Investments | 628.59M | 563.68M | 725.90M | 555.75M | 562.67M | 478.50M |
| Total Debt | 709.39M | 946.16M | 930.57M | 933.52M | 1.06B | 668.22M |
| Total Liabilities | 1.39B | 1.53B | 1.48B | 1.51B | 1.69B | 1.26B |
| Stockholders Equity | 2.62B | 2.43B | 2.41B | 2.48B | 2.21B | 1.89B |
Cash Flow | ||||||
| Free Cash Flow | 442.39M | 366.13M | 291.74M | 371.20M | 315.38M | 282.78M |
| Operating Cash Flow | 510.05M | 433.76M | 367.62M | 457.39M | 419.72M | 373.34M |
| Investing Cash Flow | -405.88M | -468.86M | -65.78M | -284.32M | -636.40M | -499.16M |
| Financing Cash Flow | -158.62M | -149.27M | -112.44M | -185.73M | 310.20M | -68.98M |
Littelfuse Technical Analysis
Neutral
404.86
Price Trends
440.15
Negative
427.15
Positive
359.39
Positive
Market Momentum
7.52
Negative
48.13
Neutral
44.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LFUS, the sentiment is Neutral. The current price of 404.86 is below the 20-day moving average (MA) of 439.97, below the 50-day MA of 440.15, and above the 200-day MA of 359.39, indicating a neutral trend. The MACD of 7.52 indicates Negative momentum. The RSI at 48.13 is Neutral, neither overbought nor oversold. The STOCH value of 44.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LFUS.
Littelfuse Risk Analysis
Littelfuse disclosed 25 risk factors in its most recent earnings report. Littelfuse reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Littelfuse Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $4.41B | 16.55 | 16.52% | ― | -5.69% | 2.02% | |
76 Outperform | $11.20B | 63.43 | 11.48% | 0.54% | 17.15% | 45.49% | |
73 Outperform | $11.98B | -1,120.15 | -0.32% | 0.74% | 15.44% | -108.08% | |
72 Outperform | $3.73B | 30.00 | 18.03% | 1.27% | 0.80% | -7.04% | |
64 Neutral | $21.69B | 49.04 | 12.24% | 0.28% | 16.23% | 65.58% | |
64 Neutral | $6.68B | 68.84 | 3.18% | 1.05% | 0.32% | -18.53% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
LFUS
Littelfuse
437.51
187.18
74.77%
BMI
Badger Meter
125.89
-59.82
-32.21%
CGNX
Cognex
63.41
20.23
46.85%
ITRI
Itron
96.18
-29.66
-23.57%
MKSI
MKS
300.24
200.10
199.81%
ST
Sensata
43.11
11.34
35.69%
Littelfuse Corporate Events
Executive/Board Changes
Littelfuse Expands Board, Appoints Todd Kelsey Director
Positive
Aug 11, 2026
On August 6, 2026, the board of Littelfuse, Inc. expanded its membership from eight to nine and appointed Todd Kelsey, President and CEO of Plexus Corp., as an independent director and member of the Compensation Committee. His appointment, announc...
Business Operations and StrategyDividendsFinancial Disclosures
Littelfuse Posts Strong Q2 Results, Raises Dividend
Positive
Jul 29, 2026
On July 29, 2026, Littelfuse reported a strong second quarter ended June 27, 2026, highlighted by net sales of $739 million, up 20% year-on-year, with 14% organic growth and significantly higher cash generation and margins. GAAP diluted EPS reache...
Business Operations and Strategy
Littelfuse Outlines Growth Strategy at 2026 Investor Day
Positive
May 14, 2026
On May 14, 2026, Littelfuse hosted an Investor Day in New York City to present its strategy for capitalizing on accelerating global electrification and rising electricity demand across its core end markets. Management highlighted the company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.