Bel Fuse (BELFA) Research & Development (2019 - 2026)
Bel Fuse (BELFA) posted Research & Development of $9.01 million for Q2 2026, up 11.1% from $8.1 million a year earlier and up 5.9% from the prior quarter.
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Analysis
Bel Fuse (BELFA) Research & Development (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Bel Fuse was $33.09 million, up 19.4% year-over-year; for FY2025, it came in at $30.9 million, up 30.9% from FY2024.
- Annual Research & Development has increased for three consecutive years, with a five-year compound annual growth rate of 5.5% (FY2020 to FY2025).
- In prior years, Bel Fuse's Research & Development was $23.6 million in FY2024 (+4.9%), $22.5 million in FY2023 (+11.2%), $20.24 million in FY2022 (-7.6%) and $21.9 million in FY2021 (-7.2%).
- The Q2 2026 figure stands as the highest quarterly Research & Development in data going back to Q1 2019.
- On a year-over-year basis, Research & Development has increased in each of the last eight quarters, with growth averaging 22.0% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q3 2025, with growth of 38.7%; the weakest was Q3 2022, with a decline of 17.6%.
- According to Business Quant data, Research & Development for the three prior quarters was $8.51 million (Q1 2026), $8.03 million (Q4 2025) and $7.55 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,943.67 Bn | 4,691.16 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Cisco Systems | 421.20 Bn | 357.13 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Dell Technologies | 347.85 Bn | 303.60 Bn | 9.83 Bn | 1.11 Bn |
| 4 | Arista Networks | 258.42 Bn | 211.87 Bn | 1.91 Bn | 348.20 Mn |
| 5 | Sandisk | 250.08 Bn | 238.60 Bn | 7.58 Bn | 348.00 Mn |
| 6 | Seagate Technology Holdings | 208.99 Bn | 203.98 Bn | 1.90 Bn | 188.00 Mn |
| 7 | Western Digital | 163.62 Bn | 151.74 Bn | 2.03 Bn | 284.00 Mn |
| 8 | Sony | 143.48 Bn | 93.86 Bn | 6.53 Bn | - |
| 9 | Hewlett Packard Enterprise | 83.23 Bn | 61.11 Bn | 4.93 Bn | 1.16 Bn |
| 10 | Bel Fuse | 2.47 Bn | 2.09 Bn | 83.97 Mn | 9.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.01 Mn |
| Mar 31, 2026 | 8.51 Mn |
| Dec 31, 2025 | 8.03 Mn |
| Sep 30, 2025 | 7.55 Mn |
| Jun 30, 2025 | 8.10 Mn |
| Mar 31, 2025 | 7.22 Mn |
| Dec 31, 2024 | 6.95 Mn |
| Sep 30, 2024 | 5.44 Mn |
| Jun 30, 2024 | 5.99 Mn |
| Mar 31, 2024 | 5.22 Mn |
| Dec 31, 2023 | 5.98 Mn |
| Sep 30, 2023 | 5.29 Mn |
| Jun 30, 2023 | 6.01 Mn |
| Mar 31, 2023 | 5.22 Mn |
| Dec 31, 2022 | 5.86 Mn |
| Sep 30, 2022 | 4.88 Mn |
| Jun 30, 2022 | 4.66 Mn |
| Mar 31, 2022 | 5.01 Mn |
| Dec 31, 2021 | 5.60 Mn |
| Sep 30, 2021 | 5.92 Mn |
API Access
Bel Fuse Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=BELFA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BELFA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=BELFA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();