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Home Artificial Intelligence

Bel Reports Third Quarter 2026 Results

October 29, 2026
in Artificial Intelligence, GlobeNewswire, Web3
Reading Time: 173 mins read
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P ovides Q4-26 Sales a d G oss Ma gi Guida ce

WEST ORANGE, N.J., Oct. 28, 2026 (GLOBE NEWSWIRE) — Bel Fuse I c. (Nasdaq: BELFA a d BELFB) (“Bel” o the “Compa y” ) today a ou ced p elimi a y fi a cial esults fo the thi d qua te of 2026.

Thi d Qua te 2026 Highlights

 •Net sales of $220.5 millio compa ed to $179.0 millio i Q3-25. Up 23.2% f om Q3-25 •G oss p ofit ma gi of 40.9%, up f om 39.7% i Q3-25•GAAP et ea i gs att ibutable to Bel sha eholde s of $26.3 millio i Q3-26, compa ed to  et ea i gs of $22.3 millio i Q3-25. No -GAAP et ea i gs att ibutable to Bel sha eholde s of $44.0 millio i Q3-26, ve sus $26.3 millio i Q3-25•Adjusted EBITDA of $52.5 millio (23.8% of sales), compa ed to $39.2 millio (21.9% of sales) i Q3-25

Fa ouq Tuweiq, P eside t a d CEO of Bel, said, “We a e pleased with ou st o g thi d qua te esults, with pe fo ma ce led by ou Data Solutio s secto , I dust ials e d ma ket, a d ac oss ou dist ibutio pa t e s. The qua te eflects mome tum ac oss key e d ma kets, suppo ted by focused executio ac oss ou global o ga izatio .”

“Looki g ahead, we expect a st o g fou th qua te , guidi g et sales of $220 millio to $240 millio a d g oss ma gi of 40.0% to 42.0%. We a e excited about how the yea is shapi g up a d emai focused o se vi g ou custome s, executi g ou g owth st ategy, a d c eati g lo g-te m value fo ou sha eholde s,” co cluded M . Tuweiq.

Co fe e ce CallBel has scheduled a co fe e ce call fo 8:30 a.m. ET o Thu sday, Octobe 29, 2026 to discuss these esults. To pa ticipate i the co fe e ce call, i vesto s should dial 877-407-0784, o 201-689-8560 if diali g i te atio ally. The p ese tatio will additio ally be b oadcast live ove the I te et a d will be available at https://i .belfuse.com/eve ts-a d-p ese tatio s. The webcast will be available via eplay fo a pe iod of at least 30 days at this same I te et add ess. Fo those u able to access the live call, a telepho e eplay will be available at 844-512-2921, o 412-317-6671 if diali g i te atio ally, usi g access code 13762729 afte 12:30 pm ET, also fo 30 days.

About BelBel (www.belfuse.com) desig s, ma ufactu es, a d ma kets c itical elect o ic compo e ts, systems a d solutio s fo custome s i ae ospace, defe se, i dust ial, a d data-d ive ma kets. U de sta di g that ou custome s face i c easi gly complex tech ical challe ges, Bel delive s a comp ehe sive po tfolio of solutio s i cludi g powe systems, high- eliability co ecto s a d cable assemblies, ci cuit p otectio , a d etwo ki g p oducts that e able O igi al Equipme t Ma ufactu e s (OEMs) to b i g thei i ovatio s to ma ket. Bel pa t e s closely with custome s to delive both customized a d sta da d solutio s tailo ed to thei specific applicatio s a d pe fo ma ce equi eme ts. With ma ufactu i g facilities a d tech ical suppo t teams wo ldwide, Bel se ves as a st ategic pa t e to custome s who equi e p ove eliability i dema di g e d ma kets.

