Form 8-K

8-K — BEL FUSE INC /NJ

Accession: 0001437749-26-033795

Filed: 2026-10-28

Period: 2026-10-28

CIK: 0000729580

SIC: 3677 (ELECTRONIC COILS, TRANSFORMERS & OTHER INDUCTORS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — belfa20260819_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_1007041.htm)

GRAPHIC (bel_logo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: belfa20260819_8k.htm · Sequence: 1

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0000729580

2026-10-28

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2026-10-28

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2026-10-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 28, 2026

BELFUSE INC /NJ

BEL FUSE INC.

(Exact Name of Registrant as Specified in its Charter)

New Jersey

000-11676

22-1463699

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

300 Executive Drive, Suite 300, West Orange, New Jersey

07052

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: (201) 432-0463

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol

Name of Each Exchange on Which Registered

Class A Common Stock ($0.10 par value)

BELFA

Nasdaq Global Select Market

Class B Common Stock ($0.10 par value)

BELFB

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On October 28, 2026 Bel Fuse Inc. (“Bel” or the “Company”) issued a press release regarding results for the three and nine months ended September 30, 2026. A copy of this press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1

Press Release of Bel Fuse Inc. dated October 28, 2026, related to the financial results of the Company for the three and nine months ended September 30, 2026, furnished hereto.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 28, 2026

BEL FUSE INC.

(Registrant)

By:

/s/ Farouq Tuweiq

Farouq Tuweiq

President and Chief Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_1007041.htm · Sequence: 2

ex_1007041.htm

Exhibit 99.1

FOR IMMEDIATE RELEASE

Bel Fuse Inc.

300 Executive Drive

Suite 300

West Orange, NJ 07052

www.belfuse.com

tel 201.432.0463

Bel Reports Third Quarter 2026 Results

Provides Q4-26 Sales and Gross Margin Guidance

WEST ORANGE, NJ, Wednesday, October 28, 2026-- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) (“Bel” or the “Company” ) today announced preliminary financial results for the third quarter of 2026.

Third Quarter 2026 Highlights

•

Net sales of $220.5 million compared to $179.0 million in Q3-25. Up 23.2% from Q3-25

•

Gross profit margin of 40.9%, up from 39.7% in Q3-25

•

GAAP net earnings attributable to Bel shareholders of $26.3 million in Q3-26, compared to net earnings of $22.3 million in Q3-25. Non-GAAP net earnings attributable to Bel shareholders of $44.0 million in Q3-26, versus $26.3 million in Q3-25

•

Adjusted EBITDA of $52.5 million (23.8% of sales), compared to $39.2 million (21.9% of sales) in Q3-25

Farouq Tuweiq, President and CEO of Bel, said, “We are pleased with our strong third quarter results, with performance led by our Data Solutions sector, Industrials end market, and across our distribution partners. The quarter reflects momentum across key end markets, supported by focused execution across our global organization.”

“Looking ahead, we expect a strong fourth quarter, guiding net sales of $220 million to $240 million and gross margin of 40.0% to 42.0%. We are excited about how the year is shaping up and remain focused on serving our customers, executing our growth strategy, and creating long-term value for our shareholders,” concluded Mr. Tuweiq.

Conference Call

Bel has scheduled a conference call for 8:30 a.m. ET on Thursday, October 29, 2026 to discuss these results. To participate in the conference call, investors should dial 877-407-0784, or 201-689-8560 if dialing internationally. The presentation will additionally be broadcast live over the Internet and will be available at https://ir.belfuse.com/events-and-presentations. The webcast will be available via replay for a period of at least 30 days at this same Internet address. For those unable to access the live call, a telephone replay will be available at 844-512-2921, or 412-317-6671 if dialing internationally, using access code 13762729 after 12:30 pm ET, also for 30 days.

About Bel

Bel (www.belfuse.com) designs, manufactures, and markets critical electronic components, systems and solutions for customers in aerospace, defense, industrial, and data-driven markets. Understanding that our customers face increasingly complex technical challenges, Bel delivers a comprehensive portfolio of solutions including power systems, high-reliability connectors and cable assemblies, circuit protection, and networking products that enable Original Equipment Manufacturers (OEMs) to bring their innovations to market. Bel partners closely with customers to deliver both customized and standard solutions tailored to their specific applications and performance requirements. With manufacturing facilities and technical support teams worldwide, Bel serves as a strategic partner to customers who require proven reliability in demanding end markets.

