Recent News
On July 29, 2026 Littelfuse reported second-quarter results: net sales of $738.8M (+20% YoY, organic +14%), GAAP diluted EPS $3.49 and adjusted EPS $4.19; the company announced a cash dividend payable September 3, 2026 and hosted a July 29 conference call. In early June the company announced the NANO²® SMD 708 series fuse for high-current 48 VDC AI data-center protection. A July 29 Form 8‑K filed with regulators attached the press release and supplemental presentation.
Technical Analysis
Directional indicators present mixed but near-term bearish pressure: ADX at 15.29 signals no established trend while DI+ at 25.25 shows decreasing momentum (bearish) and DI− at 24.71 displays a dip-and-reversal (bearish). Together they imply limited directional conviction but a tilt toward negative directional pressure that can constrain upside relative to current valuation.
MACD shows a peak-and-reversal and sits below its signal line (MACD 3.45 vs signal 3.55), indicating bearish momentum and reduced likelihood of a sustained short-term advance unless the histogram turns positive and the MACD crosses above the signal line.
MRO at 16.78 with a peak-and-reversal indicates price sits above the model target and therefore carries mean-reversion risk; that reading adds downward bias to the near-term outlook given the momentum signals.
RSI near 48.8 with a peak-and-reversal suggests neutral-to-slightly-weak internals rather than oversold conditions, limiting the scope for an immediate breakout above short-term resistance without a momentum shift.
Price sits below short-term averages and above the long-term average: current close $414.87 under the 20-day average $452.17 and 50-day average $441.75, but above the 200-day average $357.65. The 12-day EMA peaked and reversed, reinforcing short-term weakness while the 200-day position supports longer-term constructive context.
Bollinger bands place the close below both the 1× and 2× lower bands (lower 1× $436.37; lower 2× $420.56), signaling a technical overshoot below near-term volatility bands that often precedes sideways price repair rather than an immediate trend reversal.
Volume reads mixed: intraday volume 322,434 exceeds the 10-day average 219,413 but remains below the 50-day average 349,705, suggesting episodic selling interest without sustained distribution. Elevated short-term volatility (42‑day beta 1.4) supports tighter risk management for swing-oriented positions.
Fundamental Analysis
Revenue and profitability display clear improvement: total revenue $738,781,000 with revenue growth of 12.45% and QoQ growth of 17.34%. Gross margin at 41.43% improved YoY by 9.51 percentage points, and operating margin at 18.92% expanded QoQ by 14.45% and YoY by 21.78%—all supportive of higher earnings leverage.
Operating cash flow $146,216,000 and free cash flow $127,289,000 (free cash flow yield 1.19%) show strong cash conversion; free cash flow to net income at 1.42x and cash conversion ratio 0.731 indicate healthy cash quality. WMDST notes free cash flow yield above the industry peer mean.
Earnings per share came in at $4.19 versus an estimate of $3.78 (EPS surprise +$0.41; surprise ratio +10.85%), confirming better-than-expected operating performance for the quarter covered by the report dated June 30, 2026.
Capital structure and liquidity support execution: cash and short-term investments $628,591,000, current ratio 2.76 (above the industry peer mean), quick ratio 2.00, and debt-to-assets 17.68% (well below the industry peer mean), yielding comfortable coverage (interest coverage ~21.4x).
Return metrics remain modest versus peers: return on equity ~3.42% and return on assets ~2.27%, both improving QoQ and YoY but below the industry peer mean. Price multiples reflect a mixed valuation view: P/E ~100.65 and P/B ~4.07 sit below the industry peer mean/median on those measures, while forward metrics (forward PE ~85.82, forward EPS $5.02) imply growth expectations priced into the multiple.
