Littelfuse (LFUS) Q4 2025 earnings summary

Executive summary

• Q4 2025 revenue reached $594 million, up 12% year-over-year, with organic growth of 7% and strong cash generation; Basler Electric acquisition closed, expanding high-power and industrial market presence.

• Full year 2025 revenue grew 9% to $2.39 billion, with adjusted EBITDA margin at 20.9% and free cash flow up 26% to $366 million.

• Adjusted diluted EPS for Q4 was $2.69; full year adjusted EPS was $10.68, up 34%; GAAP results impacted by a $301 million non-cash goodwill impairment charge.

• Bookings in Q4 rose over 20% year-over-year, supporting a robust backlog and momentum into 2026.

• Strategic priorities include growth opportunities, broader customer solutions, and operational excellence.

Financial highlights

• Q4 revenue was $594 million, up 12% reported and 7% organic; adjusted EBITDA margin reached 20.5%, up 480 bps.

• Q4 adjusted EPS was $2.69; GAAP diluted loss per share was $(9.72) due to impairment.

• Q4 operating cash flow was $139 million; free cash flow was $120 million.

• Full year free cash flow was $366 million; cash and cash equivalents at year-end were $563 million.

• Returned $90 million to shareholders via dividend in Q4; paid $72 million in dividends and repurchased $28 million in stock during 2025.

Outlook and guidance

• Q1 2026 sales expected between $625 million and $645 million, with 7% organic growth at midpoint and 5% from Basler; adjusted EPS projected at $2.70–$2.90.

• Anticipates Basler will contribute $130–$135 million in revenue and 10–15 cents of adjusted earnings in 2026, with high teens adjusted EBITDA margin.

• Targeting free cash flow conversion above 100% in 2026.

• Q1 2026 adjusted effective tax rate expected at 24%.

• 2026 market assumptions include strong data center, renewables, and grid demand, with flat consumer electronics and modest construction growth.