Belden Inc. (“Belden” or the “Company”), a global full-stack networking solutions company, recently reported fiscal second quarter results for the period ended June 28, 2026.
Second Quarter 2026 Highlights
Record revenues of $750 million, up 12 percent y/y and up 8 percent y/y organically
GAAP EPS of $1.74, up 14 percent y/y
Adjusted EPS of $2.34, up 24 percent y/y
Record orders of $836 million, up 19 percent y/y with a book-to-bill of 1.11
Completed the previously announced acquisition of RUCKUS Networks on July 1, 2026, after the end of the second quarter
“Belden delivered a record second quarter, with record revenue of $750 million, up 12 percent year over year, record orders of $836 million, up 19 percent year over year with a book-to-bill of 1.11, and adjusted EPS of $2.34, up 24 percent year over year,” said Ashish Chand, President and CEO of Belden Inc. “Demand across our end markets is robust and broad-based, and our results reflect the strength of that environment. We have been building our presence in AI data centres for several quarters, and that investment is beginning to show up in our order book. Physical AI, the deployment of intelligent, autonomous systems across factories and distribution centres, is an emerging opportunity we are well-positioned to capture. With RUCKUS now part of Belden, we deliver every layer of the network, from passive infrastructure to Wi-Fi 7 to intelligent cloud management, from a single source. We are excited about what this platform means for our customers and our growth.”
Second Quarter 2026
Revenues for the quarter increased by $78 million, or 12 percent, to $750 million from $672 million in the year-ago period. Revenues increased 8 percent organically. Net income was $69 million, compared to $61 million in the year-ago period. Net income as a percentage of revenues was 9.1 percent, the same as the year-ago period. EPS totalled $1.74 for the quarter, compared to $1.53 in the year-ago period.
During the second quarter of 2026, the Company recognised a net EPS benefit of approximately $0.25 related to the expected recovery of International Emergency Economic Powers Act (“IEEPA”) tariffs, partially offset by the introduction of new tariffs.
Adjusted EBITDA was $146 million, up $32 million, or 28 percent, compared to $114 million in the year-ago period. Adjusted EBITDA margin was 19.5 percent, up 250 bps, compared to 17.0 percent in the year-ago period. Adjusted EPS was $2.34, increasing 24 percent compared to $1.89 in the year-ago period. Adjusted results are non-GAAP measures, and a non-GAAP reconciliation table is provided as an appendix to this release.
Outlook
“Our third quarter outlook reflects a business with strong underlying demand and a meaningfully expanded portfolio following the close of RUCKUS,” said Dr. Chand. “Orders entering the quarter are at record levels, our solutions pipeline continues to grow, and we are seeing increasing engagement from data centre and physical AI customers. While the near-term macroeconomic environment warrants continued discipline, the long-term fundamentals driving our markets remain compelling. We are focused on execution, integration, and capturing the opportunity ahead of us.”
See the breakdown here.
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