EL7.AI
StocksMedium•30 October 2026•
2 min read

Bel Fuse Sales Jump 23.2% to $220.5 Million in Third Quarter

Key Facts

1Sales were $220.5 million in the third quarter of 2026, up 23.2% year over year.
2Net income under accounting standards was $26.3 million, and non-GAAP net income was $44.0 million.
3Industrial technology and data solutions sales rose 37.8% to $113.914 million.
4The company expects sales of between $220 million and $240 million and gross margin of between 40% and 42% in the fourth quarter of 2026.

Bel Fuse reported net sales of $220.5 million in the third quarter of 2026, up 23.2% year over year from $179.0 million in the same period of 2025. Net income attributable to the company’s shareholders under accounting standards was $26.3 million, compared with $22.3 million a year earlier. Net income on a non-GAAP basis rose to $44.0 million from $26.3 million in the third quarter of 2025. Chief Executive Farouq Tuweiq said performance was led by data solutions, the industrial market and distribution partners. He added that momentum extended across key markets, supported by disciplined execution.

Growth varied across the company’s two segments, with industrial technology and data solutions sales rising 37.8% to $113.914 million. By contrast, sales of aerospace, defense and rugged solutions increased 10.7% to $106.596 million. According to coverage of the call transcript, data solutions market revenue increased by $27 million, or about 61%, compared with the third quarter of 2025. Revenue from AI-related customers was about $12.4 million during the quarter. Management said quarterly bookings reached record levels and exceeded sales.

Adjusted EBITDA improved to $52.5 million, equivalent to 23.8% of sales. It was $39.2 million, or 21.9% of sales, in the third quarter of 2025. The company had forecast in July quarterly sales of between $205 million and $225 million and a gross margin of between 39% and 41%. Actual sales came within that range, while gross margin exceeded its upper end, according to the results statement. A comparison of the earlier guidance and results shows sales growth alongside an improvement in adjusted earnings as a share of revenue.

Bel Fuse expects net sales in the fourth quarter of 2026 to range between $220 million and $240 million, with gross margin between 40% and 42%. The company had scheduled its third-quarter results call for October 29, 2026, at 8:30 a.m. Eastern Time. It said the published financial results are preliminary and subject to change before it files its quarterly report for 2026. In the market, Class A shares closed at $187.21 on October 29, up from $180.15 in the previous session. The previous close was recorded on October 28, according to EL7 data.

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