Belden Inc. filed its Form 10-Q for the quarterly period ended September 27, 2026 with the Securities and Exchange Commission on October 29, 2026, reporting a net loss for the third quarter alongside a significant expansion in assets and debt tied to business acquisitions.

Key Highlights

  • Third-quarter net loss: Belden reported a net loss of $11,351 thousand ($0.29 per basic and diluted share) for the three months ended September 27, 2026, compared to net income of $56,690 thousand ($1.41 diluted) in the same period of 2025.
  • Revenue increase: Quarterly revenues were $965,954 thousand, up from $698,221 thousand in the third quarter of 2025, according to the filing.
  • Nine-month net income: For the nine months ended September 27, 2026, the company reported net income of $108,212 thousand, or $2.75 per diluted share.
  • Acquisition activity: Cash used for business acquisitions in the nine-month period totaled $1,869,631 thousand, compared to cash provided of $7,744 thousand in the prior-year period.
  • Long-term debt: Long-term debt rose to $3,031,910 thousand at September 27, 2026, from $1,285,666 thousand at December 31, 2025, with borrowings under credit arrangements of $2,432,630 thousand during the nine months.
  • Total assets: Total assets grew to $5,967,215 thousand at September 27, 2026, from $3,543,621 thousand at December 31, 2025, with goodwill nearly doubling to $2,030,937 thousand from $1,036,821 thousand.
  • Shares outstanding: As of October 22, 2026, the registrant had 39,100,023 outstanding shares of common stock.

Belden's Third-Quarter Results Reflect Acquisition Costs and Rising Debt

According to the filing, Belden Inc. (NYSE:BDC) swung to a quarterly net loss of $11,351 thousand in the three months ended September 27, 2026, compared with net income of $56,690 thousand in the year-earlier quarter. The filing attributes the deterioration in profitability in part to sharply higher amortization of intangibles, which reached $54,807 thousand for the quarter versus $13,636 thousand a year prior, as well as increased interest expense of $41,802 thousand compared to $11,562 thousand. Operating income for the quarter was $16,764 thousand, down from $76,288 thousand in the third quarter of 2025.

The balance sheet reflects the scale of Belden's acquisition activity in the period. The filing shows goodwill increased to $2,030,937 thousand from $1,036,821 thousand at December 31, 2025, and intangible assets net of amortization rose to $1,378,494 thousand from $399,799 thousand over the same span. Total assets stood at $5,967,215 thousand at the end of the quarter. To fund these transactions, the company drew heavily on credit arrangements, with borrowings of $2,432,630 thousand during the nine-month period and payments of $47,545 thousand in debt issuance costs, according to the cash flow statement.

For the nine months ended September 27, 2026, revenues totaled $2,412,486 thousand versus $1,995,074 thousand in the comparable prior-year period, and net income was $108,212 thousand, or $2.75 per diluted share, compared to $169,633 thousand, or $4.21 per diluted share, for the nine months ended September 28, 2025. The company declared common stock dividends of $0.05 per share in each of the three quarters of 2026, for a nine-month total of $0.15 per share. Operating cash flow for the nine months was $240,200 thousand, up from $194,476 thousand in the prior-year period.

What Was Disclosed

Belden's 10-Q for the period ended September 27, 2026 disclosed a third-quarter net loss, substantially higher revenues, a near-doubling of total assets driven by acquisitions, and a significant increase in long-term debt relative to year-end 2025 levels.