EarningsQ2 2026 Earnings Report
DE:BF2A Q2 2026 EPS Results
Actual EPS€2.56
Consensus EPS€2.11
Beat/MissBeat by +€0.45
One Year Ago EPS€1.47
DE:BF2A Q2 2026 Revenue Results
Actual Revenue€185.99M
Expected Revenue€182.20M
Beat/MissBeat by +€3.79M
YoY Revenue Growth+25.18%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
DE:BF2A Upcoming Earnings
Bel Fuse's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:BF2A Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial momentum story: double-digit revenue growth (+25% YoY), meaningful margin expansion, a large cash raise and full debt repayment, continued strong bookings (six consecutive quarters) and strategic wins in Europe (Slovakia defense certification and eight new project wins). Management acknowledged near-term headwinds including higher material costs, FX pressure, working-capital build and supply-chain risks, but outlined actionable levers (pricing on new orders, operational leverage, portfolio rotation, hiring and CapEx for throughput) and provided constructive guidance for Q3. Overall, the positives — strong organic growth, improved profitability and materially improved liquidity — outweigh the manageable near-term challenges.Company Guidance
Revenue Growth
Total Q2 sales of $210.7 million, up 25% year-over-year, driven by broad-based demand across defense, data solutions and distribution channels.
Segment Strength – ITDS (Data Solutions)
ITDS revenue of $100 million, up $23.8 million or 31.1% YoY; data solutions up to ~$58 million from $38 million (a 55% increase), aided by high-performance computing project ramps and the March 2026 dataMate acquisition (contributed $4.4M in Q2).
Segment Strength – ADRS (Defense)
ADRS revenue of $111 million, up $18.6 million or 20.6% YoY; defense sales totaled $66.5 million, a 28.4% increase YoY, with strong bookings and European demand contributing to growth.
Margin Expansion and Profitability
Gross margin expanded to 39.9% (+120 bps YoY). Adjusted EBITDA rose to $48.9 million from $35.2 million (approximately +39%), and adjusted EBITDA margin improved to 23.2% from 20.9%, reflecting operating leverage and improved conversion of revenue to profit.
Liquidity and Balance Sheet Improvements
Completed equity raise in May selling ~1.7 million shares for net proceeds of approx. $440 million; ended Q2 with $306.1 million in cash and securities (up from $57.8 million at Dec 31) and fully repaid outstanding debt of $197.5 million as of June 30 (no debt outstanding).
Strong Bookings and Channel Momentum
Bookings exceeded sales for the sixth consecutive quarter with distribution channel sales at their highest level since mid-2022; distribution strength notable in components such as fuses, integrated connector modules, and RF connectors.
Operational and Commercial Progress in Europe
Slovakia facility gained required European defense manufacturer certification and secured 8 additional European defense project wins in Q2; these wins are expected to monetize beginning in late 2027 and support Enercon-related expansion.
Guidance and Forward Outlook
Q3 sales guidance of $205–225 million with gross margin guidance of 39%–41%; management expects sequential growth to be driven by defense, data solutions, and increased component demand via distribution.
Investments in People and Capabilities
Ongoing hiring and organizational restructuring to support growth (notably building A&D sales team in Europe and filling key roles company-wide), with management expecting key roles filled by end of 2026.
Strategic Portfolio Rotation
Management plans to emphasize higher-growth, higher-margin products over larger, lower-margin legacy products, enabled by recent wins and expanded bookings — providing flexibility to prioritize better ROI opportunities.
DE:BF2A 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