Compa y Co tact:Ly Hutki   Chief Fi a cial Office   i @belf.com 

I vesto Co tact:Th ee Pa t Adviso sJea Ma ie You g, Ma agi g Di ecto o Steve Hoose , Pa t e 631-418-4339jyou g@th eepa.com; shoose @th eepa.com 

Cautio a y La guage Co ce i g Fo wa d-Looki g Stateme tsThis p ess elease co tai s “fo wa d-looki g stateme ts” withi the mea i g of the “safe ha bo ” p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995. These fo wa d-looki g stateme ts a e made as of the date of this elease a d a e based o cu e t expectatio s, estimates, fo ecasts a d p ojectio s as well as the beliefs a d assumptio s of ma ageme t. Wo ds such as “expect,” “a ticipate,” “should,” “believe,” “hope,” “ta get,” “p oject,” “fo ecast,” “outlook,” “goals,” “estimate,” “pote tial,” “p edict,” “may,” “will,” “might,” “could,” “i te d,” va iatio s of these te ms o the egative of these te ms a d simila exp essio s a e i te ded to ide tify these fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts a e subject to a umbe of isks a d u ce tai ties, ma y of which i volve facto s o ci cumsta ces that a e beyo d Bel’s co t ol. Bel’s actual esults could diffe mate ially f om those stated o implied i ou fo wa d-looki g stateme ts (i cludi g without limitatio a y of Bel’s p ojectio s) due to a umbe of facto s, i cludi g but ot limited to, the followi g: isks elated to the p otectio of ou i tellectual p ope ty ights; difficulties associated with i teg ati g p eviously acqui ed compa ies, i cludi g a y u a ticipated difficulties, o u expected o highe tha a ticipated expe ditu es; the possibility that the Bel’s i te ded acquisitio of the emai i g 20% stake i E e co is ot completed, a d a y esulti g dis uptio s to Bel’s busi ess a d its cu e tly 80% ow ed E e co subsidia y; t e ds i dema d which ca affect Bel’s p oducts a d esults; the ma ket co ce s faci g Bel’s custome s, a d isks fo its busi ess i the eve t of the loss of ce tai substa tial custome s; the co ti ui g viability of secto s that ely o Bel’s p oducts; the effects of busi ess a d eco omic co ditio s, a d challe ges impacti g the mac oeco omic e vi o me t ge e ally a d/o Bel’s i dust y specifically; the effects of e e gy a d othe i put costs, a d cost cha ges ge e ally, i cludi g the pote tial impact of i flatio a y p essu es; capacity a d supply co st ai ts o difficulties, i cludi g supply chai co st ai ts o othe challe ges; the impact of public health c ises; difficulties associated with the availability of labo , a d the isks of a y labo u est o labo sho tages; isks associated with Bel’s i te atio al ope atio s, i cludi g its substa tial ma ufactu i g ope atio s i Chi a a d Is ael; isks elated to Bel’s i debted ess; isks associated with est uctu i g p og ams o othe st ategic i itiatives, i cludi g a y difficulties i impleme tatio o ealizatio of the expected be efits o cost savi gs; p oduct developme t, comme cializatio o tech ological difficulties (i cludi g isks elati g to a tificial i tellige ce); the egulato y a d t ade e vi o me t of the cou t ies i which Bel t a sacts busi ess o that may othe wise impact Bel, its custome s a d/o its supplie s; isks associated with fluctuatio s i fo eig cu e cy excha ge a d i te est ates; u ce tai ties associated with legal p oceedi gs; the ma ket’s accepta ce of Bel’s p oducts a d competitive espo ses to those p oducts; the impact of cha ges to U.S. a d applicable fo eig legal a d egulato y equi eme ts, i cludi g tax laws; a d othe isks detailed i Bel’s most ece t A ual Repo t o Fo m 10-K fo the fiscal yea e ded Decembe 31, 2025 a d i subseque t epo ts filed by Bel with the Secu ities a d Excha ge Commissio (the “SEC”). The fo wa d-looki g stateme ts i cluded i this p ess elease ep ese t Bel’s views o ly as of the date of this p ess elease, a d except as equi ed by law, Bel u de takes o i te tio o obligatio to update o evise a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts o othe wise.

