Filing Flows › BEL Fuse (BELFA) › Q2 2026
BEL Fuse (BELFA) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
BEL Fuse (BELFA) reported revenue of $211M for the second quarter 2026 (Q2 2026), +25% from a year earlier and +18% from the quarter before. Operating margin was 18.2%, net earnings $25.5M (12.1% of revenue).
BEL Fuse, Q2 2026: revenue $211M (+25% year over year), operating margin 18.2%, net earnings $25.5M, operating cash flow $17.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | +18% | +25% |
| Gross profit | $84.0M | +21% | +29% |
| Operating profit | $38.4M | +62% | +29% |
| Net earnings | $25.5M | +124% | -5% |
| Operating cash flow | $17.9M | +30% | -13% |
| Free cash flow | $15.7M | +40% | -7% |
What changed
Revenue was $210.7M in Q2 2026, up 25% year over year and up 18% from the previous quarter. Aerospace, Defense, and Rugged Solutions Segment was the largest line at 52% of revenue. Industrial Technology and Data Solutions Segment added $23.8M year over year (up 31%), 56% of the total change.
Gross margin was 39.9%, up 1.2 points from Q2 2025. Operating profit was $38.4M, a 18.2% margin (up 0.5 points year over year). Of the extra revenue versus Q2 2025, 20% reached operating profit, above the 18% margin then. Operating expenses grew 29% against revenue growth of 25%. Net earnings were $25.5M, down 5% year over year. The effective tax rate was 10.0%.
Operating cash flow was $17.9M (down 13% year over year), 53% of net income including minority interests. Non-cash charges added back $6.9M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $26.0M. Capital expenditures of $2.2M left free cash flow of $15.7M.
Questions
What was BEL Fuse's revenue in the second quarter 2026?
BEL Fuse (BELFA) reported revenue of $211M for the second quarter 2026 (Q2 2026), +25% from a year earlier and +18% from the quarter before.
Was BEL Fuse profitable in the second quarter 2026?
Operating profit was $38.4M (18.2% of revenue) and net earnings $25.5M.
Source: BEL Fuse 10-Q on SEC EDGAR.