Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing LFUS more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
Littelfuse, Inc. (LFUS) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
11
analysts
6 bullish · 1 bearish · 11 covering LFUS
Strong Buy
0
Buy
6
Hold
4
Sell
1
Strong Sell
0
Consensus Target
$400
-5.4% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
11
Published analyst ratings
Valuation Context
32.4x
Forward P/E · Market cap $10.5B
LFUS price targets
Three scenarios for where LFUS stock could go
Current
~$423
Confidence
49 / 100
Updated
May 1, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Littelfuse, Inc.
LFUS · NASDAQTechnologyHardware, Equipment & PartsDecember year-end
Littelfuse is a global manufacturer of circuit protection, power control, and sensing components for electronics and transportation systems. It generates revenue primarily through two segments—Electronics (~60% of sales) and Transportation (~40%)—selling fuses, sensors, relays, and power semiconductors to industrial, automotive, and consumer electronics markets. The company's competitive moat lies in its deep technical expertise in circuit protection, broad product portfolio that serves as a one-stop shop for customers, and established relationships with major industrial and automotive OEMs worldwide.
Market Cap
$10.5B
Revenue TTM
$2.4B
Net Income TTM
-$72M
Net Margin
-3.0%
LFUS Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
75%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+10.6%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$2.19/$1.82
Revenue
$554M/$539M
Q3 2025
EPS
$2.85/$2.35
Revenue
$613M/$606M
Q4 2025
EPS
$2.95/$2.75
Revenue
$625M/$587M
Q1 2026
EPS
$2.69/$2.51
Revenue
$594M/$584M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $2.19/$1.82 | +20.3% | $554M/$539M | +2.9% |
| Q3 2025 | $2.85/$2.35 | +21.3% | $613M/$606M | +1.2% |
| Q4 2025 | $2.95/$2.75 | +7.3% | $625M/$587M | +6.4% |
| Q1 2026 | $2.69/$2.51 | +7.2% | $594M/$584M | +1.7% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$2.6B
+7.1% YoY
FY2
$2.7B
+6.4% YoY
EPS Outlook
FY1
$0.51
+117.7% YoY
FY2
$1.73
+239.2% YoY
Trailing FCF (TTM)$366M
FCF Margin: 15.3%
Next Earnings
May 6, 2026
Expected EPS
$2.83
Expected Revenue
$638M
LFUS beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
LFUS Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $2.2B
Product Mix
Latest annual revenue by segment or product family
Electronics Segment
54.2%
-12.1% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Other Countries
40.3%
-11.2% YoY
Tap, hover, or focus a slice to inspect segment detail.
Electronics Segment is the largest disclosed segment at 54.2% of FY 2024 revenue, down 12.1% YoY.
Other Countries is the largest reported region at 40.3%, down 11.2% YoY.
LFUS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Undervalued
Fair value est. $450 — implies +10.7% from today's price.
Upside to Fair Value
10.7%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
LFUS
-145.8x
vs
S&P 500
25.1x
681% discount
vs Technology Trailing P/E
LFUS
-145.8x
vs
Technology
26.7x
645% discount
vs LFUS 5Y Avg P/E
Today
-145.8x
vs
5Y Average
31.9x
557% discount
Forward PE
32.4x
S&P 500
19.1x
+70%
Technology
22.1x
+46%
5Y Avg
—
—
Trailing PE
-145.8x
S&P 500
25.1x
-681%
Technology
26.7x
-645%
5Y Avg
31.9x
-557%
PEG Ratio
—
S&P 500
1.72x
—
Technology
1.52x
—
5Y Avg
—
—
EV/EBITDA
79.0x
S&P 500
15.2x
+419%
Technology
17.5x
+352%
5Y Avg
22.4x
+253%
Price/FCF
28.8x
S&P 500
21.1x
+36%
Technology
19.5x
+47%
5Y Avg
20.3x
+42%
Price/Sales
4.4x
S&P 500
3.1x
+41%
Technology
2.4x
+81%
5Y Avg
2.8x
+55%
Dividend Yield
0.68%
S&P 500
1.87%
-63%
Technology
1.16%
-41%
5Y Avg
0.96%
-29%
| Metric | LFUS | S&P 500 | Technology | 5Y Avg LFUS |
|---|---|---|---|---|
| Forward PE | 32.4x | 19.1x+70% | 22.1x+46% | — |
| Trailing PE | -145.8x | 25.1x-681% | 26.7x-645% | 31.9x-557% |
| PEG Ratio | — | 1.72x | 1.52x | — |
| EV/EBITDA | 79.0x | 15.2x+419% | 17.5x+352% | 22.4x+253% |
| Price/FCF | 28.8x | 21.1x+36% | 19.5x+47% | 20.3x+42% |
| Price/Sales | 4.4x | 3.1x+41% | 2.4x+81% | 2.8x+55% |
| Dividend Yield | 0.68% | 1.87% | 1.16% | 0.96% |
LFUS trades above S&P 500 benchmarks on 4 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolLFUS Financial Health
Verdict
Stressed
LFUS generates $366M in free cash flow at a 15.3% margin.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$2.4B
Revenue Growth
TTM vs prior year
+8.9%
Gross Margin
Gross profit as a share of revenue
38.0%
Operating Margin
Operating income divided by revenue
1.6%
Net Margin
Net income divided by revenue
