Filing Flows › Belden (BDC) › Q2 2026
Belden (BDC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Belden (BDC) reported revenue of $750M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +8% from the quarter before. Operating margin was 13.2%, net earnings $68.5M (9.1% of revenue).
Belden, Q2 2026: revenue $750M (+12% year over year), operating margin 13.2%, net earnings $68.5M, operating cash flow $129M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $750M | +8% | +12% |
| Gross profit | $294M | +14% | +14% |
| Operating profit | $99.3M | +27% | +25% |
| Net earnings | $68.5M | +34% | +12% |
| Operating cash flow | $129M | — | +58% |
| Free cash flow | $88.6M | — | +56% |
What changed
Revenue was $750.2M in Q2 2026, up 12% year over year and up 8% from the previous quarter. Automation was the largest line at 58% of revenue. Automation added $70.8M year over year (up 19%), 91% of the total change.
Gross margin was 39.1%, up 0.7 points from Q2 2025. Operating profit was $99.3M, a 13.2% margin (up 1.4 points year over year). Of the extra revenue versus Q2 2025, 26% reached operating profit, above the 12% margin then. Operating expenses grew 8% against revenue growth of 12%. The fastest-growing cost line was SG&A (+12%). Net earnings were $68.5M, up 12% year over year. The effective tax rate was 19.6%.
Operating cash flow was $129.2M (up 58% year over year), 189% of net earnings. Non-cash charges added back $36.1M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items added $15.6M. Capital expenditures of $40.7M left free cash flow of $88.6M.
Questions
What was Belden's revenue in the second quarter 2026?
Belden (BDC) reported revenue of $750M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +8% from the quarter before.
Was Belden profitable in the second quarter 2026?
Operating profit was $99.3M (13.2% of revenue) and net earnings $68.5M.
Source: Belden 10-Q on SEC EDGAR.