Littelfuse, Inc. reported financial results for the third quarter ended September 26, 2026, announcing record net sales and earnings per share. The company recorded record net sales of $767 million, a 22% increase over the prior year. This figure included a reduction of $28.5 million related to a one-time Dortmund contract amendment fee. On an organic basis, sales grew by 22%.
GAAP diluted earnings per share (EPS) for the quarter were $4.49, representing a 62% increase year-over-year. The company also reported a record adjusted diluted EPS of $5.79, a 96% increase. GAAP operating margin was 20.0%, while the adjusted EBITDA margin reached 28.4%.
Segment performance varied by business unit. The Electronics segment generated net sales of $426 million, with organic sales increasing 27%. The Transportation segment saw net sales increase 7% to $183 million, driven by commercial vehicle demand. The Industrial segment reported net sales of $158 million, a 65% increase, largely attributed to the Basler Electric acquisition.
Regarding cash flow, the company reported $230 million in cash flow from operations, a 57% increase, and $216 million in free cash flow, a 64% increase. Year-to-date, cash flow from operations totaled $457 million, and free cash flow totaled $409 million.
Looking ahead to the fourth quarter, Littelfuse expects net sales in the range of $750 million to $770 million and adjusted diluted EPS in the range of $5.05 to $5.25. The company also announced a quarterly cash dividend of $0.80 per share, scheduled for payment on December 3, 2026.