No -GAAP Fi a cial Measu es

The No -GAAP fi a cial measu es ide tified i this p ess elease as well as i the suppleme ta y i fo matio to this p ess elease (No -GAAP et ea i gs att ibutable to Bel sha eholde s, No -GAAP EPS, No -GAAP Ope ati g I come, No -GAAP P ovisio fo I come Taxes a d Adjusted EBITDA) a e ot measu es of pe fo ma ce u de accou ti g p i ciples ge e ally accepted i the U ited States of Ame ica (“GAAP”). These measu es should ot be co side ed a substitute fo , a d the eade should also co side , i come f om ope atio s, p ovisio fo i come taxes,  et ea i gs, ea i gs pe sha e a d othe measu es of pe fo ma ce as defi ed by GAAP as i dicato s of ou pe fo ma ce o p ofitability. Ou o -GAAP measu es may ot be compa able to othe simila ly-titled captio s of othe compa ies due to diffe e ces i the method of calculatio . With these measu es we p ese t esults adjusted to exclude the effects of ce tai u usual o special items that occu outside the o di a y cou se of busi ess a d a e ot used by ma ageme t fo evaluati g ope ati g pe fo ma ce, as well thei elated tax impact, all of which would othe wise be i cluded u de U.S. GAAP. We believe that these o -GAAP measu es of fi a cial esults p ovide useful i fo matio to ma ageme t a d i vesto s ega di g ce tai fi a cial a d busi ess t e ds elati g to ou fi a cial co ditio a d esults of ope atio s. We use these o -GAAP measu es to compa e the Compa y’s pe fo ma ce to that of p io pe iods fo t e d a alysis a d fo budgeti g a d pla i g pu poses. We also believe that the use of these o -GAAP fi a cial measu es p ovides a additio al tool fo i vesto s to use i evaluati g o goi g ope ati g esults a d t e ds a d i compa i g the Compa y’s fi a cial measu es with othe simila ly situated compa ies i ou i dust y, ma y of which p ese t simila o -GAAP fi a cial measu es to i vesto s. No -GAAP fi a cial measu es, such as No -GAAP et ea i gs att ibutable to Bel sha eholde s, No -GAAP EPS, No -GAAP Ope ati g I come, No -GAAP P ovisio fo I come Taxes a d Adjusted EBITDA, adjust co espo di g GAAP measu es fo p ovisio fo i come taxes, othe i come/expe se, et, i te est i come/expe se, a d dep eciatio a d amo tizatio , a d also exclude, whe e applicable fo the cove ed pe iod p ese ted i the fi a cial stateme ts, ce tai u usual o special items ide tified by ma ageme t as discussed above, such as stock-based compe satio , amo tizatio of  i ve to y step-up, amo tizatio of i ta gibles (which p ima ily elated to the amo tizatio of fi ite-lived custome elatio ships a d tech ology associated with the compa y’s histo ical acquisitio s), u ealized fo eig cu e cy excha ge (gai s) losses,  est uctu i g cha ges (c edits), gai s/losses o sales of busi esses a d p ope ties (i cludi g both o -ope atio al p ope ties i Ho g Ko g a d ope atio al p ope ties elsewhe e), acquisitio elated costs (fo p oposed o completed t a sactio s), ea out liability adjustme ts, impai me t cha ges, o co t olli g i te est (“NCI”) adjustme ts f om fai value to edemptio value, w ite-off of defe ed fi a ci g costs, a d ce tai litigatio costs. Please efe to the fi a cial i fo matio i cluded with this p ess elease fo eco ciliatio s of GAAP fi a cial measu es to No -GAAP fi a cial measu es.

Website I fo matio We outi ely post impo ta t i fo matio fo i vesto s o ou website, www.belfuse.com, i the “I vesto Relatio s” sectio . We may use ou website as a mea s of disclosi g mate ial, othe wise o -public i fo matio a d fo complyi g with ou disclosu e obligatio s u de Regulatio FD. Acco di gly, i vesto s should mo ito the I vesto Relatio s sectio of ou website, i additio to followi g ou p ess eleases, SEC fili gs, public co fe e ce calls, p ese tatio s a d webcasts. The i fo matio co tai ed o , o that may be accessed th ough, ou website is ot i co po ated by efe e ce i to, a d is ot a pa t of, this docume t.

