Recent Updates — BDC
Belden Inc. reported record third-quarter fiscal 2026 revenues of $966 million, a 38% increase year-over-year, driven by strong demand in AI and automation markets. Adjusted earnings per share reached $2.26, up 15%, while GAAP EPS was ($0.29) due to non-cash purchase accounting charges from the Ruckus acquisition. The company also surpassed $1 billion in quarterly orders for the first time, closing at $1,017 million with a book-to-bill ratio of 1.05x. Additionally, Belden announced a signed agreement to supply $100 million of fiber solutions to a major US data center customer in 2027, signaling expected growth of more than 50% for its data center business next year. The company operates as a global full-stack networking solutions provider.
Belden Inc. filed an amendment to its Form 8-K to include the required financial statements and pro forma information regarding the completion of its acquisition of the RUCKUS reporting segment from Vistance Networks, Inc. The filing provides audited combined financial statements for Ruckus Wireless Networks for fiscal years ended December 31, 2025 and 2024, alongside unaudited condensed financials for the three months ended March 31, 2026. For the year ended December 31, 2025, Ruckus reported net sales of $686.8 million, operating income of $50.1 million, and net income of $35.9 million, compared to a net loss of $22.6 million in 2024. The acquisition is material as it expands Belden's portfolio into enterprise wireless networking solutions. Belden Inc. operates in the communications infrastructure industry, manufacturing cables, connectors, and network security products.
Belden Inc. reported record second quarter 2026 financial results for the period ended June 28, 2026. Revenues reached $750 million, a 12% year-over-year increase, while GAAP EPS rose 14% to $1.74 and Adjusted EPS increased 24% to $2.34. The company also reported record orders of $836 million with a book-to-bill ratio of 1.11. Belden completed its acquisition of RUCKUS Networks on July 1, 2026. Management provided third quarter guidance projecting revenues between $950 million and $970 million, GAAP EPS of $0.69 to $0.84, and Adjusted EPS of $2.15 to $2.30. Belden Inc. operates in the networking solutions industry, providing full-stack connection infrastructure for data centers and industrial applications.
Belden Inc. consummated the RUCKUS Acquisition of Vistance Networks, Inc.'s RUCKUS reporting segment on July 1, 2026, for approximately $1.87 billion in cash. To fund the acquisition, the company entered into a $1,850.0 million senior secured term loan credit facility with JPMorgan Chase Bank, N.A. and a syndicate of lenders. Belden Inc. operates in the industrial technology and connectivity solutions industry.