S&P 500
7,758.00
+0.10%
Dow Jones
53,779.20
-0.02%
Nasdaq 100
29,796.00
+0.24%
Russell 2000
3,049.75
+0.09%
FTSE 100
10,821.20
-0.33%
Nikkei 225
68,770.70
+0.33%
Belden

Belden (BDC) Q2 2026 Earnings

Reported Jul 30, 2026 at 8:00 AM ET · SEC Source

Q2 26 EPS

$2.34

BEAT +15.73%

Est. $2.02

Q2 26 Revenue

$750.2M

BEAT +0.35%

Est. $747.6M

vs S&P Since Q2 26

+33.3%

BEATING MARKET

BDC +36.7% vs S&P +3.4%

Market Reaction

Did BDC Beat Earnings? Q2 2026 Results

Belden Inc. Delivered a convincing second-quarter beat for fiscal 2026, extending its streak of consensus EPS beats to four consecutive quarters as adjusted earnings of $2.34 per share cleared the $2.02 analyst estimate by 15.73%, while revenue of $7… Read more Belden Inc. Delivered a convincing second-quarter beat for fiscal 2026, extending its streak of consensus EPS beats to four consecutive quarters as adjusted earnings of $2.34 per share cleared the $2.02 analyst estimate by 15.73%, while revenue of $750.16 million edged past forecasts by 0.35% and grew 11.6% year over year. The standout driver behind the earnings strength was a $0.25 per-share net benefit tied to expected recovery of IEEPA tariffs, which helped lift adjusted EBITDA 28% to $145.91 million and push adjusted EBITDA margin up 250 basis points to 19.5%. Orders were particularly encouraging, reaching $836.00 million, up 19% year over year, with a book-to-bill ratio of 1.11 signaling continued demand momentum heading into the back half. The narrative for the remainder of 2026 is dominated by the RUCKUS Networks acquisition, completed July 1, which management expects to transform Belden's portfolio; Q3 revenue guidance of $950.00 to $970.00 million reflects that expanded scale, with adjusted EPS guided at $2.15 to $2.30.

Key Takeaways

  • • Robust and broad-based demand across end markets
  • • Organic revenue growth of 8% year over year
  • • Record orders of $836 million with book-to-bill of 1.11
  • • Adjusted EBITDA margin expansion of 250 bps to 19.5%
  • • Net EPS benefit of approximately $0.25 from expected IEEPA tariff recovery, partially offset by new tariffs

BDC Forward Guidance & Outlook

For Q3 2026, Belden guides revenues of $950–$970 million (including RUCKUS contribution), GAAP EPS of $0.69–$0.84, and adjusted EPS of $2.15–$2.30. The Q3 guidance bridge from GAAP to adjusted EPS includes $0.94 for amortization of intangible assets, $0.41 for severance/restructuring/acquisition integration costs, and $0.11 for adjustments related to acquisitions and divestitures. Management notes orders entering Q3 are at record levels, the solutions pipeline continues to grow, and there is increasing engagement from data center and Physical AI customers, though the near-term macroeconomic environment warrants continued discipline.

24/7 Wall St

BDC YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

BDC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q4 25

“Belden delivered a record second quarter, with record revenue of $750 million, up 12% year over year, record orders of $836 million, up 19% year over year with a book-to-bill of 1.11, and adjusted EPS of $2.34, up 24% year over year. Demand across our end markets is robust and broad-based, and our results reflect the strength of that environment. We have been building our presence in AI data centers for several quarters, and that investment is beginning to show up in our order book. Physical AI, the deployment of intelligent, autonomous systems across factories and distribution centers, is an emerging opportunity we are well-positioned to capture. With RUCKUS now part of Belden, we deliver every layer of the network, from passive infrastructure to Wi-Fi 7 to intelligent cloud management, from a single source. We are excited about what this platform means for our customers and our growth.”

— Ashish Chand, Q2 2026 Earnings Press Release

Back to BDC Stock Page