Littelfuse (LFUS) Q3 2026 earnings summary

Executive summary

• Q3 net sales were $766.7M, up 22.7% YoY and 22% organically; adjusted diluted EPS reached a record $5.79, up 96%.

• Broad demand, segment growth, margin expansion and strong cash generation supported results; record bookings and book-to-bill above 1.0 supported continued momentum.

• A one-time $28.5M Elmos amendment fee reduced semiconductor net sales.

Financial highlights

• Q3 GAAP operating income was $153.4M, net income was $115.4M and diluted EPS was $4.49; adjusted diluted EPS was $5.79.

• Adjusted EBITDA was $225.9M and adjusted EBITDA margin was 28.4%, up 690 bps YoY; adjusted net sales excluding the fee were $795.2M.

• Operating cash flow was $230.1M and free cash flow was $215.7M, up 57% and 64%; YTD cash flow was $456.6M and $409.2M, respectively.

• Nine-month net sales were $2,162.5M, up 20.6%; net income was $279.9M and diluted EPS was $10.94.

Outlook and guidance

• Q4 net sales guidance is $750M–$770M, representing 28% reported and 21% organic growth at midpoint; Basler contributes 6% and FX 1%.

• Q4 adjusted diluted EPS guidance is $5.05–$5.25, up 91% YoY at midpoint; assumed adjusted effective tax rate is ~24%.

• Long-term targets include 7%–9% organic growth, 24%–26% adjusted EBITDA margin, and 2030 revenue of $4.5B, adjusted EBITDA of $1.1B and annual free cash flow above $600M.

• 2026 outlook cited strength in industrial automation, construction, grid and utility, renewables, BESS and data centers; consumer electronics remained soft.