[Fi a cial tables follow]  

Bel Fuse I c.Suppleme ta y I fo matio (1)Co de sed Co solidated Stateme ts of Ope atio s(i thousa ds, except pe sha e amou ts)(u audited)     Th ee Mo ths E ded  Ni e Mo ths E ded   Septembe 30,  Septembe 30,   2026  2025  2026  2025                  Net sales $220,510  $178,980  $609,686  $499,517 Cost of sales  130,229   107,840   365,840   304,475 G oss p ofit  90,281   71,140   243,846   195,042 As a % of et sales  40.9%  39.7%  40.0%  39.0%                 Resea ch a d developme t costs  8,795   7,549   26,308   22,875 Selli g, ge e al a d admi ist ative expe ses  39,437   32,804   112,452   93,225 As a % of et sales  17.9%  18.3%  18.4%  18.7%Rest uctu i g cha ges (c edits)  57   219   157   (2,434)Gai o sale of p ope ties  –   (1,626)  –   (5,701)Ea out liability adjustme ts  2,439   1,857   3,291   1,857 I come f om ope atio s  39,553   30,337   101,638   85,220 As a % of et sales  17.9%  16.9%  16.7%  17.1%                 I te est expe se  (71)  (3,630)  (4,403)  (11,775)I te est i come  2,740   238   4,170   777 Othe i come, et  4,419   1,058   788   11,265 Ea i gs befo e i come taxes  46,641   28,003   102,193   85,487                  P ovisio fo i come taxes  8,252   5,448   14,845   17,817 Effective tax ate  17.7%  19.5%  14.5%  20.8%Net ea i gs  38,389   22,555   87,348   67,670 As a % of et sales  17.4%  12.6%  14.3%  13.5%                 Less: Net ea i gs att ibutable to o co t olli g i te est  276   620   3,005   2,280 Redemptio value adjustme t att ibutable to o co t olli g i te est  11,823   (315)  21,194   (1,595)Net ea i gs att ibutable to Bel Fuse sha eholde s $26,290  $22,250  $63,149  $66,985                  Weighted ave age umbe of sha es outsta di g:                Class A commo sha es – basic  2,115   2,115   2,115   2,115 Class A commo sha es – diluted  2,115   2,115   2,115   2,115 Class B commo sha es – basic  12,312   10,548   11,455   10,519 Class B commo sha es – diluted  12,324   10,548   11,465   10,519                  Net ea i gs pe commo sha e:                Class A commo sha es – basic $1.74  $1.68  $4.45  $5.07 Class A commo sha es – diluted $1.74  $1.68  $4.45  $5.07 Class B commo sha es – basic $1.84  $1.77  $4.69  $5.35 Class B commo sha es – diluted $1.83  $1.77  $4.69  $5.35 

(1) The suppleme ta y i fo matio i cluded i this p ess elease fo 2026 is p elimi a y a d subject to cha ge p io to the fili g of ou upcomi g Qua te ly Repo t o Fo m 10-Q with the SEC.   

Bel Fuse I c.Suppleme ta y I fo matio (1)Co de sed Co solidated Bala ce Sheets(i thousa ds, u audited)     Septembe 30, 2026  Decembe 31, 2025 Assets        Cu e t assets:        Cash a d cash equivale ts $333,122  $57,800 Accou ts eceivable, et  156,178   121,490 I ve to ies  224,712   167,270 Othe cu e t assets  32,777   38,201 Total cu e t assets  746,789   384,761 P ope ty, pla t a d equipme t, et  50,320   48,428 Right-of-use assets  31,579   22,868 Goodwill a d othe i ta gible assets, et  431,187   432,787 Othe assets  49,564   46,356 Total assets $1,309,439  $935,200          Liabilities, edeemable o co t olli g i te est a d sha eholde s’ equity        Cu e t liabilities:        Accou ts payable $92,490  $52,990 Ope ati g lease liabilities, cu e t  8,689   8,029 Othe cu e t liabilities  67,381   66,426 Total cu e t liabilities  168,560   127,445 Lo g-te m debt  –   197,500 Ope ati g lease liabilities lo g-te m  23,575   15,867 Othe liabilities  69,895   75,714 Total liabilities  262,030   416,526 Redeemable o co t olli g i te est  114,038   93,161 Sha eholde s’ equity  933,371   425,513 Total liabilities, edeemable o co t olli g i te est a d sha eholde s’ equity $1,309,439  $935,200 

(1) The suppleme ta y i fo matio i cluded i this p ess elease fo 2026 is p elimi a y a d subject to cha ge p io to the fili g of ou upcomi g Qua te ly Repo t o Fo m 10-Q with the SEC.  

