Belden (BDC) Earnings: Q3 2026 Results

The quarter ended September 27, 2026 and Belden published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Belden reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Belden acquired Ruckus Networks on July 1, 2026 for $1,869.6 million, net of cash acquired. Ruckus is reported as the new Wireless market, which had no revenue in Q3 2025.
• Belden is managed as a single segment. The rows above are its revenues disaggregated by market, from the Form 10-Q.

Source: Belden Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 27, 2026. Figures as reported; checked against the release on November 10, 2026.

How Belden splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Belden's Automation revenue was $444 million in Q3 2026, up 17% from $381 million in Q3 2025, 46% of total revenue.
• Belden's Broadband revenue was $170 million in Q3 2026, up 2% from $167 million in Q3 2025, 18% of total revenue.
• Belden's Smart Buildings revenue was $184 million in Q3 2026, up 23% from $150 million in Q3 2025, 19% of total revenue.
• Belden's Wireless revenue was $168 million in Q3 2026, 17% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Belden said:

“Assuming the continuation of current market conditions, the table below provides guidance for the fourth quarter of 2026.”

“Revenues (million) $960-$980”

“GAAP EPS $0.24-$0.39”

“Adjusted EPS $2.20-$2.35”

Source: Belden Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the BDC forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenues in USD millions (converted from the thousands Belden reports) and GAAP diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Belden's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Belden reports revenue by market. In Q3 2026 Automation brought in $444.3 million, Smart Buildings $184.2 million, Broadband $169.7 million and Wireless $167.8 million, for total revenues of $966.0 million, up 38% from $698.2 million and up 11% organically. (Belden Form 10-Q, Q3 2026, Oct 29, 2026; Belden Q3 2026 release, Oct 29, 2026)

Most of the increase came from buying Ruckus Networks, which Belden acquired on July 1, 2026 for $1,869.6 million, net of cash acquired. Ruckus is a California company providing wireless networks for enterprises and service providers, including Wi-Fi access points, switches and cloud-based management software. Acquisitions contributed $167.8 million of Q3 2026 revenue. (Belden Form 10-Q, Q3 2026, Oct 29, 2026)

Outside the acquisition, Belden said higher sales volume and favorable pricing added $74.0 million of revenue and copper pass-through pricing added $27.2 million, while currency translation took away $1.3 million. Belden raises selling prices when copper costs rise, which lifts revenue but lowers gross profit percentage. (Belden Form 10-Q, Q3 2026, Oct 29, 2026)

Belden sells mainly through distributors. Its largest distributor accounted for approximately 14% of revenues in 2025 and its top eight distributors 35%. By customer location, the Americas brought in $641.4 million of Q3 2026 revenue, EMEA $188.1 million and APAC $136.5 million. (Belden Form 10-K, 2025, Feb 17, 2026; Belden Form 10-Q, Q3 2026, Oct 29, 2026)

Belden posted a GAAP loss of $0.29 per diluted share in Q3 2026, against EPS of $1.41 a year earlier, while Adjusted EPS rose 15% to $2.26 from $1.97. The gap is mostly Ruckus purchase accounting: Belden said GAAP results include $100 million of non-cash charges for amortization of acquired intangible assets and inventory fair value step-up, which Adjusted EPS excludes. (Belden Q3 2026 release, Oct 29, 2026)

Amortization of intangibles rose to $54.8 million from $13.6 million, cost of sales included $56.3 million from writing acquired inventory up to fair value, and interest expense rose to $41.8 million from $11.6 million after Belden borrowed under a Term Loan Credit Facility to fund the purchase. Long-term debt was $3,031.9 million at September 27, 2026, against $1,285.7 million at December 31, 2025. (Belden Q3 2026 release, Oct 29, 2026; Belden Form 10-Q, Q3 2026, Oct 29, 2026)

Belden recorded an income tax benefit of $14.2 million on its pre-tax loss, an effective tax rate of 55.5%. Diluted weighted average shares were 39.1 million, against 40.1 million a year earlier. (Belden Form 10-Q, Q3 2026, Oct 29, 2026; Belden Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Belden gives next-quarter guidance in its release. For Q4 2026 it expects revenues of $960 million to $980 million, GAAP EPS of $0.24 to $0.39 and Adjusted EPS of $2.20 to $2.35, assuming current market conditions continue. The gap between the two EPS ranges includes $1.19 per share of expected amortization of intangible assets. (Belden Q3 2026 release, Oct 29, 2026)

Belden also said it signed an agreement to supply $100 million of fiber solutions to a major US data center customer in 2027, and that it now expects its data center business to grow by more than 50% next year. (Belden Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Belden, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Belden's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning BDC is on is BDC a buy or a sell?, what analysts expect next is on the BDC forecast, and what the company does is on the Belden (BDC) stock page.

Every number on this page can be traced to a document Belden published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.