Filing Flows › BEL Fuse (BELFA) › Q3 2026 › vs Q2 2026
BEL Fuse (BELFA) Q3 2026 vs Q2 2026 (quarter over quarter)
BEL Fuse's revenue rose $9.8M (+5%) from $211M in Q2 2026 to $221M in Q3 2026. The biggest changes: Industrial Technology and Data Solutions Segment +$13.7M (+14%); Aerospace, Defense, and Rugged Solutions Segment −$3.9M (-3%). Gross margin 40.9% against 39.9% (+1.1 pts).
BEL Fuse, Q3 2026: revenue $221M (+23% year over year), operating margin 17.9%, net earnings $26.3M, operating cash flow $34.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 40.9% | 39.9% | +1.1 pts |
| Operating margin | 17.9% | 18.2% | -0.3 pts |
| Net margin | 11.9% | 12.1% | -0.2 pts |
| Free cash flow margin | 12.7% | 7.4% | +5.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Industrial Technology and Data Solutions Segment | $114M | $100M | $13.7M | +14% |
| Aerospace, Defense, and Rugged Solutions Segment | $107M | $110M | −$3.9M | -3% |
| Revenue | $221M | $211M | $9.8M | +5% |
| Gross profit | $90.3M | $84.0M | $6.3M | +8% |
| Cost of revenue | $130M | $127M | $3.5M | +3% |
| Other income, net | $7.1M | −$659K | $7.7M | — |
| Operating profit | $39.6M | $38.4M | $1.1M | +3% |
| Operating expenses | $50.7M | $45.5M | $5.2M | +11% |
| Pre-tax earnings | $46.6M | $37.8M | $8.9M | +24% |
| Research & development | $8.8M | $9.0M | −$211K | -2% |
| SG&A | $39.4M | $36.3M | $3.2M | +9% |
| Other operating costs | $2.5M | $257K | $2.2M | +871% |
| Net earnings | $26.3M | $25.5M | $810K | +3% |
| Minority interests | $12.1M | $8.5M | $3.6M | +42% |
| Income tax | $8.3M | $3.8M | $4.5M | +118% |
| Depreciation & amortization | $7.3M | $6.9M | $360K | +5% |
| Share-based compensation | $3.0M | $3.0M | $13K | +0.4% |
| Working capital & other | $2.4M | $17.5M | −$15.1M | -86% |
| Operating cash flow | $34.2M | $17.9M | $16.3M | +91% |
| Free cash flow (OCF − capex) | $28.0M | $15.7M | $12.4M | +79% |
| Capital expenditures | $6.1M | $2.2M | $3.9M | +174% |
Questions
How much did BEL Fuse's revenue grow quarter over quarter in Q3 2026?
BEL Fuse's revenue rose $9.8M (+5%) from $211M in Q2 2026 to $221M in Q3 2026.
What drove BEL Fuse's revenue change in Q3 2026?
Industrial Technology and Data Solutions Segment +$13.7M (+14%); Aerospace, Defense, and Rugged Solutions Segment −$3.9M (-3%).