BDC at a glance
BELDEN INC. (BDC, SEC CIK 913142) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 11, 2026 and Form 4 insider filings as recently as September 16, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), BELDEN INC. (BDC) reported revenue of $2.7 billion (up 10.3% from FY2024) and net income of $237.5 million. Diluted EPS was $5.91.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding BELDEN INC. (BDC) shares worth $2.8 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Lieser Brian on September 15, 2026 of 1,900 shares at $114.39 per share.
- In the last 90 days, BDC insiders reported 0 open-market purchases ($0) and 1 open-market sale ($217K) on Form 4, a net sale of $217K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.7B
- +10.3% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$217K
- 13F holders
- 34 funds
- $2.8B · +2 vs prior quarter
- Latest 8-K
- Sep 11, 2026
- Current report
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory/legal risk: Compliance with U.S. tariffs on imports issued in 2025 increasing costs and reducing margins
- Geopolitical/macroeconomic risk: 42% of sales outside U.S. exposed to currency fluctuations, especially euro, yuan, peso, rupee
- Operational/supply chain vulnerability: Dependence on copper and components prone to industry-wide shortages and supplier financial failures
- Competitive/market disruption risk: Need to successfully integrate AI to stay competitive amid fast-evolving product technology landscape
- Financial/structural risk: Largest distributor accounted for ~14% of 2025 revenues; loss could cause temporary revenue and profit decline
Management Discussion & Analysis
- Revenue $2.72B, up 10.3% YoY from $2.46B in 2024; organic volume increase $154.1M, acquisitions $54.5M, copper pricing $36.7M
- Operating income $315.7M, up 18.5% YoY from $266.5M; operating margin 11.6% vs 10.8% (calculated from operating income/revenue)
- Best performing segment: Automation Solutions revenue $1.50B (+13.6%), EBITDA $313.4M (+16.2%), margin 21.0%; worst: Smart Infrastructure revenue $1.22B (+6.6%), EBITDA $147.9M (+5.6%), margin 12.1%
- Net cash from operating activities $354.9M; capital expenditures $136.2M; share repurchases $195.6M; dividends paid $8.0M; revolver borrowings repaid $50.0M
- Management targets mid-single-digit revenue growth, Adjusted EBITDA margin 25%-30%, free cash flow margin near 10%, net leverage ~1.5x, and 10%-12% adjusted EPS growth; key risks include currency fluctuations, commodity prices, inflation, and market competition
Business Overview
- Core business model: Global supplier of complete connection solutions via two segments; Smart Infrastructure Solutions and Automation Solutions
- New emphasis on cybersecurity with 2024 acquisition of Voleatech GmbH adding VT AIR Next Gen Firewall to Automation Solutions
- 2026 strategic shift to unified functional operating model, realigning organizational structure and executive roles
- Workforce approximately 8,000 employees globally, with 26% in the US and 42% of sales from international markets in 2025
- Backlog increased to $567.7 million at 2025 year-end vs $509.7 million in 2024, indicating growing demand
AI summary of the BDC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 28, 2026
Management Discussion & Analysis
- Quarterly revenue $750.2M, up 11.6% YoY from $672.0M
- Adjusted EBITDA margin 19.5% vs 17.0% YoY; GAAP net income margin 9.1% vs 9.1%
- Best performance: higher volume and pricing contributed $51.9M revenue; worst segment unavailable after unified operating model
- Operating cash flow $110.6M vs $89.5M; cash balance $348.7M, including $85.1M capital expenditures
- RUCKUS acquisition for approximately $1.9B; tariffs, trade volatility, inflation, commodities and currency remain headwinds
Risk Factors
- No material changes to previously disclosed risk factors since February 17, 2026 Form 10-K
- Debt structure reflected in supplemental indentures for Senior Subordinated Notes due 2028
- Debt structure reflected in supplemental indentures for Senior Subordinated Notes due 2031
- Debt structure reflected in supplemental indenture for Senior Subordinated Notes due 2033
AI summary of the BDC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- $1.9B RUCKUS acquisition adds enterprise and service-provider wireless networking capabilities to Belden’s portfolio
- Financing includes $1,845.4M term loan, with SOFR plus 2.25% or base rate plus 1.25% interest, maturing July 1, 2033
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results announced on July 30, 2026
- Exhibit 99.1 contains detailed results and management commentary
Item 1.01: Entry into a Material Definitive Agreement