-3.0%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-2.88
Free Cash Flow (TTM)
Cash generation after capex
$366M
FCF Margin
FCF as share of revenue — the primary cash quality signal
15.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
1.0%
ROA
Return on assets, trailing twelve months
-1.8%
Cash & Equivalents
Liquid assets on the balance sheet
$563M
Net Debt
Total debt minus cash
$383M
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.0× FCF
~1.0 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
-3.0%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.9%
Dividend
0.7%
Buyback
0.3%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$28M
Dividend / Share
Annualized trailing dividend per share
$2.89
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
25M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageLFUS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Macroeconomic Sensitivity
Littelfuse is highly sensitive to general economic conditions, with potential revenue impacts from weakness in end markets like consumer electronics and appliances. Recession fears and higher interest rates could significantly hinder revenue growth and share price performance.
High Risk
Customer Concentration
A significant portion of Littelfuse's revenue is dependent on a few key customers, with Arrow Electronics accounting for over 10% of revenue in 2022. Any adverse changes in sales from these key customers could severely impact overall financial results.
High Risk
Supply Chain and Capacity
Capacity and supply difficulties pose a significant risk to Littelfuse's operations. Industry-wide shortages could disrupt fulfillment, leading to inventory imbalances and negatively affecting revenue.
Medium
Product Demand and Market Acceptance
Fluctuations in product demand and market acceptance can directly affect Littelfuse's performance. There is a risk of slowdown in bookings due to potential order cancellations and project delays.
Medium
Competitive Landscape
The industry is subject to intense competitive pressures, including competitive products and pricing strategies. This competition can impact Littelfuse's market share and profitability.
Medium
Acquisition Integration
The integration of acquisitions may not be achieved in a timely manner, limiting the realization of expected benefits and synergies. Additionally, there is a risk of losing key personnel from acquisitions.
Lower
Cybersecurity Risks
Cybersecurity matters pose a risk to Littelfuse's operations and data integrity. Any significant breaches could lead to financial losses and reputational damage.
Lower
Goodwill Impairment
Goodwill, an intangible asset, may be subject to impairment if earnings or cash flow targets are missed. This could reduce the company's total assets and book value per share.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why LFUS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Robust Segment Performance
Littelfuse has demonstrated impressive growth in its electronics segment, with sales increasing significantly year-over-year, driven by strong demand for passive products and protection semiconductors. The industrial segment is also showing signs of recovery and growth, particularly in data center, grid infrastructure, and renewable energy applications, with recent quarterly reports showing double-digit revenue growth.
Strategic Acquisitions
The company has a history of successful, disciplined mergers and acquisitions that contribute significantly to its growth. The acquisition of Basler Electric is expected to enhance its high-power capabilities and contribute to revenue and earnings in 2026.
Focus on High-Growth Markets
Littelfuse is strategically positioning itself to benefit from secular tailwinds in areas like renewable energy infrastructure, grid storage, and sustainable grid ecosystems. The data center segment has seen a significant increase in design wins and is expected to be a leading growth contributor.
Margin Expansion and Profitability
Littelfuse has achieved significant margin expansion, with its EBITDA margin improving considerably due to strong operational leverage and a strategic shift towards higher-value opportunities. This positions the company for enhanced profitability moving forward.
Strong Bookings and Backlog
The company has reported a strong bookings increase, with a book-to-bill ratio remaining above 1, indicating a solid foundation for future profitability and sustained demand. This reflects the company's ability to secure new orders and maintain a healthy pipeline.
