LITTELFUSE INC /DE
For the period ended Sep 26, 2026. Filed Oct 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 26, 2026 · Filed Oct 28, 2026
LFUS$385.63+8.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
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 (Note 1) | $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 (Note 3) | 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 (Note 4) | 507,749 | 540,640 |
| Intangible assets, net of amortization (Note 5) | 538,141 | 594,907 |
| Goodwill (Note 5) | 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 (Note 6) | 271,608 | 199,271 |
| Accrued income taxes | 48,108 | 26,186 |
| Current portion of long-term debt (Note 8) | 100,000 | 96,233 |
| Total current liabilities | 679,796 | 532,769 |
| Long-term debt, less current portion (Note 8) | 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 liabilities | $1,501,399 | $1,530,762 |
| Commitments and contingencies (Note 15) | ||
| Shareholders’ equity: | ||
| Common stock, par value $0.01 per share: 34,000,000 shares authorized; shares issued, September 26, 2026–27,519,212; December 27, 2025–27,014,490 | 268 | 264 |
| Additional paid-in capital | 1,208,485 | 1,098,150 |
| Treasury stock, at cost: 2,116,210 and 2,088,409 shares, respectively | (350,101) | (338,696) |
| Accumulated other comprehensive loss | (27,904) | (5,383) |
| Retained earnings | 1,893,435 | 1,671,699 |
| Total equity | 2,724,183 | 2,426,034 |
| Total liabilities and equity | $4,225,582 | $3,956,796 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| 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 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| (in thousands) | September 26, 2026 | September 27, 2025 | September 26, 2026 | September 27,2025 |
| Net income | $115,377 | $69,522 | $279,929 | $170,435 |
| Other comprehensive income (loss): | ||||
| Pension and postemployment adjustments, net of tax | 478 | 666 | 1,470 | 1,069 |
| Cash flow hedges, net of tax | (2,674) | 846 | (5,302) | 7,264 |
| Foreign currency translation adjustments, net of tax | 4,555 | (5,049) | (18,689) | 123,640 |
| Comprehensive income | $117,736 | $65,985 | $257,408 | $302,408 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| 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: | ||
| Depreciation | 58,627 | 56,379 |
| Amortization of intangibles | 45,852 | 44,220 |
| Deferred revenue | (3,646) | 2,814 |
| Impairment charges | 14,712 | 136 |
| Stock-based compensation | 23,467 | 21,733 |
| Loss on investments and other assets | 116 | 2,095 |
| Deferred income taxes | 3,899 | 490 |
| Other | 1,798 | 3,760 |
| 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 | ||
| Payments of senior notes payable | — | (50,000) |
| Repayments of other debts | (1,226) | (2,099) |
| Payments of term loan | (66,250) | (11,250) |
| Payments of revolving credit facility | (100,000) | — |
| Net proceeds related to stock-based award activities | 75,467 | 17,939 |
| Repurchases of common stock, with excise tax | — | (27,553) |
| Debt issuance costs | (2,170) | — |
| Cash dividends paid | (58,193) | (53,311) |
| 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 |
| Supplementary Cash Flow Information | ||
| Reconciliation of cash and cash equivalents: | ||
| Cash and cash equivalents | $824,840 | $814,733 |
| Restricted cash included in other long-term assets | 1,653 | 1,696 |
| Cash paid during the period for interest | 21,254 | 28,955 |
| Capital expenditures, not yet paid | 10,500 | 8,116 |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
| Littelfuse, Inc. Shareholders’ Equity | ||||||
|---|---|---|---|---|---|---|
| (in thousands, except share and per share data) | Common Stock | Addl. Paid in Capital | Treasury Stock | Accum. Other Comp. Loss | Retained Earnings | Total |
| Balance at December 27, 2025 | $264 | $1,098,150 | $(338,696) | $(5,383) | $1,671,699 | $2,426,034 |
| Net income | — | — | — | — | 75,147 | 75,147 |
| Other comprehensive loss, net of tax | — | — | — | (19,174) | — | (19,174) |