Bel Fuse I c.Suppleme ta y I fo matio (1)Co de sed Co solidated Stateme ts of Cash Flows(i thousa ds, u audited)     Ni e Mo ths E ded   Septembe 30,   2026  2025          Cash flows f om ope ati g activities:        Net ea i gs $87,348  $67,670 Adjustme ts to eco cile et ea i gs to et cash p ovided by ope ati g activities:        Dep eciatio a d amo tizatio  20,806   19,936 Stock-based compe satio  8,158   4,661 Amo tizatio of defe ed fi a ci g costs  1,090   1,124 Defe ed i come taxes (be efit)  (5,331)  1,722 U ealized losses (gai s) o fo eig cu e cy evaluatio  2,557   (13,203)Gai o sale/disposal of p ope ties  (976)  (5,701)I ve to y impai me t  1,186   – Cha ge i fai value of co ti ge t co side atio liabilities  3,291   – Othe , et  (3,641)  1,794 Cha ges i ope ati g assets a d liabilities:        I c ease i accou ts eceivable  (32,603)  (13,141)Dec ease (i c ease) i u billed eceivables  1,513   (4,097)I c ease i i ve to ies  (56,495)  (1,656)I c ease i othe cu e t assets  (1,757)  (3,232)(I c ease) dec ease i othe assets  (2,698)  880 I c ease i accou ts payable  37,650   4,030 I c ease (dec ease) i acc ued expe ses  1,528   (3,357)Dec ease i acc ued est uctu i g costs  (435)  (5,010)I c ease (dec ease) i i come taxes payable  5,654   (3,142)(Dec ease) i c ease i othe liabilities  (889)  1,766 Net cash p ovided by ope ati g activities  65,956   51,044          Cash flows f om i vesti g activities:        Pu chases of p ope ty, pla t a d equipme t  (11,036)  (8,578)P oceeds f om held to matu ity secu ities  –   950 I vestme t i elated pa ty otes eceivable  –   (985)P oceeds f om disposal/sale of p ope ty, pla t a d equipme t  1,192   7,763 Acquisitio of busi ess, et of cash acqui ed  (16,224)  – Net cash used i i vesti g activities  (26,068)  (850)         Cash flows f om fi a ci g activities:        Divide ds paid to commo sha eholde s  (2,651)  (2,494)Divide ds paid to o co t olli g i te est  (3,324)  – Payme t fo co ti ge t co side atio  (3,531)  – Defe ed fi a ci g costs  –   (681)Repayme ts u de evolvi g li e of c edit  (217,500)  (70,500)Bo owi gs u de evolvi g li e of c edit  20,000   8,000 P oceeds f om issua ce of commo stock, et  441,643   – Net cash p ovided by (used i ) fi a ci g activities  234,637   (65,675)         Effect of excha ge ate cha ges o cash  797   4,971          Net i c ease (dec ease) i cash a d cash equivale ts  275,322   (10,510)Cash a d cash equivale ts – begi i g of yea  57,800   68,253 Cash a d cash equivale ts – e d of yea  $333,122  $57,743                   Suppleme ta y i fo matio :        Cash paid du i g the pe iod fo :        I come taxes, et of efu ds eceived $15,601  $19,426 I te est payme ts $3,816  $11,831 ROU assets obtai ed i excha ge fo lease obligatio s $15,130  $1,784 

(1) The suppleme ta y i fo matio i cluded i this p ess elease fo 2026 is p elimi a y a d subject to cha ge p io to the fili g of ou upcomi g Qua te ly Repo t o Fo m 10-Q with the SEC.

