Belden Q2 revenue rises 12%, slightly beats estimates

Overview

• Networking solutions provider's Q2 revenue rose 12% yr/yr, slightly beating analyst expectations

• Adjusted EPS for Q2 increased 24% and beat analyst expectations

• Company completed RUCKUS Networks acquisition after quarter end, expanding portfolio

Outlook

• Belden sees Q3 2026 revenue between $950 mln and $970 mln

• Company expects Q3 2026 adjusted EPS of $2.15 to $2.30

• Belden says strong demand and expanded portfolio drive Q3 outlook

Result Drivers

• STRONG END-MARKET DEMAND - Co said demand was robust and broad-based across end markets, driving record revenue and orders

• AI DATA CENTER GROWTH - Co said investments in AI data centers are beginning to show up in the order book

• TARIFF RECOVERY - Co recognized a net EPS benefit from the expected recovery of IEEPA tariffs, partially offset by new tariffs

Company press release: ID:nBw6YDWtSa

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the communications networking peer group is "buy"

• Wall Street's median 12-month price target for Belden Inc is $152.00, about 49% above its July 29 closing price of $102.03

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads

• July 30 - Wesco Q2 revenue beats on data center sales

• July 29 - Amphenol Q2 sales beat estimates on strong IT datacom demand

• July 28 - Electrical equipment maker Hubbell lifts profit forecast amid demand from data centers

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)