Belden Q1 Revenue of $696M Beats Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Reports Q1 revenue $696M, consensus $683.13M. "Belden delivered a strong start to 2026, with revenues up 11% year over year and up 7% organically, reflecting continued momentum in our solutions strategy and solid execution across the business," said Ashish Chand, President and CEO of Belden Inc. "Adjusted EPS of $1.77 was up 11% year over year, demonstrating the earnings power of our growing solutions portfolio. Customers continue to invest in digitization, automation and IT/OT convergence, and Belden is increasingly positioned as the solutions partner of choice to help them build secure, reliable, high-performance networks. Together with RUCKUS, Belden will be positioned to deliver the most comprehensive IT/OT networking solution in the industry."
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Analyst Views on BDC
Wall Street analysts forecast BDC stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 106.030
Low
145.00
Averages
147.50
High
150.00
Current: 106.030
Low
145.00
Averages
147.50
High
150.00
About BDC
Belden Inc. is a global supplier of complete connection solutions. Its Smart Infrastructure Solutions segment is a provider of network infrastructure and broadband solutions. Its vertical markets for its Smart Buildings Solutions include data centers, government, healthcare, and hospitality. Its Broadband Solutions primarily serve broadband and wireless service providers. Smart Infrastructure Solutions product lines include copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and secure, high performance signal extension and matrix switching systems. Its Automation Solutions segment provides digitization and automation solutions as building blocks to enable information technology/operational technology (IT/OT) convergence, including physical artificial intelligence (AI). Its primary markets include warehousing and logistics, energy, transportation and discrete manufacturing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Belden Declares Quarterly Dividend of $0.05 per Share
- Quarterly Dividend Announcement: Belden has declared a quarterly dividend of $0.05 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy, which is likely to attract long-term investors.
- Dividend Yield: The forward yield of 0.19% reflects the company's robustness in the current market environment; although the yield is relatively low, it still provides shareholders with a reliable income source.
- Payment Schedule: The dividend will be payable on July 9, with a record date of June 16 and an ex-dividend date also on June 16, ensuring that shareholders receive their earnings promptly, thereby boosting investor confidence.
- Future Revenue Forecast: Belden forecasts Q2 revenue between $735 million and $750 million, demonstrating confidence in future growth following the acquisition of Ruckus, while also reflecting its competitive position in the market.
See More
Channing Capital Acquires New Position in Belden
- New Investment Disclosure: Channing Capital Management disclosed the acquisition of 710,458 shares of Belden stock valued at approximately $89.48 million during Q1 2026, indicating confidence in the company despite a 4.2% decline in share price over the past year.
- Position Proportion Analysis: This acquisition positions Belden as a new holding representing 2.09% of Channing Capital's 13F reportable assets, reflecting the fund's optimism about Belden's future growth potential, even as it underperformed the S&P 500 by 30.68 percentage points.
- Financial Performance Overview: Belden's latest financial metrics reveal a revenue of $2.79 billion and a net income of $236.61 million over the past 12 months, with a dividend yield of 0.18%, showcasing the company's stability and profitability in the signal transmission solutions market.
- Market Performance Comparison: Although Belden's stock has appreciated by 32% over the past three years, with a compound annual growth rate of 9.7%, it significantly lags behind the S&P 500's total return of 89%, indicating a relative disadvantage in market competitiveness.
See More
Finalists Announced for Belden Innovation Award
- Award Background: Belden Inc. (NYSE:BDC) will announce the winner of the 3rd Joseph C. Belden Innovation Award on July 28, recognizing innovations that enhance IT/OT convergence, emphasizing the technological advances that drive data-driven efficiencies and profitability.
- Finalist Companies: The three finalists are G-SPACE, PROLIM, and Thread; G-SPACE's machine learning platform transforms complex experimental data into actionable insights, accelerating R&D and manufacturing of microgravity products.
- Technological Innovation: PROLIM's AI-native digital manufacturing platform, PROMIS, integrates AI, IoT, and automation to deliver real-time visibility and predictive insights, optimizing performance and compliance across global manufacturing, showcasing the potential of Industry 4.0.
- Industry Impact: Thread's AI-powered workflow platform automates the handoff from sales to delivery for telecom and ISP cabling projects, reducing delays and rework, thereby enhancing project delivery efficiency and demonstrating an effective bridge between IT requirements and operational execution.