WMDST values the stock as under-valued, a conclusion that aligns with above-peer free cash flow yield, below-peer price-to-book, improving margins and cash generation, and manageable leverage; earnings upside and margin expansion provide the primary fundamental support for that valuation call.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-29 |
| NEXT REPORT DATE: | 2026-10-28 |
| CASH FLOW | Begin Period Cash Flow | $ 483.4 M |
| Operating Cash Flow | $ 146.2 M | |
| Capital Expenditures | $ -18.93 M | |
| Change In Working Capital | $ -6.33 M | |
| Dividends Paid | $ -19.04 M | |
| Cash Flow Delta | $ 146.5 M | |
| End Period Cash Flow | $ 629.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 738.8 M | |
| Forward Revenue | $ 262.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 432.7 M | |
| Depreciation | $ 19.9 M | |
| Depreciation and Amortization | $ 34.6 M | |
| Research and Development | $ 31.0 M | |
| Total Operating Expenses | $ 599.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 306.1 M | |
| EBITDA | $ 157.4 M | |
| EBIT | $ 122.8 M | |
| Operating Income | $ 139.7 M | |
| Interest Income | — | |
| Interest Expense | $ 5.7 M | |
| Net Interest Income | $ -5.74 M | |
| Income Before Tax | $ 117.1 M | |
| Tax Provision | $ 27.7 M | |
| Tax Rate | 23.6 % | |
| Net Income | $ 89.4 M | |
| Net Income From Continuing Operations | $ 89.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.78 | |
| EPS Actual | $ 4.19 | |
| EPS Difference | $ 0.41 | |
| EPS Surprise | 10.847 % | |
| Forward EPS | $ 5.02 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 4.0 B | |
| Intangible Assets | $ 1.8 B | |
| Net Tangible Assets | $ 861.0 M | |
| Total Current Assets | $ 1.6 B | |
| Cash and Short-Term Investments | $ 628.6 M | |
| Cash | $ 628.2 M | |
| Net Receivables | $ 423.6 M | |
| Inventory | $ 433.8 M | |
| Long-Term Investments | $ 59.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 249.0 M | |
| Short-Term Debt | $ 100.0 M | |
| Total Current Liabilities | $ 573.5 M | |
| Net Debt | $ 1.4 M | |
| Total Debt | $ 709.4 M | |
| Total Liabilities | $ 1.4 B | |
| EQUITY | ||
| Total Equity | $ 2.6 B | |
| Retained Earnings | $ 1.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 103.54 | |
| Shares Outstanding | 25.289 M | |
| Revenue Per-Share | $ 29.21 | |
| VALUATION | Market Capitalization | $ 10.7 B |
| Enterprise Value | $ 10.7 B | |
| Enterprise Multiple | 68.283 | |
| Enterprise Multiple QoQ | 2.796 % | |
| Enterprise Multiple YoY | 34.627 % | |
| Enterprise Multiple IPRWA | high: 366.452 mean: 142.235 median: 100.723 LFUS: 68.283 low: -69.84 |
|
| EV/R | 14.545 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.532 | |
| Asset To Liability | 2.878 | |
| Debt To Capital | 0.213 | |
| Debt To Assets | 0.177 | |
| Debt To Assets QoQ | -4.199 % | |
| Debt To Assets YoY | -19.837 % | |
| Debt To Assets IPRWA | high: 0.707 median: 0.38 mean: 0.32 LFUS: 0.177 low: 0.0 |
|
| Debt To Equity | 0.271 | |
| Debt To Equity QoQ | -4.326 % | |
| Debt To Equity YoY | -21.497 % | |
| Debt To Equity IPRWA | high: 1.744 median: 1.053 mean: 0.944 LFUS: 0.271 low: -0.622 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.073 | |
| Price To Book QoQ | 13.607 % | |
| Price To Book YoY | 78.587 % | |
| Price To Book IPRWA | high: 24.596 mean: 12.289 median: 7.654 LFUS: 4.073 low: -1.842 |
|
| Price To Earnings (P/E) | 100.652 | |
| Price To Earnings QoQ | -6.998 % | |
| Price To Earnings YoY | 4.596 % | |
| Price To Earnings IPRWA | high: 314.255 mean: 164.013 median: 105.277 LFUS: 100.652 low: -337.187 |
|
| PE/G Ratio | 3.786 | |
| Price To Sales (P/S) | 14.436 | |
| Price To Sales QoQ | 5.217 % | |
| Price To Sales YoY | 49.424 % | |
| Price To Sales IPRWA | high: 67.495 mean: 31.131 median: 18.172 LFUS: 14.436 low: 2.088 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 85.824 | |
| Forward PE/G | 3.228 | |
| Forward P/S | 40.641 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.479 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.188 | |
| Asset Turnover Ratio QoQ | 11.663 % | |
| Asset Turnover Ratio YoY | 21.726 % | |
| Asset Turnover Ratio IPRWA | high: 0.313 median: 0.207 LFUS: 0.188 mean: 0.186 low: -0.002 |
|
| Receivables Turnover | 1.837 | |
| Receivables Turnover Ratio QoQ | 4.014 % | |
| Receivables Turnover Ratio YoY | 2.003 % | |
