Littelfuse (NASDAQ:LFUS) Posts Quarterly Earnings Results, Beats Estimates By $0.48 EPS

Key Points

• Q1 beat expectations: Adjusted EPS was $3.31 vs. $2.83 consensus and revenue was $657M (≈+18.5% YoY), with adjusted EBITDA margin of 22.9% and free cash flow of $66M leaving net leverage near 1x.
• Raised guidance and demand strength: Littelfuse set Q2 guidance of $3.65–$3.85 EPS and $690–$710M sales, citing broad demand (data center, grid utility, diversified industrials), >1.0 book‑to‑bill and strong bookings, and noted the Basler acquisition is integrating quickly and driving industrial growth.
• Caveats for investors: GAAP net margin was negative 3.0% (indicating significant adjustments/one‑offs to non‑GAAP results), insiders have recently sold shares, and the company announced a $0.75 quarterly dividend (≈0.7% yield).

Littelfuse (NASDAQ:LFUS - Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported $3.31 EPS for the quarter, topping the consensus estimate of $2.83 by $0.48, FiscalAI reports. The firm had revenue of $656.97 million during the quarter, compared to analyst estimates of $638.98 million. Littelfuse had a positive return on equity of 10.53% and a negative net margin of 3.00%.The business's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.19 EPS. Littelfuse updated its Q2 2026 guidance to 3.650-3.850 EPS.

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

• Reported a strong quarter with net sales of $657M (+19% YoY, +9% organic), adjusted EBITDA margin of 22.9% (+280 bps), adjusted EPS of $3.31 (+51%), and free cash flow of $66M, leaving net leverage at ~1x.
• The December Basler acquisition is integrating quickly, contributing meaningfully to industrial growth (Basler = ~39% of industrial sales growth) and producing strategic design wins in high‑power grid and data center systems.
• Demand breadth improved across key end markets—data center, grid utility infrastructure, and diversified industrials—with book‑to‑bill well above 1.0 and bookings >20% YoY, while transportation showed content gains despite soft production.
• Operational initiatives drove margin expansion (200–340 bps uplift across segments), but the company is still in the early stages of power semiconductor product rationalization and footprint optimization, which management says should improve long‑term profitability.
• Second‑quarter guidance calls for $690–710M sales (+14% YoY, +8% organic) and $3.65–3.85 adjusted EPS, and management will provide a detailed financial playbook and M&A strategy at Investor Day on May 14.

Littelfuse Stock Up 4.5%

NASDAQ:LFUS traded up $18.87 during mid-day trading on Wednesday, hitting $441.67. 794,924 shares of the company's stock traded hands, compared to its average volume of 270,756. The company has a fifty day moving average of $359.89 and a 200 day moving average of $307.40. Littelfuse has a twelve month low of $188.08 and a twelve month high of $475.00. The company has a market capitalization of $11.11 billion, a P/E ratio of -152.30, a P/E/G ratio of 2.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.91 and a current ratio of 2.69.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, May 21st. Littelfuse's dividend payout ratio is currently -103.45%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LFUS. Wall Street Zen lowered Littelfuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 21st. Williams Trading set a $450.00 price target on Littelfuse in a research report on Friday, May 1st. Benchmark raised Littelfuse from a "hold" rating to a "buy" rating and set a $360.00 price target for the company in a research report on Thursday, January 29th. Oppenheimer boosted their price target on Littelfuse from $380.00 to $430.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. Finally, UBS Group set a $360.00 price target on Littelfuse in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $401.67.

Key Stories Impacting Littelfuse

Here are the key news stories impacting Littelfuse this week:

• Positive Sentiment: Q1 results beat expectations — Non‑GAAP EPS $3.31 vs. $2.83 consensus; revenue $657.0M vs. ~$639M estimate; revenue +18.5% year‑over‑year. Management described execution on demand and strategy as drivers. Littelfuse Reports First Quarter Results for 2026
• Positive Sentiment: Raised Q2 2026 guidance — Company set EPS guidance of $3.65–$3.85 (above consensus ~3.40) and revenue guidance of $690–$710M (vs. consensus ~$688M), signaling continued demand and margin expectations. Press Release / Slide Deck
• Positive Sentiment: Analyst/media coverage and call transcripts available — Multiple outlets posted call transcripts and writeups that highlighted beat + guide, helping consensus realignment and investor interest. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Quarterly dividend declared — Board approved $0.75 per share quarterly dividend (record May 21; payable June 4); yield ~0.7% — supportive for income investors but small relative to valuation.
• Neutral Sentiment: Investor materials posted — Company released slides and press materials and the conference‑call transcript for deeper review; useful for models but no new surprise beyond results/guidance. Conference Call Slide Deck
• Negative Sentiment: GAAP profitability nuance — Despite strong non‑GAAP results, filings note a negative net margin (-3.0%), implying GAAP adjustments or one‑time items that investors should review; this is a potential caveat for those focused on GAAP earnings/valuation. MarketBeat Earnings Summary

Insider Activity at Littelfuse

In other news, Director Anthony Grillo sold 5,000 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $346.24, for a total transaction of $1,731,200.00. Following the sale, the director directly owned 69,423 shares of the company's stock, valued at $24,037,019.52. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kristina A. Cerniglia sold 2,343 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $368.38, for a total value of $863,114.34. Following the completion of the transaction, the director directly owned 4,255 shares in the company, valued at approximately $1,567,456.90. The trade was a 35.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,351 shares of company stock worth $5,384,405 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of Littelfuse

Several large investors have recently added to or reduced their stakes in LFUS. Royal Bank of Canada lifted its holdings in shares of Littelfuse by 3.6% during the first quarter. Royal Bank of Canada now owns 32,206 shares of the technology company's stock worth $6,337,000 after purchasing an additional 1,107 shares during the period. Advisors Asset Management Inc. increased its holdings in Littelfuse by 42.0% in the 1st quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company's stock worth $61,000 after buying an additional 92 shares during the period. AQR Capital Management LLC increased its holdings in Littelfuse by 93.6% in the 1st quarter. AQR Capital Management LLC now owns 20,073 shares of the technology company's stock worth $3,892,000 after buying an additional 9,706 shares during the period. Geneos Wealth Management Inc. increased its holdings in Littelfuse by 104.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the technology company's stock worth $66,000 after buying an additional 170 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Littelfuse by 652.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the technology company's stock worth $119,000 after buying an additional 457 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

About Littelfuse

Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse's offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.

The company's product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.

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