Belden Inc. Reports 11.5% Revenue Growth and Strategic Acquisition of Ruckus Networks

Belden Inc. reported a significant increase in financial performance for the six months ended June 28, 2026, with total revenues reaching $1.45 billion, up 11.5% from $1.30 billion in the same period of the previous year. The company’s net income also rose to $119.6 million, compared to $112.9 million in the prior year, reflecting a 5.9% increase. The growth in revenue was attributed to higher sales volume, favorable pricing, and positive impacts from copper pass-through pricing and currency translation.

In terms of operational changes, Belden underwent a strategic realignment of its organizational structure effective January 1, 2026, transitioning to a unified functional operating model. This restructuring aims to enhance operational agility and capitalize on the convergence of information technology (IT) and operational technology (OT). Additionally, the company announced the acquisition of Ruckus Networks for approximately $1.9 billion, which is expected to expand its offerings in wireless networking solutions. To finance this acquisition, Belden entered into a Term Loan Credit Facility on July 1, 2026.

The company’s operational metrics showed a positive trend, with gross profit increasing to $551.7 million for the six months ended June 28, 2026, compared to $504.4 million in the previous year. Selling, general, and administrative expenses also rose to $286.5 million, reflecting increased selling expenses aligned with revenue growth. Belden's Adjusted EBITDA for the same period was $264.0 million, representing a 21.1% increase year-over-year, with an Adjusted EBITDA margin of 18.2%.

Belden's cash flow from operating activities improved to $110.6 million, up from $89.5 million in the prior year, driven by increased earnings and favorable changes in operating assets and liabilities. However, cash used for investing activities rose to $85.0 million, primarily due to capital expenditures. The company’s cash and cash equivalents stood at $348.7 million as of June 28, 2026, with a significant portion held outside the U.S.

Looking ahead, Belden aims to achieve mid-single-digit annual revenue growth and maintain a disciplined capital allocation strategy. The company is focused on leveraging its new organizational structure and the recent acquisition of Ruckus Networks to enhance its market position and drive future growth. The management remains optimistic about navigating market challenges, including inflation and global trade volatility, while capitalizing on opportunities in the evolving technology landscape.