| Receivables Turnover Ratio IPRWA | high: 2.606 LFUS: 1.837 mean: 1.472 median: 1.309 low: -0.275 |
|
| Inventory Turnover | 1.015 | |
| Inventory Turnover Ratio QoQ | 5.245 % | |
| Inventory Turnover Ratio YoY | 10.352 % | |
| Inventory Turnover Ratio IPRWA | high: 2.506 mean: 1.029 LFUS: 1.015 median: 0.952 low: 0.353 |
|
| Days Sales Outstanding (DSO) | 49.687 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 92.845 | |
| Cash Conversion Cycle Days QoQ | -8.485 % | |
| Cash Conversion Cycle Days YoY | -17.538 % | |
| Cash Conversion Cycle Days IPRWA | high: 255.367 mean: 98.823 median: 94.266 LFUS: 92.845 low: -10.437 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.731 | |
| CapEx To Revenue | -0.026 | |
| CapEx To Depreciation | -0.953 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.1 B | |
| Net Invested Capital | $ 3.2 B | |
| Invested Capital | $ 3.2 B | |
| Net Tangible Assets | $ 861.0 M | |
| Net Working Capital | $ 1.0 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.096 | |
| Current Ratio | 2.761 | |
| Current Ratio QoQ | 5.794 % | |
| Current Ratio YoY | -32.002 % | |
| Current Ratio IPRWA | high: 18.42 LFUS: 2.761 mean: 2.125 median: 1.379 low: 1.24 |
|
| Quick Ratio | 2.005 | |
| Quick Ratio QoQ | 10.432 % | |
| Quick Ratio YoY | -32.616 % | |
| Quick Ratio IPRWA | high: 3.412 LFUS: 2.005 mean: 1.367 median: 1.03 low: 0.786 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.508 | |
| Cost Of Debt | 0.617 % | |
| Interest Coverage Ratio | 21.398 | |
| Interest Coverage Ratio QoQ | 43.956 % | |
| Interest Coverage Ratio YoY | 111.263 % | |
| Interest Coverage Ratio IPRWA | high: 171.7 mean: 21.637 LFUS: 21.398 median: 13.891 low: -52.291 |
|
| Operating Cash Flow Ratio | 0.162 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 53.42 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.697 | |
| Dividend Payout Ratio | 0.213 | |
| Dividend Rate | $ 0.75 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.016 % | |
| Revenue Growth | 12.453 % | |
| Revenue Growth QoQ | 17.337 % | |
| Revenue Growth YoY | 16.787 % | |
| Revenue Growth IPRWA | high: 41.849 % mean: 20.664 % median: 14.495 % LFUS: 12.453 % low: 0.29 % |
|
| Earnings Growth | 26.586 % | |
| Earnings Growth QoQ | 15.351 % | |
| Earnings Growth YoY | 429.285 % | |
| Earnings Growth IPRWA | high: 109.813 % mean: 31.951 % LFUS: 26.586 % median: 12.1 % low: -46.667 % |
|
| MARGINS | ||
| Gross Margin | 41.428 % | |
| Gross Margin QoQ | 7.091 % | |
| Gross Margin YoY | 9.511 % | |
| Gross Margin IPRWA | high: 47.7 % LFUS: 41.428 % mean: 35.414 % median: 33.466 % low: -36.329 % |
|
| EBIT Margin | 16.622 % | |
| EBIT Margin QoQ | 5.296 % | |
| EBIT Margin YoY | 17.495 % | |
| EBIT Margin IPRWA | high: 27.007 % median: 19.467 % mean: 18.081 % LFUS: 16.622 % low: -12.629 % |
|
| Return On Sales (ROS) | 18.916 % | |
| Return On Sales QoQ | 14.448 % | |
| Return On Sales YoY | 21.779 % | |
| Return On Sales IPRWA | high: 27.141 % LFUS: 18.916 % mean: 17.909 % median: 17.106 % low: -12.629 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 127.3 M | |
| Free Cash Flow Yield | 1.194 % | |
| Free Cash Flow Yield QoQ | 62.67 % | |
| Free Cash Flow Yield YoY | -2.531 % | |
| Free Cash Flow Yield IPRWA | LFUS: 1.194 % high: 1.093 % median: 0.564 % mean: 0.543 % low: -3.537 % |
|
| Free Cash Growth | 92.384 % | |
| Free Cash Growth QoQ | -306.505 % | |
| Free Cash Growth YoY | 31.736 % | |
| Free Cash Growth IPRWA | high: 362.609 % median: 178.344 % mean: 149.674 % LFUS: 92.384 % low: -99.578 % |
|
| Free Cash To Net Income | 1.424 | |
| Cash Flow Margin | 12.564 % | |
| Cash Flow To Earnings | 1.038 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.272 % | |
| Return On Assets QoQ | 18.149 % | |
| Return On Assets YoY | 57.559 % | |
| Return On Assets IPRWA | high: 4.033 % median: 2.521 % mean: 2.382 % LFUS: 2.272 % low: -8.194 % |
|
| Return On Capital Employed (ROCE) | 3.571 % | |
| Return On Equity (ROE) | 0.034 | |
| Return On Equity QoQ | 14.252 % | |
| Return On Equity YoY | 54.735 % | |
| Return On Equity IPRWA | high: 0.122 mean: 0.068 median: 0.054 LFUS: 0.034 low: -0.108 |
|
| DuPont ROE | 3.484 % | |
| Return On Invested Capital (ROIC) | 2.888 % | |
| Return On Invested Capital QoQ | 12.768 % | |
| Return On Invested Capital YoY | 54.687 % | |
| Return On Invested Capital IPRWA | high: 6.649 % mean: 4.007 % median: 3.781 % LFUS: 2.888 % low: -8.631 % |
|