Belden (NYSE:BDC) Releases Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Key Points

• Belden delivered record second-quarter results: Revenue rose 12% year over year to $750 million, while adjusted EPS reached $2.34, beating estimates by $0.30. Orders climbed 19% to a record $836 million, producing a 1.11 book-to-bill ratio.
• Growth was broad-based and AI-related demand accelerated: Organic growth reached 8%, with strength across automation, manufacturing, data centers and healthcare. Hyperscaler orders totaled about $40 million, including a $20 million AI data-center fiber connectivity contract.
• The RUCKUS acquisition adds growth potential but increases near-term leverage: Management expects the deal to be immediately accretive, though net leverage could rise to approximately 3.9 times adjusted EBITDA in the third quarter. Third-quarter adjusted EPS guidance of $2.15–$2.30 is broadly in line with expectations, but slightly below the consensus midpoint.

Belden (NYSE:BDC - Get Free Report) announced its quarterly earnings data on Thursday. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.30, FiscalAI reports. The business had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.89 million. Belden had a return on equity of 24.47% and a net margin of 8.49%.Belden's quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Belden updated its Q3 2026 guidance to 2.150-2.300 EPS.

Here are the key takeaways from Belden's conference call:

• Belden reported record second-quarter results: revenue rose 12% year over year to $750 million, adjusted EPS increased 24% to $2.34, and orders reached a record $836 million with a 1.11 book-to-bill ratio. Results exceeded the high end of guidance, although EPS included an approximately $0.25 benefit from expected tariff recovery.
• Demand was broad-based, with organic growth of 8% and double-digit growth in Automation, discrete manufacturing, process manufacturing, data centers, and healthcare. Broadband was flat year over year, but management expects improvement in the second half from DOCSIS upgrades and new fiber products.
• Belden highlighted accelerating AI infrastructure momentum, including approximately $40 million of hyperscaler orders in the quarter and a $20 million contract for high-density fiber connectivity in an AI data center. Its data center and AI infrastructure business, excluding RUCKUS, now has an annualized revenue run rate of approximately $175 million or more.
• The RUCKUS Networks acquisition closed July 1 and is expected to be immediately accretive to revenue growth, EPS, and EBITDA. Management sees cross-selling opportunities across industrial, warehouse, manufacturing, healthcare, hospitality, and venues, while raising the combined company’s solutions mix above 20% and long-term organic growth outlook toward the high-single-digit range.
• The acquisition is expected to increase net leverage to approximately 3.9 times adjusted EBITDA by the end of the third quarter, creating near-term balance-sheet pressure. Belden expects more than $500 million of combined free cash flow over 18 months to reduce leverage to 1.5 times by the end of 2029, while also cautioning that RUCKUS integration will cause temporary inefficiencies.

Belden Price Performance

BDC stock traded up $15.45 during trading on Thursday, hitting $117.48. 948,852 shares of the stock traded hands, compared to its average volume of 447,534. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 19.78 and a beta of 1.12. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.98. Belden has a one year low of $98.00 and a one year high of $159.99. The company has a 50 day simple moving average of $109.96 and a 200 day simple moving average of $119.30.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Tuesday, June 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 16th. Belden's dividend payout ratio (DPR) is currently 3.37%.

Hedge Funds Weigh In On Belden

Several institutional investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. boosted its stake in Belden by 4.6% in the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company's stock worth $275,000 after purchasing an additional 100 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Belden by 32.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company's stock valued at $52,000 after buying an additional 106 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Belden by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the industrial products company's stock valued at $119,000 after buying an additional 116 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Belden by 3.8% in the second quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company's stock valued at $452,000 after buying an additional 142 shares during the last quarter. Finally, Vise Technologies Inc. lifted its position in Belden by 2.1% during the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company's stock worth $849,000 after buying an additional 144 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BDC. Wall Street Zen upgraded shares of Belden from a "hold" rating to a "buy" rating in a research note on Monday, July 20th. DA Davidson assumed coverage on Belden in a research note on Tuesday, June 16th. They set a "buy" rating and a $155.00 target price for the company. Fox Advisors upgraded shares of Belden from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Truist Financial boosted their price objective on Belden from $150.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings downgraded shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Belden has an average rating of "Buy" and a consensus target price of $158.75.

Trending Headlines about Belden

Here are the key news stories impacting Belden this week:

• Positive Sentiment: Adjusted EPS beat expectations: Belden reported second-quarter adjusted EPS of $2.34, compared with the $2.04 analyst consensus and $1.89 in the prior-year period. GAAP EPS was $1.74, up 14% year over year. Belden Reports Record Second Quarter 2026 Results
• Positive Sentiment: Revenue and organic growth were solid: Second-quarter revenue reached a record $750 million, up 12% year over year and 8% organically, modestly exceeding the $746.9 million consensus estimate. Belden Shares Rise After Fiscal Q2 Beat
• Positive Sentiment: Demand indicators strengthened: Record orders of $836 million increased 19% year over year, producing a favorable 1.11 book-to-bill ratio. This suggests healthy demand and potential support for future sales. Belden 2026 Q2 Results Earnings Call Presentation
• Positive Sentiment: Belden completed its previously announced acquisition of RU, adding to the company’s expansion and networking-solutions strategy. Belden Reports Record Second Quarter 2026 Results
• Neutral Sentiment: Belden received an Emerson supplier sustainability award. The recognition may support customer relationships and corporate reputation, but it is unlikely to be a major near-term earnings catalyst. Belden Receives Emerson Supplier Sustainability Award
• Negative Sentiment: Third-quarter guidance was broadly in line but slightly mixed: Adjusted EPS guidance of $2.15–$2.30 has a midpoint just below the $2.25 consensus, while revenue guidance of $950 million–$970 million is centered near the $959 million consensus. This may limit additional upside unless execution exceeds expectations. Belden Third-Quarter Guidance

Belden Company Profile

Belden, formerly Belden Inc NYSE: BDC, was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.

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