Traders should monitor the Q2 2026 sales guidance of $195M-$215M, which implies sequential growth of 9-20% and signals strong demand in defense and data center markets. The GAAP EPS decline due to non-recurring items may be discounted, but the non-GAAP beat and raised guidance support positive momentum.
Price Chart
Executive Summary
Bel Fuse reported Q1 2026 net sales of $178.5M (+17.2% YoY) and non-GAAP EPS of $1.81, beating the $1.41 consensus by 28%. GAAP EPS fell to $0.91 from $1.43 due to redemption adjustments and acquisition costs. The company issued Q2 2026 guidance of $195M-$215M sales and 38%-40% gross margin, above the Q1 run rate.
Key Financial Metrics
Key Facts
- Net sales $178.5M, up 17.2% YoY from $152.2M
- Non-GAAP EPS $1.81, up 34% YoY from $1.35; GAAP EPS $0.91, down from $1.43
- Adjusted EBITDA $34.5M (19.3% of sales) vs $30.9M (20.3%) in Q1 2025
- Q2 2026 guidance: sales $195M-$215M, gross margin 38%-40%
- Closed acquisition of dataMate in March 2026
- Business unit realignment announced in April 2026
Financial Impact
Non-GAAP EPS beat by $0.40 (28%) vs consensus; revenue beat unknown due to lack of consensus, but YoY growth of 17.2%
Risk Factors
- GAAP EPS declined 36% YoY due to redemption adjustments and acquisition costs
- Operating margin compressed from 16.4% to 13.3% on higher SG&A and R&D
- Integration risk from dataMate acquisition and Enercon earnout adjustments
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-013888 |
| Document: belfa20260302_8k.htm | 0001437749-26-013888 |
| Document: 0001437749-26-013888-index-headers.html | 0001437749-26-013888 |
| Document: 0001437749-26-013888-index.html | 0001437749-26-013888 |
| Document: 0001437749-26-013888.txt | 0001437749-26-013888 |
| 8-K Data (Synthetic) | 0001437749-26-013888 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 13, 2026 20w ago | 424B5 | $266.92 $291.59 | ▼ −9.24% | ▼ −4.80% | $257.94 (+3.36%) |
May 12, 2026 20w ago | 8-K | $298.22 $289.40 | ▼ −2.96% | ▼ −7.34% | $257.94 (−13.51%) |
Apr 29, 2026 22w ago | 8-K | $275.84 $270.26 | ▼ −2.02% | ▼ −5.13% | $257.94 (−6.49%) |
Apr 17, 2026 24w ago | DEFA14A | $254.25 $279.39 | ▲ +9.89% | ▲ +3.74% | $257.94 (+1.45%) |
Apr 10, 2026 25w ago | DEFA14A | $235.66 $251.53 | ▲ +6.73% | ▼ −3.59% | $257.94 (+9.45%) |
Apr 6, 2026 25w ago | 8-K | $210.26 $266.94 | ▲ +26.96% | ▲ +13.69% | $257.94 (+22.68%) |
Mar 16, 2026 28w ago | Insider Cluster | $205.05 $279.13 | ▼ −36.13% | ▼ −25.64% | $257.94 (−25.79%) |
Feb 24, 2026 31w ago | Insider Cluster | $234.33 $249.71 | ▼ −6.56% | ▲ +0.18% | $257.94 (−10.08%) |
US Market Status
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