Bel Fuse Q1 sales $178.5M (+17% YoY); GAAP EPS down, non-GAAP up; guides Q2 revenue $195M-$215M

BEL FUSE INC /NJ

Net sales $178.5M, up 17.2% YoY from $152.2M; gross margin 39.0% vs 38.6%.
GAAP net earnings $11.4M (down from $17.9M); non-GAAP net earnings $22.8M (up from $16.8M).
Adjusted EBITDA $34.5M (19.3% of sales) vs $30.9M (20.3% of sales) in Q1-25.
Closed acquisition of dataMate in March 2026; completed business unit realignment.
Q2-26 guidance: sales $195M-$215M, gross margin 38%-40%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEL FUSE INC /NJ updated its second quarter of 2026 guidance (initiated).

Period: second quarter of 2026
Guidance: initiated
Result: guidance update

Exact text from the filing

“Looking ahead, we expect to have a strong second quarter, guiding sales of $195 million to $215 million with gross margin of 38%-40%, supported by robust bookings and higher demand from our defense, commercial air, space, and data solutions customers,” concluded Mr. Tuweiq.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BEL FUSE INC /NJ reported first quarter of 2026 results: revenue $178.5 million, net income $11.4 million.

Period: first quarter of 2026
Revenue: $178.5 million
Net income: $11.4 million
Result: preliminary results

Exact text from the filing

Net sales of $ 178.5 million compared to $152.2 million in Q1-25. Up 17.2% from Q1-25 • Gross profit margin of 39.0% , up from 38.6% in Q1-25 • GAAP net earnings attributable to Bel shareholders of $11.4 million in Q1-26, compared to net earnings of $17.9 million in Q1-25. Non-GAAP net earnings attributable to Bel shareholders of $22.8 million in Q1-26, versus $16.8 million in Q1-25

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Source: SEC EDGAR

accession 0001437749-26-013888

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