Quarterly ResultApr 29, 2026, 04:17 PM
BELFA Q1 Sales +17.2% to $178.5M; Acquires dataMate
AI Summary
Bel Fuse Inc. announced preliminary financial results for the first quarter of 2026, reporting a 17.2% increase in net sales to $178.5 million compared to Q1 2025. While GAAP net earnings attributable to shareholders decreased to $11.4 million from $17.9 million year-over-year, non-GAAP net earnings rose to $22.8 million from $16.8 million. The company also completed the acquisition of dataMate in March 2026 and realigned its business units to enhance its go-to-market strategy. Bel Fuse provided Q2 2026 sales guidance of $195 million to $215 million with a gross margin of 38%-40%.
Key Highlights
- Acquisition of dataMate closed in March 2026.
- Business units realigned to enhance go-to-market strategy and expand product offerings.
- Net sales increased 17.2% to $178.5 million in Q1 2026 from $152.2 million in Q1 2025.
- GAAP net earnings attributable to shareholders were $11.4 million in Q1 2026, down from $17.9 million in Q1 2025.
- Non-GAAP net earnings attributable to shareholders were $22.8 million in Q1 2026, up from $16.8 million in Q1 2025.
- Gross profit margin was 39.0% in Q1 2026, up from 38.6% in Q1 2025.
- Adjusted EBITDA was $34.5 million (19.3% of sales) in Q1 2026.
- Q2 2026 sales guidance is $195 million to $215 million, with gross margin of 38%-40%.