Littelfuse Q3 adjusted EPS jumps 96% to $5.79
Littelfuse expects fourth-quarter net sales of $750–$770 million and adjusted diluted EPS of $5.05–$5.25.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Littelfuse, Inc. reported third-quarter 2026 net sales of $766.7 million, up 22.7% year over year, and GAAP diluted earnings per share of $4.49, up 62%. Adjusted diluted EPS was $5.79, up 96%; operating cash flow was $230.1 million, up 57%, and free cash flow was $215.7 million, up 64%. The sales total includes a $28.5 million one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales.
Electronics sales were $426.2 million, with 27% organic growth; Transportation sales were $182.6 million, up 7%; and Industrial sales were $157.8 million, up 65%, including a 38% contribution to growth from the Basler acquisition. GAAP operating margin was 20.0%, while adjusted EBITDA margin was 28.4%.
For fourth-quarter 2026, the company expects sales of $750–$770 million and adjusted diluted EPS of $5.05–$5.25, with an adjusted effective tax rate of approximately 24%. It declared a quarterly dividend of $0.80 per share, payable December 3, 2026, to shareholders of record November 19, 2026.
3 points · 0 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter net sales increased 22.7% to $766.7 million.
- Moderate pointGAAP diluted EPS rose 62% to $4.49.
- Moderate pointOperating cash flow rose 57% to $230.1 million.
Negative
- None.
Filing Explained
As of
8-K Event Classification
3 items: 2.02, 7.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Net sales: $766.7 million
GAAP diluted EPS: $4.49 per share
Adjusted diluted EPS: $5.79 per share
+5 more
8 metrics
Net sales
$766.7 million
Third quarter 2026; up 22.7% year over year
GAAP diluted EPS
$4.49 per share
Third quarter 2026; up 62% year over year
Adjusted diluted EPS
$5.79 per share
Third quarter 2026; up 96% year over year
Operating cash flow
$230.1 million
Third quarter 2026; up 57% year over year
Free cash flow
$215.7 million
Third quarter 2026; up 64% year over year
Net sales guidance
$750–$770 million
Expected for fourth quarter 2026
Adjusted diluted EPS guidance
$5.05–$5.25 per share
Expected for fourth quarter 2026
Quarterly cash dividend
$0.80 per share
Payable December 3, 2026, to shareholders of record November 19, 2026
Key Terms
organic net sales growth, adjusted diluted EPS, adjusted EBITDA margin, free cash flow, +1 more
5 terms
organic net sales growth financial
"Organic net sales growth of 22%"
Organic net sales growth measures how much a company’s core revenue rose from its existing operations, excluding effects from buying or selling businesses and from changes in currency values. Investors use it to see whether customers are actually buying more or paying higher prices — like checking growth from the same orchard year-to-year rather than counting fruit from newly added orchards — which helps assess true demand and underlying business health.
adjusted diluted EPS financial
"Record adjusted diluted earnings per share of $5.79"
Adjusted diluted EPS is a company’s profit per share after adding back or removing one-time items (like restructuring costs or gains) and dividing by the number of shares including potential shares from options and convertible securities. Investors use it as a cleaner view of ongoing earnings—like looking at a car’s regular fuel efficiency rather than a trip boosted by downhill coasting—to judge underlying performance and compare companies without temporary distortions.
adjusted EBITDA margin financial
"Adjusted EBITDA margin of 28.4%"
Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company's true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.
free cash flow financial
"Free cash flow of $216 million"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
Consolidated Net Leverage Ratio financial
"Consolidated Net Leverage Ratio ... 0.7x"
The consolidated net leverage ratio measures how much debt a company carries compared with the cash it generates from core operations, calculated by taking total borrowings minus cash and dividing by annual operating profit. Like comparing a household’s mortgage balance to its yearly income, it tells investors how many years of operating profit would be needed to pay off net debt and thus gauges financial risk, flexibility to invest, and capacity to weather downturns.
Earnings Snapshot
Net sales: $766.7 million · Guidance included
Third quarter ended September 26, 2026
Net sales
$766.7 million
+22.7% year over year
GAAP diluted EPS
$4.49 per share
+62% year over year
Adjusted diluted EPS
$5.79 per share
+96% year over year
Operating cash flow
$230.1 million
+57% year over year
Adjusted EBITDA margin
28.4%
+690 basis points year over year
Guidance
For fourth-quarter 2026, expected net sales are $750–$770 million, adjusted diluted EPS is $5.05–$5.25 per share, and the adjusted effective tax rate is approximately 24%.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were LFUS’s third-quarter 2026 sales?
Littelfuse reported third-quarter net sales of $766.7 million, up 22.7% year over year. The reported amount includes a $28.5 million one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales.
What were LFUS’s fourth-quarter 2026 sales and EPS expectations?
Littelfuse expects fourth-quarter 2026 net sales of $750–$770 million and adjusted diluted EPS of $5.05–$5.25. Its expected adjusted effective tax rate is approximately 24%.
What is LFUS’s reported consolidated net leverage ratio?
As of September 26, 2026, the consolidated net leverage ratio was 0.7x. The credit agreement and private placement senior notes state that a ratio above 3.50:1.00 at a fiscal quarter-end for the latest four consecutive quarters triggers an Event of Default.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
| WASHINGTON, D.C. 20579 | ||
FORM 8-K
| CURRENT REPORT | ||
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: October 28, 2026
(Date of earliest event reported)
LITTELFUSE, INC.
(Exact name of registrant as specified in its charter)
| (State of other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (773 ) 628-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 2.02 | Results of Operations and Financial Condition | ||||
The information contained within Item 2.02 of this Form 8-K and the Exhibits attached hereto shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
On October 28, 2026, Littelfuse, Inc. (the “Company”) issued a press release announcing the results of its operations for the quarter ended September 26, 2026. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and incorporated by reference to this Item 2.02 as if fully set forth herein. A copy of the press release will also be available on the Company’s website.
| Item 7.01 | Regulation FD Disclosure | ||||
To supplement the information in the attached press release, the Company has also prepared a presentation, which will be available on the Company’s website at https://investor.littelfuse.com/events-and-presentations and is attached hereto as Exhibit 99.2 to this Current Report on Form 8-K.
The information contained in the press release and investor presentation attached to this Form 8-K includes forward-looking statements that are intended to be covered by the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to comments with respect to the objectives and strategies, financial condition, results of operations and business of the Company. These forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, and the risk that predictions and other forward-looking statements will not be achieved. The Company cautions you not to place undue reliance on these forward-looking statements as a number of important factors could cause actual future results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements.
A copy of the press release is also posted on the Company's website.
| Item 9.01 | Financial Statements and Exhibits. | ||||
| (d) | Exhibits | |||||||
| The following exhibits are furnished with this Form 8-K: | ||||||||
99.1 Press Release dated October 28, 2026 | ||||||||
99.2 Littelfuse Presentation dated October 28, 2026 | ||||||||
| 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Littelfuse, Inc. | |||||
Date: October 28, 2026 | By: /s/ Abhishek Khandelwal | ||||
| Abhishek Khandelwal Executive Vice President and Chief Financial Officer | |||||
Exhibit 99.1
 |  | ||||
FOR IMMEDIATE RELEASE David Kelley 224-727-2535 dkelley@littelfuse.com | |||||
Littelfuse Reports Third Quarter Results for 2026
Third Quarter Highlights:
(Year-over-year comparisons unless otherwise noted)
•Record net sales of $767 million, including a reduction of $28.5 million related to a one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales
•Organic growth contributed +22%
•Cash flow from operations of $230 million, +57%; Free cash flow of $216 million, +64%
•YTD cash flow from operations of $457 million, +55%; YTD free cash flow of $409 million, +66%
•GAAP diluted earnings per share of $4.49, +62%
•Record adjusted diluted earnings per share of $5.79, +96%
•GAAP operating margin of 20.0%, +440 bps; Adjusted EBITDA margin of 28.4%, +690 bps
CHICAGO, October 28, 2026 - Littelfuse, Inc. (NASDAQ: LFUS), a leader in developing smart solutions that enable safe and efficient electrical energy transfer, today reported financial results for its third quarter ended September 26, 2026:
“We delivered strong third quarter results reflecting broad-based demand strength, disciplined execution, and
continued momentum across the portfolio,” said Greg Henderson, Littelfuse President and Chief Executive Officer.
“Our teams drove significant growth across our segments, while delivering meaningful margin expansion and robust
cash generation as we continued to advance our strategic priorities.”