| Stock-based compensation | — | 5,671 | — | — | — | 5,671 |
| Withheld shares on restricted share units for withholding taxes | — | — | (62) | — | — | (62) |
| Stock options exercised | 2 | 45,282 | — | — | — | 45,284 |
| Cash dividends paid ($0.75 per share) | — | — | — | — | (18,836) | (18,836) |
| Balance at March 28, 2026 | $266 | $1,149,103 | $(338,758) | $(24,557) | $1,728,010 | $2,514,064 |
| Net income | — | — | — | — | 89,405 | 89,405 |
| Other comprehensive loss, net of tax | — | — | — | (5,706) | — | (5,706) |
| Stock-based compensation | — | 9,282 | — | — | — | 9,282 |
| Withheld shares on restricted share units for withholding taxes | — | — | (10,587) | — | — | (10,587) |
| Stock options exercised | 2 | 40,936 | — | — | — | 40,938 |
| Cash dividends paid ($0.75 per share) | — | — | — | — | (19,036) | (19,036) |
| Balance at June 27, 2026 | $268 | $1,199,321 | $(349,345) | $(30,263) | $1,798,379 | $2,618,360 |
| Net income | — | — | — | — | 115,377 | 115,377 |
| Other comprehensive income, net of tax | — | — | — | 2,359 | — | 2,359 |
| Stock-based compensation | — | 8,514 | — | — | — | 8,514 |
| Withheld shares on restricted share units for withholding taxes | — | — | (756) | — | — | (756) |
| Stock options exercised | — | 650 | 650 | |||
| Cash dividends paid ($0.80 per share) | — | — | — | — | (20,321) | (20,321) |
| Balance at September 26, 2026 | $268 | $1,208,485 | $(350,101) | $(27,904) | $1,893,435 | $2,724,183 |
| Littelfuse, Inc. Shareholders’ Equity | |||||||
|---|---|---|---|---|---|---|---|
| (in thousands, except share and per share data) | Common Stock | Addl. Paid in Capital | Treasury Stock | Accum. Other Comp. (Loss) Income | Retained Earnings | Non-controlling Interest | Total |
| Balance at December 28, 2024 | $262 | $1,049,079 | $(305,351) | $(146,361) | $1,815,628 | $355 | $2,413,612 |
| Net income | — | — | — | — | 43,571 | — | 43,571 |
| Other comprehensive income, net of tax | — | — | — | 37,597 | — | — | 37,597 |
| Stock-based compensation | — | 4,855 | — | — | — | — | 4,855 |
| Non-controlling interest | — | — | — | — | (70) | 70 | — |
| Withheld shares on restricted share units for withholding taxes | — | — | (62) | — | — | — | (62) |
| Stock options exercised | — | 2,143 | — | — | — | — | 2,143 |
| Repurchases of common stock, with excise tax | — | — | (27,626) | — | — | — | (27,626) |
| Cash dividends paid ($0.70 per share) | — | — | — | — | (17,335) | — | (17,335) |
| Balance at March 29, 2025 | $262 | $1,056,077 | $(333,039) | $(108,764) | $1,841,794 | $425 | $2,456,755 |
| Net income | — | — | — | — | 57,342 | — | 57,342 |
| Other comprehensive income, net of tax | — | — | — | 97,913 | — | — | 97,913 |
| Stock-based compensation | — | 8,592 | — | — | — | — | 8,592 |
| Non-controlling interest | — | (3,023) | — | — | (57) | 190 | (2,890) |
| Withheld shares on restricted share units for withholding taxes | — | — | (4,011) | — | — | — | (4,011) |
| Stock options exercised | 1 | 2,482 | — | — | — | — | 2,483 |
| Excise tax adjustment on stock options exercised | — | — | 123 | — | — | — | 123 |
| Cash dividends paid ($0.70 per share) | — | — | — | — | (17,342) | — | (17,342) |
| Balance at June 28, 2025 | $263 | $1,064,128 | $(336,927) | $(10,851) | $1,881,737 | $615 | $2,598,965 |
| Net income | — | — | — | — | 69,522 | — | 69,522 |
| Other comprehensive loss, net of tax | — | — | — | (3,537) | — | — | (3,537) |
| Stock-based compensation | — | 8,286 | — | — | — | — | 8,286 |
| Non-controlling interest | — | — | — | — | (24) | 23 | (1) |
| Withheld shares on restricted share units for withholding taxes | — | — | (1,824) | — | — | — | (1,824) |
| Stock options exercised | 1 | 19,208 | — | — | — | — | 19,209 |
| Excise tax adjustment on stock options exercised | — | — | 129 | — | — | — | 129 |
| Cash dividends paid ($0.75 per share) | — | — | — | — | (18,634) | — | (18,634) |
| Balance at September 27, 2025 | $264 | $1,091,622 | $(338,622) | $(14,388) | $1,932,601 | $638 | $2,672,115 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.