Belden (NYSE:BDC) Announces Quarterly Earnings Results

Key Points

• Record third-quarter results: Belden reported revenue of $965.95 million, up 38.3% year over year and above estimates, while adjusted EPS of $2.26 matched consensus. Orders rose 46% to a record $1.017 billion.
• Data-center demand strengthened: A new roughly $100 million 2027 fiber-solutions contract increased Belden’s expected 2027 data-center business to approximately $275 million.
• Outlook remains positive but includes risks: Management maintained fourth-quarter guidance of $960 million–$980 million in revenue and $2.20–$2.35 adjusted EPS, though component shortages constrained Ruckus shipments and contributed to a $11.4 million GAAP net loss.

Belden (NYSE:BDC - Get Free Report) issued its earnings results on Thursday. The industrial products company reported $2.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.26, FiscalAI reports. Belden had a net margin of 8.52% and a return on equity of 25.00%. The firm had revenue of $965.95 million for the quarter, compared to the consensus estimate of $961.91 million. During the same quarter in the prior year, the firm posted $1.97 earnings per share. The business's revenue was up 38.3% on a year-over-year basis.

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

• Record third-quarter performance: Revenue reached $966 million, up 38% year over year, while adjusted EPS rose 15% to $2.26. Orders exceeded $1 billion for the first time, up 46% year over year, with a 1.05 book-to-bill ratio.
• AI data-center momentum accelerated: Belden signed a $100 million 2027 fiber-solutions contract, lifting its expected 2027 data-center business to approximately $275 million from the previously announced $175 million run rate. Management said supply and capacity are secured for that outlook.
• Ruckus shipments were constrained by component shortages: Although Ruckus orders rose 10% and demand for Wi-Fi 7 and multi-gigabit switches remained strong, revenue fell 6% to $168 million as chipset availability and extended lead times delayed shipments. Management expects phased improvement into 2027 but acknowledged an estimated $10 million-$15 million of quarterly revenue was deferred or missed.
• Core markets and integration trends remained favorable: Automation and Smart Buildings delivered double-digit organic growth, with orders in both categories up roughly 30%. Belden also cited growing cross-selling opportunities between its legacy portfolio and Ruckus across industrial, campus, healthcare, and data-center customers.
• Fourth-quarter outlook and deleveraging plan were maintained: Belden expects fourth-quarter revenue of $960 million-$980 million and adjusted EPS of $2.20-$2.35, implying 14%-16% full-year adjusted EPS growth. Free cash flow of $82 million in the quarter supports management’s plan to reduce net leverage from 3.9 times currently to approximately 2.9 times or less by the end of 2027.

Belden Price Performance

BDC stock traded up $0.36 during midday trading on Thursday, hitting $107.02. The company's stock had a trading volume of 448,481 shares, compared to its average volume of 430,770. Belden has a 12 month low of $96.06 and a 12 month high of $159.99. The company has a 50 day moving average of $112.22 and a two-hundred day moving average of $118.28. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 17.40 and a beta of 1.13.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden's payout ratio is currently 3.25%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BDC. Wall Street Zen cut Belden from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 29th. Weiss Ratings raised Belden from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, September 3rd. Fox Advisors upgraded Belden from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. Zacks Research lowered Belden from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. Finally, Truist Financial reissued a "buy" rating and issued a $145.00 target price (down from $155.00) on shares of Belden in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.00.

Key Belden News

Here are the key news stories impacting Belden this week:

• Positive Sentiment: Third-quarter revenue reached a record $965.95 million, up 38.3% year over year and above the approximately $961.9 million consensus estimate. Organic revenue increased 11%. Belden Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 27, 2026
• Positive Sentiment: Orders climbed 46% year over year to a record $1.017 billion, producing a 1.05 book-to-bill ratio. Belden also announced a roughly $100 million fiber-solutions agreement with a major U.S. data-center customer for 2027, supporting the company’s exposure to data-center infrastructure spending. Belden Reports Record Third Quarter 2026 Results and Announces $100 Million Data Center Agreement for 2027
• Positive Sentiment: Adjusted EPS was $2.26, matching analyst expectations, while revenue growth and the strong order pipeline indicate continued operating momentum. Belden earnings results
• Neutral Sentiment: Management expects fourth-quarter revenue of $960 million to $980 million and adjusted EPS of $2.20 to $2.35. The range suggests broadly stable performance but leaves limited room for an upside surprise. Belden fourth-quarter adjusted EPS outlook
• Negative Sentiment: Belden posted a GAAP net loss of $11.4 million, or $0.29 per share, compared with $56.7 million of net income and $1.41 EPS a year earlier. Non-cash purchase-accounting charges were a major factor, but the headline loss likely pressured the stock. Belden turns to loss in third quarter

About Belden

Belden Inc NYSE: BDC is a global provider of signal transmission and networking solutions. The company designs and manufactures products that support the secure movement of data, audio and video across enterprise, industrial and broadcast environments.

Its product portfolio includes copper and fiber-optic cable, connectors, patching and rack systems, industrial Ethernet equipment, network infrastructure, cybersecurity and software-enabled solutions. Belden's offerings are used in applications such as industrial automation, transportation, energy, enterprise networking, data centers, smart buildings and professional broadcasting.

Founded in 1902, Belden serves customers through operations and distribution channels spanning North America, Europe, Asia and other international markets.

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