Bel Fuse Class B
Builds power, protection, connectivity, and magnetic components for demanding aerospace, defense, industrial, and data applications.
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Profile
Sells power systems, circuit protection, rugged connectors, cable assemblies, networking products, and magnetic components to aerospace, defense, industrial, transportation, medical, and data-infrastructure customers. Revenue comes from standard and customized component sales across end-market-based segments, with most sales attributed to the United States, substantial manufacturing in China, and operations in Israel.
Designs and manufactures power systems, circuit-protection devices, high-reliability connectors and cable assemblies, networking products, and magnetic components for original-equipment manufacturers. Aerospace, Defense & Rugged Solutions serves aircraft, military, space, energy, broadcast, and other harsh-environment applications; Industrial Technology & Data Solutions serves networking, data infrastructure, transportation, medical, semiconductor, consumer, and industrial equipment.
Pairs standard components with customized solutions and application engineering for demanding reliability requirements. Most sales are attributed to the United States, while manufacturing and technical support operate across multiple regions. Operations depend on global supply and production networks, including substantial manufacturing in China and operations in Israel, and remain exposed to defense demand, trade and tariff rules, component availability, and the integration of acquired businesses.
Company facts
Key statistics
Year to date +43.8% · Average volume (30d) 221.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | Northland Securities | Target | $321 | $326 | |
| Jul 14, 2026 | B. Riley | Initiate | Buy | ||
| Jul 13, 2026 | Citigroup | Initiate | Buy | ||
| May 4, 2026 | Northland Securities | Target | $266 | $321 | |
| May 1, 2026 | Robert W. Baird | Target | $170 | $293 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $2.34 | $2.90 | +23.9% | $206.5M | $210.7M | +2.0% | +4.53% |
| Apr 29, 2026Q1 FY26 | $1.62 | $1.81 | +11.7% | $172.1M | $178.5M | +3.7% | +6.81% |
| Feb 17, 2026Q4 FY25 | $1.58 | $1.98 | +25.3% | $172.0M | $175.9M | +2.3% | −6.00% |
| Oct 29, 2025Q3 FY25 | $1.68 | $2.09 | +24.4% | $171.2M | $179.0M | +4.5% | −1.21% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $152.2M | $168.3M | $179.0M | $175.9M | $178.5M | $210.7M | |
| Gross profit | $58.8M | $65.1M | $71.1M | $69.4M | $69.6M | $84.0M | |
| Operating income | $22.1M | $26.1M | $30.8M | $28.8M | $24.4M | $38.4M | |
| Net income | $17.9M | $26.9M | $22.3M | −$5.4M | $11.4M | $32.2M | |
| Diluted EPS | $1.46 | $2.07 | $1.70 | −$0.51 | $0.92 | $1.89 | |
| Gross margin | 38.6% | 38.7% | 39.7% | 39.4% | 39.0% | 39.9% | |
| Operating margin | 14.5% | 15.5% | 17.2% | 16.4% | 13.6% | 18.2% |
Fiscal years (4-quarter sums)FY21 $543.5M · FY22 $654.2M · FY23 $639.8M · FY24 $534.8M · FY25 $675.5M
Revenue by product · Q4 FY25
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $306.1M · Total debt $34.3M · Total assets $1.26B · Shareholders' equity $909.4M
Dividends
Raised for 26 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 15, 2026 | Jul 15 | Jul 31 | $0.07 | |
| Apr 15, 2026 | Apr 15 | May 1 | $0.07 | |
| Jan 15, 2026 | Jan 15 | Jan 30 | $0.07 | |
| Oct 15, 2025 | Oct 15 | Oct 31 | $0.07 | |
| Jul 15, 2025 | Jul 15 | Aug 1 | $0.07 | |
| Apr 15, 2025 | Apr 15 | May 1 | $0.07 | |
| Jan 15, 2025 | Jan 15 | Jan 31 | $0.07 | |
| Oct 15, 2024 | Oct 15 | Nov 1 | $0.07 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 12.11M · Float 11.89M · 98.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.02M | 8.44% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 1.02M | 8.39% | 13F | Aug 14, 2026 |
| FMR LLC | 876.1K | 7.24% | 13F | Aug 13, 2026 |
| Janus Henderson Group PLC | 760.1K | 7.20% | 13G | May 15, 2026 |
| Jupiter Topco LLC | 590.0K | 4.87% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Peter E. Gilbert | director | −500 | $292.12 |
| Mar 16, 2026 | Suzanne Kozlovsky | officer: Global Head of People | −214 | $203.21 |
| Mar 16, 2026 | Stephen Dawson | officer: Pres. - Power Solutions | −3,444 | $203.21 |
| Mar 16, 2026 | Daniel Bernstein | director, 10 percent owner: | −6,667 | $203.21 |
| Mar 16, 2026 | Kenneth Koon Keung Lai | officer: VP of Asia Operations | −552 | $203.21 |
Peers
- Amphenol
Scale interconnect rival in aerospace, defense and datacom
- TE Connectivity
Broad connectivity peer across transport, data networks and A&D
- Littelfuse
Direct circuit-protection peer for fuses and power control
- Eaton
Large power-management peer in data centers, aerospace and eMobility
- Advanced Energy Industries
Precision power-conversion peer for datacenter and telecom loads
- Vicor
Modular power rival for high-density compute and defense systems
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bel Fuse Class B | $248.69 | +0.09% | $3.01B | 62.2 | 23.9 | 4.0 | +25.2% |
| Amphenol | $158.44 | +0.46% | $194.49B | 39.4 | 26.9 | 6.7 | +55.0% |
| TE Connectivity | $202.66 | +0.01% | $58.76B | 19.9 | 16.1 | 3.1 | +13.8% |
| Littelfuse | $405.42 | +0.01% | $10.30B | — | 21.5 | 3.9 | +20.4% |
| Eaton | $403.75 | +0.23% | $156.40B | 41.0 | 26.9 | 5.2 | +21.4% |
| Advanced Energy Industries | $273.50 | +0.25% | $10.93B | 50.9 | 20.0 | 5.4 | +30.0% |
| Vicor | $188.63 | +0.41% | $8.51B | 60.2 | 39.3 | 18.0 | +49.3% |
| Median | 41.0 | 24.2 | 5.3 | +25.7% |