Bel Fuse I c.Suppleme ta y I fo matio (1)Segme t Highlights(dolla s i thousa ds, u audited)     Sales  G oss Ma gi    Q3-26  Q3-25  % Cha ge  Q3-26  Q3-25  Basis Poi t Cha ge                          Ae ospace, Defe se & Rugged Solutio s $106,596  $96,298   10.7%  39.6%  41.1%  (150)I dust ial Tech ology & Data Solutio s  113,914   82,682   37.8%  42.7%  38.0%  470 Total $220,510  $178,980   23.2%  40.9%  39.7%  120 

  Sales  G oss Ma gi    YTD Septembe 2026  YTD Septembe 2025  % Cha ge  YTD Septembe 2026  YTD Septembe 2025  Basis Poi t Cha ge                          Ae ospace, Defe se & Rugged Solutio s $316,874   271,252   16.8%  40.7%  40.9%  (20)I dust ial Tech ology & Data Solutio s  292,812   228,265   28.3%  39.7%  37.3%  240 Total $609,686  $499,517   22.1%  40.0%  39.0%  100 

(1) The suppleme ta y i fo matio i cluded i this p ess elease fo 2026 is p elimi a y a d subject to cha ge p io to the fili g of ou upcomi g Qua te ly Repo t o Fo m 10-Q with the SEC.

  

Bel Fuse I c.Suppleme ta y I fo matio (1)Reco ciliatio of GAAP Net Ea i gs to No -GAAP Ope ati g I come a d Adjusted EBITDA(i thousa ds, u audited)     Th ee Mo ths E ded  Ni e Mo ths E ded   Septembe 30,  Septembe 30,   2026  2025  2026  2025                  GAAP Net Ea i gs $38,389  $22,555  $87,348  $67,670 P ovisio fo i come taxes  8,252   5,448   14,845   17,817 Othe i come, et  (4,419)  (1,058)  (788)  (11,265)I te est i come  (2,740)  (238)  (4,170)  (777)I te est expe se  71   3,630   4,403   11,775 GAAP Ope ati g I come  39,553   30,337   101,638   85,220 Rest uctu i g cha ges (c edits)  57   219   157   (2,434)Ea out liability adjustme ts  2,439   1,857   3,291   1,857 Stock-based compe satio  3,047   1,761   8,158   4,661 Acquisitio elated costs  143   –   1,806   – Amo tizatio of i ve to y step-up  –   –   –   1,757 Gai o sale of p ope ties  –   (1,626)  –   (5,701)No -GAAP Ope ati g I come  45,239   32,548   115,050   85,360 Dep eciatio a d amo tizatio  7,271   6,652   20,806   19,936 Adjusted EBITDA $52,510  $39,200  $135,856  $105,296 % of et sales  23.8%  21.9%  22.3%  21.1%                 

(1) The suppleme ta y i fo matio i cluded i this p ess elease fo 2026 is p elimi a y a d subject to cha ge p io to the fili g of ou upcomi g Qua te ly Repo t o Fo m 10-Q with the SEC.

Bel Fuse I c.Suppleme ta y I fo matio (1)Reco ciliatio of GAAP Measu es to No -GAAP Measu es(i thousa ds, except pe sha e data) (u audited)

The followi g tables detail the impact that ce tai u usual o special items had o the Compa y’s ea i gs befo e taxes, p ovisio fo i come taxes, et ea i gs att ibutable to Bel Fuse Sha eholde s, a d et ea i gs pe commo Class A a d Class B basic sha es (“EPS”), as well as the li e items i which these items we e i cluded o the co solidated stateme ts of ope atio s.

