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%.

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