Filing Flows › Belden (BDC) › Q2 2025
Belden (BDC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Belden (BDC) reported revenue of $672M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +8% from the quarter before. Operating margin was 11.8%, net earnings $61.0M (9.1% of revenue).
Belden, Q2 2025: revenue $672M (+11% year over year), operating margin 11.8%, net earnings $61.0M, operating cash flow $82.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $672M | +8% | +11% |
| Gross profit | $259M | +5% | +14% |
| Operating profit | $79.2M | +9% | +15% |
| Net earnings | $61.0M | +17% | +24% |
| Operating cash flow | $82.0M | 11× | -1% |
| Free cash flow | $56.9M | — | -7% |
What changed
Revenue was $672.0M in Q2 2025, up 11% year over year and up 8% from the previous quarter. Automation Solutions was the largest line at 54% of revenue. Automation Solutions added $32.1M year over year (up 10%), 47% of the total change.
Gross margin was 38.5%, up 0.9 points from a year earlier. Operating profit was $79.2M, a 11.8% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 11% margin then. Operating expenses grew 14% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+36%). Net earnings were $61.0M, up 24% year over year. The effective tax rate was 8.5%.
Operating cash flow was $82.0M (down 1% year over year), 134% of net earnings. Non-cash charges added back $32.1M of depreciation and amortization and $6.8M of share-based compensation. Working capital and other items used $17.9M. Capital expenditures of $25.2M left free cash flow of $56.9M.
Questions
What was Belden's revenue in the second quarter 2025?
Belden (BDC) reported revenue of $672M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +8% from the quarter before.
Was Belden profitable in the second quarter 2025?
Operating profit was $79.2M (11.8% of revenue) and net earnings $61.0M.
Source: Belden 10-Q on SEC EDGAR.