Bel Fuse Q2 sales $210.7M (+25% YoY); non-GAAP net earnings $39.1M; equity raise $441.6M

BEL FUSE INC /NJ

Net sales $210.7M, up 25.1% YoY; gross margin 39.9% vs 38.7% in Q2-25.
GAAP net earnings $25.5M; non-GAAP net earnings $39.1M; adjusted EBITDA $48.9M (23.2% of sales).
Raised $441.6M net proceeds from equity offering; paid down $197.5M of debt.
Q3-26 guidance: sales $205-225M, gross margin 39-41%.
Bookings healthy; defense and data solutions demand driving growth.

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