Belden (BDC) Q1 2026 Earnings
Reported Apr 30, 2026 at 8:00 AM ET · SEC Source
Q1 26 EPS
$1.77
BEAT +3.91%
Est. $1.70
Q1 26 Revenue
$696.4M
BEAT +1.94%
Est. $683.1M
vs S&P Since Q1 26
-4.0%
TRAILING MARKET
BDC -0.7% vs S&P +3.3%
Market Reaction
Did BDC Beat Earnings? Q1 2026 Results
Belden kicked off fiscal 2026 with a clean beat on both the top and bottom lines, as the industrial networking company reported first-quarter revenue of $696.38 million, up 11.4% year over year and ahead of the $683.13 million consensus estimate by 1… Read more Belden kicked off fiscal 2026 with a clean beat on both the top and bottom lines, as the industrial networking company reported first-quarter revenue of $696.38 million, up 11.4% year over year and ahead of the $683.13 million consensus estimate by 1.94%. Adjusted EPS of $1.77 edged past the $1.70 analyst estimate by 3.91%, lifted by continued customer investment in digitization, automation, and IT/OT convergence, the same demand currents management has been riding for several quarters. Adjusted EBITDA climbed 14% to $118.06 million, with margin expanding 40 basis points to 17.0%. The quarter's defining storyline, however, was Belden's announced agreement to acquire RUCKUS Networks for approximately $1.85 billion, a deal that is sparking investor debate over how the company's earnings profile and margin structure evolve from here, with some analysts trimming price targets even while maintaining constructive ratings. Looking ahead, Belden guided second-quarter standalone revenue of $735 to $750 million and adjusted EPS of $1.95 to $2.05, explicitly excluding any RUCKUS contribution pending close.
Key Takeaways
- • 11% year-over-year revenue growth, 7% organic
- • Continued momentum in solutions strategy
- • Customer investments in digitization, automation, and IT/OT convergence
- • Adjusted EBITDA margin expansion of 40 bps to 17.0%
- • Foreign currency contributed 2% to revenue growth
- • Copper pass-through pricing contributed 2% to revenue growth
BDC Forward Guidance & Outlook
For Q2 2026, Belden guides revenues of $735–$750 million, GAAP EPS of $1.53–$1.63, and adjusted EPS of $1.95–$2.05, all on a standalone basis excluding any contribution from the proposed RUCKUS acquisition. Management noted that underlying demand signals remain encouraging but near-term visibility is limited given a fluid macroeconomic and geopolitical environment. Guidance reflects a balanced, measured view consistent with typical seasonal patterns. Long-term demand drivers — data growth, automation, and IT/OT convergence — remain intact.
BDC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BDC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Belden delivered a strong start to 2026, with revenues up 11% year over year and up 7% organically, reflecting continued momentum in our solutions strategy and solid execution across the business. Adjusted EPS of $1.77 was up 11% year over year, demonstrating the earnings power of our growing solutions portfolio. Customers continue to invest in digitization, automation and IT/OT convergence, and Belden is increasingly positioned as the solutions partner of choice to help them build secure, reliable, high-performance networks. Together with RUCKUS, Belden will be positioned to deliver the most comprehensive IT/OT networking solution in the industry.”
— Ashish Chand, Q1 2026 Earnings Press Release
BDC Earnings Trends
BDC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BDC EPS Trend
Earnings per share: estimate vs actual
BDC Revenue Trend
Quarterly revenue: estimate vs actual
BDC Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.70 | $1.77 | +3.91% | $696.4M | +1.94% |
| Q4 25 BEAT FY | $1.95 | $2.08 | +6.40% | $720.1M | +3.32% |
| FY Full Year | — | $7.54 | — | $2.72B | — |
| Q3 25 BEAT | $1.92 | $1.97 | +2.59% | $698.2M | +2.74% |
| Q2 25 BEAT | $1.76 | $1.89 | +7.50% | $672.0M | +2.26% |