Bel Fuse reported higher sales, margins and earnings for the third quarter of 2026, with growth led by its Data Solutions sector and industrial end market. The electronics components maker also forecast fourth-quarter sales of $220 million to $240 million and gross margin of 40% to 42%.
Key details
- Sales rose 23.2% year over year to $220.5 million for the quarter ended Sept. 30, up from $179.0 million a year earlier.
- Gross margin increased to 40.9% from 39.7%, a gain of 1.2 percentage points.
- GAAP net earnings attributable to Bel shareholders were $26.3 million, compared with $22.3 million in the year-earlier quarter, an increase of about 18%.
- Non-GAAP net earnings attributable to shareholders were $44.0 million, up from $26.3 million a year earlier. The release did not provide a breakdown of the adjustments behind the difference between GAAP and non-GAAP earnings.
- Adjusted EBITDA rose to $52.5 million from $39.2 million, while adjusted EBITDA margin increased to 23.8% of sales from 21.9%.
- Bel’s fourth-quarter guidance calls for sales of $220 million to $240 million and gross margin of 40.0% to 42.0%.
- CEO Farouq Tuweiq said Data Solutions, the industrial end market and sales through distribution partners led the quarter. He also cited momentum across key end markets and execution across the company’s global operations.
Plain-English implications
Bel’s third-quarter results combined strong sales growth with improved gross and adjusted EBITDA margins. Its fourth-quarter sales range starts near the third-quarter level and extends above it; the gross-margin range includes both a modest decline and an improvement from the latest quarter.