“Looking ahead to the fourth quarter, we continue to see strong demand across our diverse market exposures, and
we expect approximately +28% yr/yr revenue growth. We remain focused on scaling our high growth opportunities,
partnering with our market leading customers, enhancing operational excellence, and deploying capital with
discipline as we execute our long-term strategy.”
Fourth Quarter of 2026*
Based on current market conditions, for the fourth quarter the Company expects:
•Net sales in the range of $750 - $770 million, adjusted diluted EPS in the range of $5.05 - $5.25 and an adjusted effective tax rate of approximately ~24%
-more-
Page 2
*Littelfuse provides guidance on a non-GAAP (adjusted) basis. GAAP items excluded from guidance may include the after-tax
impact of items including acquisition and integration costs, restructuring, impairment and other charges, certain purchase
accounting adjustments, non-operating foreign exchange adjustments and significant and unusual items. These items are
uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. Accordingly,
Littelfuse is not able to forecast the excluded items in order to provide the most directly comparable GAAP financial measure
without unreasonable efforts.
Third Quarter 2026 Segment Performance Highlights
Electronics Segment
•Net sales for the third quarter 2026 increased to $426 million, including the previously disclosed $28.5
million (€24.6 million) one-time Dortmund contract amendment fee recorded as a reduction of
semiconductor net sales. Organic sales increased +27% driven by improved passive products (+30%
organic). Semiconductor products (+24% organic) also contributed to growth driven by increased protection
and power semiconductor volumes.
•Adjusted EBITDA margin for the third quarter 2026 increased to 33.1% (+910 bps) due to volume leverage,
operational execution, and favorable price and product mix.
Transportation Segment
•Net sales for the third quarter 2026 increased +7%, both reported and organic, to $183 million. Organic
sales growth benefited from improved commercial vehicle sales (+20% organic), which offset lower
passenger vehicle organic sales (-5%). Commercial vehicle sales growth benefited from improved truck,
data center, material handling, construction and agricultural equipment demand. Lower passenger vehicle
sales were impacted by lower global passenger car builds and auto sensor product declines.
•Adjusted EBITDA margin for the third quarter 2026 increased to 19.6% (+280 bps) driven by commercial
vehicle volume leverage and operational execution.
Industrial Segment
•Net sales for the third quarter 2026 increased +65% to $158 million. Organic sales increased +27% driven
by improved data center, grid & utility infrastructure, HVAC, industrial automation, and construction
demand. The Basler Electric Company (“Basler”) acquisition contributed +38% to growth.
•Adjusted EBITDA margin for the third quarter 2026 increased to 25.2% (+450 bps) driven by improved
volume leverage, operational efficiencies, and favorable price and product mix.
Dividend
•The Company announced a quarterly cash dividend of $0.80 per share on its common stock. The dividend will be paid on December 3, 2026, to shareholders of record as of November 19, 2026.
Conference Call and Webcast Information
Littelfuse will host a conference call on Wednesday, October 28, 2026, at 8:00 a.m. Central Time to discuss the results. The call will be broadcast and available for replay at Littelfuse.com. A slide presentation will be available in the Investor Relations section of the Company’s website at Littelfuse.com.
-more-
Page 3
About Littelfuse
Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 20 countries, and with approximately 18,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation and electronics end markets – everywhere, every day. Learn more at Littelfuse.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995
The statements in this press release that are not historical facts are intended to constitute "forward-looking statements" entitled to the safe-harbor provisions of the Private Securities Litigation Reform Act. Such statements are based on Littelfuse, Inc.’s (“Littelfuse” or the “Company”) current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, risks and uncertainties relating to general economic conditions; product demand and market acceptance; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; cybersecurity matters; failure of an indemnification for environmental liability; changes in import and export duty and tariff rates; exchange rate fluctuations; commodity price fluctuations; the effect of the Company's accounting policies; labor disputes and shortages; restructuring costs in excess of expectations; pension plan asset returns less than assumed; uncertainties related to political or regulatory changes; integration of acquisitions may not be achieved in a timely manner, or at all; limited realization of the expected benefits from investment and strategic plans; the risk that expected benefits, synergies and growth prospects of our acquisitions may not be achieved in a timely manner, or at all; and other risks which may be detailed in the Company’s SEC filings. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated or implied in the forward-looking statements. This presentation should be read in conjunction with information provided in the financial statements appearing in the Company's Annual Report on Form 10-K for the fiscal year ended December 27, 2025. Further discussion of the risk factors of the Company can be found under the caption “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 27, 2025, and in other filings and submissions with the SEC, each of which is available free of charge on the Company’s investor relations website at investor.littelfuse.com and on the SEC’s website at www.sec.gov. These forward-looking statements are made as of the date hereof. The Company does not undertake any obligation to update, amend or clarify these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the availability of new information.
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Page 4
Non-GAAP Financial Measures
The information included in this press release and other materials filed with the SEC may include non-GAAP financial measures including organic net sales (decline) growth, adjusted net sales, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, adjusted effective tax rate, free cash flow, net debt, consolidated EBITDA, and consolidated net leverage ratio (as defined in the Credit Agreement). Many of these non-GAAP financial measures exclude the effect of certain expenses and income not related directly to the underlying performance of our fundamental business operations. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is set forth in the attached schedules. The Company believes that organic net sales (decline) growth, adjusted net sales, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, and adjusted effective tax rate provide useful information to investors regarding its operational performance because they enhance an investor’s overall understanding of the Company’s core financial performance and facilitate comparisons to historical results of operations, by excluding items that are not related directly to the underlying performance of its fundamental business operations or were not part of the Company’s business operations during a comparable period. The Company believes that free cash flow is a useful measure of its ability to generate cash. The Company believes that net debt, consolidated EBITDA, and consolidated net leverage ratio are useful measures of its credit position. The Company believes that all of these non-GAAP financial measures are commonly used by financial analysts and others in the industries in which we operate, and thus further provide useful information to investors. Management additionally uses these measures when assessing the performance of the business and for business planning purposes. Note that the Company’s definitions of these non-GAAP financial measures may differ from those terms as defined or used by other companies.
