AcquisitionsApr 30, 2026, 08:09 AM
BDC to Acquire RUCKUS Networks for $1.85B; Q1 Revenue $696M
AI Summary
Belden Inc. announced a definitive agreement to acquire RUCKUS Networks from Vistance Networks for approximately $1.85 billion, aiming to deliver a comprehensive IT/OT networking solution. Concurrently, the company reported strong first-quarter 2026 financial results, with revenues increasing 11% year-over-year to $696 million and adjusted EPS rising 11% to $1.77. Belden also provided second-quarter 2026 guidance, excluding the RUCKUS acquisition.
Key Highlights
- Definitive agreement to acquire RUCKUS Networks for approximately $1.85 billion.
- Q1 2026 Revenues of $696 million, up 11% year-over-year (7% organically).
- Q1 2026 GAAP EPS of $1.30, up 2% year-over-year.
- Q1 2026 Adjusted EPS of $1.77, up 11% year-over-year.
- Repurchased 0.3 million shares for $30 million during the quarter.
- Q1 2026 Adjusted EBITDA of $118 million, up 14% year-over-year.
- Q2 2026 Revenue guidance: $735 - $750 million (standalone).
- Q2 2026 Adjusted EPS guidance: $1.95 - $2.05 (standalone).