Belden Inc (BDC)
NYSE:BDC
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.02Last Year’s EPS
1.89Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive tone driven by strong Q1 financial performance (11% revenue and EPS growth), improving margins, continued solutions momentum and a strategic, financially compelling acquisition of Ruckus that materially strengthens the company’s active networking, software and addressable market. Management provided conservative standalone guidance and a clear deleveraging plan backed by committed financing, but flagged near-term macro uncertainty, modest margin dilution from pass-throughs, increased leverage from the acquisition, and integration/regulatory risks. Overall, the positives on growth, margin accretion, strategic fit and cash-flow-backed deleveraging materially outweigh the flagged risks.Company Guidance
Strong Quarterly Revenue and EPS Growth
Q1 revenue of $696 million, up 11% year-over-year; adjusted EPS of $1.77, up 11% year-over-year. Both revenue and adjusted EPS exceeded the high end of guidance.
Healthy Organic Growth Across Businesses
Organic revenue growth of 7% year-over-year with growth across all markets and regions; Americas (U.S.) up high single-digits. Automation delivered mid-single-digit organic growth, Smart Buildings grew double-digits organically, and Broadband grew mid-single-digits in a seasonally slower period.
Improving Profitability and Margin Expansion
Adjusted EBITDA of $118 million, up 14% year-over-year. Adjusted EBITDA margin expanded 40 basis points to 17%. Excluding copper and tariff pass-throughs, adjusted gross margins were flat and adjusted EBITDA margins expanded approximately 100 basis points year-over-year. Incremental EBITDA margins remained in the 25%–30% target range.
Continued Solutions Transformation and Financial Track Record
Since 2019 revenue grew at a 5% CAGR to a record $2.7 billion in 2025; adjusted EPS grew at a 12% CAGR to $7.54 in 2025. Solutions reached 15% of total revenue in 2025 and management expects to accelerate toward over 20% (2028 target) and a medium-term framework around ~30%.
Strategic Ruckus Acquisition Strengthens Portfolio
Announced agreement to acquire Ruckus Networks for approximately $1.85 billion in cash (~13x projected 2026 adjusted EBITDA). Ruckus had $687 million revenue in 2025, gross margins above 60%, and a large customer base (48,000 customers) and ~1,700 employees. Pro forma 2025 Ruckus represents ~20% of combined revenue and increases combined solutions mix from 15% to over 20%.
Immediate Financial Benefits from Acquisition
Ruckus' high-margin active product portfolio is expected to be accretive to consolidated gross margins, EBITDA margins and adjusted EPS immediately upon close; management expects Ruckus to deliver high single-digit revenue growth and ~20% EBITDA margins in the first full year of ownership.
Strong Pro Forma Cash Flow and Deleveraging Plan
Combined business expected to have a pro forma adjusted EBITDA base of ~ $650 million and pro forma unlevered free cash flow of more than $360 million. Fully committed financing provided by JPMorgan and a clear path to reduce net leverage to ~2.9x by year-end 2027 and ~1.5x by year-end 2029.
Conservative Near-Term Guidance
Standalone Q2 guidance (excludes Ruckus) of revenue $735M–$750M, GAAP EPS $1.53–$1.63 and adjusted EPS $1.95–$2.05, reflecting typical seasonality and measured view of current market conditions.
Growing Exposure to AI and Data Center Opportunities
Data center category grew double-digits in the quarter; company is pursuing AI data center and physical AI opportunities (including an OptiCool cooling integration) with consistent mid-sized AI-related wins and ongoing pilots for physical AI in manufacturing.
BDC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $127.50 | $112.48 | -11.78% |
Feb 12, 2026 | $142.17 | $150.85 | +6.10% |
Oct 30, 2025 | $119.27 | $122.16 | +2.42% |
Jul 31, 2025 | $127.89 | $123.50 | -3.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Belden Inc (BDC) report earnings?
Belden Inc (BDC) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Belden Inc (BDC) earnings time?
Belden Inc (BDC) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BDC EPS forecast?
BDC EPS forecast for the fiscal quarter 2026 (Q2) is 2.02.