Quarterly ResultApr 29, 2026, 04:46 PM
BELFA Q1 Sales +17.2% to $178.5M; Q2 Sales Guidance $195-215M
AI Summary
Bel Fuse Inc. reported preliminary Q1 2026 financial results, with net sales increasing 17.2% year-over-year to $178.5 million and gross profit margin rising to 39.0%. While GAAP net earnings attributable to shareholders decreased to $11.4 million, non-GAAP net earnings increased to $22.8 million. The company also provided Q2 2026 sales guidance of $195 million to $215 million and gross margin guidance of 38%-40%, following the acquisition of dataMate and a business unit realignment.
Key Highlights
- Q1 2026 net sales increased 17.2% to $178.5 million from $152.2 million in Q1 2025.
- Q1 2026 gross profit margin improved to 39.0% from 38.6% in Q1 2025.
- Q1 2026 GAAP net earnings attributable to shareholders were $11.4 million, down from $17.9 million.
- Q1 2026 Non-GAAP net earnings attributable to shareholders rose to $22.8 million from $16.8 million.
- Adjusted EBITDA for Q1 2026 was $34.5 million (19.3% of sales).
- The acquisition of dataMate was completed in March 2026.
- Q2 2026 sales guidance is set between $195 million and $215 million, with gross margin guidance of 38%-40%.
- Aerospace, Defense & Rugged Solutions sales grew 20.1% to $99.8 million in Q1 2026.