Company Contact:

Lynn Hutkin

Chief Financial Officer

ir@belf.com

Investor Contact:

Three Part Advisors

Jean Marie Young, Managing Director or Steven Hooser, Partner

631-418-4339

jyoung@threepa.com; shooser@threepa.com

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this release and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “forecast,” “outlook,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Bel’s control. Bel’s actual results could differ materially from those stated or implied in our forward-looking statements (including without limitation any of Bel’s projections) due to a number of factors, including but not limited to, the following: risks related to the protection of our intellectual property rights; difficulties associated with integrating previously acquired companies, including any unanticipated difficulties, or unexpected or higher than anticipated expenditures; the possibility that the Bel’s intended acquisition of the remaining 20% stake in Enercon is not completed, and any resulting disruptions to Bel’s business and its currently 80% owned Enercon subsidiary; trends in demand which can affect Bel’s products and results; the market concerns facing Bel’s customers, and risks for its business in the event of the loss of certain substantial customers; the continuing viability of sectors that rely on Bel’s products; the effects of business and economic conditions, and challenges impacting the macroeconomic environment generally and/or Bel’s industry specifically; the effects of energy and other input costs, and cost changes generally, including the potential impact of inflationary pressures; capacity and supply constraints or difficulties, including supply chain constraints or other challenges; the impact of public health crises; difficulties associated with the availability of labor, and the risks of any labor unrest or labor shortages; risks associated with Bel’s international operations, including its substantial manufacturing operations in China and Israel; risks related to Bel’s indebtedness; risks associated with restructuring programs or other strategic initiatives, including any difficulties in implementation or realization of the expected benefits or cost savings; product development, commercialization or technological difficulties (including risks relating to artificial intelligence); the regulatory and trade environment of the countries in which Bel transacts business or that may otherwise impact Bel, its customers and/or its suppliers; risks associated with fluctuations in foreign currency exchange and interest rates; uncertainties associated with legal proceedings; the market’s acceptance of Bel’s products and competitive responses to those products; the impact of changes to U.S. and applicable foreign legal and regulatory requirements, including tax laws; and other risks detailed in Bel’s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and in subsequent reports filed by Bel with the Securities and Exchange Commission (the “SEC”). The forward-looking statements included in this press release represent Bel’s views only as of the date of this press release, and except as required by law, Bel undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

The Non-GAAP financial measures identified in this press release as well as in the supplementary information to this press release (Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income, Non-GAAP Provision for Income Taxes and Adjusted EBITDA) are not measures of performance under accounting principles generally accepted in the United States of America ("GAAP"). These measures should not be considered a substitute for, and the reader should also consider, income from operations, provision for income taxes, net earnings, earnings per share and other measures of performance as defined by GAAP as indicators of our performance or profitability. Our non-GAAP measures may not be comparable to other similarly-titled captions of other companies due to differences in the method of calculation. With these measures we present results adjusted to exclude the effects of certain unusual or special items that occur outside the ordinary course of business and are not used by management for evaluating operating performance, as well their related tax impact, all of which would otherwise be included under U.S. GAAP. We believe that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. We use these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analysis and for budgeting and planning purposes. We also believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similarly situated companies in our industry, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures, such as Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income, Non-GAAP Provision for Income Taxes and Adjusted EBITDA, adjust corresponding GAAP measures for provision for income taxes, other income/expense, net, interest income/expense, and depreciation and amortization, and also exclude, where applicable for the covered period presented in the financial statements, certain unusual or special items identified by management as discussed above, such as stock-based compensation, amortization of inventory step-up, amortization of intangibles (which primarily related to the amortization of finite-lived customer relationships and technology associated with the company's historical acquisitions), unrealized foreign currency exchange (gains) losses, restructuring charges (credits), gains/losses on sales of businesses and properties (including both non-operational properties in Hong Kong and operational properties elsewhere), acquisition related costs (for proposed or completed transactions), earnout liability adjustments, impairment charges, noncontrolling interest ("NCI") adjustments from fair value to redemption value, write-off of deferred financing costs, and certain litigation costs. Please refer to the financial information included with this press release for reconciliations of GAAP financial measures to Non-GAAP financial measures.

Website Information

We routinely post important information for investors on our website, www.belfuse.com, in the "Investor Relations" section. We may use our website as a means of disclosing material, otherwise non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

[Financial tables follow]

Bel Fuse Inc.

