Bel Fuse Inc. announced preliminary financial results for the second quarter and first half of 2025 on July 24, 2025. The company reported Q2 2025 net sales of $168.3 million, a 26.3% increase year-over-year, and GAAP net income of $26.9 million, or $2.14 per share, exceeding expectations.
Farouq Tuweiq, President and CEO, stated that results benefited from improved on-time shipments and enhanced intraquarter turns, reinforcing the company's growth thesis for the year. Strength was evident in defense and commercial aerospace applications, alongside a rebound in networking and distribution sales after nearly two years of inventory destocking.
Tariffs minimally impacted performance in Q2, resulting in only $2.2 million of low-margin sales. For the third quarter of 2025, Bel anticipates net sales of $165 million to $180 million and gross margins of 37% to 39%, driven by strong Q2 bookings and expected sequential growth in the second half of the year.
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