Filing Flows › Belden (BDC) › Q3 2026
Belden (BDC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Belden (BDC) reported revenue of $966M for the third quarter 2026 (Q3 2026), +38% from a year earlier and +29% from the quarter before. Operating margin was 1.7%, net loss $11.4M (1.2% of revenue).
Belden, Q3 2026: revenue $966M (+38% year over year), operating margin 1.7%, net loss $11.4M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $966M | +29% | +38% |
| Operating profit | $16.8M | -83% | -78% |
| Net earnings | −$11.4M | -117% | -120% |
| Operating cash flow | $130M | +0.3% | +23% |
| Free cash flow | $81.8M | -8% | +25% |
What changed
Revenue was $966.0M in Q3 2026, up 38% year over year and up 29% from the previous quarter. Automation was the largest line at 46% of revenue. Automation added $63.0M year over year (up 17%), 24% of the total change.
Gross margin was 35.1%, down 2.6 points from Q3 2025. Operating profit was $16.8M, a 1.7% margin (down 9.2 points year over year). Operating profit fell $59.5M even though revenue rose $267.7M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 72% against revenue growth of 38%. The fastest-growing cost line was Other operating costs (+302%). The quarter ended with a net loss of $11.4M, after a profit of $68.5M the previous quarter. Net interest and other expense of $42.3M was the main reason.
Operating cash flow was $129.6M (up 23% year over year). Non-cash charges added back $78.4M of depreciation and amortization and $11.1M of share-based compensation. Working capital and other items added $51.5M. Capital expenditures of $47.8M left free cash flow of $81.8M.
Questions
What was Belden's revenue in the third quarter 2026?
Belden (BDC) reported revenue of $966M for the third quarter 2026 (Q3 2026), +38% from a year earlier and +29% from the quarter before.
Was Belden profitable in the third quarter 2026?
Operating profit was $16.8M (1.7% of revenue) and net loss $11.4M.
Source: Belden 10-Q on SEC EDGAR.