LFUS-F
###
| Littelfuse Inc. 6133 North River Road, Suite 500 Rosemont, Illinois 60018 p: (773) 628-1000 www.littelfuse.com | |||||
Page 5
LITTELFUSE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
| (Unaudited) | ||||||||||||||
| (in thousands, except share and per share data) | September 26, 2026 | December 27, 2025 | ||||||||||||
| ASSETS | ||||||||||||||
| Current assets: | ||||||||||||||
| Cash and cash equivalents | $ | 824,840 | $ | 563,391 | ||||||||||
| Short-term investments | 359 | 287 | ||||||||||||
Trade receivables, less allowances of $95,619 and $77,073 at September 26, 2026 and December 27, 2025, respectively | 438,145 | 363,215 | ||||||||||||
| Inventories | 443,990 | 416,472 | ||||||||||||
| Prepaid income taxes and income taxes receivable | 3,238 | 6,137 | ||||||||||||
| Prepaid expenses and other current assets | 102,077 | 85,832 | ||||||||||||
| Total current assets | 1,812,649 | 1,435,334 | ||||||||||||
| Net property, plant, and equipment | 507,749 | 540,640 | ||||||||||||
| Intangible assets, net of amortization | 538,141 | 594,907 | ||||||||||||
| Goodwill | 1,204,660 | 1,211,411 | ||||||||||||
| Investments | 11,815 | 20,010 | ||||||||||||
| Deferred income taxes | 3,800 | 5,255 | ||||||||||||
| Right of use lease assets | 85,276 | 86,263 | ||||||||||||
| Other long-term assets | 61,492 | 62,976 | ||||||||||||
| Total assets | $ | 4,225,582 | $ | 3,956,796 | ||||||||||
| LIABILITIES AND EQUITY | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Accounts payable | $ | 260,080 | $ | 211,079 | ||||||||||
| Accrued liabilities | 271,608 | 199,271 | ||||||||||||
| Accrued income taxes | 48,108 | 26,186 | ||||||||||||
| Current portion of long-term debt | 100,000 | 96,233 | ||||||||||||
| Total current liabilities | 679,796 | 532,769 | ||||||||||||
| Long-term debt, less current portion | 529,934 | 706,394 | ||||||||||||
| Deferred income taxes | 103,106 | 102,335 | ||||||||||||
| Accrued post-retirement benefits | 40,713 | 38,733 | ||||||||||||
| Non-current lease liabilities | 72,068 | 71,765 | ||||||||||||
| Other long-term liabilities | 75,782 | 78,766 | ||||||||||||
| Total equity | 2,724,183 | 2,426,034 | ||||||||||||
| Total liabilities and equity | $ | 4,225,582 | $ | 3,956,796 | ||||||||||
Page 6
LITTELFUSE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
| (in thousands, except per share data) | September 26, 2026 | September 27, 2025 | September 26, 2026 | September 27, 2025 | ||||||||||||||||||||||
| Net sales | $ | 766,729 | $ | 624,640 | $ | 2,162,479 | $ | 1,792,360 | ||||||||||||||||||
| Cost of sales | 448,173 | 383,652 | 1,283,710 | 1,112,062 | ||||||||||||||||||||||
| Gross profit | 318,556 | 240,988 | 878,769 | 680,298 | ||||||||||||||||||||||
| Selling, general, and administrative expenses | 114,608 | 99,570 | 334,511 | 282,795 | ||||||||||||||||||||||
| Research and development expenses | 29,722 | 27,332 | 90,496 | 79,781 | ||||||||||||||||||||||
| Amortization of intangibles | 14,648 | 15,037 | 45,852 | 44,220 | ||||||||||||||||||||||
| Restructuring, impairment, and other charges | 6,222 | 1,633 | 33,665 | 13,158 | ||||||||||||||||||||||
| Total operating expenses | 165,200 | 143,572 | 504,524 | 419,954 | ||||||||||||||||||||||
| Operating income | 153,356 | 97,416 | 374,245 | 260,344 | ||||||||||||||||||||||
| Interest expense | 5,689 | 8,578 | 18,405 | 26,021 | ||||||||||||||||||||||
| Foreign exchange loss (gain) | 1,697 | 175 | (876) | 15,466 | ||||||||||||||||||||||
| Other income, net | (4,244) | (6,053) | (7,293) | (14,020) | ||||||||||||||||||||||
| Income before income taxes | 150,214 | 94,716 | 364,009 | 232,877 | ||||||||||||||||||||||
| Income taxes | 34,837 | 25,194 | 84,080 | 62,442 | ||||||||||||||||||||||
| Net income | $ | 115,377 | $ | 69,522 | $ | 279,929 | $ | 170,435 | ||||||||||||||||||
| Earnings per share: | ||||||||||||||||||||||||||
| Basic | $ | 4.54 | $ | 2.80 | $ | 11.08 | $ | 6.88 | ||||||||||||||||||
| Diluted | $ | 4.49 | $ | 2.77 | $ | 10.94 | $ | 6.82 | ||||||||||||||||||
| Weighted-average shares and equivalent shares outstanding: | ||||||||||||||||||||||||||
| Basic | 25,401 | 24,837 | 25,260 | 24,786 | ||||||||||||||||||||||
| Diluted | 25,674 | 25,102 | 25,583 | 24,989 | ||||||||||||||||||||||
| Comprehensive income | $ | 117,736 | $ | 65,985 | $ | 257,408 | $ | 302,408 | ||||||||||||||||||
Page 7
LITTELFUSE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
| Nine Months Ended | ||||||||||||||
| (in thousands) | September 26, 2026 | September 27, 2025 | ||||||||||||
| OPERATING ACTIVITIES | ||||||||||||||
| Net income | $ | 279,929 | $ | 170,435 | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | 144,825 | 131,627 | ||||||||||||
| Changes in operating assets and liabilities: | ||||||||||||||
| Trade receivables | (77,483) | (64,552) | ||||||||||||
| Inventories | (30,711) | 33,567 | ||||||||||||
| Accounts payable | 46,876 | 12,757 | ||||||||||||
| Accrued liabilities and income taxes | 98,090 | 611 | ||||||||||||
| Prepaid expenses and other assets | (4,893) | 10,654 | ||||||||||||
| Net cash provided by operating activities | 456,633 | 295,099 | ||||||||||||
| INVESTING ACTIVITIES | ||||||||||||||
| Acquisitions of businesses, net of cash acquired | (1,663) | (57,417) | ||||||||||||
| Purchases of property, plant, and equipment | (47,474) | (48,697) | ||||||||||||
| Net proceeds from sale of property, plant and equipment, and other | 9,224 | 6,413 | ||||||||||||
| Net cash used in investing activities | (39,913) | (99,701) | ||||||||||||
| FINANCING ACTIVITIES | ||||||||||||||
| Net payments of credit facility | (166,250) | (61,250) | ||||||||||||
| Repurchases of common stock | — | (27,553) | ||||||||||||
| Cash dividends paid | (58,193) | (53,311) | ||||||||||||
| All other cash provided by financing activities | 72,071 | 15,840 | ||||||||||||
| Net cash used in financing activities | (152,372) | (126,274) | ||||||||||||
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (2,959) | 20,868 | ||||||||||||
| Increase in cash, cash equivalents, and restricted cash | 261,389 | 89,992 | ||||||||||||
| Cash, cash equivalents, and restricted cash at beginning of period | 565,104 | 726,437 | ||||||||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 826,493 | $ | 816,429 | ||||||||||
Page 8
LITTELFUSE, INC.
NET SALES AND OPERATING INCOME BY SEGMENT
(Unaudited)
| Third Quarter | Year-to-Date | |||||||||||||||||||||||||||||||||||||
| (in thousands) | 2026 | 2025 | % Growth | 2026 | 2025 | % Growth | ||||||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||||||||||||
| Electronics | $ | 426,239 | $ | 357,457 | 19.2 | % | $ | 1,195,434 | $ | 1,000,372 | 19.5 | % | ||||||||||||||||||||||||||
| Transportation | 182,643 | 171,311 | 6.6 | % | 535,435 | 512,573 | 4.5 | % | ||||||||||||||||||||||||||||||
| Industrial | 157,847 | 95,872 | 64.6 | % | 431,610 | 279,415 | 54.5 | % | ||||||||||||||||||||||||||||||
| Total net sales | $ | 766,729 | $ | 624,640 | 22.7 | % | $ | 2,162,479 | $ | 1,792,360 | 20.6 | % | ||||||||||||||||||||||||||
| Operating income | ||||||||||||||||||||||||||||||||||||||
| Electronics | $ | 102,350 | $ | 63,640 | 60.8 | % | $ | 259,545 | $ | 160,267 | 61.9 | % | ||||||||||||||||||||||||||
| Transportation | 27,330 | 20,187 | 35.4 | % | 77,124 | 67,178 | 14.8 | % | ||||||||||||||||||||||||||||||
| Industrial | 33,345 | 16,918 | 97.1 | % | 81,580 | 48,855 | 67.0 | % | ||||||||||||||||||||||||||||||
| Other (a) | (9,669) | (3,329) | N.M. | (44,004) | (15,956) | N.M. | ||||||||||||||||||||||||||||||||
| Total operating income | $ | 153,356 | $ | 97,416 | 57.4 | % | $ | 374,245 | $ | 260,344 | 43.8 | % | ||||||||||||||||||||||||||
| Operating Margin | 20.0 | % | 15.6 | % | 17.3 | % | 14.5 | % | ||||||||||||||||||||||||||||||
| Interest expense | 5,689 | 8,578 | 18,405 | 26,021 | ||||||||||||||||||||||||||||||||||
| Foreign exchange loss (gain) | 1,697 | 175 | (876) | 15,466 | ||||||||||||||||||||||||||||||||||
| Other income, net | (4,244) | (6,053) | (7,293) | (14,020) | ||||||||||||||||||||||||||||||||||
| Income before income taxes | $ | 150,214 | $ | 94,716 | 58.6 | % | $ | 364,009 | $ | 232,877 | 56.3 | % | ||||||||||||||||||||||||||
(a) "Other" typically includes non-GAAP adjustments such as acquisition-related and integration costs, purchase accounting inventory adjustments, and restructuring and impairment charges. See Supplemental Financial Information for details.
