Filing Flows › Belden (BDC) › Q1 2026
Belden (BDC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Belden (BDC) reported revenue of $696M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -3% from the quarter before. Operating margin was 11.2%, net earnings $51.0M (7.3% of revenue).
Belden, Q1 2026: revenue $696M (+11% year over year), operating margin 11.2%, net earnings $51.0M, operating cash flow −$18.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $696M | -3% | +11% |
| Gross profit | $258M | -2% | +5% |
| Operating profit | $78.0M | -11% | +7% |
| Net earnings | $51.0M | -25% | -2% |
| Operating cash flow | −$18.7M | -112% | -351% |
What changed
Revenue was $696.4M in Q1 2026, up 11% year over year and down 3% from the previous quarter. Automation was the largest line at 56% of revenue. Automation added $36.2M year over year (up 10%), 51% of the total change.
Gross margin was 37.1%, down 2.3 points from Q1 2025. Operating profit was $78.0M, a 11.2% margin (down 0.4 points year over year). Of the extra revenue versus Q1 2025, 7% reached operating profit, below the 12% margin then. Operating expenses grew 4% against revenue growth of 11%. Net earnings were $51.0M, down 2% year over year. The effective tax rate was 18.7%.
Operating cash flow was −$18.7M. Non-cash charges added back $32.5M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items used $111.3M. Capital expenditures of $44.4M exceeded it, leaving free cash flow of −$63.1M.
Questions
What was Belden's revenue in the first quarter 2026?
Belden (BDC) reported revenue of $696M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -3% from the quarter before.
Was Belden profitable in the first quarter 2026?
Operating profit was $78.0M (11.2% of revenue) and net earnings $51.0M.
Source: Belden 10-Q on SEC EDGAR.