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Littelfuse reported strong second-quarter 2026 results, with net sales increasing 20% year-over-year to $739 million, driven by 14% organic growth and broad-based demand across its Electronics, Transportation, and Industrial segments. The company also delivered significant improvements in profitability and cash generation while issuing a positive outlook for the third quarter.
Second-quarter highlights included:
- Net sales of $739 million, up 20% year-over-year
- Organic sales growth of 14%
- GAAP operating margin of 16.2%, up 110 basis points
- Adjusted EBITDA margin of 23.6%, up 220 basis points
- GAAP diluted earnings per share of $3.49
- Adjusted diluted earnings per share of $4.19
- Cash flow from operations of $146 million
- Free cash flow of $127 million, up 75%
- Year-to-date operating cash flow of $226 million
- Year-to-date free cash flow of $193 million, up 68%
- Quarterly dividend increased 7% to $0.80 per share, equivalent to an annualized dividend of $3.20 per share
President and CEO Greg Henderson said the company’s performance exceeded expectations, supported by broad-based demand strength, disciplined execution, and continued progress on its strategic priorities. He added that Littelfuse remains focused on expanding high-growth opportunities, strengthening customer partnerships, improving operational excellence, and deploying capital strategically.
The Electronics segment recorded the strongest organic growth, with revenue increasing 21%, including 20% organic growth. Passive products grew 26% organically, while semiconductor products increased 15%, driven by higher protection and power semiconductor volumes. Favorable foreign exchange contributed an additional 1% to growth. Adjusted EBITDA margin expanded 470 basis points to 26.3% due to higher volumes, favorable product mix, and operational improvements.
The Transportation segment reported 2% revenue growth, with 1% organic growth and a 1% benefit from foreign exchange. Commercial vehicle sales increased 4%, supported by stronger demand for trucks, construction equipment, and agricultural machinery, while passenger vehicle sales declined 2% due to weaker global vehicle production and lower sensor product sales. Adjusted EBITDA margin declined 190 basis points to 18.6%, reflecting lower commercial vehicle profitability.
The Industrial segment delivered the highest overall growth, with revenue increasing 52%. Organic growth reached 16%, driven by stronger demand from data centers, HVAC systems, industrial automation, and construction markets, while the Basler acquisition contributed an additional 36% to revenue growth. Adjusted EBITDA margin improved 50 basis points to 22.6%, supported by favorable volume leverage and product mix.
Looking ahead, Littelfuse expects continued momentum in the third quarter. The company forecasts net sales of $780 million to $800 million, representing approximately 26% year-over-year growth, with adjusted diluted earnings per share expected between $4.85 and $5.05. Management cited record bookings, continued customer demand, and contributions from the Basler acquisition as key drivers, while highlighting ongoing opportunities in higher-power and higher-energy-density applications.
Original – Littelfuse
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Wolfspeed has appointed Andy W. Mattes to its Board of Directors, effective immediately, strengthening the company’s leadership with a technology executive who brings more than four decades of experience across the semiconductor and advanced technology industries.
Mattes has previously served as Chief Executive Officer of Coherent and Diebold Nixdorf, and has held senior leadership positions at Hewlett Packard, Siemens, and McKinsey & Company. He also has more than 20 years of public company board experience and currently serves on the boards of AT&S AG, ams OSRAM AG, and Cohu, Inc.
According to Wolfspeed, Mattes’ expertise in technology, operations, corporate strategy, and governance will support the company’s focus on disciplined execution and long-term growth as it continues to expand its silicon carbide business.
Wolfspeed CEO Robert Feurle said Mattes’ global technology leadership and strategic perspective will be valuable as the company executes its strategic priorities, strengthens its position in the silicon carbide market, and pursues long-term growth opportunities.
Mattes stated that he is joining Wolfspeed during a pivotal stage of its development and highlighted the growing importance of silicon carbide technology for power electronics, electrification, energy efficiency, and advanced industrial applications. He also noted that the company’s leadership has laid important groundwork over the past year and expressed his intention to help advance Wolfspeed’s strategy and long-term value creation.
Original – Wolfspeed