N.M. - Not meaningful
| Third Quarter | Year-to-Date | |||||||||||||||||||||||||||||||||||||
| (in thousands) | 2026 | 2025 | % Growth | 2026 | 2025 | % Growth | ||||||||||||||||||||||||||||||||
| Operating Margin | ||||||||||||||||||||||||||||||||||||||
| Electronics | 24.0 | % | 17.8 | % | 6.2 | % | 21.7 | % | 16.0 | % | 5.7 | % | ||||||||||||||||||||||||||
| Transportation | 15.0 | % | 11.8 | % | 3.2 | % | 14.4 | % | 13.1 | % | 1.3 | % | ||||||||||||||||||||||||||
| Industrial | 21.1 | % | 17.6 | % | 3.5 | % | 18.9 | % | 17.5 | % | 1.4 | % | ||||||||||||||||||||||||||
Page 9
LITTELFUSE, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(In millions of USD except per share amounts - unaudited)
| Non-GAAP EPS reconciliation | ||||||||||||||||||||||||||
| Q3-26 | Q3-25 | YTD-26 | YTD-25 | |||||||||||||||||||||||
| GAAP diluted EPS | $ | 4.49 | $ | 2.77 | $ | 10.94 | $ | 6.82 | ||||||||||||||||||
| EPS impact of Non-GAAP adjustments (below) | 1.30 | 0.18 | 2.35 | 1.17 | ||||||||||||||||||||||
| Adjusted diluted EPS | $ | 5.79 | $ | 2.95 | $ | 13.29 | $ | 7.99 | ||||||||||||||||||
| Non-GAAP adjustments - expense / (income) | ||||||||||||||||||||||||||
| Q3-26 | Q3-25 | YTD-26 | YTD-25 | |||||||||||||||||||||||
| One-time customer contract amendment fee (a) ("One-time amendment fee") | $ | 28.5 | $ | — | $ | 28.5 | $ | — | ||||||||||||||||||
| Acquisition-related and integration costs (b) | 3.5 | 1.4 | 5.0 | 3.0 | ||||||||||||||||||||||
| Purchase accounting inventory adjustments (c) | — | — | 5.4 | (0.5) | ||||||||||||||||||||||
| Restructuring, impairment and other charges (d) | 6.2 | 1.6 | 33.6 | 13.2 | ||||||||||||||||||||||
| Loss on sale of the Marine business (e) | — | 0.3 | — | 0.3 | ||||||||||||||||||||||
| Non-GAAP adjustments to operating income | 38.2 | 3.3 | 72.5 | 16.0 | ||||||||||||||||||||||
| Other income, net (f) | — | — | 2.7 | — | ||||||||||||||||||||||
| Non-operating foreign exchange loss (gain) | 1.7 | 0.2 | (0.9) | 15.5 | ||||||||||||||||||||||
| Non-GAAP adjustments to income before income taxes | 39.9 | 3.5 | 74.3 | 31.5 | ||||||||||||||||||||||
| Income taxes (g) | 6.6 | (1.0) | 14.2 | 2.2 | ||||||||||||||||||||||
| Non-GAAP adjustments to net income | $ | 33.3 | $ | 4.5 | $ | 60.1 | $ | 29.3 | ||||||||||||||||||
| Total EPS impact | $ | 1.30 | $ | 0.18 | $ | 2.35 | $ | 1.17 | ||||||||||||||||||
Page 10
| Adjusted operating margin / Adjusted EBITDA reconciliation | ||||||||||||||||||||||||||
| Q3-26 | Q3-25 | YTD-26 | YTD-25 | |||||||||||||||||||||||
| Net income | $ | 115.4 | $ | 69.5 | $ | 279.9 | $ | 170.4 | ||||||||||||||||||
| Add: | ||||||||||||||||||||||||||
| Income taxes | 34.8 | 25.2 | 84.1 | 62.4 | ||||||||||||||||||||||
| Interest expense | 5.7 | 8.6 | 18.4 | 26.0 | ||||||||||||||||||||||
| Foreign exchange loss (gain) | 1.7 | 0.2 | (0.9) | 15.5 | ||||||||||||||||||||||
| Other income, net | (4.2) | (6.1) | (7.3) | (14.0) | ||||||||||||||||||||||
| GAAP operating income | $ | 153.4 | $ | 97.4 | $ | 374.2 | $ | 260.3 | ||||||||||||||||||
| Non-GAAP adjustments to operating income | 38.2 | 3.3 | 72.5 | 16.0 | ||||||||||||||||||||||
| Adjusted operating income | $ | 191.5 | $ | 100.7 | $ | 446.7 | $ | 276.3 | ||||||||||||||||||
| Amortization of intangibles | 14.6 | 15.0 | 45.9 | 44.2 | ||||||||||||||||||||||
| Depreciation expense | 19.8 | 18.6 | 58.6 | 56.4 | ||||||||||||||||||||||
| Adjusted EBITDA | $ | 225.9 | $ | 134.3 | $ | 551.2 | $ | 376.9 | ||||||||||||||||||
| Net sales | $ | 766.7 | $ | 624.6 | $ | 2,162.5 | $ | 1,792.4 | ||||||||||||||||||
One-time amendment fee | 28.5 | — | 28.5 | — | ||||||||||||||||||||||
| Adjusted net sales | $ | 795.2 | $ | 624.6 | $ | 2,191.0 | $ | 1,792.4 | ||||||||||||||||||
| Net income as a percentage of net sales | 15.1 | % | 11.1 | % | 12.9 | % | 9.5 | % | ||||||||||||||||||
| Operating margin | 20.0 | % | 15.6 | % | 17.3 | % | 14.5 | % | ||||||||||||||||||
| Adjusted operating margin (1) | 24.1 | % | 16.1 | % | 20.4 | % | 15.4 | % | ||||||||||||||||||
| Adjusted EBITDA margin (1) | 28.4 | % | 21.5 | % | 25.2 | % | 21.0 | % | ||||||||||||||||||
(1) Adjusted operating margin and adjusted EBITDA margin are calculated based on the adjusted net sales amount that removes the one-time customer contract amendment fee of $28.5 million to improve comparability in these margins with prior period financial results.
| Electronics segment adjusted net sales reconciliation | Q3-26 | |||||||||||||||||||
| Electronics - Passive Products and Sensors | Electronics - Semiconductor | Total Electronics | ||||||||||||||||||
| Net sales | $ | 238.8 | $ | 187.4 | $ | 426.2 | ||||||||||||||
| Add: | ||||||||||||||||||||
| One-time amendment fee | — | 28.5 | 28.5 | |||||||||||||||||
| Adjusted net sales | $ | 238.8 | $ | 215.9 | $ | 454.7 | ||||||||||||||
| YTD-26 | ||||||||||||||||||||
| Electronics - Passive Products and Sensors | Electronics - Semiconductor | Total Electronics | ||||||||||||||||||
| Net sales | $ | 639.3 | $ | 556.1 | $ | 1,195.4 | ||||||||||||||
| Add: | ||||||||||||||||||||
| One-time amendment fee | — | 28.5 | 28.5 | |||||||||||||||||
| Adjusted net sales | $ | 639.3 | $ | 584.6 | $ | 1,223.9 | ||||||||||||||
| Electronics segment adjusted operating income reconciliation | Q3-26 | YTD-26 | ||||||||||||
| GAAP operating income | $ | 102.4 | $ | 259.5 | ||||||||||
| Add: | ||||||||||||||
| One-time amendment fee | 28.5 | 28.5 | ||||||||||||
| Adjusted operating income | $ | 130.9 | $ | 288.0 | ||||||||||
Page 11
| Adjusted EBITDA by Segment | Q3-26 | Q3-25 | ||||||||||||||||||||||||||||||||||||
| Electronics | Transportation | Industrial | Electronics | Transportation | Industrial | |||||||||||||||||||||||||||||||||
| GAAP operating income | $ | 102.4 | $ | 27.3 | $ | 33.3 | $ | 63.6 | $ | 20.2 | $ | 16.9 | ||||||||||||||||||||||||||
| Add: | ||||||||||||||||||||||||||||||||||||||
One-time amendment fee | 28.5 | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Add back amortization | 7.6 | 2.7 | 4.3 | 10.2 | 3.4 | 1.4 | ||||||||||||||||||||||||||||||||
| Add back depreciation | 12.0 | 5.6 | 2.2 | 12.0 | 5.1 | 1.5 | ||||||||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 150.5 | $ | 35.6 | $ | 39.8 | $ | 85.8 | $ | 28.7 | $ | 19.8 | ||||||||||||||||||||||||||
| Adjusted EBITDA Margin (1) | 33.1 | % | 19.6 | % | 25.2 | % | 24.0 | % | 16.8 | % | 20.7 | % | ||||||||||||||||||||||||||
| Adjusted Operating Margin (1) | 28.8 | % | ||||||||||||||||||||||||||||||||||||
| Adjusted EBITDA by Segment | YTD-26 | YTD-25 | ||||||||||||||||||||||||||||||||||||
| Electronics | Transportation | Industrial | Electronics | Transportation | Industrial | |||||||||||||||||||||||||||||||||