Supplementary Information(1)

Condensed Consolidated Statements of Operations

(in thousands, except per share amounts)

(unaudited)

Three Months Ended

Nine Months Ended

September 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

Gross profit

90,281

71,140

243,846

195,042

As a % of net sales

40.9

39.7

40.0

39.0

Research and development costs

8,795

7,549

26,308

22,875

Selling, general and administrative expenses

39,437

32,804

112,452

93,225

As a % of net sales

17.9

18.3

18.4

18.7

Restructuring charges (credits)

219

157

(2,434

)

Gain on sale of properties

(1,626

)

(5,701

)

Earnout liability adjustments

2,439

1,857

3,291

1,857

Income from operations

39,553

30,337

101,638

85,220

As a % of net sales

17.9

16.9

16.7

17.1

Interest expense

(71

)

(3,630

)

(4,403

)

(11,775

)

Interest income

2,740

238

4,170

777

Other income, net

4,419

1,058

788

11,265

Earnings before income taxes

46,641

28,003

102,193

85,487

Provision for income taxes

8,252

5,448

14,845

17,817

Effective tax rate

17.7

19.5

14.5

20.8

Net earnings

38,389

22,555

87,348

67,670

As a % of net sales

17.4

12.6

14.3

13.5

Less: Net earnings attributable to noncontrolling interest

276

620

3,005

2,280

Redemption value adjustment attributable to noncontrolling interest

11,823

(315

)

21,194

(1,595

)

Net earnings attributable to Bel Fuse shareholders

26,290

22,250

63,149

66,985

Weighted average number of shares outstanding:

Class A common shares - basic

2,115

Class A common shares - diluted

2,115

Class B common shares - basic

12,312

10,548

11,455

10,519

Class B common shares - diluted

12,324

10,548

11,465

10,519

Net earnings per common share:

Class A common shares - basic

1.74

1.68

4.45

5.07

Class A common shares - diluted

1.74

1.68

4.45

5.07

Class B common shares - basic

1.84

1.77

4.69

5.35

Class B common shares - diluted

1.83

1.77

4.69

5.35

(1) The supplementary information included in this press release for 2026 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the SEC.

Bel Fuse Inc.

Supplementary Information(1)

Condensed Consolidated Balance Sheets

(in thousands, unaudited)

September 30, 2026

December 31, 2025

Assets

Current assets:

Cash and cash equivalents

333,122

57,800

Accounts receivable, net

156,178

121,490

Inventories

224,712

167,270

Other current assets

32,777

38,201

Total current assets

746,789

384,761

Property, plant and equipment, net

50,320

48,428

Right-of-use assets

31,579

22,868

Goodwill and other intangible assets, net

431,187

432,787

Other assets

49,564

46,356

Total assets

1,309,439

935,200

Liabilities, redeemable noncontrolling interest and shareholders' equity

Current liabilities:

Accounts payable

92,490

52,990

Operating lease liabilities, current

8,689

8,029

Other current liabilities

67,381

66,426

Total current liabilities

168,560

127,445

Long-term debt

197,500

Operating lease liabilities long-term

23,575

15,867

Other liabilities

69,895

75,714

Total liabilities

262,030

416,526

Redeemable noncontrolling interest

114,038

93,161

Shareholders' equity

933,371

425,513

Total liabilities, redeemable noncontrolling interest and shareholders' equity

1,309,439

935,200

(1) The supplementary information included in this press release for 2026 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the SEC.

Bel Fuse Inc.

Supplementary Information(1)

Condensed Consolidated Statements of Cash Flows

(in thousands, unaudited)

Nine Months Ended

September 30,

2026

2025

Cash flows from operating activities:

Net earnings

87,348

67,670

Adjustments to reconcile net earnings to net cash provided by operating activities:

Depreciation and amortization

20,806

19,936

Stock-based compensation

8,158

4,661

Amortization of deferred financing costs

1,090

1,124

Deferred income taxes (benefit)

(5,331

)

1,722

Unrealized losses (gains) on foreign currency revaluation

2,557

(13,203

)

Gain on sale/disposal of properties

(976

)

(5,701

)

Inventory impairment

1,186

Change in fair value of contingent consideration liabilities

3,291

Other, net

(3,641

)

1,794

Changes in operating assets and liabilities:

Increase in accounts receivable

(32,603

)

(13,141

)

Decrease (increase) in unbilled receivables

1,513

(4,097

)

