ST. LOUIS: Belden Inc. (NYSE: BDC) (“Belden” or the “Company”), a global full-stack networking solutions company, today reported fiscal second quarter results for the period ended June 28, 2026.

Second Quarter 2026 Highlights

• Record revenues of $750 million, up 12% y/y and up 8% y/y organically
• GAAP EPS of $1.74, up 14% y/y
• Adjusted EPS of $2.34, up 24% y/y
• Record orders of $836 million, up 19% 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% year over year, record orders of $836 million, up 19% year over year with a book-to-bill of 1.11, and adjusted EPS of $2.34, up 24% 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 centers 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 centers, 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%, to $750 million from $672 million in the year-ago period. Revenues increased 8% 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%, the same as the year-ago period. EPS totaled $1.74 for the quarter, compared to $1.53 in the year-ago period.

During the second quarter of 2026, the Company recognized 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%, compared to $114 million in the year-ago period. Adjusted EBITDA margin was 19.5%, up 250 bps, compared to 17.0% in the year-ago period. Adjusted EPS was $2.34, increasing 24% 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 center 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.”

Assuming the continuation of current market conditions, the table below provides guidance for the third quarter of 2026, including the contribution from the acquisition of RUCKUS.

Earnings Conference Call

Management will host a conference call today at 8:30 am ET to discuss Belden's quarterly results. The listen-only audio of the conference call will be broadcast live online at https://investor.belden.com. The dial-in number for participants is 1-800-330-6710 with confirmation code 6930188. A replay of this conference call will remain accessible in the investor relations section of the Company’s website for a limited time.

Earnings per Share (EPS) and Organic Growth

All references to EPS within this earnings release refer to net income per diluted share. Organic growth, a non-GAAP measure, is calculated as the change in revenues excluding the impacts from currency exchange rates, copper prices, acquisitions, and divestitures.

BELDEN INC. CONDENSED CONSOLIDATED BALANCE SHEETS
		June 28, 2026				December 31, 2025
		(Unaudited)
		(In thousands)
ASSETS
Current assets:
Cash and cash equivalents		$	348,655			$	389,887
Receivables, net			534,159				462,845
Inventories, net			420,591				402,345
Other current assets			90,436				94,303
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