AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales rose 25% YoY to $210.7M as both segments grew double digits, gross margin expanded to 39.9% from 38.7%, and a $441.6M equity raise let Bel repay its entire $197.5M revolver balance.
Higher sales volumes led by defense (+28.4%) and rugged industrial (+51.4%) applications, partially offset by lower commercial air sales
Industrial Technology & Data Solutions$100.2M+31.1% YoY
Higher sales volumes in Data Solutions (+54.4%) and Industrial (+12.1%), partially offset by lower Transportation sales
Largest Expense Items
Cost of sales$126.7M+23% YoY
Higher material costs from unfavorable product mix toward higher bill-of-material power products and higher input costs
Selling, general and administrative expenses$36.3M+17% YoY
Higher salaries and benefits, higher professional/audit/legal fees, and higher travel and entertainment
Research and development costs$9.0M+11% YoY
Higher R&D personnel costs, broad-based across both segments
Margins: Gross margin rose to 39.9% from 38.7% YoY, aided by favorable product mix and operational efficiencies in both segments, partially offset by unfavorable foreign currency movements (Israeli shekel, Chinese renminbi, euro) that raised manufacturing costs.
Watch Items from the Filing
Backlog grew 35.4% to $594.7M since December 31, 2025, with a 56.0% increase in the Industrial Technology & Data Solutions segment.
Foreign currency appreciation (shekel, renminbi, euro) added approximately $5.3M to labor and overhead costs versus the prior-year period.
Company intends to acquire the remaining 20% of Enercon by early 2027, with a potential $5.0M 2026 earnout payment still outstanding.
Ongoing Italian tax claim (Arezzo Revenue Agency) carries an estimated $12.0M liability, though the company says it is fully indemnified by ABB.
U.S. Supreme Court invalidated certain IEEPA-based tariffs in February 2026, but broader trade-policy implications and potential alternative tariff authority remain uncertain.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Smelker ThomasPres. - Connectivity SolutionDiscretionary transaction · Mar 15, 2026
Smith RitaDirectorGrant or award · Mar 15, 2026
Valletta DavidDirectorGrant or award · Mar 15, 2026
Berry JosephVP, Pres of Magnetic SolutionsGrant or award · Mar 15, 2026
About BEL FUSE INC /NJ (BELFA): stock profile, AI score and financials
BEL FUSE INC /NJ (BELFA) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores BELFA at 60.5/100 on a composite quality score built from its SEC filings, placing it at rank #860 of 2,925 stocks — the top half of the AI-ranked universe. BELFA scores in the top quartile across institutional flow (97.4). Based on the latest XBRL financial filings (Q2 2026), BEL FUSE INC /NJ reports quarterly revenue of $210.7M, net income of $25.5M, an operating margin of 18.2%. BELFA trades on the Nasdaq exchange and files with the SEC under CIK 729580. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BELFA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BEL FUSE INC /NJ directly from SEC EDGAR.