See More
Belden Acquires Ruckus Networks to Expand Solutions Portfolio
- Acquisition Strategy: Belden announced the acquisition of Ruckus Networks for approximately $1.85 billion in cash, aimed at accelerating its evolution into a full-stack IT/OT networking solutions provider, thereby enhancing market competitiveness and meeting customer demand for integrated systems.
- Financial Performance: Belden reported Q1 revenue of $696 million, an 11% year-over-year increase, with adjusted EPS at $1.77 and adjusted EBITDA of $118 million, reflecting a 17% EBITDA margin, indicating robust growth in the market.
- Future Outlook: Belden guided Q2 revenue between $735 million and $750 million, with adjusted EPS ranging from $1.95 to $2.05, although management noted limited near-term visibility, yet underlying demand signals remain encouraging.
- Capital Allocation: Management plans to pause share repurchases and strategic M&A post-acquisition until leverage returns to long-term targets, with a goal to reduce net leverage to approximately 2.9x by the end of 2027 and about 1.5x by the end of 2029.
See More
Vistance Networks Sells RUCKUS Networks to Belden for $1.846B
- Significant Transaction Value: Vistance Networks announced the sale of its RUCKUS Networks unit for $1.846 billion in cash, expecting net proceeds of approximately $1.7 billion after taxes and expenses, which will allow the company to sharpen its focus on the Aurora Networks business and enhance overall operational efficiency.
- Shareholder Return Plan: Vistance plans to return a significant portion of the net proceeds to shareholders via a special distribution within 60 days of closing, which not only boosts shareholder confidence but may also attract more investor interest in the company's future growth.
- Positive Market Reaction: Following the announcement of the deal, Vistance's shares jumped 27.5% in premarket trading, indicating a strong market response to the transaction and reflecting investor recognition of the company's future growth potential.
- Financial Advisory Support: Moelis served as the financial advisor to Vistance, ensuring the smooth execution of the transaction, while the company reported better-than-expected Q1 results with a non-GAAP EPS of $0.34, beating estimates by $0.12, further solidifying market confidence in its financial health.
See More
Belden to Acquire RUCKUS Networks for Approximately $1.85 Billion
- Acquisition Overview: Belden Inc. announced its agreement to acquire RUCKUS Networks for approximately $1.85 billion, a move that will enhance its leadership in IT/OT networking solutions, with the transaction expected to close in the second half of 2026.
- Customer Base and Product Portfolio: RUCKUS Networks serves over 48,000 customers and offers intelligent networking solutions, including Wi-Fi, enterprise switching, and an AI-driven cloud networking platform that enables organizations to optimize performance and simplify operations.
- Financial Impact Analysis: With a combined Adjusted EBITDA base of approximately $650 million, Belden expects net leverage to decline below 3x within the first full year after closing, aiming to reach its long-term target of about 1.5x by 2029.
- Capital Structure Optimization: Belden has secured fully committed debt financing from J.P. Morgan to optimize its capital structure between signing and closing, while also planning to temporarily pause share repurchases until leverage returns closer to its long-term target.
See More
Belden Declares Quarterly Dividend of $0.05 per Share
- Quarterly Dividend Announcement: Belden has declared a quarterly dividend of $0.05 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy, which is likely to attract long-term investors.
- Dividend Yield: The forward yield of 0.19% reflects the company's robustness in the current market environment; although the yield is relatively low, it still provides shareholders with a reliable income source.
- Payment Schedule: The dividend will be payable on July 9, with a record date of June 16 and an ex-dividend date also on June 16, ensuring that shareholders receive their earnings promptly, thereby boosting investor confidence.
- Future Revenue Forecast: Belden forecasts Q2 revenue between $735 million and $750 million, demonstrating confidence in future growth following the acquisition of Ruckus, while also reflecting its competitive position in the market.
See More
Channing Capital Acquires New Position in Belden
- New Investment Disclosure: Channing Capital Management disclosed the acquisition of 710,458 shares of Belden stock valued at approximately $89.48 million during Q1 2026, indicating confidence in the company despite a 4.2% decline in share price over the past year.
- Position Proportion Analysis: This acquisition positions Belden as a new holding representing 2.09% of Channing Capital's 13F reportable assets, reflecting the fund's optimism about Belden's future growth potential, even as it underperformed the S&P 500 by 30.68 percentage points.
- Financial Performance Overview: Belden's latest financial metrics reveal a revenue of $2.79 billion and a net income of $236.61 million over the past 12 months, with a dividend yield of 0.18%, showcasing the company's stability and profitability in the signal transmission solutions market.
