LITTELFUSE INC /DE (LFUS): Results of Operations and Financial Condition
LITTELFUSE INC /DE (LFUS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 FOR IMMEDIATE RELEASE David Kelley 224-727-2535 dkelley@littelfuse.com Littelfuse Reports Second Quarter Results for 2026 Second Quarter Highlights: (Year-over-year comparisons unless otherwise noted) • Net sales of $739 million, +20%; organic growth contributed +14%
How this was made
The 30-second read
Why it matters
Traders can update earnings models using the provided Q3 revenue and adjusted EPS ranges, and assess quality of earnings via operating cash flow and free cash flow growth, plus margin trends.
Market read
The filing combines a results print with explicit forward ranges for revenue and adjusted EPS, making it a direct catalyst for near-term estimate revisions and positioning.
What to watch
Transportation segment profitability declined (commercial vehicle margin pressure) and passenger vehicle builds were lower, which could cap multiple expansion if weakness spreads beyond the quarter.
Littelfuse Reports Second Quarter Results for 2026
Net sales grew +20%, organic growth contributed +14%, GAAP operating margin increased +110 bps, adjusted EBITDA margin increased +220 bps, and third-quarter guidance calls for net sales of $780 - $800 million.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net salesGAAP | $739 million | – | +20% |
| Organic growthnon-GAAP | +14% | – | – |
| GAAP diluted earnings per shareGAAP | $3.49 | – | – |
| Adjusted diluted earnings per sharenon-GAAP | $4.19 | – | – |
| GAAP operating marginGAAP | 16.2% | – | +110 bps |
| Adjusted EBITDA marginnon-GAAP | 23.6% | – | +220 bps |
| Cash flow from operationsGAAP | $146 million | – | – |
| Free cash flownon-GAAP | $127 million | – | +75% |
| YTD cash flow from operationsGAAP | $226 million | – | – |
| YTD free cash flownon-GAAP | $193 million | – | +68% |
Third Quarter of 2026 outlook
- Revenue$780 - $800 million
- Tax rateapproximately 23% - 24%
- Noteadjusted diluted EPS in the range of $4.85 – $5.05
- Noteapproximately 26% total revenue growth versus the prior year
Capital returns
- Cash dividend of $0.80 per share, annualized to $3.20 per share, +7%
- The company will pay a cash dividend of $0.80 per share on its common stock.
- The dividend will be paid on September 3, 2026, to shareholders of record as of August 20, 2026.
What drove it
- Electronics net sales increased +21%; organic sales increased +20% driven by improved passive products (+26% organic) sales and semiconductor product (+15% organic) sales.
- Electronics favorable FX contributed +1% to growth.
- Electronics adjusted EBITDA margin increased to 26.3% (+470 bps) due to volume leverage, favorable mix, and operational execution in both passive products and semiconductor products.
- Transportation net sales increased +2%; organic sales increased +1% and favorable FX contributed +1% to growth.
- Transportation commercial vehicle sales increased +4% organic, benefiting from improved truck, construction and agricultural equipment demand.
- Industrial net sales increased +52%; organic sales increased +16% driven by improved data center, HVAC, industrial automation, and construction demand.
- The Basler acquisition contributed +36% to Industrial growth.
- Industrial adjusted EBITDA margin increased to 22.6% (+50 bps) driven by favorable volume leverage and mix.
- Third-quarter expectations are supported by record bookings, continued customer momentum, and contributions from the Basler acquisition.
Concerns
- Transportation adjusted EBITDA margin decreased to 18.6% (-190 bps) driven by lower commercial vehicle profitability which more than offset passenger vehicle margin expansion.
- Passenger vehicle sales were impacted by lower global passenger car builds and auto sensor product declines.
- GAAP items excluded from guidance may include acquisition and integration costs, restructuring, impairment and other charges, certain purchase accounting adjustments, non-operating foreign exchange adjustments and significant and unusual items.
What to watch
- Execution against third-quarter net sales guidance of $780 - $800 million and adjusted diluted EPS guidance of $4.85 – $5.05.
- Whether record bookings, continued customer momentum, and Basler acquisition contributions support approximately 26% total revenue growth versus the prior year.
- Transportation commercial vehicle profitability and passenger vehicle demand.
- Sustained demand in data center, HVAC, industrial automation, and construction markets.
