Bel Fuse Q3 Net Sales Rise 23.2% to $220.5 Million, Non-GAAP Net Earnings $44.0 Million, Q4 Sales Guided to $220-$240 Million
Electronic components maker Bel Fuse Inc. (Nasdaq: BELFA and BELFB) on October 28 reported preliminary results for the third quarter of 2026. Net sales were $220.5 million, up 23.2% from $179.0 million in the third quarter of 2025, and gross profit margin rose to 40.9% from 39.7% a year earlier.
GAAP net earnings attributable to Bel shareholders were $26.3 million, compared with $22.3 million a year earlier, while non-GAAP net earnings were $44.0 million, versus $26.3 million. Adjusted EBITDA was $52.5 million, or 23.8% of net sales, compared with $39.2 million, or 21.9%, a year earlier.
Farouq Tuweiq, President and CEO of Bel, said the company was pleased with its strong third quarter results, with performance led by its Data Solutions sector, the Industrials end market, and distribution partners, reflecting momentum across key end markets and focused execution across its global organization.
For the fourth quarter, Bel guided net sales of $220 million to $240 million and gross margin of 40.0% to 42.0%. Tuweiq said the company is excited about how the year is shaping up and remains focused on serving customers, executing its growth strategy, and creating long-term shareholder value.
Headquartered in West Orange, New Jersey, Bel designs, manufactures and markets critical electronic components, systems and solutions, including power systems, high-reliability connectors and cable assemblies, circuit protection and networking products, for aerospace, defense, industrial and data-driven markets.
Source: GSM · USA (original Chinese edition)
Photo: 图：电子电路实验台上的面包板与元件（资料图）。Mack Male 摄，CC BY-SA 2.0，经 Wikimedia Commons。 / A breadboard and electronic components on a lab bench (file photo). Photo by Mack Male, CC BY-SA 2.0, via Wikimedia Commons.
