Want to see BDC full AI Analyst Report?
EarningsQ2 2026 Earnings Report
BDC Q2 2026 EPS Results
Actual EPS$2.34
Consensus EPS$2.02
Beat/MissBeat by +$0.32
One Year Ago EPS$1.89
BDC Q2 2026 Revenue Results
Actual Revenue$750.16M
Expected Revenue$746.75M
Beat/MissBeat by +$3.41M
YoY Revenue Growth+11.63%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
BDC Upcoming Earnings
Belden's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
BDC Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple strong financial and operational achievements: record revenue, record orders, double-digit growth in key industrial verticals, a large hyperscaler win, immediate accretion from the RUCKUS acquisition, and a robust free cash flow outlook with a clear de-leveraging plan. Near-term headwinds include a one-time tariff-related benefit in Q2, a planned rise in leverage post-acquisition (~3.9x at Q3), temporary integration inefficiencies, and mixed performance in some end markets (notably broadband). Overall, the positives — sizable organic growth, record bookings, strategic wins in AI/hyperscale and Physical AI, and a large accretive acquisition — materially outweigh the near-term lowlights and risks.Company Guidance
Record Revenue and Profitability
Revenue of $750.0M in Q2, up 12% year-over-year; Adjusted EPS of $2.34, up 24% year-over-year and above the high end of guidance. Adjusted gross profit of $297M, up 14% with gross margin at 39.6%, and Adjusted EBITDA of $146M, up 28% with EBITDA margin of 19.5%.
Exceptional Order Momentum
Record orders of $836M in Q2, up 19% year-over-year and up 23% sequentially; book-to-bill ratio of 1.11x, demonstrating broad-based, strong end-market demand.
Organic Growth and Industrial Strength
Organic revenue growth of 8% in the quarter with Discrete, Process, and Enterprise Growth Verticals all up double digits, and Automation showing sustained double-digit growth with a book-to-bill of ~1.14x.
Strategic Data Center & Hyperscaler Traction
Booked approximately $40M in hyperscaler orders in the quarter, including a $20M white-space fiber connectivity contract with a Tier-1 hyperscaler; data center and AI infrastructure business at an estimated ~$175M annual run rate (ex-RUCKUS) and enterprise data center run rate of ~$75M.
RUCKUS Acquisition Immediately Accretive
RUCKUS closed July 1 and is expected to be immediately accretive to revenue growth, EPS and EBITDA; management estimates combined company pro forma revenue of ~$3.6B with gross margins ~43%, adjusted EBITDA margins ~18%, active product mix 35% and solutions mix 20%.
Strong Cash Generation and Deleveraging Path
Standalone cash of $349M and trailing 12-month free cash flow of $212M; management expects the combined business to generate >$500M in free cash flow over the next 18 months, with a plan to reduce leverage to ~1.5x by end of 2029.
Third Quarter Guidance Incorporates Acquisition and Growth
Q3 revenue guidance of $950M–$970M (includes full-quarter contribution from RUCKUS); Adjusted EPS guidance of $2.15–$2.30 (9%–17% increase year-over-year); CFO noted combined incrementals ~35%+ year-over-year including RUCKUS.
BDC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed