10-Q · July 29, 2026
Littelfuse posted a strong Q2: revenue grew 20.4% to $738.781 million, gross margin expanded 360 basis points to 41.4%, operating margin rose 110 basis points to 16.2%, and GAAP diluted EPS increased to $3.49 from…
Earnings analysis · 10-Q
LFUS earnings analysis
Filed October 28, 2026 · Our reading of the company's report
The latest report
Littelfuse delivered strong year-over-year growth, with Q3 revenue of $766.7 million up 22.7% and GAAP diluted EPS of $4.49 up 62.1% from Q3 2025. However, both revenue and EPS missed consensus estimates of $793.7…
Read full summary
Littelfuse delivered strong year-over-year growth, with Q3 revenue of $766.7 million up 22.7% and GAAP diluted EPS of $4.49 up 62.1% from Q3 2025. However, both revenue and EPS missed consensus estimates of $793.7 million and $4.98, respectively, and the $28.5 million Dortmund amendment fee and passenger-vehicle weakness remain material headwinds. The 10-Q reports no material changes in risk factors or market-risk exposure; Q4 outlook in the accompanying earnings materials calls for $750 million-$770 million of revenue and $5.05-$5.25 of adjusted EPS.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $4.49
What stood out
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Revenue grew 22.7% year over year
Q3 revenue was $766.7 million, up $141.7 million, or 22.7%, from $625.0 million in Q3 2025. Revenue nevertheless fell $-? versus the $793.7 million consensus estimate, a $27.0 million shortfall.
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GAAP EPS rose 62.1% year over year
GAAP diluted EPS was $4.49 versus $2.77 in Q3 2025, an increase of $1.72, or 62.1%. EPS was below the $4.98 consensus estimate by $0.49.
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No material market-risk change reported
Management reported no material changes in market-risk exposure during the nine months ended September 26, 2026, and concluded that disclosure controls were effective as of September 26, 2026.
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Preserved cash by pausing buybacks
The company did not repurchase shares during either the three or nine months ended September 26, 2026, compared with 120,689 shares repurchased for $27.4 million during the nine months ended September 27, 2025.
What to watch
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Quarterly results missed consensus
Q3 revenue of $766.7 million missed the $793.7 million consensus estimate by $27.0 million, while GAAP EPS of $4.49 missed the $4.98 estimate by $0.49.
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Dortmund fee weighs on results
A $28.5 million Dortmund amendment fee reduced reported sales and remains a material earnings headwind. The fee was identified in the accompanying Q3 earnings disclosure.
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Passenger-vehicle weakness persists
Passenger-vehicle demand weakness remains a material demand risk. Q4 revenue guidance of $750 million-$770 million is below Q3 revenue of $766.7 million at the midpoint on a sequential basis.
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No new 10-Q risk-factor changes
The filing states there were no material changes to the risk factors disclosed in the December 27, 2025 Form 10-K; therefore, no new risk-factor escalation was identified in this 10-Q.
Management's outlook
The 10-Q does not provide a prior-outlook comparison. The accompanying Q3 earnings materials provided Q4 2026 adjusted diluted EPS guidance of $5.05-$5.25 and net sales guidance of $750 million-$770 million, implying approximately 28% year-over-year revenue growth.
Earlier filings 4
10-Q · May 6, 2026
Littelfuse reported a strong Q1 2026 with net sales of $657 million, exceeding the prior year by 18.5% and surpassing estimates. EPS was $2.96, also higher than the previous year’s $1.75. Management raised its Q2…
10-K · February 19, 2026
Littelfuse returned to revenue growth in fiscal 2025 with net sales of $2,386.3 million (up from $2,190.8 million in 2024) while pursuing strategic acquisitions (Basler for $350.3 million; Dortmund Fab ~€94 million) to…
10-Q · July 30, 2025
Littelfuse reported a strong quarter with net sales of $613,413,000 (up $54,924,000 vs. $558,489,000) and operating income of $92,778,000 (vs. $65,506,000). Diluted EPS rose to $2.30 (vs. $1.82) and operating cash…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.