Increase in inventories

(56,495

)

(1,656

)

Increase in other current assets

(1,757

)

(3,232

)

(Increase) decrease in other assets

(2,698

)

880

Increase in accounts payable

37,650

4,030

Increase (decrease) in accrued expenses

1,528

(3,357

)

Decrease in accrued restructuring costs

(435

)

(5,010

)

Increase (decrease) in income taxes payable

5,654

(3,142

)

(Decrease) increase in other liabilities

(889

)

1,766

Net cash provided by operating activities

65,956

51,044

Cash flows from investing activities:

Purchases of property, plant and equipment

(11,036

)

(8,578

)

Proceeds from held to maturity securities

950

Investment in related party notes receivable

(985

)

Proceeds from disposal/sale of property, plant and equipment

1,192

7,763

Acquisition of business, net of cash acquired

(16,224

)

Net cash used in investing activities

(26,068

)

(850

)

Cash flows from financing activities:

Dividends paid to common shareholders

(2,651

)

(2,494

)

Dividends paid to noncontrolling interest

(3,324

)

Payment for contingent consideration

(3,531

)

Deferred financing costs

(681

)

Repayments under revolving line of credit

(217,500

)

(70,500

)

Borrowings under revolving line of credit

20,000

8,000

Proceeds from issuance of common stock, net

441,643

Net cash provided by (used in) financing activities

234,637

(65,675

)

Effect of exchange rate changes on cash

797

4,971

Net increase (decrease) in cash and cash equivalents

275,322

(10,510

)

Cash and cash equivalents - beginning of year

57,800

68,253

Cash and cash equivalents - end of year

333,122

57,743

Supplementary information:

Cash paid during the period for:

Income taxes, net of refunds received

15,601

19,426

Interest payments

3,816

11,831

ROU assets obtained in exchange for lease obligations

15,130

1,784

(1) The supplementary information included in this press release for 2026 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the SEC.

Bel Fuse Inc.

Supplementary Information(1)

Segment Highlights

(dollars in thousands, unaudited)

Sales

Gross Margin

Q3-26

Q3-25

% Change

Q3-26

Q3-25

Basis Point Change

Aerospace, Defense & Rugged Solutions

106,596

96,298

10.7

39.6

41.1

(150

)

Industrial Technology & Data Solutions

113,914

82,682

37.8

42.7

38.0

470

Total

220,510

178,980

23.2

40.9

39.7

120

Sales

Gross Margin

YTD September 2026

YTD September 2025

% Change

YTD September 2026

YTD September 2025

Basis Point Change

Aerospace, Defense & Rugged Solutions

316,874

271,252

16.8

40.7

40.9

(20

)

Industrial Technology & Data Solutions

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 supplementary information included in this press release for 2026 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the SEC.

Bel Fuse Inc.

Supplementary Information(1)

Reconciliation of GAAP Net Earnings to Non-GAAP Operating Income and Adjusted EBITDA

(in thousands, unaudited)

Three Months Ended

Nine Months Ended

September 30,

2026

2025

2026

2025

GAAP Net Earnings

38,389

22,555

87,348

67,670

Provision for income taxes

8,252

5,448

14,845

17,817

Other income, net

(4,419

)

(1,058

)

(788

)

(11,265

)

Interest income

(2,740

)

(238

)

(4,170

)

(777

)

Interest expense

3,630

4,403

11,775

GAAP Operating Income

39,553

30,337

101,638

85,220

Restructuring charges (credits)

219

157

(2,434

)

Earnout liability adjustments

2,439

1,857

3,291

1,857

Stock-based compensation

3,047

1,761

8,158

4,661

Acquisition related costs

143

1,806

Amortization of inventory step-up

1,757

Gain on sale of properties

(1,626

)

(5,701

)

Non-GAAP Operating Income

45,239

32,548

115,050

85,360

Depreciation and amortization

7,271

6,652

20,806

19,936

Adjusted EBITDA

52,510

39,200

135,856

105,296

% of net sales

23.8

21.9

22.3

21.1

(1) The supplementary information included in this press release for 2026 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the SEC.

Bel Fuse Inc.

Supplementary Information(1)

Reconciliation of GAAP Measures to Non-GAAP Measures

(in thousands, except per share data) (unaudited)

The following tables detail the impact that certain unusual or special items had on the Company’s earnings before taxes, provision for income taxes, net earnings attributable to Bel Fuse Shareholders, and net earnings per common Class A and Class B basic shares (“EPS”), as well as the line items in which these items were included on the consolidated statements of operations.

