Littelfuse, Inc. · LFUS · FY2026 Q2 · Calendar Q3 2026

Littelfuse sustains strong growth as data-center demand broadens

Littelfuse's Q2 showed broad-based demand and continued portfolio execution, supporting the growth trajectory in the near term. The key test is converting design wins into revenue while integrating Basler and managing cyclical and channel risks.

Reported Before market openNASDAQTechnology $9.99B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.19 Consensus $3.78
EPS surprise +10.8% Reported versus consensus
Reported revenue $738.8M Consensus $703.4M
Revenue surprise +5.0% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +4.7% Event window
SPY move -1.5% Same window
Abnormal move +6.2% Stock minus SPY
Volume 2.1× Versus trailing sessions
Subsequent drift +2.0% Up to 20 sessions
LFUSSPY benchmark

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Transcript intelligence

What changed

Management reported Q2 sales growth across CCDI and EII markets, highlighted progress with Basler, and advanced portfolio optimization. The company also disclosed a 2027 Allen fab closure and several new design-win opportunities.

Guidance delta

Q3 guidance points to continued acceleration, with projected sales of $780-$800 million and adjusted EPS of $4.85-$5.05. Basler's expected 2026 revenue contribution increased to $135-$140 million.

Key takeaways

  • Q2 sales rose 20% year over year, with strength in data center, industrial automation, HVAC recovery, and transportation.
  • Basler integration is progressing, and its expected 2026 revenue contribution is now $135-$140 million.
  • The design-win pipeline spans data center high-voltage architectures, automotive, energy, and fusion power.
  • Portfolio optimization includes the planned 2027 Allen, Texas semiconductor fab closure.
  • The main execution question is how quickly bookings and design wins convert into revenue.

Management priorities

  • Execute on high-value power semiconductor opportunities.
  • Integrate Basler and use its cross-industry customer base.
  • Advance data-center, automotive, energy, and fusion-power design wins.
  • Close the Allen, Texas fab in 2027 and realize planned cost savings.
  • Maintain portfolio focus on high-power, high-value semiconductor applications.

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Earnings History

Estimate Beat Miss Match
LFUS EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $1.75 Q1 '24 actual $1.76, match Q2 '24 estimate $1.76 Q2 '24 actual $1.97, beat Q3 '24 estimate $2.09 Q3 '24 actual $2.71, beat Q2 '25 estimate $2.35 Q2 '25 actual $2.85, beat Q3 '25 estimate $2.75 Q3 '25 actual $2.95, beat Q4 '25 estimate $2.51 Q4 '25 actual $2.69, beat Q1 '26 estimate $2.85 Q1 '26 actual $3.31, beat Q2 '26 estimate $3.78 Q2 '26 actual $4.19, beat Q3 '26 estimate $4.97 Q4 '26 estimate $5.16 Q1 '27 estimate $5.03 Q2 '27 estimate $5.57
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Analyst Consensus ?

ConsensusHold12 ratings
Bullish758.3%
Neutral433.3%
Bearish18.4%

Analyst 52W Price Targets

$393.08Current
$175Low
$380Average
$535High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 31, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Needham Buy BuyMaintainOct 28, 2026
Baird Outperform OutperformMaintainJun 5, 2026
Oppenheimer Outperform OutperformMaintainMay 7, 2026
Benchmark Buy HoldUpgradeJan 29, 2026
Stifel Buy HoldUpgradeAug 13, 2024
TD Cowen Hold HoldMaintainAug 1, 2024
Cowen & Co. Market Perform OutperformDowngradeNov 3, 2022
Cross Research Sell HoldDowngradeJan 21, 2020
CL King Buy BuyMaintainDec 26, 2019
Stifel Nicolaus Hold HoldMaintainOct 31, 2019
Jefferies Buy BuyMaintainOct 3, 2019
Longbow Research Neutral BuyDowngradeApr 17, 2019
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Named analyst price targets

Upside is calculated against the persisted current price $393.08. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Robert W. BairdAnalyst unavailable$535$480.24 +36.1%Jun 5, 2026
Williams TradingDavid Williams$520$441.67 +32.3%May 7, 2026
OppenheimerAnalyst unavailable$500$441.67 +27.2%May 7, 2026
Williams TradingDavid Williams$450$404.17 +14.5%May 1, 2026
OppenheimerChristopher Glynn$430$383.55 +9.4%Apr 10, 2026
OppenheimerAnalyst unavailable$380$321.17 -3.3%Jan 29, 2026
Robert W. BairdLuke Junk$360$314.25 -8.4%Jan 29, 2026
UBSAnalyst unavailable$360$314.25 -8.4%Jan 29, 2026
Williams TradingDavid Williams$360$319.86 -8.4%Jan 29, 2026
OppenheimerChristopher Glynn$360$293.8 -8.4%Jan 16, 2026
Robert W. BairdAnalyst unavailable$310$255.78 -21.1%Oct 10, 2025
OppenheimerChristopher Glynn$310$256.77 -21.1%Oct 17, 2024
Robert W. BairdLuke Junk$315$268.24 -19.9%Aug 29, 2024
Stifel NicolausMatthew Sheerin$280$240.71 -28.8%Aug 12, 2024
Stifel NicolausMatthew Sheerin$250$270.26 -36.4%Jul 15, 2024
BTIGPeter Saleh$175$253.52 -55.5%May 17, 2024
Robert W. BairdLuke Junk$300$249.45 -23.7%May 17, 2024
JefferiesSaree Boroditsky$260$235.47 -33.9%Apr 9, 2024
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Company context

Snapshot as of publication

Littelfuse, Inc. is an industrial technology manufacturing company, which engages in the business of designing, manufacturing, and selling electronic components, modules, and subassemblies to empower the long-term secular growth themes of sustainability, connectivity, and safety. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment includes a broad range of end markets including industrial motor drives, power conversion, automotive electronics, electric vehicle and related charging infrastructure, aerospace, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-07-29T21:05:52.731353+00:00
  2. FN2 earnings calendar · 2026-09-03T01:23:14.877038+00:00
  3. Polygon adjusted daily market bars · 2026-10-31T16:00:41.965962+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-31T16:00:41.963115+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-31. For educational purposes only; not investment advice.