Abstract

Bel Fuse will report quarterly results on February 17, 2026 Post Market, with market attention centered on revenue normalization versus the prior quarter and whether adjusted EPS aligns with management’s projections.

Market Forecast

For the current quarter, Bel Fuse’s forecast points to revenue of $167.75 million, adjusted EPS of 1.566, and EBIT of $23.90 million; the implied year-over-year changes are 40.38% for revenue, 100.77% for adjusted EPS, and 101.59% for EBIT. Forecast gross profit margin and net profit margin are not disclosed, but the guidance suggests a sharp year-over-year rebound in earnings capacity alongside a moderated revenue base relative to the prior quarter’s seasonal peak.

The main business highlight centers on the company’s product mix, where execution on backlog and price discipline will steer quarterly outcomes; Power Solutions and Protection remains the anchor of the portfolio and sets the tone for revenue cadence, earnings quality, and cash conversion. The most promising segment by scale is Power Solutions and Protection, which delivered $94.41 million last quarter; segment-level year-over-year growth was not disclosed in the available dataset, but near-term performance will be shaped by fulfillment timing and mix.

Last Quarter Review

In the previous quarter, Bel Fuse posted revenue of $178.98 million and adjusted EPS of 2.09; GAAP net profit attributable to the parent company was $22.25 million, while gross profit margin and net profit margin were not disclosed, and net profit declined 17.17% quarter-on-quarter. Year-over-year, revenue rose 44.76%, adjusted EPS increased 111.11%, and EBIT climbed 107.51%, reflecting meaningful operational leverage from the sales ramp.

A notable highlight was the comprehensive beat across headline metrics: revenue exceeded estimates by $9.73 million, EBIT surpassed by $8.03 million, and adjusted EPS was $0.406 above the consensus. Within the main business portfolio, Power Solutions and Protection contributed $94.41 million, Connectivity Solutions $61.87 million, and Magnetic Solutions $22.70 million, demonstrating a well-balanced mix across product categories; segment-level year-over-year granularity was not provided.

Current Quarter Outlook

Power Solutions and Protection: Near-Term Revenue Mix and Earnings Drivers

Power Solutions and Protection is the largest contributor by revenue, and its delivery timing, mix, and pricing will shape whether Bel Fuse meets or exceeds quarterly targets. Given the company’s forecast for revenue of $167.75 million and robust year-over-year growth implied by guidance, the segment’s execution on committed schedules and backlog conversion will be pivotal to maintaining the projected revenue trajectory despite sequential moderation versus last quarter’s $178.98 million. Mix within this segment can influence EBIT and EPS variability, especially if higher value-added configurations ship earlier within the quarter and standard configurations slip to later weeks. From an earnings quality perspective, the degree to which price/cost benefits captured last quarter persist into the current period will determine whether adjusted EPS of 1.566 is a floor or a ceiling. A disciplined approach to scheduling and fulfillment should also enhance cash conversion, which investors increasingly track for confirmation of earnings sustainability when revenue growth is strong year-over-year but lower quarter-on-quarter.

Connectivity Solutions: Commercial Execution, Design Wins, and Cost Discipline

Connectivity Solutions delivered $61.87 million last quarter and has room to influence quarterly variability in both revenue and margin depending on the cadence of customer program ramps. If commercial execution maintains the momentum seen last quarter, this segment can provide an offset when shipments in the larger Power Solutions and Protection unit are timing-sensitive; cross-category engagement can also support utilization of shared resources to stabilize EBIT. Design activity and customer adoption timelines are critical for near-term performance, and tight alignment between operations and customer schedules tends to translate into consistent quarter-to-quarter outcomes even without explicit margin disclosures. Cost discipline across procurement and manufacturing will matter for adjusted EPS path, ensuring that the implied 100.77% year-over-year EPS growth is not diluted by unexpected cost drift during fulfillment. While segment-level year-over-year growth data was not provided, sustained contract execution and predictable lead-time management will be central to how this segment contributes to overall earnings quality this quarter.

Key Stock Price Factors This Quarter: Beat/Miss Dynamics, EPS Quality, and Cash Flow

Three elements stand to influence share-price reaction around the report: the magnitude of any beat or miss versus revenue and EPS forecasts, the quality of earnings (including any non-recurring items or unusual timing), and corroborating cash flow metrics. The prior quarter’s revenue, EBIT, and adjusted EPS all exceeded estimates, which positions investor expectations around potential outperformance; however, the company’s own current-quarter revenue forecast of $167.75 million is below last quarter’s $178.98 million, so the market will scrutinize whether sequential normalization is consistent with expected fulfillment timing rather than demand softness. Earnings quality will be judged by how adjusted EPS of 1.566 reconciles with operational drivers such as price realization, product mix, and cost control; clear narrative around these components tends to reduce volatility by clarifying what drove year-over-year growth. Cash flow and working capital movements will serve as an additional validation point; strong collections and controlled inventory relative to shipment schedules can reinforce confidence in earnings sustainability, while unusual swings might prompt caution even if headline EPS meets or exceeds the forecast.

Analyst Opinions

Across accessible institutional commentary during the past six months to February 10, 2026, published previews specific to Bel Fuse’s upcoming quarter were limited, and there were no identifiable rating changes or detailed pre-earnings notes within the specified window. In the absence of newly published directional calls, the prevailing stance is best characterized as neutral, with portfolio managers and analysts likely to anchor expectations to the company’s quantitative guidance and its recent beat cadence rather than to explicit street targets. The neutral majority view emphasizes execution clarity: whether revenue of $167.75 million and adjusted EPS of 1.566 can be delivered alongside disciplined cost management and steady cash conversion, and whether the sequential step-down from last quarter reflects normal timing rather than a change in the demand pattern.

The analytical emphasis under this neutral view is on mix, price realization, and fulfillment predictability. Observers expect performance in Power Solutions and Protection to frame the broader narrative for revenue and EBIT delivery, while Connectivity Solutions can act as a stabilizer if shipments in the larger segment cluster late in the quarter. Given last quarter’s beats and the strong year-over-year guidance figures for revenue, EPS, and EBIT, the majority expectation is for a constructive print if the company demonstrates stable execution and explains sequential normalization coherently; absent explicit consensus targets in the period, the stock’s reaction will likely hinge on whether reported results affirm the guidance parameters and the company’s demonstrated ability to convert earnings into cash flow.