Bel Fuse Industrial Technology & Data Solutions Sales Gain 37.8%

The Tip Desk · November 8, 2026 · 2 min read

Third-quarter sales were $220.5 million as Industrial Technology & Data Solutions posted $113.9 million and the company guided fourth-quarter sales of $220 million to $240 million.

Bel Fuse Inc. (BELFA) reported third-quarter 2026 net sales of $220.5 million, up 23.2% from $179.0 million a year earlier, as Industrial Technology & Data Solutions carried the year-over-year increase.

The electronic-components maker said the quarter was led by Data Solutions, the Industrials end market, and distribution partners. Sequential sales rose from $210.7 million in the second quarter. Year-over-year growth slowed from 25.1% in that prior quarter. Results were within the company’s earlier $205 million to $225 million sales range.

Industrial Technology & Data Solutions sales were $113.9 million, up 37.8% from $82.7 million in the year-ago quarter, with gross margin of 42.7% versus 38.0%. Aerospace, Defense & Rugged Solutions sales were $106.6 million, up 10.7% from $96.3 million, with gross margin of 39.6% versus 41.1%.

Company-wide gross profit margin was 40.9%, up from 39.7% a year earlier and from 39.9% in the second quarter. Adjusted EBITDA was $52.5 million, or 23.8% of sales, compared with $39.2 million, or 21.9% of sales, in the year-ago quarter.

GAAP net earnings attributable to Bel shareholders were $26.3 million, versus $22.3 million in the year-ago quarter. Non-GAAP net earnings attributable to Bel shareholders were $44.0 million, versus $26.3 million. The GAAP result included an $11.8 million redemption value adjustment attributable to noncontrolling interest.

President and CEO Farouq Tuweiq said the quarter reflected momentum across key end markets, supported by focused execution across the global organization.

The company guided fourth-quarter 2026 net sales of $220 million to $240 million and gross margin of 40.0% to 42.0%. Tuweiq said Bel expects a strong fourth quarter and remains focused on serving customers, executing its growth strategy, and creating long-term value for shareholders.