Abstract

Belden will report its quarterly results on February 12, 2026 Pre-Market, with investors watching earnings quality and segment momentum alongside margin discipline amid uneven end-market demand.

Market Forecast

Consensus compiled from the latest forecast indicates Belden’s current quarter revenue at USD 696.97 million, adjusted EPS at USD 1.95, and EBIT at USD 99.34 million, with year-over-year growth rates of 6.45%, 15.46%, and 6.24%, respectively; margin commentary implies discipline, though no explicit gross margin or net margin forecasts are provided. The main business highlights point to steady demand in Industrial Automation and resilient orders in Broadcast Solutions and Intelligent Buildings. The most promising segment appears to be Industrial Automation, supported by USD 381.31 million in last quarter revenue, with ongoing secular investment cycles likely to underpin year-over-year progress.

Last Quarter Review

Belden’s previous quarter delivered revenue of USD 698.22 million, a gross profit margin of 37.70%, GAAP net profit attributable to the parent company of USD 56.69 million, a net profit margin of 8.12%, and adjusted EPS of USD 1.97, with year-over-year growth of 6.61% for revenue and 15.88% for adjusted EPS; quarter-over-quarter net profit declined by 7.07%. A key business highlight was operational execution that yielded an EBIT of USD 102.19 million, exceeding the prior forecast and reflecting favorable mix and cost control. Main business highlights show Industrial Automation at USD 381.31 million revenue, Broadcast Solutions at USD 166.70 million, and Intelligent Buildings at USD 150.22 million, with mix suggesting balanced demand across automation and infrastructure-linked spending; specific segment YoY growth was not disclosed.

Current Quarter Outlook

Main Business: Industrial Automation

Industrial Automation remains central to Belden’s earnings power given its scale and exposure to factory modernization, process automation, and resilient investment in industrial networking. The segment’s USD 381.31 million last quarter baseline provides a strong foundation for sequential execution, while backlog and project visibility typically support volume stability despite pockets of macro softness. Pricing discipline and portfolio mix—emphasizing higher-value connectivity and networking—support contribution margins, although currency, lead-time normalization, and order timing can influence quarterly prints. The quarter’s stock performance sensitivity will hinge on how bookings and billings trend against guidance, particularly in discrete automation and process industries.

Most Promising Business: Industrial Automation Momentum

Industrial Automation appears the most likely growth driver this quarter, benefiting from secular upgrades to industrial networks, cybersecurity-hardened infrastructure, and data-rich sensor connectivity. The prior quarter revenue base at USD 381.31 million, combined with year-over-year revenue growth of 6.45% for the consolidated company, sets the stage for incremental gains if shipments align with improved lead times and customer readiness to deploy projects. Execution on complex, higher-margin solutions could extend gross margin stability near the prior 37.70% level, though mix shifts toward large projects may introduce margin variability. Watch for commentary on backlog conversion, new product ramps, and regional demand dispersion to gauge sustainability.

Stock Price Drivers This Quarter

Three factors stand out as likely to sway the shares: earnings quality versus consensus, segment mix within Industrial Automation and Broadcast Solutions, and margin trajectory. Earnings quality will be assessed through conversion of EBIT to EPS and cash generation, especially given the forecast of USD 99.34 million EBIT and USD 1.95 adjusted EPS. Segment mix matters because stronger Broadcast Solutions or Intelligent Buildings contributions may imply different margin dynamics versus automation-led growth; management tone on orders and visibility will shape expectations for the next quarter. Margin trajectory—how gross and net margins evolve relative to the prior 37.70% and 8.12%—will influence valuation, with investors sensitive to pricing retention, input cost normalization, and productivity initiatives.

Analyst Opinions

Recent institutional commentary points to a constructive stance on Belden’s upcoming quarter, with a majority of published previews leaning positive on margin stability and Industrial Automation-led resilience. Analysts emphasizing the USD 696.97 million revenue forecast and USD 1.95 adjusted EPS argue that the company’s backlog profile and mix should support the year-over-year improvements implied by the 6.45% and 15.46% growth rates. A recurring theme is that operational execution and disciplined pricing have offset demand normalization across certain end markets, contributing to the USD 99.34 million EBIT outlook. The bullish view expects a clean beat-or-meet on EPS driven by cost control and favorable mix, while caution centers on timing of orders within Broadcast Solutions and Intelligent Buildings that could sway revenue recognition. On balance, the constructive majority anticipates stable to slightly higher margins compared with the last quarter, with attention focused on bookings cadence and guidance update for the next fiscal period.