Recent Updates — LFUS
Littelfuse, Inc. entered into an Amended Share Purchase Agreement and Supply and Services Agreement with Elmos Semiconductor SE and Dortmund Semiconductor GmbH on September 15, 2026. The amendment modifies the existing arrangement for a 200mm wafer fab facility in Dortmund, Germany, originally acquired in 2023. Key changes include the release of cross-guarantees by Littelfuse entities, modified transfer restrictions, and updated commercial terms to enhance strategic flexibility. In consideration, Littelfuse will pay Elmos a one-time amendment fee of €24.6 million, recorded in the third quarter of 2026. This move supports the company's semiconductor strategy by optimizing asset utilization through 2029. Littelfuse operates in the electronics industry, specializing in electrical protection devices and sensors.
Littelfuse announced that Senior Vice President Deepak Nayar will transition from his role as General Manager of the Electronics Business to Special Advisor to the CEO on January 1, 2027, with a final retirement date at the end of 2027. Dr. Karim Hamed will assume leadership of the combined Electronics and Semiconductor businesses under the CCDI Market & Electronics Segment title. Nayar’s advisory compensation includes equal monthly payments totaling $1,004,220 for the advisory term, comprising his base salary and target annual incentive award, alongside accelerated vesting for outstanding long-term incentive awards. Littelfuse is a diversified industrial technology manufacturing company that designs and delivers innovative solutions for electrical energy transfer across industrial, transportation, and electronics markets.
Littelfuse, Inc. appointed Todd Kelsey to its Board of Directors effective August 6, 2026, increasing board membership from eight to nine members. Mr. Kelsey, currently President and CEO of Plexus Corp., was also named to the Compensation Committee and designated as an independent director under Nasdaq standards. He will receive compensation consistent with non-employee director practices, including a pro-rated restricted stock unit award. Littelfuse is a diversified industrial technology manufacturing company that designs and delivers innovative electrical solutions for global markets.
Littelfuse, Inc. reported second quarter 2026 results with net sales of $739 million, a 20% year-over-year increase driven by organic growth and the Basler acquisition. GAAP diluted earnings per share reached $3.49, while adjusted diluted EPS was $4.19. The company generated $146 million in operating cash flow and $127 million in free cash flow. Management provided third quarter guidance projecting net sales between $780 million and $800 million and adjusted diluted EPS of $4.85 to $5.05. Additionally, the board declared a quarterly cash dividend of $0.80 per share, payable on September 3, 2026, to shareholders of record as of August 20, 2026. Littelfuse is an industrial technology manufacturing company that designs and delivers innovative electrical protection and control solutions.