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How Belden (BDC) makes money

Belden (BDC) made $966M of revenue in the third quarter 2026 (Q3 2026), +38% from a year earlier. Automation brought in $444M (46%); Smart Buildings brought in $184M (19%); Broadband brought in $170M (18%).

Drawing the Sankey…

Belden revenue by segment, Q3 2026Belden revenue by segment, Q3 2026Automation$444MSmart Buildings$184MBroadband$170MWireless$168M
Belden: revenue by line, Q1 2026 to Q3 2026Belden: revenue by line, Q1 2026 to Q3 2026AutomationSmart BuildingsBroadbandWirelessAutomation: $444M latest$444MSmart Buildings: $184M latest$184MBroadband: $170M latest$170MWireless: $168M latest$168MQ1 2026Q2 2026Q3 2026
Automation went from 56% of revenue in Q1 2026 to 46% in Q3 2026, the largest shift in the mix.
Belden revenue by quarterBelden revenue by quarter$625MQ1 2025$672MQ2 2025$698MQ3 2025$720MQ4 2025$696MQ1 2026$750MQ2 2026$966MQ3 2026
Belden: where each dollar of revenue goesBelden: where each dollar of revenue goesOperating cash flow13¢Free cash flow8¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Automation$444M46.0%—+17%
Smart Buildings$184M19.1%—+23%
Broadband$170M17.6%—+2%
Wireless$168M17.4%——

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$966M100.0%
Operating cash flow$130M13.4%
Free cash flow$81.8M8.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$966M+38%
Q2 2026$750M+12%
Q1 2026$696M+11%
Q4 2025$720M+8%
Q3 2025$698M+7%
Q2 2025$672M+11%
Q1 2025$625M+17%

From Belden's 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Belden make money?

Belden (BDC) made $966M of revenue in the third quarter 2026 (Q3 2026), +38% from a year earlier. Automation brought in $444M (46%); Smart Buildings brought in $184M (19%); Broadband brought in $170M (18%).

What is Belden's biggest business?

Automation: $444M in the third quarter 2026, 46% of revenue, +17% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.