Filing Flows › Belden (BDC) › Q3 2025
Belden (BDC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Belden (BDC) reported revenue of $698M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +4% from the quarter before. Operating margin was 10.9%, net earnings $56.7M (8.1% of revenue).
Belden, Q3 2025: revenue $698M (+7% year over year), operating margin 10.9%, net earnings $56.7M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $698M | +4% | +7% |
| Gross profit | $263M | +2% | +8% |
| Operating profit | $76.3M | -4% | +1% |
| Net earnings | $56.7M | -7% | +6% |
| Operating cash flow | $105M | +28% | +15% |
| Free cash flow | $65.3M | +15% | -3% |
What changed
Revenue was $698.2M in Q3 2025, up 7% year over year and up 4% from the previous quarter. Automation Solutions was the largest line at 55% of revenue. Automation Solutions added $46.0M year over year (up 14%), 106% of the total change. Broadband Solutions declined 4%.
Gross margin was 37.7%, up 0.4 points from a year earlier. Operating profit was $76.3M, a 10.9% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 12% margin then. Operating expenses grew 11% against revenue growth of 7%. The fastest-growing cost line was Research & development (+21%). Net earnings were $56.7M, up 6% year over year. The effective tax rate was 11.8%.
Operating cash flow was $105.0M (up 15% year over year), 185% of net earnings. Non-cash charges added back $33.6M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items added $6.7M. Capital expenditures of $39.7M left free cash flow of $65.3M.
Questions
What was Belden's revenue in the third quarter 2025?
Belden (BDC) reported revenue of $698M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +4% from the quarter before.
Was Belden profitable in the third quarter 2025?
Operating profit was $76.3M (10.9% of revenue) and net earnings $56.7M.
Source: Belden 10-Q on SEC EDGAR.