- Market Performance Comparison: Although Belden's stock has appreciated by 32% over the past three years, with a compound annual growth rate of 9.7%, it significantly lags behind the S&P 500's total return of 89%, indicating a relative disadvantage in market competitiveness.
See More
Finalists Announced for Belden Innovation Award
- Award Background: Belden Inc. (NYSE:BDC) will announce the winner of the 3rd Joseph C. Belden Innovation Award on July 28, recognizing innovations that enhance IT/OT convergence, emphasizing the technological advances that drive data-driven efficiencies and profitability.
- Finalist Companies: The three finalists are G-SPACE, PROLIM, and Thread; G-SPACE's machine learning platform transforms complex experimental data into actionable insights, accelerating R&D and manufacturing of microgravity products.
- Technological Innovation: PROLIM's AI-native digital manufacturing platform, PROMIS, integrates AI, IoT, and automation to deliver real-time visibility and predictive insights, optimizing performance and compliance across global manufacturing, showcasing the potential of Industry 4.0.
- Industry Impact: Thread's AI-powered workflow platform automates the handoff from sales to delivery for telecom and ISP cabling projects, reducing delays and rework, thereby enhancing project delivery efficiency and demonstrating an effective bridge between IT requirements and operational execution.
See More
Belden Acquires Ruckus Networks to Expand Solutions Portfolio
- Acquisition Strategy: Belden announced the acquisition of Ruckus Networks for approximately $1.85 billion in cash, aimed at accelerating its evolution into a full-stack IT/OT networking solutions provider, thereby enhancing market competitiveness and meeting customer demand for integrated systems.
- Financial Performance: Belden reported Q1 revenue of $696 million, an 11% year-over-year increase, with adjusted EPS at $1.77 and adjusted EBITDA of $118 million, reflecting a 17% EBITDA margin, indicating robust growth in the market.
- Future Outlook: Belden guided Q2 revenue between $735 million and $750 million, with adjusted EPS ranging from $1.95 to $2.05, although management noted limited near-term visibility, yet underlying demand signals remain encouraging.
- Capital Allocation: Management plans to pause share repurchases and strategic M&A post-acquisition until leverage returns to long-term targets, with a goal to reduce net leverage to approximately 2.9x by the end of 2027 and about 1.5x by the end of 2029.
See More
Vistance Networks Sells RUCKUS Networks to Belden for $1.846B
- Significant Transaction Value: Vistance Networks announced the sale of its RUCKUS Networks unit for $1.846 billion in cash, expecting net proceeds of approximately $1.7 billion after taxes and expenses, which will allow the company to sharpen its focus on the Aurora Networks business and enhance overall operational efficiency.
- Shareholder Return Plan: Vistance plans to return a significant portion of the net proceeds to shareholders via a special distribution within 60 days of closing, which not only boosts shareholder confidence but may also attract more investor interest in the company's future growth.
- Positive Market Reaction: Following the announcement of the deal, Vistance's shares jumped 27.5% in premarket trading, indicating a strong market response to the transaction and reflecting investor recognition of the company's future growth potential.
- Financial Advisory Support: Moelis served as the financial advisor to Vistance, ensuring the smooth execution of the transaction, while the company reported better-than-expected Q1 results with a non-GAAP EPS of $0.34, beating estimates by $0.12, further solidifying market confidence in its financial health.
See More
Belden to Acquire RUCKUS Networks for Approximately $1.85 Billion
- Acquisition Overview: Belden Inc. announced its agreement to acquire RUCKUS Networks for approximately $1.85 billion, a move that will enhance its leadership in IT/OT networking solutions, with the transaction expected to close in the second half of 2026.
- Customer Base and Product Portfolio: RUCKUS Networks serves over 48,000 customers and offers intelligent networking solutions, including Wi-Fi, enterprise switching, and an AI-driven cloud networking platform that enables organizations to optimize performance and simplify operations.
- Financial Impact Analysis: With a combined Adjusted EBITDA base of approximately $650 million, Belden expects net leverage to decline below 3x within the first full year after closing, aiming to reach its long-term target of about 1.5x by 2029.
- Capital Structure Optimization: Belden has secured fully committed debt financing from J.P. Morgan to optimize its capital structure between signing and closing, while also planning to temporarily pause share repurchases until leverage returns closer to its long-term target.
See More
