Littelfuse, Inc. (NASDAQ: LFUS) is a diversified industrial technology manufacturing company that empowers a sustainable, connected, and safer world. Founded by Edward V. Sundt in 1927, the company has grown into a global leader in circuit protection, power control, and sensing technologies. Headquartered in Rosemont, Illinois, Littelfuse operates through three ...Littelfuse, Inc. (NASDAQ: LFUS) is a diversified industrial technology manufacturing company that empowers a sustainable, connected, and safer world. Founded by Edward V. Sundt in 1927, the company has grown into a global leader in circuit protection, power control, and sensing technologies. Headquartered in Rosemont, Illinois, Littelfuse operates through three primary segments: Electronics, Transportation, and Industrial.
The Electronics segment serves a broad range of end markets including industrial motor drives, power conversion, automotive electronics, electric vehicles and charging infrastructure, aerospace, power supplies, data centers, telecommunications, medical devices, alternative energy, energy storage, building and home automation, appliances, and mobile electronics. This segment offers products such as fuses, varistors, TVS diodes, PTC devices, and other circuit protection components, as well as sensors and power semiconductors.
The Transportation segment focuses on circuit protection, power control, and sensing for global OEMs, tier-one suppliers, and aftermarket distributors in passenger vehicles, heavy-duty trucks, buses, off-road and recreational vehicles, material handling, agricultural machinery, and construction equipment. Products include fuses, relays, switches, battery disconnects, and sensors that ensure safety and reliability in vehicles.
The Industrial segment provides industrial circuit protection, controls, and temperature sensors for applications like renewable energy and energy storage systems, industrial safety, factory automation, EV infrastructure, HVAC, non-residential construction, MRO, and mining. This includes products like industrial fuses, contactors, overload relays, and temperature sensors.
Littelfuse is committed to innovation and sustainability, with a focus on long-term secular growth themes. The company invests in R&D (around 4.4% of revenue) to develop new products and solutions. In 2024, revenue was approximately $2.19 billion, with a global workforce of over 16,000 associates across more than 20 countries. The company's financial metrics indicate a market cap of about $11.6 billion, a price-to-sales ratio of 4.4, and a dividend yield of 0.7%. Despite a slight negative net margin in the trailing twelve months, Littelfuse maintains a strong balance sheet with a debt-to-equity ratio of 0.27.
Leadership is guided by CEO Greg Henderson, who has been with the company since 2018 and previously served in various roles. The company's history includes numerous acquisitions to expand its product portfolio and market reach, demonstrating a strategy of growth and diversification. Littelfuse is dedicated to shaping solutions for safe and efficient electrical energy transfer, playing a vital role in enabling the electrification and connectivity trends of the modern world.
Operator : Good day, everyone, and welcome to the Littelfuse Second Quarter 2026 Earnings Conference Call. Today's call is being recorded. At this time, I will turn the call over to the Vice President of Investor Relations, David Kelley. Please proceed.
David Kelley : Good morning, and welcome to the Littelfuse Second Quarter 2026 Earnings Conference Call. With me today are Greg Henderson, President and CEO; and Abhi Khandelwal, Executive Vice President and CFO. This morning, we reported results for our second quarter, and a copy of our earnings release and slide presentation is available in the Investor Relations section of our website. A webcast of today's conference call will also be available on our website. Please advance to Slide 2 for our disclaimers. Our discussions today will include forward-looking statements. These forward-looking statements may involve significant risks and uncertainties. Please review today's press release and our Forms 10-K and 10-Q for more detail about important risks that could cause actual results to differ materially from our expectations. We assume no obligation to update any of this forward-looking information. Also, our remarks today refer to non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most comparable GAAP measure is provided in our earnings release available in the Investor Relations section of our website. I will now turn the call over to Greg.
Gregory Henderson : Thank you, David, and thank you to everyone for joining us today. This morning, I will provide details on our second quarter results, including an update on performance across our end markets. I'll then discuss progress against our strategic priorities before turning it over to Abhi to review our financial results by segment. But before discussing the quarter in greater detail, I think it's important to step back and view our performance through the lens of the growth strategy we outlined at Investor Day in May. Our results reflect continued progress against the priorities we shared with investors. Across our markets, we are partnering with our customers to enable the adoption of higher power and more advanced electrical architectures. Our second quarter performance and the momentum we see into the second half of 2026 reinforce our confidence in our long-term growth and profitability framework. Now turning to the quarter. We delivered sales and adjusted earnings above our expectations with net sales of $739 million, up 20% year-over-year and 14% organically. We also delivered meaningful earnings growth as our teams executed well while leveraging continued demand momentum across several of our key growth markets. Looking at our end market exposures across the Littelfuse portfolio, we delivered strong second quarter growth across computing, communications and diversified industrial markets or CCDI. Within the market, data center remained a leading contributor to growth as we continue to leverage …