- Term-loan lenders and affiliates maintain broader commercial relationships with Belden, creating potential conflicts of interest
- RUCKUS Acquisition entities added as guarantors under Belden’s existing revolving credit facility
Item 2.01: Completion of Acquisition or Disposition of Assets
- Term Loan Credit Agreement dated July 1, 2026, with JPMorgan Chase as administrative agent
- Belden’s U.S. subsidiaries providing guarantees, indicating secured lender protections
AI summaries of BDC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for BDC
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Lieser Brian | Sell | Sep 15, 2026 | 1,900 | $114.39 |
| Anderson Brian Edward | G | Aug 12, 2026 | 1,310 | - |
| Anderson Brian Edward | G | Aug 7, 2026 | 385 | - |
| BALK LANCE C | G | Aug 3, 2026 | 10,000 | - |
| Zink Doug | J | Jul 6, 2026 | 213 | $99.65 |
| Chand Ashish | J | Jul 6, 2026 | 213 | $99.65 |
| Anderson Brian Edward | J | Jul 6, 2026 | 213 | $99.65 |
| Bhadra Hiran | J | Jul 6, 2026 | 213 | $99.65 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.5B | $2.7B |
| Gross Profit | - | $922.2M | $1.0B |
| Operating Income | - | $266.5M | $315.7M |
| Net Income | - | $198.4M | $237.5M |
| Gross Margin | - | 37.5% | 38.0% |
| Op. Margin | - | 10.8% | 11.6% |
| Net Margin | - | 8.1% | 8.7% |
| Balance Sheet | |||
| Total Assets | $3.2B | $3.3B | $3.5B |
| Equity | $1.2B | $1.3B | $1.3B |
| ROE | - | 15.3% | 18.8% |
| Per Share | |||
| EPS | - | $4.80 | $5.91 |
| Cash Flow | |||
| Operating CF | - | $352.1M | $354.9M |
| CapEx | - | $129.1M | $136.2M |
Source: XBRL data in BELDEN INC. (BDC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate BDC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $2.83B |
| Q1 2026 | 32 | $2.62B |
| Q4 2025 | 31 | $2.79B |
| Q3 2025 | 30 | $3.03B |
| Q2 2025 | 32 | $2.65B |
| Q1 2025 | 27 | $1.67B |
| Q4 2024 | 23 | $1.74B |
| Q3 2024 | 21 | $691.4M |
- BlackRock+223.8K (+5%)
- FMR LLC (Fidelity)+122.0K (+3%)
- Morgan Stanley+118.1K (+40%)
- Millennium Management+117.3K (+227%)
- Invesco Ltd+106.2K (+14%)
- BNY Mellon−194.8K (-39%)
- Goldman Sachs Group−50.7K (-19%)
- T. Rowe Price Group−46.0K (-1%)
- Citigroup−37.8K (-59%)
- JPMorgan Chase & Co−27.0K (-16%)
- IES Holdings, Inc.+174.8K
- Bridgewater Associates LP+9.0K
- Blackstone Group+2.8K
- Truist Financial−3.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 230 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
BDC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 16, 2026 | - | - | - |
| 8-K | Sep 11, 2026 | - | Analysis | - |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 10-Q | Jul 30, 2026 | Jun 28, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 8-K | May 26, 2026 | - | Analysis | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - |
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BDC SEC filings: frequently asked questions
Are BDC insiders buying or selling?
In the last 90 days, BELDEN INC. (BDC) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $217,341 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold BDC stock?
As of June 30, 2026, the largest BELDEN INC. (BDC) holders among the 13F filers tracked by SignalX were BlackRock ($616.5 million), FMR LLC (Fidelity) ($485.2 million), T. Rowe Price Group ($416.2 million), Vanguard Portfolio Management LLC ($330.8 million), Vanguard Capital Management LLC ($210.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was BDC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), BELDEN INC. (BDC) reported revenue of $2.7 billion (up 10.3% from FY2024) and net income of $237.5 million. Diluted EPS was $5.91. The figures come from the XBRL data in the 10-K.
What are the main risks in BDC's latest 10-K?
In the 10-K filed February 17, 2026, BELDEN INC. (BDC) flagged: Regulatory/legal risk: Compliance with U.S. tariffs on imports issued in 2025 increasing costs and reducing margins. Geopolitical/macroeconomic risk: 42% of sales outside U.S. exposed to currency fluctuations, especially euro, yuan, peso, rupee. (AI summary of the Risk Factors section.)
What did BDC report in its latest 8-K?
BELDEN INC. (BDC) filed an 8-K on September 11, 2026. $1.9B RUCKUS acquisition adds enterprise and service-provider wireless networking capabilities to Belden’s portfolio.
What are the latest BDC SEC filings?
BELDEN INC. (BDC) filed its latest 10-K annual report on February 17, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 11, 2026 and a Form 4 insider filing on September 16, 2026.
What is BDC's SEC CIK number?
BELDEN INC. (BDC)'s SEC Central Index Key (CIK) is 913142. EDGAR lists every BDC filing under that number.
Ask anything about BDC
The research agent reads BDC's filings, financials, insider trades and 13F holders, then answers with sources.