CHICAGO — Littelfuse, Inc. today reported financial results for the first quarter ended March 28, 2026:
“Our teams delivered a strong start to the year, with first quarter results exceeding our expectations,” said Greg Henderson, Littelfuse President and Chief Executive Officer. “We capitalized on solid market demand and executed well on our strategic priorities while leveraging our leadership in safe and efficient electrical energy transfer. Across all segments, we delivered growth and margin expansion, and we remain focused on driving growth opportunities, broadening our solutions portfolio, and advancing our operational excellence initiatives.”
Second Quarter of 2026*
“Looking ahead to the second quarter, we expect approximately 14% total revenue growth versus the prior year, supported by a strong backlog, continued customer momentum, and contributions from the Basler acquisition. Demand strength remains broad based, and we continue to partner closely with our customers to drive the ongoing evolution to higher power and higher energy density solutions.”
Based on current market conditions, for the second quarter the company expects,
- Net sales in the range of $690 – $710 million, adjusted diluted EPS in the range of $3.65 – $3.85 and an adjusted effective tax rate of 21% – 22%
*Littelfuse provides guidance on a non-GAAP (adjusted) basis. GAAP items excluded from guidance may include the after-tax impact of items including acquisition and integration costs, restructuring, impairment and other charges, certain purchase accounting adjustments, non-operating foreign exchange adjustments and significant and unusual items. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. Littelfuse is not able to forecast the excluded items in order to provide the most directly comparable GAAP financial measure without unreasonable efforts. |
May 14, 2026 Investor Day
The Company will host an Investor Day in New York City on Thursday, May 14, 2026. Greg Henderson, President and CEO, Abhi Khandelwal, Executive Vice President and CFO, and other members of the executive leadership team will present an in-depth review of the company’s business strategy, growth drivers, and financial objectives. The event will also feature interactive Q&A sessions.
Presentations are expected to begin at 9:00 a.m. ET and conclude at 12:00 p.m. ET.
The live webcast, as well as the presentation materials, will be available to the public on the day of the event via the Investor Relations section of Littelfuse.com. The webcast replay will be available within 24 hours of the event and will be archived for 12 months.
First Quarter 2026 Segment Performance Highlights
Electronics Segment
- Net sales for the first quarter 2026 increased +18%. Organic sales increased +15% driven by improved passive products (+22% organic) sales. Semiconductor product (+8% organic) sales also contributed to growth driven by increased protection semiconductor volumes which more than offset lower power semiconductor sales. Favorable FX contributed +3% to growth.
- Adjusted EBITDA margin for the first quarter 2026 increased to 25.1% (+300 bps) primarily due to strong passive products and protection volume leverage.
Transportation Segment
- Net sales for the first quarter 2026 increased +5% as organic sales increased +1% while favorable FX contributed +4% to growth. Organic sales growth benefited from improved passenger vehicle organic sales (+4% organic) and favorable pricing, which offset lower commercial vehicle sales (-1% organic). Passenger vehicle strength was driven by content expansion, more than offsetting lower global passenger car builds and sensor declines in the first quarter. Lower commercial vehicle organic sales reflected the previously disclosed exit of the marine business.
- Adjusted EBITDA margin for the first quarter 2026 increased to 19.1% (+200 bps) driven by volume leverage and operational execution.
Industrial Segment
- Net sales for the first quarter 2026 increased +45%. Organic sales increased +5% as improved grid & utility infrastructure and data center demand, along with favorable pricing, more than offset lower HVAC demand. The Basler acquisition and favorable FX also contributed +39% and +1% to growth, respectively.
- Adjusted EBITDA margin for the first quarter 2026 increased to 21.9% (+340 bps) driven by favorable volume leverage and mix.
Dividend
- The company will pay a cash dividend on its common stock of $0.75 per share on June 4, 2026, to shareholders of record as of May 21, 2026.