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Belden Inc (BDC)
NYSE:BDC
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.71Last Year’s EPS
1.6Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial performance: record quarterly and annual revenue, record adjusted EPS, robust order growth, healthy cash generation, successful share repurchases, and accelerating solutions momentum (solutions >15% and pipeline +26%). Margin improvements and favorable underlying profitability (excluding pass-throughs) were highlighted. Challenges are present—broadband softness in H2, margin dilution from pass-through pricing, copper price volatility and inventory timing effects, and an early-stage data center opportunity—but these issues are presented as manageable and being actively addressed through pricing, regional supply strategies, product mix shift (fiber/wireless), and an organizational realignment to scale solutions. Overall, the positive financial results and strategic progress outweigh the headwinds noted on the call.Company Guidance
Record Quarterly and Annual Revenue
Q4 revenue of $720,000,000 (record) which was up 8% year-over-year and exceeded the high end of guidance; full year 2025 revenue of ~$2,700,000,000 (record), up 10% year-over-year.
Record Earnings Per Share
Adjusted EPS of $2.08 in Q4 (record), up 8% YoY; full year adjusted EPS of $7.54 (record), up 19% YoY.
Strong Orders and Organic Growth
Order momentum: Q4 orders +12% YoY and +5% sequentially; full year orders were a record. Organic revenue growth of 5% in Q4 and 6% for the full year (Automation Solutions organic +11%, Smart Infrastructure Solutions organic +1%).
Profitability and Margin Improvement
Q4 EBITDA of $122,000,000, up 7% YoY; full year EBITDA of $459,000,000, up 12% YoY. Reported gross profit margin 38.5% (+40 bps YoY) and EBITDA margin 16.9% (+20 bps YoY). Excluding pass-throughs, gross margin improved ~160 bps and EBITDA margin ~80 bps YoY; incremental EBITDA margins ~28% (in line with long-term targets).
Cash Generation and Capital Return
Free cash flow for trailing twelve months was $219,000,000; repurchased 1,700,000 shares for $195,000,000 during the year and reduced share count by more than 11% vs. 2021; cash & equivalents $390,000,000 at year-end.
Strategic Progress on Solutions Transformation
Solutions wins crossed 15% of total revenue for 2025 (meaningful increase YoY); solutions pipeline grew ~26% YoY; company reiterated 2028 solutions target and expects acceleration due to new unified functional operating model.
Automation Segment Strength
Automation Solutions revenue ~ $1.5B for the year, +14% YoY with EBITDA +16%; margins improved 50 bps to 21%; orders up 16% YoY and broad-based organic growth across regions and verticals (double-digit growth in discrete manufacturing and energy).
Balance Sheet and Debt Refinancing
Net leverage ~1.9x net debt/EBITDA with target ~1.5x long-term; completed refinancing by issuing €450,000,000 of 4.25% notes due 2033, extending debt maturities; average debt rate ~3.9%.
Product Mix Tailwinds
Broadband fiber content increased from 40% in 2024 to 50% in 2025, supporting share gains and differentiation; strategic wins highlighted in transit, grocery, and data center pilot programs (pipeline expanded 2–4x in data center white/gray space opportunities).
Q1 2026 Guidance
Q1 revenue guidance $675,000,000 - $690,000,000 with adjusted EPS $1.65 - $1.75, reflecting continued momentum and seasonality expectations; FX expected to benefit revenue by roughly 2% YoY in Q1.
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 |
|---|---|---|---|
Feb 12, 2026 | $142.23 | $150.91 | +6.10% |
Oct 30, 2025 | $119.32 | $122.21 | +2.42% |
Jul 31, 2025 | $127.94 | $123.55 | -3.43% |
May 01, 2025 | $102.98 | $101.22 | -1.71% |
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 May 06, 2026, Before Open (Confirmed).
What is Belden Inc (BDC) earnings time?
Belden Inc (BDC) earnings time is at May 06, 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 (Q1) is 1.71.