Belden Inc. Q3 2026 Earnings Recap

Belden’s Q3 results were within guidance, with record orders and double-digit organic growth, while component shortages delayed some RUCKUS shipments. Shares rose 0.8% after earnings, a roughly flat reaction.

Key Takeaways

• Revenue was $966 million, up 38% year over year, including RUCKUS; adjusted EPS was $2.26, up 15%. Both were within guidance ranges.
• Organic revenue grew 11%. Automation and Smart Buildings each delivered double-digit growth, while orders in both were up approximately 30% year over year.
• Orders topped $1 billion for the first time, up 46% year over year and 16% organically; book-to-bill was 1.05x.
• RUCKUS orders rose 10%, but tight component supply delayed shipments and held revenue back. Management said corrective actions are underway, with improvement expected into 2027.
• Belden signed a $100 million fiber-solutions agreement for 2027, bringing its expected data-center business to approximately $275 million that year, versus a previously announced $175 million annual run rate.