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Belden’s $100 Million AI Data Center Contract: Can It Unlock a $275 Million Growth Engine?

Belden Inc. reported third-quarter 2026 results marked by record revenue of $966 million, reflecting a 38% year-over-year increase, including the contribution from RUCKUS Networks, which was acquired on July 1. Organic growth stood at 11%, driven primarily by strong performance in Automation and Smart Buildings segments, both showing double-digit growth. Orders exceeded $1 billion for the first time in a single quarter, up 46% year-over-year and 16% organically, supporting a book-to-bill ratio of 1.05x. Adjusted earnings per share were $2.26, a 15% increase from the prior year and within guidance, while adjusted EBITDA reached $171 million with margins of 17.7%. The AI data center segment notably expanded, highlighted by a new $100 million fiber solution contract for 2027, scaling the business to an expected $275 million annual run rate, a more than 50% increase from prior expectations.