| GAAP operating income | $ | 259.5 | $ | 77.1 | $ | 81.6 | $ | 160.3 | $ | 67.2 | $ | 48.9 | ||||||||||||||||||||||||||
| Add: | ||||||||||||||||||||||||||||||||||||||
| One-time amendment fee | 28.5 | — | — | — | — | — | ||||||||||||||||||||||||||||||||
| Add back amortization | 24.3 | 8.9 | 12.7 | 30.1 | 10.2 | 3.9 | ||||||||||||||||||||||||||||||||
| Add back depreciation | 35.9 | 16.2 | 6.5 | 35.9 | 15.9 | 4.6 | ||||||||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 348.2 | $ | 102.2 | $ | 100.8 | $ | 226.3 | $ | 93.3 | $ | 57.3 | ||||||||||||||||||||||||||
| Adjusted EBITDA Margin (1) | 28.5 | % | 19.1 | % | 23.4 | % | 22.6 | % | 18.2 | % | 20.5 | % | ||||||||||||||||||||||||||
| Adjusted Operating Margin (1) | 23.5 | % | ||||||||||||||||||||||||||||||||||||
| Net sales reconciliation | Q3-26 vs. Q3-25 | |||||||||||||||||||||||||
| Electronics | Transportation | Industrial | Total | |||||||||||||||||||||||
| Net sales growth | 19 | % | 7 | % | 65 | % | 23 | % | ||||||||||||||||||
| Less: | ||||||||||||||||||||||||||
| One-time amendment fee | (8) | % | — | % | — | % | (5) | % | ||||||||||||||||||
| Acquisitions | — | % | — | % | 38 | % | 6 | % | ||||||||||||||||||
| FX impact | — | % | — | % | — | % | — | % | ||||||||||||||||||
| Organic net sales growth | 27 | % | 7 | % | 27 | % | 22 | % | ||||||||||||||||||
| Electronics segment net sales reconciliation | Q3-26 vs. Q3-25 | |||||||||||||||||||
| Electronics - Passive Products and Sensors | Electronics - Semiconductor | Total Electronics | ||||||||||||||||||
| Net sales growth | 30 | % | 8 | % | 19 | % | ||||||||||||||
| Less: | ||||||||||||||||||||
| One-time amendment fee | — | % | (16) | % | (8) | % | ||||||||||||||
| FX impact | — | % | — | % | — | % | ||||||||||||||
| Organic net sales growth | 30 | % | 24 | % | 27 | % | ||||||||||||||
Page 12
| Transportation segment net sales reconciliation | Q3-26 vs. Q3-25 | |||||||||||||||||||||||||
| Commercial Vehicle Products | Passenger Car Products (2) | Auto Sensor Products (2) | Total Transportation | |||||||||||||||||||||||
| Net sales growth (decline) | 20 | % | (3) | % | (14) | % | 7 | % | ||||||||||||||||||
| Less: | ||||||||||||||||||||||||||
| FX impact | — | % | — | % | (1) | % | — | % | ||||||||||||||||||
| Organic net sales growth (decline) | 20 | % | (3) | % | (13) | % | 7 | % | ||||||||||||||||||
| Net sales reconciliation | YTD-26 vs. YTD-25 | |||||||||||||||||||||||||
| Electronics | Transportation | Industrial | Total | |||||||||||||||||||||||
| Net sales growth | 19 | % | 4 | % | 54 | % | 21 | % | ||||||||||||||||||
| Less: | ||||||||||||||||||||||||||
| One-time amendment fee | (3) | % | — | % | — | % | (1) | % | ||||||||||||||||||
| Acquisitions | — | % | — | % | 37 | % | 6 | % | ||||||||||||||||||
| FX impact | 1 | % | 1 | % | — | % | 1 | % | ||||||||||||||||||
| Organic net sales growth | 21 | % | 3 | % | 17 | % | 15 | % | ||||||||||||||||||
| Electronics segment net sales reconciliation | YTD-26 vs. YTD-25 | |||||||||||||||||||
| Electronics - Passive Products and Sensors | Electronics - Semiconductor | Total Electronics | ||||||||||||||||||
| Net sales growth | 28 | % | 11 | % | 19 | % | ||||||||||||||
| Less: | ||||||||||||||||||||
| One-time amendment fee | — | % | (6) | % | (3) | % | ||||||||||||||
| FX impact | 2 | % | 1 | % | 1 | % | ||||||||||||||
| Organic net sales growth | 26 | % | 16 | % | 21 | % | ||||||||||||||
| Transportation segment net sales reconciliation | YTD-26 vs. YTD-25 | |||||||||||||||||||||||||
| Commercial Vehicle Products | Passenger Car Products (2) | Auto Sensor Products (2) | Total Transportation | |||||||||||||||||||||||
| Net sales growth (decline) | 9 | % | 2 | % | (8) | % | 4 | % | ||||||||||||||||||
| Less: | ||||||||||||||||||||||||||
| FX impact | 1 | % | 1 | % | 3 | % | 1 | % | ||||||||||||||||||
| Organic net sales growth (decline) | 8 | % | 1 | % | (11) | % | 3 | % | ||||||||||||||||||
(2) Passenger vehicle business (PVB) includes passenger car and auto sensor products.
Page 13
| Income tax reconciliation | ||||||||||||||||||||||||||
| Q3-26 | Q3-25 | YTD-26 | YTD-25 | |||||||||||||||||||||||
| Income taxes | $ | 34.8 | $ | 25.2 | $ | 84.1 | $ | 62.4 | ||||||||||||||||||
| Effective rate | 23.2 | % | 26.6 | % | 23.1 | % | 26.8 | % | ||||||||||||||||||
| Non-GAAP adjustments - income taxes | 6.6 | (1.0) | 14.2 | 2.2 | ||||||||||||||||||||||
| Adjusted income taxes | $ | 41.4 | $ | 24.2 | $ | 98.3 | $ | 64.6 | ||||||||||||||||||
| Adjusted effective rate | 21.8 | % | 24.6 | % | 22.4 | % | 24.5 | % | ||||||||||||||||||
| Free cash flow reconciliation | ||||||||||||||||||||||||||
| Q3-26 | Q3-25 | YTD-26 | YTD-25 | |||||||||||||||||||||||
| Net cash provided by operating activities | $ | 230.1 | $ | 146.9 | $ | 456.6 | $ | 295.1 | ||||||||||||||||||
| Less: Purchases of property, plant, and equipment | (14.5) | (15.7) | (47.5) | (48.7) | ||||||||||||||||||||||
| Free cash flow | $ | 215.7 | $ | 131.2 | $ | 409.2 | $ | 246.4 | ||||||||||||||||||
| Consolidated Total Debt | As of September 26, 2026 | |||||||
| Consolidated total debt | $ | 629.9 | ||||||
| Unamortized debt issuance costs | 3.1 | |||||||
| Finance lease liability | 0.1 | |||||||
| Consolidated funded indebtedness | 633.1 | |||||||
| Cash held in U.S. (up to $400 million) | 195.8 | |||||||
| Net debt | $ | 437.3 | ||||||
| Consolidated EBITDA | Twelve Months Ended September 26, 2026 | |||||||
| Net Income | $ | 37.7 | ||||||
| Interest expense | 26.7 | |||||||
| Income taxes | 96.9 | |||||||
| Depreciation expense | 77.1 | |||||||
| Amortization expense | 61.4 | |||||||
| Non-cash additions: | ||||||||
| Stock-based compensation expense | 29.0 | |||||||
| Purchase accounting inventory step-up charge | 6.4 | |||||||
| Unrealized loss on investments | 1.7 | |||||||
| Impairment charges | 316.6 | |||||||
| Other | 18.0 | |||||||
| Consolidated EBITDA (1) | $ | 671.5 | ||||||
| Consolidated Net Leverage Ratio (as defined in the Credit Agreement) * | 0.7x | |||||||
* Our Credit Agreement and Private Placement Senior Notes with maturities ranging from 2027 to 2032, contain financial ratio covenants providing that if, as of the last day of each fiscal quarter, the Consolidated Net Leverage Ratio at such time for the then most recently concluded period of four consecutive fiscal quarters of the Company exceeds 3.50:1.00, an Event of Default (as defined in the Credit Agreement and Private Placement Senior Notes) is triggered.
The Credit Agreement was amended in Q1 2026 and now allows to add restructuring charges and business optimization expenses in addition to the prior credit agreement.