Financial Health and Shareholder Returns
Littelfuse maintains a healthy balance sheet, providing flexibility for investments and acquisitions. The company also returns value to shareholders through dividends, reinforcing its commitment to shareholder returns.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
LFUS Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$422.80
52W Range Position
97%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$188.08
+124.8% from the low
52-Week High
$430.50
-1.8% from the high
1 Month
+24.79%
3 Month
+27.40%
YTD
+61.0%
1 Year
+115.8%
3Y CAGR
+17.1%
5Y CAGR
+10.2%
10Y CAGR
+13.7%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
LFUS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
32.4x
vs 41.6x median
-22% below peer median
Revenue Growth
+7.1%
vs +2.8% median
+153% above peer median
Net Margin
-3.0%
vs 9.5% median
-132% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
LFU LFUS Littelfuse, Inc. | $10.5B | 32.4x | +7.1% | -3.0% | Buy | -5.4% |
CTS CTS CTS Corporation | $1.7B | 23.9x | +2.8% | 12.4% | Hold | — |
VIC VICR Vicor Corporation | $12.0B | 96.0x | +10.9% | 26.2% | Buy | -7.9% |
AVX AVX Avax One Technology Ltd | $212005 | — | +2241.9% | -1440.1% | — | — |
ON ON ON Semiconductor Corporation | $40.4B | 35.1x | -1.1% | 9.5% | Buy | -39.2% |
STM STM STMicroelectronics N.V. | $50.8B | 48.2x | -3.6% | 1.2% | Buy | +0.6% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
LFUS Dividend and Capital Return
LFUS returns 0.9% total yield, led by a 0.68% dividend, raised 16 consecutive years.
Dividend UnknownFCF Well Covered
Total Shareholder Yield
0.9%
Dividend + buyback return per year
Buyback Yield
0.3%
Dividend Yield
0.68%
Payout Ratio
—
How LFUS Splits Its Return
Div 0.68%
Buyback 0.3%
Dividend 0.68%Buybacks 0.3%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$2.89
Growth Streak
Consecutive years of dividend increases
16Y
3Y Div CAGR
8.7%
5Y Div CAGR
8.6%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$28M
Estimated Shares Retired
65.2K
Approx. Share Reduction
0.3%
Shares Outstanding
Current diluted share count from the screening snapshot
25M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.75 | — | — | — |
| 2025 | $2.90 | +7.4% | 0.4% | 1.5% |
| 2024 | $2.70 | +8.0% | 0.7% | 1.8% |
| 2023 | $2.50 | +10.6% | 0.0% | 0.9% |
| 2022 | $2.26 | +11.9% | 0.0% | 1.0% |
FAQ
7 questionsLFUS Investor Questions
Common questions answered from live analyst data and company financials.
01Is Littelfuse, Inc. (LFUS) stock a buy or sell in 2026?
Littelfuse, Inc. (LFUS) is rated Buy by Wall Street analysts as of 2026. Of 11 analysts covering the stock, 6 rate it Buy or Strong Buy, 4 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $400, implying -5.4% from the current price of $423.
02What is the LFUS stock price target for 2026?
The Wall Street consensus price target for LFUS is $400 based on 11 analyst estimates. The high-end target is $450 (+6.4% from today), and the low-end target is $360 (-14.9%).
03Is Littelfuse, Inc. (LFUS) stock overvalued in 2026?
LFUS trades at 32.4x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals slightly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Littelfuse, Inc. (LFUS) stock in 2026?
The primary risks for LFUS in 2026 are: (1) Macroeconomic Sensitivity — Littelfuse is highly sensitive to general economic conditions, with potential revenue impacts from weakness in end markets like consumer electronics and appliances. (2) Customer Concentration — A significant portion of Littelfuse's revenue is dependent on a few key customers, with Arrow Electronics accounting for over 10% of revenue in 2022. (3) Supply Chain and Capacity — Capacity and supply difficulties pose a significant risk to Littelfuse's operations. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Littelfuse, Inc.'s revenue and earnings forecast?
Analyst consensus estimates LFUS will report consensus revenue of $2.6B (+7.1% year-over-year) and EPS of $0.51 (+117.7% year-over-year) for the upcoming fiscal year. The following year, analysts project $2.7B in revenue.
06When does Littelfuse, Inc. (LFUS) report its next earnings?
Littelfuse, Inc. is expected to report its next earnings on approximately 2026-05-06. Consensus expects EPS of $2.83 and revenue of $638M. Over recent quarters, LFUS has beaten EPS estimates 75% of the time.
07How much free cash flow does Littelfuse, Inc. generate?
Littelfuse, Inc. (LFUS) generated $366M in free cash flow over the trailing twelve months — a free cash flow margin of 15.3%. LFUS returns capital to shareholders through dividends (0.7% yield) and share repurchases ($28M TTM).