Filing Flows › BEL Fuse (BELFA) › How it makes money
How BEL Fuse (BELFA) makes money
BEL Fuse (BELFA) made $221M of revenue in the third quarter 2026 (Q3 2026), +23% from a year earlier. Industrial Technology and Data Solutions Segment brought in $114M (52%); Aerospace, Defense, and Rugged Solutions Segment brought in $107M (48%). Of every dollar of revenue, 41¢ was left as gross profit, 18¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Industrial Technology and Data Solutions Segment | $114M | 51.7% | +14% | +38% |
| Aerospace, Defense, and Rugged Solutions Segment | $107M | 48.3% | -3% | +11% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $221M | 100.0% |
| Cost of revenue | $130M | 59.1% |
| Gross profit | $90.3M | 40.9% |
| Operating expenses | $50.7M | 23.0% |
| Operating profit | $39.6M | 17.9% |
| Income tax | $8.3M | 3.7% |
| Net earnings | $26.3M | 11.9% |
| Operating cash flow | $34.2M | 15.5% |
| Free cash flow | $28.0M | 12.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $221M | +23% |
| Q2 2026 | $211M | +25% |
| Q1 2026 | $178M | +17% |
| Q4 2025 | $176M | +17% |
| Q3 2025 | $179M | +45% |
| Q2 2025 | $168M | +26% |
| Q1 2025 | $152M | +19% |
From BEL Fuse's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does BEL Fuse make money?
BEL Fuse (BELFA) made $221M of revenue in the third quarter 2026 (Q3 2026), +23% from a year earlier. Industrial Technology and Data Solutions Segment brought in $114M (52%); Aerospace, Defense, and Rugged Solutions Segment brought in $107M (48%). Of every dollar of revenue, 41¢ was left as gross profit, 18¢ was left as operating profit, 12¢ was left as net earnings.
What is BEL Fuse's biggest business?
Industrial Technology and Data Solutions Segment: $114M in the third quarter 2026, 52% of revenue, +38% from a year earlier.
What is BEL Fuse's profit margin?
Net earnings were $26.3M, 11.9% of revenue, in the third quarter 2026; the operating margin was 17.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.