(1) Represents Consolidated EBITDA as defined in our Credit Agreement and Private Placement Senior Notes and is calculated using the most recently concluded period of four consecutive quarters.
Note: Total will not always foot due to rounding.
Page 14
(a) Reflected as a reduction in net sales of $28.5 million for a one-time customer contract amendment fee in the Electronics-Semiconductor business. The Amendment is intended to further support the Company’s semiconductor strategy by enhancing strategic flexibility, accelerating and simplifying certain legacy contractual arrangements and increasing the Company’s ability to optimize the Dortmund Semiconductor GmbH asset over time.
(b) Reflected in selling, general and administrative expenses.
(c) Reflected in cost of sales.
(d) Reflected in restructuring, impairment and other charges.
(e) 2025 amount reflected $0.3 million loss related to the sale of the Marine business within the Transportation segment.
(f) 2026 included the reversal of an indemnification receivable of $2.7 million related to lapses in the statute of limitations for previously unrecognized tax benefits recognized in the first quarter of 2026.
(g) Reflected the tax impact associated with the non-GAAP adjustments including a one-time tax benefit of $3.3 million associated with the dissolution of one of the Company's affiliates in the third quarter of 2026 and $2.7 million of tax benefits due to lapses in the statute of limitations for previously unrecognized tax benefits recognized in the first quarter of 2026.
###
Q3 2026 Earnings Release October 28, 2026
2Littelfuse, Inc. © 2026 DISCLAIMERS Important Information About Littelfuse, Inc. This presentation does not constitute or form part of, and should not be construed as, an offer or solicitation to purchase or sell securities of Littelfuse, Inc. (“Littelfuse” or the “Company”) and no investment decision should be made based upon the information provided herein. Littelfuse strongly urges you to review its filings with the Securities and Exchange Commission (the “SEC”), which can be found at investor.littelfuse.com. This website also provides additional information about Littelfuse. The statements in this presentation that are not historical facts are intended to constitute “forward-looking statements” entitled to the safe-harbor provisions of the Private Securities Litigation Reform Act. Such statements are based on Littelfuse’s current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, risks and uncertainties relating to general economic conditions; product demand and market acceptance; the impact of competitive products and pricing; product quality problems or product recalls; capacity and supply difficulties or constraints; coal mining exposures reserves; cybersecurity matters; failure of an indemnification for environmental liability; changes in import and export duty and tariff rates; exchange rate fluctuations; commodity price fluctuations; the effect of the Company's accounting policies; labor disputes and shortages; restructuring costs in excess of expectations; pension plan asset returns less than assumed; uncertainties related to political or regulatory changes; integration of acquisitions may not be achieved in a timely manner, or at all; limited realization of the expected benefits from investment and strategic plans; the risk that expected benefits, synergies and growth prospects of our acquisitions may not be achieved in a timely manner, or at all; and other risks which may be detailed in the Company’s SEC filings. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated or implied in the forward- looking statements. This presentation should be read in conjunction with information provided in the financial statements appearing in the Company's Annual Report on Form 10-K for the fiscal year ended December 27, 2025. Further discussion of the risk factors of the Company can be found under the caption “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 27, 2025, and in other filings and submissions with the SEC, each of which is available free of charge on the Company’s investor relations website at investor.littelfuse.com and on the SEC’s website at www.sec.gov. These forward-looking statements are made as of the date hereof. The Company does not undertake any obligation to update, amend or clarify these forward- looking statements to reflect events or circumstances after the date hereof or to reflect the availability of new information. Non-GAAP Financial Measures. The information included in this presentation includes the non-GAAP financial measures of organic net sales (decline) growth, adjusted net sales, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted EBITDA margin, adjusted diluted earnings per share, adjusted income taxes, adjusted effective tax rate, free cash flow conversion, net debt, consolidated EBITDA, and consolidated net leverage ratio (as defined in the credit agreement). A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is set forth in the appendix. The Company believes that these non-GAAP financial measures provide useful information to investors regarding its operational performance, ability to generate cash and its credit position and enhance an investor’s overall understanding of its core financial performance. The Company believes that free cash flow is a useful measure of its ability to generate cash. The Company believes that these non-GAAP financial measures are commonly used by financial analysts and provide useful information to analysts. Management uses these measures when assessing the performance of the business and for business planning purposes. Note that the definitions of these non-GAAP financial measures may differ from those terms as defined or used by other companies.
3Littelfuse, Inc. © 2026 Our Long-Term Strategic Priorities Sharpened Focus on Growth Opportunities Partnering with Market Leaders Enhancing Operational Excellence
4Littelfuse, Inc. © 2026 Unrivaled Ability to Provide Protection Across Electrical Ecosystem at a Global Scale
5Littelfuse, Inc. © 2025 Q3 2026 FINANCIAL SUMMARY 6
6Littelfuse, Inc. © 2026 Q3 2026 TOTAL COMPANY FINANCIAL PERFORMANCE Revenue of $767m, +23% reported and +22% organic vs. PY Includes a -5% impact related to a one-time Dortmund contract amendment fee of $28.5m +6% from Basler acquisition; FX neutral Adj. EBITDA Margin of 28.4%, +690 bps vs. PY GAAP diluted EPS of $4.49, +62% vs. PY Adj. EPS of $5.79, +96% vs. PY Q3 Op cash flow $230m; FCF of $216m, +64% vs. PY YTD FCF conversion of 146% GAAP EPS $4.49 $2.77 Adj. EPS $5.79 $2.95 Adj. EBITDA% 28.4%^ 21.5% $767 * $625 Q3-26 Q3-25 Revenue See appendix for GAAP to non-GAAP reconciliation *Note includes the previously disclosed $28.5 million (€24.6 million) one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales ^Note adjusted EBITDA margin is calculated based on the adjusted net sales amount that removes the previously disclosed $28.5 million (€24.6 million) one-time Dortmund contract amendment fee to improve comparability in these margins with prior period financial results.
7Littelfuse, Inc. © 2026 Q3 2026 SALES & ADJ. EPS BRIDGE (in millions) See appendix for GAAP to non-GAAP reconciliation Adjusted EBITDA Conversion is calculated as the year-over-year change in Adjusted EBITDA divided by the year-over-year change in adjusted net sales. See the appendix for GAAP to non-GAAP reconciliations of Adjusted EBITDA and adjusted net sales Other includes the unfavorable impact of 3Q26 stock & variable compensation true-up, lower adjusted effective tax rate, higher share count, & impact of other non-operating expenses *Note includes the previously disclosed $28.5 million (€24.6 million) one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales ^Adjusted operating margin and adjusted EBITDA margin are calculated based on the adjusted net sales amount that removes the one-time Dortmund contract amendment fee of $28.5 million to improve comparability in these margins with prior period financial results
8Littelfuse, Inc. © 2026 Q3 2026 ELECTRONICS SEGMENT FINANCIAL PERFORMANCE Revenue of $426m, +27% organic vs. PY Passive products +30% organic Semiconductors +24% organic Reported sales include a $28.5m one-time Dortmund contract amendment fee Fee recorded as a reduction of semiconductor net sales Strong growth in passive products, protection and power semiconductor volumes Q3 Adj. EBITDA margin 33.1%, +910 bps vs. PY Volume leverage, operational execution, and favorable price and product mix Op Margin 24.0% 17.8% Adj. EBITDA% 33.1%^ 24.0% $426 * $357 Q3-26 Q3-25 Revenue (in millions) See appendix for GAAP to non-GAAP reconciliation *Note includes the previously disclosed $28.5 million (€24.6 million) one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales ^Note adjusted EBITDA margin is calculated based on the adjusted net sales amount that removes the previously disclosed $28.5 million (€24.6 million) one-time Dortmund contract amendment fee to improve comparability in these margins with prior period financial results
