Belden (BDC) Q3 2026 Earnings
Adjusted EPS excludes $100 million of non-cash Ruckus purchase accounting charges (intangible amortization and inventory fair value step-up); GAAP diluted EPS was ($0.29).
How Did BDC Stock React to Q3 2026 Earnings?
Did BDC Beat Earnings? Q3 2026 Results
No. Belden reported Q3 2026 earnings of $2.26 a share on Oct 29, 2026, missing the $2.26 consensus estimate by 0.1%. Revenue was $966.0M against a $961.7M estimate.
Belden delivered a mixed but broadly strong third quarter of 2026, with revenue of $965.95 million clearing the $961.69 million consensus by 0.44% and rising 38.4% year over year, while adjusted EPS of $2.26 fell just 0.07% short of the $2.26 estimate, ending a five-quarter streak of consecutive EPS beats. The headline gap between GAAP and adjusted results tells much of the story: the Ruckus acquisition absorbed $100 million in non-cash purchase accounting charges tied to intangible amortization and an inventory fair value step-up, pushing GAAP results to a net loss of $11.35 million, or $0.29 per share, compared to net income of $56.69 million a year earlier. Organic revenue grew 11%, with acquisitions contributing 24 percentage points to the headline growth rate. Orders crossed $1.02 billion, up 46% year over year, and management enters the fourth quarter with record backlog in hand. Looking ahead, Belden guided fourth-quarter revenue of $960 million to $980 million, with adjusted EPS of $2.20 to $2.35, and signaled it expects its data center business to grow more than 50% in 2027 following a $100 million fiber supply agreement with a major U.S. customer.
- Organic revenue growth of 11%, plus a 24% contribution from acquisitions and divestitures (Ruckus) and a 3% copper pass-through pricing impact
- Record orders of $1,017 million, up 46% y/y and 16% organically; book-to-bill of 1.05x
- Adjusted EBITDA margin expanded 70 bps to 17.7%; adjusted gross margin rose to 41.5% from 38.2%
- AI and automation driving investment in networking infrastructure from the data center to the factory floor
“Belden delivered another record quarter, with revenue of $966 million, up 38% year over year and 11% organically, and Adjusted EPS of $2.26, up 15% year over year. We also surpassed $1 billion in quarterly orders for the first time, with orders up 46% year over year and 16% organically, and a book-to-bill of 1.05x.”
Belden CEO, on the earnings call
What Is Belden's Outlook?
Assuming current market conditions continue, Belden guided fourth-quarter 2026 revenues of $960-$980 million, GAAP EPS of $0.24-$0.39 and Adjusted EPS of $2.20-$2.35. Management cited record orders entering the quarter, a building solutions pipeline and growing engagement from data center and physical AI customers. It remains disciplined given near-term macroeconomic and supply chain conditions. Following the $100 million fiber agreement, the company expects its data center business to grow by more than 50% in 2027.
BDC YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $966.0M | $698.2M | +38.4% |
| Gross Profit | $338.8M | $263.2M | +28.7% |
| Operating Income | $16.8M | $76.3M | −78.0% |
BDC Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.