Belden Posts Record Q2 Revenue of $750M, Guides Q3 Revenue to $950M–$970M

summarizeSummary

Belden reported record Q2 2026 revenue of $750M and adjusted EPS of $2.34, beating estimates, and guided Q3 revenue to $950M–$970M including the RUCKUS acquisition.

check_boxKey Events · Earnings and Guidance · BDC

• Record Q2 Revenue and Earnings Beat

  Revenue of $750M, up 12% y/y, with adjusted EPS of $2.34, up 24% y/y, exceeding consensus estimates.

• Record Orders and Strong Book-to-Bill

  Orders reached a record $836M, up 19% y/y, with a book-to-bill ratio of 1.11, signaling sustained demand.

• Q3 Guidance Includes RUCKUS Acquisition

  Q3 revenue guidance of $950M–$970M and adjusted EPS of $2.15–$2.30, reflecting the first full quarter contribution from RUCKUS Networks.

• RUCKUS Acquisition Closed July 1

  The $1.87B acquisition of RUCKUS Networks, funded by a $1.85B term loan, closed after quarter-end, expanding Belden's networking portfolio.

auto_awesomeAnalysis · BDC · Manufacturing

Second-quarter results set a new high-water mark for Belden, with revenue climbing 12% year-over-year to $750 million and adjusted EPS reaching $2.34—both comfortably ahead of consensus. Orders surged 19% to a record $836 million, driving a book-to-bill of 1.11, a powerful leading indicator of future growth. The company also initiated third-quarter guidance that incorporates the recently closed RUCKUS acquisition, calling for revenue of $950 million to $970 million and adjusted EPS of $2.15 to $2.30. Together, the beat and the raised outlook confirm robust demand across end markets, particularly in AI data centers, and mark the first quarter to include RUCKUS, which closed on July 1. The stock is likely to react positively to the beat and raised outlook.