9Littelfuse, Inc. © 2026 Q3 2026 TRANSPORTATION SEGMENT FINANCIAL PERFORMANCE Revenue of $183m, +7% reported and +7% organic vs. PY Commercial vehicle +20% organic Improved truck, data center, material handling, construction, and agricultural equipment demand Passenger vehicle (5)% organic Content gains more than offset by lower yr/yr global passenger vehicle production & sensor declines Q3 Adj. EBITDA margin 19.6%, +280 bps vs PY Improved commercial vehicle volume leverage and operational execution Op Margin 15.0% 11.8% Adj. EBITDA% 19.6% 16.8% $183 $171 Q3-26 Q3-25 Revenue (in millions) See appendix for GAAP to non-GAAP reconciliation
10Littelfuse, Inc. © 2026 Q3 2026 INDUSTRIAL SEGMENT FINANCIAL PERFORMANCE Revenue of $158m, +65% reported and +27% organic vs. PY Continued strong data center, BESS, industrial automation, and construction demand Basler acquisition, +38% contribution Driven by strong grid & utility and data center infrastructure demand Q3 Adj. EBITDA margin 25.2%, +450 bps vs PY Favorable volume leverage, operational efficiencies, price, and product mix Op Margin 21.1% 17.6% Adj. EBITDA% 25.2% 20.7% $158 $96 Q3-26 Q3-25 Revenue (in millions) See appendix for GAAP to non-GAAP reconciliation
11Littelfuse, Inc. © 2026 Q4 2026 GUIDANCE Entered Q4 with momentum following record Q3 bookings Focused on execution of strategic priorities Q4 sales guidance: $750m - $770m +28% yr/yr; +21% organic +6% yr/yr growth from the Basler acquisition +1% yr/yr FX impact Adj. EPS $5.05 - $5.25 +91% yr/yr at the midpoint Expected adj. effective tax rate of ~24% (in millions) $750 - $770 $767* $594 Q4-26 Guidance Q3-26 Q4-25 Revenue Adj. EPS $5.05- $5.25 $5.79 $2.69 GAAP EPS $4.49 ($9.72) See appendix for GAAP to non-GAAP reconciliation *Note includes the previously disclosed $28.5 million (€24.6 million) one-time Dortmund contract amendment fee recorded as a reduction of semiconductor net sales
12Littelfuse, Inc. © 2026 Q4 2026 SALES & ADJ. EPS GUIDANCE BRIDGE Note Q4 2026 represents guidance midpoints (in millions) See appendix for GAAP to non-GAAP reconciliation Note Other includes the impact of higher stock & variable compensation, higher adjusted effective tax rate, higher share count, & impact of other non-operating expenses
13Littelfuse, Inc. © 2026 FULL YEAR 2026 CONSIDERATIONS / EXPECTATIONS 18% 2025 REVENUE BY END MARKET 2026 Key End Market Expectations
14Littelfuse, Inc. © 2026 APPENDIX
15Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION Note: Total will not always foot due to rounding. (a) Reflected as a reduction in net sales of $28.5 million for a one-time customer contract amendment fee in the Electronics-Semiconductor business. The Amendment is intended to further support the Company’s semiconductor strategy by enhancing strategic flexibility, accelerating and simplifying certain legacy contractual arrangements and increasing the Company’s ability to optimize the Dortmund Semiconductor GmbH asset over time. (b) Reflected in selling, general and administrative expenses. (c) Reflected in cost of sales. (d) Reflected in restructuring, impairment and other charges. (e) 2025 amount reflected $0.3 million loss related to the sale of the Marine business within the Transportation segment. (f) 2026 included the reversal of an indemnification receivable of $2.7 million related to lapses in the statute of limitations for previously unrecognized tax benefits recognized in the first quarter of 2026. (g) Reflected the tax impact associated with the non-GAAP adjustments including a one-time tax benefit of $3.3 million associated with the dissolution of one of the Company's affiliates in the third quarter of 2026 and $2.7 million of tax benefits due to lapses in the statute of limitations for previously unrecognized tax benefits recognized in the first quarter of 2026. Non-GAAP EPS reconciliation Q3-26 Q3-25 YTD-26 YTD-25 GAAP diluted EPS $ 4.49 $ 2.77 $ 10.94 $ 6.82 EPS impact of Non-GAAP adjustments (below) 1.30 0.18 2.35 1.17 Adjusted diluted EPS $ 5.79 $ 2.95 $ 13.29 $ 7.99 Non-GAAP adjustments - expense / (income) Q3-26 Q3-25 YTD-26 YTD-25 One-time customer contract amendment fee (a) ("One-time amendment fee") $ 28.5 $ — $ 28.5 $ — Acquisition-related and integration costs (b) 3.5 1.4 5.0 3.0 Purchase accounting inventory adjustments (c) — — 5.4 (0.5) Restructuring, impairment and other charges (d) 6.2 1.6 33.6 13.2 Loss on sale of the Marine business (e) — 0.3 — 0.3 Non-GAAP adjustments to operating income 38.2 3.3 72.5 16.0 Other income, net (f) — — 2.7 — Non-operating foreign exchange loss (gain) 1.7 0.2 (0.9) 15.5 Non-GAAP adjustments to income before income taxes 39.9 3.5 74.3 31.5 Income taxes (g) 6.6 (1.0) 14.2 2.2 Non-GAAP adjustments to net income $ 33.3 $ 4.5 $ 60.1 $ 29.3 Total EPS impact $ 1.30 $ 0.18 $ 2.35 $ 1.17
16Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Adjusted operating margin / Adjusted EBITDA reconciliation (in millions) Q3-26 Q3-25 YTD-26 YTD-25 Net income $ 115.4 $ 69.5 $ 279.9 $ 170.4 Add: Income taxes 34.8 25.2 84.1 62.4 Interest expense 5.7 8.6 18.4 26.0 Foreign exchange loss (gain) 1.7 0.2 (0.9) 15.5 Other income, net (4.2) (6.1) (7.3) (14.0) GAAP operating income $ 153.4 $ 97.4 $ 374.2 $ 260.3 Non-GAAP adjustments to operating income 38.2 3.3 72.5 16.0 Adjusted operating income $ 191.5 $ 100.7 $ 446.7 $ 276.3 Amortization of intangibles 14.6 15.0 45.9 44.2 Depreciation expense 19.8 18.6 58.6 56.4 Adjusted EBITDA $ 225.9 $ 134.3 $ 551.2 $ 376.9 Net sales $ 766.7 $ 624.6 $ 2,162.5 $ 1,792.4 One-time amendment fee 28.5 — 28.5 — Adjusted net sales $ 795.2 $ 624.6 $ 2,191.0 $ 1,792.4 Net income as a percentage of net sales 15.1 % 11.1 % 12.9 % 9.5 % Operating margin 20.0 % 15.6 % 17.3 % 14.5 % Adjusted operating margin (1) 24.1 % 16.1 % 20.4 % 15.4 % Adjusted EBITDA margin (1) 28.4 % 21.5 % 25.2 % 21.0 % Note: Total will not always foot due to rounding. (1) Adjusted operating margin and adjusted EBITDA margin are calculated based on the adjusted net sales amount that removes the one-time customer contract amendment fee of $28.5 million to improve comparability in these margins with prior period financial results.
17Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Electronics segment adjusted net sales reconciliation Q3-26 Electronics - Passive Products and Sensors Electronics - Semiconductor Total Electronics Net sales $ 238.8 $ 187.4 $ 426.2 Add: One-time amendment fee — 28.5 28.5 Adjusted net sales $ 238.8 $ 215.9 $ 454.7 YTD-26 Electronics - Passive Products and Sensors Electronics - Semiconductor Total Electronics Net sales $ 639.3 $ 556.1 $ 1,195.4 Add: One-time amendment fee — 28.5 28.5 Adjusted net sales $ 639.3 $ 584.6 $ 1,223.9 Electronics segment adjusted operating income reconciliation Q3-26 YTD-26 GAAP operating income $ 102.4 $ 259.5 Add: One-time amendment fee 28.5 28.5 Adjusted operating income $ 130.9 $ 288.0
18Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Adjusted EBITDA by Segment (in millions) Q3-26 Q3-25 Electronics Transportation Industrial Electronics Transportation Industrial GAAP operating income $ 102.4 $ 27.3 $ 33.3 $ 63.6 $ 20.2 $ 16.9 Add: One-time amendment fee 28.5 — — — — — Add back amortization 7.6 2.7 4.3 10.2 3.4 1.4 Add back depreciation 12.0 5.6 2.2 12.0 5.1 1.5 Adjusted EBITDA $ 150.5 $ 35.6 $ 39.8 $ 85.8 $ 28.7 $ 19.8 Adjusted EBITDA Margin (1) 33.1 % 19.6 % 25.2 % 24.0 % 16.8 % 20.7 % Adjusted Operating Margin (1) 28.8 % Net sales (in thousands) Q3-26 Q3-25 Electronics Transportation Industrial Electronics Transportation Industrial Electronics – Passive Products and Sensors $ 238,796 $ — $ — $ 183,384 $ — $ — Electronics – Semiconductor 187,443 — — 174,073 — — Commercial Vehicle Products — 96,040 — — 80,272 — Passenger Car Products — 73,319 — — 75,636 — Automotive Sensors — 13,284 — — 15,403 — Industrial Products — — 157,847 — — 95,872 Total $ 426,239 $ 182,643 $ 157,847 $ 357,457 $ 171,311 $ 95,872 Note: Total will not always foot due to rounding. (1) Adjusted operating margin and adjusted EBITDA margin are calculated based on the adjusted net sales amount that removes the one-time customer contract amendment fee of $28.5 million to improve comparability in these margins with prior period financial results.
19Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Adjusted EBITDA by Segment (in millions) YTD-26 YTD-25 Electronics Transportation Industrial Electronics Transportation Industrial GAAP operating income $ 259.5 $ 77.1 $ 81.6 $ 160.3 $ 67.2 $ 48.9 Add: One-time amendment fee 28.5 — — — — — Add back amortization 24.2 8.9 12.7 30.1 10.2 3.9 Add back depreciation 36.0 16.2 6.5 35.9 15.9 4.6 Adjusted EBITDA $ 348.2 $ 102.2 $ 100.8 $ 226.3 $ 93.3 $ 57.3 Adjusted EBITDA Margin (1) 28.5 % 19.1 % 23.4 % 22.6 % 18.2 % 20.5 % Adjusted Operating Margin (1) 23.5 % Net sales (in thousands) YTD-26 YTD-25 Electronics Transportation Industrial Electronics Transportation Industrial Electronics – Passive Products and Sensors $ 639,298 $ — $ — $ 501,043 $ — $ — Electronics – Semiconductor 556,136 — — 499,329 — — Commercial Vehicle Products — 265,538 — — 244,301 — Passenger Car Products — 226,059 — — 220,822 — Automotive Sensors — 43,838 — — 47,450 — Industrial Products — — 431,610 — — 279,415 Total $ 1,195,434 $ 535,435 $ 431,610 $ 1,000,372 $ 512,573 $ 279,415 Note: Total will not always foot due to rounding. (1) Adjusted operating margin and adjusted EBITDA margin are calculated based on the adjusted net sales amount that removes the one-time customer contract amendment fee of $28.5 million to improve comparability in these margins with prior period financial results.
20Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D (2) Passenger vehicle business (PVB) includes passenger car and auto sensor products. Net sales reconciliation Q3-26 vs. Q3-25 Electronics Transportation Industrial Total Net sales growth 19 % 7 % 65 % 23 % Less: One-time amendment fee (8)% — % — % (5)% Acquisitions — % — % 38 % 6 % FX impact — % — % — % — % Organic net sales growth 27 % 7 % 27 % 22 % Electronics segment net sales reconciliation Q3-26 vs. Q3-25 Electronics - Passive Products and Sensors Electronics - Semiconductor Total Electronics Net sales growth 30 % 8 % 19 % Less: One-time amendment fee — % (16)% (8)% FX impact — % — % — % Organic net sales growth 30 % 24 % 27 % Transportation segment net sales reconciliation Q3-26 vs. Q3-25 Commercial Vehicle Products Passenger Car Products (2) Auto Sensor Products (2) Total Transportation Net sales growth (decline) 20 % (3)% (14)% 7 % Less: FX impact — % — % (1)% — % Organic net sales growth (decline) 20 % (3)% (13)% 7 %
21Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D (2) Passenger vehicle business (PVB) includes passenger car and auto sensor products. Net sales reconciliation YTD-26 vs. YTD-25 Electronics Transportation Industrial Total Net sales growth 19 % 4 % 54 % 21 % Less: One-time amendment fee (3)% — % — % (1)% Acquisitions — % — % 37 % 6 % FX impact 1 % 1 % — % 1 % Organic net sales growth 21 % 3 % 17 % 15 % Electronics segment net sales reconciliation YTD-26 vs. YTD-25 Electronics - Passive Products and Sensors Electronics - Semiconductor Total Electronics Net sales growth 28 % 11 % 19 % Less: One-time amendment fee — % (6)% (3)% FX impact 2 % 1 % 1 % Organic net sales growth 26 % 16 % 21 % Transportation segment net sales reconciliation YTD-26 vs. YTD-25 Commercial Vehicle Products Passenger Car Products (2) Auto Sensor Products (2) Total Transportation Net sales growth (decline) 9 % 2 % (8)% 4 % Less: FX impact 1 % 1 % 3 % 1 % Organic net sales growth (decline) 8 % 1 % (11)% 3 %
22Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Income tax reconciliation (in millions) Q3-26 Q3-25 YTD-26 YTD-25 Income taxes $ 34.8 $ 25.2 $ 84.1 $ 62.4 Effective rate 23.2 % 26.6 % 23.1 % 26.8 % Non-GAAP adjustments - income taxes 6.6 (1.0) 14.2 2.2 Adjusted income taxes $ 41.4 $ 24.2 $ 98.3 $ 64.6 Adjusted effective rate 21.8 % 24.6 % 22.4 % 24.5 % Free cash flow reconciliation Q3-26 Q3-25 YTD-26 YTD-25 Net cash provided by operating activities $ 230.1 $ 146.9 $ 456.6 $ 295.1 Less: Purchases of property, plant, and equipment (14.5) (15.7) (47.5) (48.7) Free cash flow $ 215.7 $ 131.2 $ 409.2 $ 246.4 Free cash flow conversion Q3-26 Q3-25 YTD-26 YTD-25 Net income $ 115.4 $ 69.5 $ 279.9 $ 170.4 Free cash flow 215.7 131.2 409.2 246.4 Free cash flow conversion 187 % 189 % 146 % 145 %
23Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D * Our Credit Agreement and Private Placement Senior Notes with maturities ranging from 2027 to 2032, contain financial ratio covenants providing that if, as of the last day of each fiscal quarter, the Consolidated Net Leverage Ratio at such time for the then most recently concluded period of four consecutive fiscal quarters of the Company exceeds 3.50:1.00, an Event of Default (as defined in the Credit Agreement and Private Placement Senior Notes) is triggered. The Credit Agreement was amended in Q1 2026 and now allows to add restructuring charges and business optimization expenses in addition to the prior credit agreement. (1) Represents Consolidated EBITDA as defined in our Credit Agreement and Private Placement Senior Notes and is calculated using the most recently concluded period of four consecutive quarters. Consolidated Total Debt (in millions) As of September 26, 2026 Consolidated total debt $ 629.9 Unamortized debt issuance costs 3.1 Finance lease liability 0.1 Consolidated funded indebtedness 633.1 Cash held in U.S. (up to $400 million) 195.8 Net debt $ 437.3 Consolidated EBITDA (in millions) Twelve Months Ended September 26, 2026 Net Income $ 37.7 Interest expense 26.7 Income taxes 96.9 Depreciation expense 77.1 Amortization expense 61.4 Non-cash additions: Stock-based compensation expense 29.0 Purchase accounting inventory step-up charge 6.4 Unrealized loss on investments 1.7 Impairment charges 316.6 Other 18.0 Consolidated EBITDA (1) $ 671.5 Consolidated Net Leverage Ratio (as defined in the Credit Agreement) * 0.7x
24Littelfuse, Inc. © 2026 SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Note: Total will not always foot due to rounding. (a) Reflected in selling, general and administrative expenses ("SG&A"). (b) Reflected in cost of sales. (c) Reflected in restructuring, impairment and other charges. In the fourth quarter of 2025, the Company recorded a $301.2 million non-cash goodwill impairment charge related to the Electronics-Semiconductor reporting unit within the Electronics segment. The Company recognized impairment charges of $0.5 million and $0.4 million related to certain machinery and equipment in the commercial vehicle business within the Transportation segment and the electronics products business within the Electronics segment, respectively. (d) 2025 included $0.6 million increase in coal mining reserves. (e) Reflected the tax impact associated with the non-GAAP adjustments. Non-GAAP EPS reconciliation Q4-25 GAAP (loss per share) / diluted EPS $ (9.72) EPS impact of Non-GAAP adjustments (below) 12.41 Adjusted diluted EPS $ 2.69 Non-GAAP adjustments - (income) / expense Q4-25 Acquisition-related and integration costs (a) $ 2.4 Purchase accounting inventory adjustments (b) 1.1 Restructuring, impairment and other charges (c) 306.9 Non-GAAP adjustments to operating income 310.4 Other income, net (d) 0.6 Non-operating foreign exchange loss 1.1 Non-GAAP adjustments to income before income taxes 312.2 Income taxes (e) 2.4 Non-GAAP adjustments to net income $ 309.8 Total EPS impact $ 12.41