  Th ee Mo ths E ded Septembe 30, 2026   Th ee Mo ths E ded Septembe 30, 2025 Reco cili g Items Ea i gs befo e taxes  P ovisio fo i come taxes  Net Ea i gs Att ibutable to Bel FuseSha eholde s  Basic Class A EPS(2)  Basic Class B EPS(2)   Ea i gs befo e taxes  P ovisio fo i come taxes  Net Ea i gsAtt ibutable to Bel FuseSha eholde s  Basic Class A EPS(2)  Basic Class B EPS(2)                                           GAAP measu es $46,641  $8,252  $26,290  $1.74  $1.84   $28,003  $5,448  $22,250  $1.68  $1.77 Rest uctu i g cha ges  57   14   43   0.00   0.00    219   36   183   0.01   0.01 Ea out liability adjustme ts  2,439   390   2,049   0.14   0.14    1,857   297   1,560   0.12   0.12 Stock-based compe satio  3,047   679   2,368   0.16   0.17    1,761   363   1,398   0.11   0.11 Acquisitio elated costs  143   33   110   0.01   0.01    –   –   –   –   – Redemptio value adjustme t o edeemable NCI  –   –   11,823   0.79   0.83    –   –   (315)  (0.02)  (0.02)Amo tizatio of i ta gibles  3,875   694   3,181   0.21   0.22    3,700   647   3,053   0.23   0.24 U ealized fo eig cu e cy excha ge gai s  (1,229)  (333)  (896)  (0.06)  (0.06)   (291)  (81)  (210)  (0.02)  (0.02)Gai o sale of Ho g Ko g p ope ty  (976)  –   (976)  (0.06)  (0.07)   –   –   –   –   – Gai o sale of p ope ties  –   –   –   –   –    (1,626)  –   (1,626)  (0.12)  (0.13)No -GAAP measu es $53,997  $9,729  $43,992  $2.92  $3.07   $33,623  $6,710  $26,293  $1.99  $2.09 

  Ni e Mo ths E ded Septembe 30, 2026  Ni e Mo ths E ded Septembe 30, 2025 Reco cili g Items Ea i gsbefo e taxes  P ovisio fo i come taxes  Net Ea i gsAtt ibutable to Bel FuseSha eholde s  Basic Class A EPS(2)  Basic Class B EPS(2)  Ea i gsbefo e taxes  P ovisio fo i come taxes  Net Ea i gsAtt ibutable to Bel FuseSha eholde s  Basic Class A EPS(2)  Basic Class B EPS(2)                                          GAAP measu es $102,193  $14,845  $63,149  $4.45  $4.69  $85,487  $17,817  $66,985  $5.07  $5.35 Rest uctu i g cha ges/(c edits)  157   29   128   0.01   0.01   (2,434)  (287)  (2,147)  (0.16)  (0.17)Ea out liability adjustme ts  3,291   526   2,765   0.20   0.21   1,857   297   1,560   0.12   0.12 Stock-based compe satio  8,158   1,819   6,339   0.45   0.47   4,661   960   3,701   0.28   0.30 Acquisitio elated costs  1,806   415   1,391   0.10   0.10   –   –   –   –   – Redemptio value adjustme t o edeemable NCI  –   –   21,194   1.50   1.57   –   –   (1,595)  (0.12)  (0.13)Amo tizatio of i ta gibles  11,516   2,051   9,465   0.67   0.70   11,083   1,942   9,141   0.69   0.73 U ealized fo eig cu e cy excha ge losses/(gai s)  2,557   605   1,952   0.14   0.14   (13,204)  (3,076)  (10,128)  (0.77)  (0.81)Defe ed fi a ci g cost w ite-off  640   147   493   0.04   0.04   –   –   –   –   – Amo tizatio of i ve to y step-up  –   –   –   –   –   1,757   404   1,353   0.10   0.11 Gai o sale of Ho g Ko g p ope ty  (976)  –   (976)  (0.07)  (0.07)  –   –   –   –   – Gai o sale of p ope ties  –   –   –   –   –   (5,701)  (937)  (4,764)  (0.36)  (0.38)No -GAAP measu es $129,342  $20,437  $105,900  $7.48  $7.86  $83,506  $17,120  $64,106  $4.85  $5.12 

(1) The suppleme ta y i fo matio i cluded i this p ess elease fo 2026 is p elimi a y a d subject to cha ge p io to the fili g of ou upcomi g Qua te ly Repo t o Fo m 10-Q with the SEC.(2) I dividual amou ts of ea i gs pe sha e may ot ag ee to the total due to ou di g.

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