Balance sheet and cash flow
- Cash and cash equivalents: $ 628,224 (in thousands) as of June 27, 2026
- Cash and cash equivalents: $ 563,391 (in thousands) as of December 27, 2025
- Current portion of long-term debt: $ 100,000 (in thousands) as of June 27, 2026
- Current portion of long-term debt: $ 96,233 (in thousands) as of December 27, 2025
- Cash flow from operations of $146 million; free cash flow of $127 million, +75%
- YTD Cash flow from operations of $226 million; free cash flow of $193 million, +68%
Analysis
Littelfuse reported second-quarter net sales of $739 million, up +20%, with organic growth contributing +14%. The company characterized demand as broad-based, and all three operating segments posted sales growth. Electronics advanced +21% and Industrial increased +52%, while Transportation grew +2%.
Electronics was supported by improved passive products (+26% organic) and semiconductor product (+15% organic) sales. Its adjusted EBITDA margin increased to 26.3% (+470 bps), with the company citing volume leverage, favorable mix, and operational execution. Industrial organic growth of +16% reflected improved data center, HVAC, industrial automation, and construction demand, while the Basler acquisition contributed +36% to segment growth.
Profitability and cash generation improved at the consolidated level. GAAP operating margin was 16.2%, up +110 bps, and adjusted EBITDA margin was 23.6%, up +220 bps. GAAP diluted earnings per share was $3.49 and adjusted diluted earnings per share was $4.19. Cash flow from operations was $146 million, free cash flow was $127 million, and YTD free cash flow was $193 million, up +68%.
Transportation remains the principal uneven area in the release. Passenger vehicle sales were affected by lower global passenger car builds and auto sensor product declines, while commercial vehicle growth benefited from truck, construction and agricultural equipment demand. Despite +2% Transportation sales growth, adjusted EBITDA margin declined to 18.6% (-190 bps) because lower commercial vehicle profitability more than offset passenger vehicle margin expansion.
For the third quarter, Littelfuse expects net sales of $780 - $800 million, adjusted diluted EPS of $4.85 – $5.05, and an adjusted effective tax rate of approximately 23% - 24%. The company expects approximately 26% total revenue growth versus the prior year, citing record bookings, customer momentum, and Basler acquisition contributions. Capital returns included a cash dividend of $0.80 per share, annualized to $3.20 per share, +7%.
Management, verbatim
We delivered strong second quarter results, with performance exceeding our expectations reflecting broad-based demand strength and disciplined execution across the portfolio.
Greg Henderson, Littelfuse President and Chief Executive Officer
Looking ahead to the third quarter, we expect approximately 26% total revenue growth versus the prior year, supported by record bookings, continued customer momentum, and contributions from the Basler acquisition.
Greg Henderson, Littelfuse President and Chief Executive Officer
Not in the filing
stated, not guessed- Prior-year and prior-quarter net sales amounts
- Segment net sales dollar amounts
- Gross profit and gross margin
- GAAP operating income
- Adjusted operating income and adjusted operating margin
- GAAP net income
- Prior-year and prior-quarter GAAP diluted earnings per share
- Prior-year and prior-quarter adjusted diluted earnings per share
- Cash flow from operations prior-year comparative amount
- Free cash flow prior-year comparative amount
- Share repurchases
- Total long-term debt
- Net debt
- Full balance sheet and cash flow statement data, as the provided filing text is truncated
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This is an SEC 8-K filing with Littelfuse’s Q2 2026 earnings release (Item 2.02) and forward guidance for Q3 2026, including segment performance and dividend details.
Ticker impact
Littelfuse reported Q2 2026 results and guided Q3 net sales $780-$800M with adjusted EPS $4.85-$5.05, plus Basler acquisition contribution.
Likely positive bias into the next trading sessions as guidance and cash flow support earnings expectations.
The filing includes concrete Q2 datapoints (net sales +20%, FCF +75%, GAAP EPS $3.49, adjusted EPS $4.19) and a specific Q3 revenue and adjusted EPS range, which are direct inputs to valuation and estimates.
Market effects
Signals demand strength and operating leverage in electrical components and protection/power semiconductor end markets, potentially supporting sentiment for peers in similar protection and industrial electronics supply chains.
Primarily US-listed industrial tech read-through; could influence broader North American industrial electronics sentiment.
Basler acquisition contribution and FX commentary suggest multinational demand and integration execution remain key watch items for global electrical energy transfer supply chains.
Counterpoint
Guidance upside may be partially dependent on acquisition contribution (Basler) and bookings momentum, which can be less durable if end-market demand normalizes.
Key entities
- companyLittelfuse, Inc.
Reported Q2 2026 results, provided Q3 2026 guidance, and announced a quarterly cash dividend.
- transactionBasler acquisition
Cited as contributing to Q3 growth expectations in the guidance narrative.
