Belden Inc. reported third‑quarter 2025 revenue of $698.2 million, a 7% year‑over‑year increase, and adjusted earnings per share of $1.97, up 16% from the same period last year. Net income for the quarter was $56.7 million and the adjusted gross margin expanded to 38.2%.
Compared with the preceding quarter, Q3 2025 revenue rose 5% from $664 million in Q2 2025, and adjusted EPS increased 12% from $1.75. In contrast, Q3 2024 revenue was $655 million and adjusted EPS was $1.70, underscoring a strong sequential and year‑over‑year trend.
The Automation Solutions segment grew 10% organically, contributing $120 million in revenue, while the Smart Infrastructure Solutions segment saw a 1% decline, generating $80 million. The company’s focus on integrated connectivity for industrial automation and data center markets drove the majority of the revenue lift.
Gross margin expansion to 38.2% was supported by pricing power and cost‑control initiatives, offsetting headwinds from tariff and copper pass‑throughs that pressured margins in the prior year. EBITDA margin improved to 18.5%, reflecting disciplined operating leverage.
For the fourth quarter, Belden is guiding revenue to $690–$700 million, GAAP earnings per share to $1.40–$1.50, and adjusted earnings per share to $1.90–$2.00, maintaining a strong earnings trajectory despite a slight revenue decline relative to Q3.
Strategically, Belden is advancing its Physical AI program in partnership with NVIDIA and Accenture, and it secured a multiyear solutions award with a leading utility provider to modernize communications infrastructure using its XTran platform. The company repurchased $50 million in shares during Q3, bringing the year‑to‑date total to $150 million, reinforcing its commitment to returning capital to shareholders.
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