Three Months Ended September 30, 2026

Three Months Ended September 30, 2025

Reconciling Items

Earnings before taxes

Provision for income taxes

Net Earnings Attributable to Bel Fuse Shareholders

Basic Class A EPS(2)

Basic Class B EPS(2)

Earnings before taxes

Provision for income taxes

Net Earnings Attributable to Bel Fuse Shareholders

Basic Class A EPS(2)

Basic Class B EPS(2)

GAAP measures

46,641

8,252

26,290

1.74

1.84

28,003

5,448

22,250

1.68

1.77

Restructuring charges

0.00

219

183

0.01

Earnout liability adjustments

2,439

390

2,049

0.14

1,857

297

1,560

0.12

Stock-based compensation

3,047

679

2,368

0.16

0.17

1,761

363

1,398

0.11

Acquisition related costs

143

110

0.01

Redemption value adjustment on redeemable NCI

11,823

0.79

0.83

(315

)

(0.02

)

(0.02

)

Amortization of intangibles

3,875

694

3,181

0.21

0.22

3,700

647

3,053

0.23

0.24

Unrealized foreign currency exchange gains

(1,229

)

(333

)

(896

)

(0.06

)

(0.06

)

(291

)

(81

)

(210

)

(0.02

)

(0.02

)

Gain on sale of Hong Kong property

(976

)

(976

)

(0.06

)

(0.07

)

Gain on sale of properties

(1,626

)

(1,626

)

(0.12

)

(0.13

)

Non-GAAP measures

53,997

9,729

43,992

2.92

3.07

33,623

6,710

26,293

1.99

2.09

Nine Months Ended September 30, 2026

Nine Months Ended September 30, 2025

Reconciling Items

Earnings before taxes

Provision for income taxes

Net Earnings Attributable to Bel Fuse Shareholders

Basic Class A EPS(2)

Basic Class B EPS(2)

Earnings before taxes

Provision for income taxes

Net Earnings Attributable to Bel Fuse Shareholders

Basic Class A EPS(2)

Basic Class B EPS(2)

GAAP measures

102,193

14,845

63,149

4.45

4.69

85,487

17,817

66,985

5.07

5.35

Restructuring charges/(credits)

157

128

0.01

(2,434

)

(287

)

(2,147

)

(0.16

)

(0.17

)

Earnout liability adjustments

3,291

526

2,765

0.20

0.21

1,857

297

1,560

0.12

Stock-based compensation

8,158

1,819

6,339

0.45

0.47

4,661

960

3,701

0.28

0.30

Acquisition related costs

1,806

415

1,391

0.10

Redemption value adjustment on redeemable NCI

21,194

1.50

1.57

(1,595

)

(0.12

)

(0.13

)

Amortization of intangibles

11,516

2,051

9,465

0.67

0.70

11,083

1,942

9,141

0.69

0.73

Unrealized foreign currency exchange losses/(gains)

2,557

605

1,952

0.14

(13,204

)

(3,076

)

(10,128

)

(0.77

)

(0.81

)

Deferred financing cost write-off

640

147

493

0.04

Amortization of inventory step-up

1,757

404

1,353

0.10

0.11

Gain on sale of Hong Kong property

(976

)

(976

)

(0.07

)

(0.07

)

Gain on sale of properties

(5,701

)

(937

)

(4,764

)

(0.36

)

(0.38

)

Non-GAAP measures

129,342

20,437

105,900

7.48

7.86

83,506

17,120

64,106

4.85

5.12

(1) The supplementary information included in this press release for 2026 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the SEC.

(2) Individual amounts of earnings per share may not agree to the total due to rounding.

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Document And Entity Information

Oct. 28, 2026

Document Information [Line Items]

Entity, Registrant Name

BELFUSE INC /NJ

Document, Type

8-K

Document, Period End Date

Oct. 28, 2026

Entity, Incorporation, State or Country Code

Entity, File Number

000-11676

Entity, Tax Identification Number

22-1463699

Entity, Address, Address Line One

300 Executive Drive, Suite 300

Entity, Address, City or Town

West Orange

Entity, Address, State or Province

Entity, Address, Postal Zip Code

07052

City Area Code

201

Local Phone Number

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Trading Symbol

BELFA

Security Exchange Name

NASDAQ

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