Belden Reports Record Q2 Earnings, Driven by Strong Demand and AI Infrastructure Growth
Belden Inc (NYSE:BDC) reported record second-quarter results with revenue rising 12% year over year to $750 million. Organic growth reached 8%, while adjusted EPS increased 24% to $2.34, surpassing guidance. Orders grew by 19% to $836 million, resulting in a book-to-bill ratio of 1.11. The company highlighted strong momentum in data-center and AI infrastructure markets, booking approximately $40 million in hyperscaler orders during the quarter. This included a significant contract for high-density fiber connectivity at an AI data center. Management expects physical AI applications to account for 15%–20% of revenue over several years. Belden's recent acquisition of RUCKUS Networks, completed on July 1, is expected to contribute immediately to financial performance and raise annualized combined revenue to $3.6 billion. However, the deal has increased leverage to about 3.9 times EBITDA before planned debt reduction.
Tickers: $BDC
Topics: acquisition_impact adjusted_eps book-to-bill_ratio orders_increase revenue_growth