The strong beat and raised guidance, combined with the upcoming Investor Day on May 14, create a positive catalyst path. The Q2 guidance midpoint of $3.75 adjusted EPS implies 32% YoY growth, well above the $2.83 consensus. Monitor the Investor Day for long-term margin targets and growth strategy — any incremental detail on capital allocation or organic growth ambitions could drive further upside.
Price Chart
Executive Summary
Littelfuse reported Q1 2026 results that significantly exceeded expectations, with revenue of $657M (+19% YoY, +9% organic) and adjusted diluted EPS of $3.31 (+51% YoY). The company also raised Q2 2026 guidance to $690-710M in revenue and $3.65-$3.85 adjusted EPS, well above consensus. All three segments delivered growth and margin expansion, with the Industrial segment benefiting from the Basler acquisition (+39% contribution). The strong beat and raised guidance signal accelerating momentum across end markets.
Key Financial Metrics
Key Facts
- Q1 2026 net sales of $657M, +19% YoY reported, +9% organic
- GAAP diluted EPS of $2.96 vs $1.75 YoY; adjusted diluted EPS of $3.31 vs $2.19 YoY (+51%)
- Adjusted EBITDA margin expanded 280bps to 22.9%
- Free cash flow of $66M, +55% YoY
- Q2 2026 guidance: revenue $690-710M, adjusted EPS $3.65-$3.85 (midpoint $3.75, +32% YoY)
- All three segments grew: Electronics +18%, Transportation +5%, Industrial +45%
- Basler acquisition contributed +6% to total revenue growth
- Net leverage ratio improved to 1.0x from 1.2x in Q4 2025
- Investor Day scheduled for May 14, 2026
Financial Impact
Q1 revenue beat consensus by ~$18M (2.9%); adjusted EPS of $3.31 beat consensus of $2.84 by 16.5%
Risk Factors
- Power semiconductor volumes remain soft, partially offsetting strong passive products growth
- Commercial vehicle segment declined -1% organic, reflecting continued soft end-market demand
- Basler acquisition integration risk and potential for slower-than-expected synergy realization
- Foreign exchange headwinds could impact reported results if USD strengthens
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-030892 |
| Document: lfus-20260506.htm | 0001628280-26-030892 |
| Document: q12026slide.htm | 0001628280-26-030892 |
| Document: 0001628280-26-030892-index-headers.html | 0001628280-26-030892 |
| Document: 0001628280-26-030892-index.html | 0001628280-26-030892 |
| Document: 0001628280-26-030892.txt | 0001628280-26-030892 |
| 8-K Data (Synthetic) | 0001628280-26-030892 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 8-K | $396.02 $422.43 | ▲ +6.67% | ▲ +4.11% | $457.78 (+15.60%) |
Aug 11, 2026 7w ago | 8-K | $453.87 $437.51 | ▼ −3.60% | ▼ −3.20% | $457.78 (+0.86%) |
Jul 29, 2026 9w ago | 8-K | $410.47 $461.16 | ▲ +12.35% | ▲ +6.82% | $457.78 (+11.53%) |
Jun 16, 2026 15w ago | Insider Cluster | $466.44 $463.69 | ▼ −0.59% | ▲ +0.45% | $457.78 (−1.86%) |
Jun 4, 2026 17w ago | Insider Cluster | $457.34 $472.14 | ▲ +3.24% | ▲ +2.67% | $457.78 (+0.10%) |
May 21, 2026 19w ago | Insider Cluster | $460.48 $463.46 | ▲ +0.65% | ▼ −1.01% | $457.78 (−0.59%) |
May 14, 2026 20w ago | 8-K | $459.21 $443.91 | ▼ −3.33% | ▼ −2.61% | $457.78 (−0.31%) |
May 6, 2026 21w ago | 8-K | $441.67 $456.23 | ▲ +3.30% | ▲ +2.17% | $457.78 (+3.65%) |
Mar 5, 2026 30w ago | 8-K | $302.28 $326.18 | ▲ +7.91% | ▲ +9.44% | $457.78 (+51.44%) |
US Market Status
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