Littelfuse tops Q3 profit estimates, misses on revenue

Littelfuse Inc. (LFUS) said on Oct. 28 that adjusted diluted earnings per share for the third quarter rose to $5.79, topping the $5.07 consensus estimate compiled by Finnhub.

Revenue of $766.7 million missed the $808.34 million estimate from the same source. The result included a one-time $28.5 million fee from a contract amendment tied to the Dortmund Semiconductor GmbH asset, recorded as a reduction of semiconductor net sales. Excluding that fee, adjusted net sales were $795.2 million.

Littelfuse, Inc. is a diversified industrial technology manufacturer with about 18,000 associates in more than 20 countries, according to the release.

Here's how the company did:

• Adjusted diluted EPS: $5.79 vs. $2.95 a year earlier
• GAAP diluted EPS: $4.49 vs. $2.77 a year earlier
• Revenue: $766.7 million vs. $624.6 million a year earlier
• Net income: $115.4 million vs. $69.5 million a year earlier

Littelfuse President and Chief Executive Officer Greg Henderson said in the release, "We delivered strong third quarter results reflecting broad-based demand strength, disciplined execution, and continued momentum across the portfolio."

Cash flow from operations rose 57% to $230 million, and free cash flow rose 64% to $216 million, the company said.

According to its SEC filings, net income went from $69.5 million in the third quarter of 2025 to a loss of $242.1 million in the fourth quarter of 2025, then to a profit of $75.1 million in the first quarter of 2026.

Segment results

Electronics net sales were $426.2 million, up 19.2% from a year earlier. Organic sales rose 27%, with passive products up 30% and semiconductor products up 24%. Adjusted EBITDA margin for the segment was 33.1%, up 910 basis points.

Transportation net sales rose 7% to $183 million. Commercial vehicle sales grew 20% organically, while passenger vehicle sales fell 5%. The segment's adjusted EBITDA margin was 19.6%.

Industrial net sales rose 65% to $158 million, with organic sales up 27%. The Basler Electric Company acquisition contributed 38% to that growth. Adjusted EBITDA margin for the segment was 25.2%.

Fourth-quarter guidance

For the fourth quarter, the company expects net sales of $750 million to $770 million, adjusted diluted EPS of $5.05 to $5.25, and an adjusted effective tax rate of about 24%. The company said it expects approximately 28% year-over-year revenue growth. The guidance is given on a non-GAAP basis.

Dividend and presentation

The company announced a quarterly cash dividend of 80 cents per share, payable Dec. 3 to shareholders of record as of Nov. 19. It also filed a slide presentation with the 8-K as Exhibit 99.2.