Filing Flows › Belden (BDC) › Q2 2026 › vs Q2 2025
Belden (BDC) Q2 2026 vs Q2 2025 (year over year)
Belden's revenue rose $78.2M (+12%) from $672M in Q2 2025 to $750M in Q2 2026. The biggest changes: Automation +$70.8M (+19%); Smart Buildings +$5.7M (+4%); Broadband +$1.6M (+1%). Gross margin 39.1% against 38.5% (+0.7 pts).
Belden, Q2 2026: revenue $750M (+12% year over year), operating margin 13.2%, net earnings $68.5M, operating cash flow $129M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 39.1% | 38.5% | +0.7 pts |
| Operating margin | 13.2% | 11.8% | +1.4 pts |
| Net margin | 9.1% | 9.1% | +0.1 pts |
| Free cash flow margin | 11.8% | 8.5% | +3.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Automation | $437M | $366M | $70.8M | +19% |
| Broadband | $157M | $155M | $1.6M | +1% |
| Smart Buildings | $156M | $151M | $5.7M | +4% |
| Revenue | $750M | $672M | $78.2M | +12% |
| Gross profit | $294M | $259M | $35.1M | +14% |
| Cost of revenue | $457M | $413M | $43.1M | +10% |
| Operating profit | $99.3M | $79.2M | $20.0M | +25% |
| Operating expenses | $194M | $179M | $15.0M | +8% |
| Pre-tax earnings | $85.2M | $66.7M | $18.5M | +28% |
| Other expense, net | $14.1M | $12.6M | $1.5M | +12% |
| Research & development | $31.7M | $33.9M | −$2.2M | -7% |
| SG&A | $148M | $132M | $15.9M | +12% |
| Other operating costs | $14.8M | $13.5M | $1.4M | +10% |
| Net earnings | $68.5M | $61.0M | $7.5M | +12% |
| Income tax | $16.7M | $5.7M | $11.0M | +194% |
| Depreciation & amortization | $36.1M | $32.1M | $4.0M | +13% |
| Share-based compensation | $9.0M | $6.8M | $2.2M | +32% |
| Working capital & other | $15.6M | −$17.9M | $33.4M | — |
| Operating cash flow | $129M | $82.0M | $47.2M | +58% |
| Free cash flow (OCF − capex) | $88.6M | $56.9M | $31.7M | +56% |
| Capital expenditures | $40.7M | $25.2M | $15.5M | +62% |
Questions
How much did Belden's revenue grow year over year in Q2 2026?
Belden's revenue rose $78.2M (+12%) from $672M in Q2 2025 to $750M in Q2 2026.
What drove Belden's revenue change in Q2 2026?
Automation +$70.8M (+19%); Smart Buildings +$5.7M (+4%); Broadband +$1.6M (+1%).