Revenue: As of FY2026 Q2, the actual value is USD 210.69 M.

EPS: As of FY2026 Q2, the actual value is USD 1.89.

EBIT: As of FY2026 Q2, the actual value is USD 39.56 M.

Net Sales

Bel Fuse Inc. reported net sales of $210.7 million in Q2-26, marking a 25.1% increase from $168.3 million in Q2-25. For the first half of 2026, net sales reached $389.176 million, up from $320.537 million in the first half of 2025.

Gross Profit and Margin

The gross profit margin for Bel Fuse Inc. was 39.9% in Q2-26, an increase from 38.7% in Q2-25. For the first half of 2026, the gross profit margin was 39.5%, compared to 38.7% in the first half of 2025.

Operational Costs

Research and development costs were $9.006 million in Q2-26, up from $8.104 million in Q2-25. Selling, general, and administrative expenses were $36.285 million (17.2% of net sales) in Q2-26, which is a decrease from 18.4% of net sales in Q2-25.

Income from Operations

Income from operations was $38.419 million (18.2% of net sales) in Q2-26, compared to $29.860 million (17.7% of net sales) in Q2-25. For the first half of 2026, income from operations was $62.085 million (16.0% of net sales), compared to $54.883 million (17.1% of net sales) in the first half of 2025.

Net Earnings Attributable to Bel Fuse Shareholders

GAAP net earnings attributable to Bel Fuse Inc. shareholders were $25.5 million in Q2-26, compared to $26.9 million in Q2-25. Non-GAAP net earnings attributable to Bel Fuse Inc. shareholders were $39.1 million in Q2-26, an increase from $21.0 million in Q2-25.

Adjusted EBITDA

Adjusted EBITDA was $48.9 million (23.2% of sales) in Q2-26, compared to $35.2 million (20.9% of sales) in Q2-25. For the first half of 2026, Adjusted EBITDA was $83.346 million (21.4% of sales), compared to $66.096 million (20.6% of sales) in the first half of 2025.

Cash and Debt Management

Bel Fuse Inc. raised $441.6 million in net proceeds from an equity offering and used $197.5 million to pay down debt.

Cash Flow from Operating Activities

Net cash provided by operating activities was $31.762 million for the first half of 2026, compared to $28.864 million for the first half of 2025.

Cash and Cash Equivalents

Cash and cash equivalents at the end of Q2-26 totaled $306.106 million, an increase from $57.800 million at the beginning of the year.

Segment Revenue

• Aerospace, Defense & Rugged Solutions: Sales for this segment were $110.457 million in Q2-26, an increase of 20.3%. The gross margin was 41.1%, representing a decrease of 30 basis points.
• Industrial Technology & Data Solutions: Sales for this segment were $100.228 million in Q2-26, an increase of 31.1%. The gross margin was 38.8%, an increase of 220 basis points.

Operational Milestones

DataMate completed its facility transition and ERP conversion. Bel Fuse Inc.’s Slovakia site achieved defense-manufacturer qualification to support Enercon integration and European expansion.

Outlook / Guidance

Bel Fuse Inc. projects third-quarter 2026 sales to be between $205 million and $225 million, assuming current market conditions persist. The company also anticipates a gross margin of 39% to 41% for Q3-26. These projections are supported by healthy bookings, momentum in end markets, an expanded European footprint, and a strong balance sheet.