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Belden (BDC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Belden (BDC) Q3 2026 earnings results →
Q3 2026 Revenue up 38% year over year to $966M · 1¢ of every $1 of revenue lost · operating margin 1.7%
Belden made $966M in Q3 2026 (+38% Y/Y): Automation $444M, Smart Buildings $184M, Broadband $170M. Operating margin 1.7%, net loss $11.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $966.0M in Q3 2026, up 38% year over year and up 29% from the previous quarter. Automation was the largest line at 46% of revenue. Automation added $63.0M year over year (up 17%), 24% of the total change.
Gross margin was 35.1%, down 2.6 points from Q3 2025. Operating profit was $16.8M, a 1.7% margin (down 9.2 points year over year). Operating profit fell $59.5M even though revenue rose $267.7M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 72% against revenue growth of 38%. The fastest-growing cost line was Other operating costs (+302%). The quarter ended with a net loss of $11.4M, after a profit of $68.5M the previous quarter. Net interest and other expense of $42.3M was the main reason.
Operating cash flow was $129.6M (up 23% year over year). Non-cash charges added back $78.4M of depreciation and amortization and $11.1M of share-based compensation. Working capital and other items added $51.5M. Capital expenditures of $47.8M left free cash flow of $81.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $966M | +38% | 1.7% | −$11.4M | $130M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $750M | +12% | 13.2% | $68.5M | $129M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $696M | +11% | 11.2% | $51.0M | −$18.7M |
| Q4 2025 | 10-K | Feb 17, 2026 | $720M | +8% | 12.2% | $67.9M | $160M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $698M | +7% | 10.9% | $56.7M | $105M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $672M | +11% | 11.8% | $61.0M | $82.0M |
| Q1 2025 | 10-Q | May 1, 2025 | $625M | +17% | 11.6% | $51.9M | $7.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Belden
Belden Inc. (the Company, us, we, or our) is a leading global supplier of complete connection solutions that unlock untold possibilities for our customers, their customers and the world. We advance ideas and technologies that enable a safer, smarter and more prosperous future. Throughout our 120-plus year history we have evolved as a company, but making connections remains our purpose. Our business is organized around two global businesses, Smart Infrastructure Solutions and Automation Solutions, both of which benefit from favorable secular trends which we expect to drive future growth. Each business represents a reportable segment. Financial information about our segments appears in Note 5 to the Consolidated Financial Statements. We sell our products to distributors, end-users, installers, and directly to original equipment manufacturers (OEMs). Belden Inc.
In its own words, from its 10-K, filed Feb 17, 2026.
Belden against its Drawing & Insulating of Nonferrous Wire peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +38% against the peers' median +22%. Operating margin: 1.7% against the peers' median 8.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BDC Belden | Q3 2026 | $966M | +38% | 1.7% |
| GLW Corning | Q3 2026 | $4.9B | +18% | 18.8% |
| OCC Optical Cable | Q3 FY26 | $24.3M | +22% | 8.7% |
Source: Belden 10-Q on SEC EDGAR · CIK 913142 · Drawing & Insulating of Nonferrous Wire
13F: who owns BDC and who is buying
More on BDC
- How Belden makes money: revenue by segment
- Belden next earnings date and what analysts expect
- Belden stock forecast, price target and fair value
- Who owns Belden stock: holders, funds and Congress trades
- Belden guidance and outlook
- Is Belden a takeover target? LBO and rumors
- Belden recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Belden guidance history: guided vs reported
- Belden gross margin by quarter
- Belden operating margin by quarter
- Belden net income by quarter
- Belden free cash flow by quarter
- Belden R&D spending by quarter
- Belden capital expenditures by quarter
- Belden Automation revenue by quarter
- Belden Smart Buildings revenue by quarter
- Belden Broadband revenue by quarter