{"data":{"ticker":"BDC","slug":"belden","name":"Belden","exchange":"NYSE","sector":"Technology","headquarters":"Saint Louis, MO","ceo":"Ashish Chand","employees":8000,"website":"https://www.belden.com","founded":"1902","layers":[{"slug":"networking","name":"Networking & Optics"}],"exposure":{"score":32,"tier":"Growing","rationale":"Belden supplies the cabling and connectivity that physically wire data centers, with management flagging hyperscale and AI facilities as a growth vector. The thesis depends mostly on industrial automation and enterprise network spending, keeping AI a modest though genuine slice."},"quote":{"price":107.44,"change24hPct":1.65,"change7dPct":4.32,"change30dPct":-4.46,"change1yPct":-8.43,"high52w":150.72,"low52w":99.48,"marketCap":4200906752,"peRatio":24.14,"eps":4.45,"volume24h":57104360},"nextEarningsDate":"2026-10-29","summary":"Belden makes the cables, connectors, and networking hardware that carry signals and power through industrial and enterprise facilities. It sells through two segments: automation solutions for factories, energy, and process industries, and smart infrastructure for buildings, broadband networks, and data centers.","explainer":["Belden makes the cables, connectors, and networking hardware that carry signals and power through industrial and enterprise facilities. It sells through two segments: automation solutions for factories, energy, and process industries, and smart infrastructure for buildings, broadband networks, and data centers.","The portfolio spans copper and fiber cabling, Hirschmann industrial networking gear, and signal connectivity products, increasingly sold as complete solutions rather than spools of cable. For the AI buildout, the relevant line is structured cabling and fiber for data centers, where hyperscale construction creates demand for the physical wiring under every rack.","Founded in 1902 and headquartered in Saint Louis, Missouri, Belden employs about 8,000 people and trades on the NYSE."],"buildoutRole":"Belden sits in the Networking layer of the buildout, at its most physical level. Before any AI cluster runs, data centers need enormous runs of fiber and copper cabling, patch panels, and connectivity hardware, and Belden supplies that layer alongside its industrial networking core. Management has flagged hyperscale and AI data center cabling as a growth vector, but the business remains weighted to factory automation and enterprise infrastructure, which keeps its buildout exposure modest.","faq":[{"q":"What does Belden do?","a":"Belden manufactures cables, connectors, and networking equipment for industrial automation and enterprise infrastructure. Its products wire factories, utilities, broadcast facilities, commercial buildings, and data centers, spanning copper and fiber cabling through Hirschmann-branded industrial networking hardware."},{"q":"How is Belden exposed to AI?","a":"Belden sells the physical cabling and connectivity that wire data centers, and management points to hyperscale and AI facilities as a growth vector. Supercycle rates it Growing with an AI Exposure Score of 32 out of 100, since industrial and enterprise markets drive most of the business."},{"q":"Who leads Belden?","a":"Ashish Chand serves as CEO of Belden. The company traces its history to 1902, making it one of the oldest names in signal transmission, and is headquartered in Saint Louis, Missouri, with about 8,000 employees."},{"q":"Is BDC a pure play AI stock?","a":"No. Supercycle classifies Belden as Growing, near the Peripheral boundary. Data center cabling is a genuine but modest slice of a business built on industrial automation and enterprise networks, so results follow factory and construction spending more than AI capex."}],"history1y":[{"date":"2026-09-22","close":113.02},{"date":"2026-09-23","close":114.13},{"date":"2026-09-24","close":110.8},{"date":"2026-09-25","close":112.45},{"date":"2026-09-28","close":109.82},{"date":"2026-09-29","close":109.25},{"date":"2026-09-30","close":107.93},{"date":"2026-10-01","close":108.28},{"date":"2026-10-02","close":112.46},{"date":"2026-10-05","close":111.35},{"date":"2026-10-06","close":113.21},{"date":"2026-10-07","close":109.41},{"date":"2026-10-08","close":107.94},{"date":"2026-10-09","close":109.15},{"date":"2026-10-12","close":105.29},{"date":"2026-10-13","close":108.44},{"date":"2026-10-14","close":104.03},{"date":"2026-10-15","close":104.22},{"date":"2026-10-16","close":102.83},{"date":"2026-10-19","close":103.67},{"date":"2026-10-20","close":105.35},{"date":"2026-10-21","close":107.78},{"date":"2026-10-22","close":103.46},{"date":"2026-10-23","close":104.15},{"date":"2026-10-26","close":102.99},{"date":"2026-10-27","close":107.48},{"date":"2026-10-28","close":106.66},{"date":"2026-10-29","close":107.48},{"date":"2026-10-30","close":105.7},{"date":"2026-11-02","close":107.44}],"incomeStatements":[{"ticker":"BDC","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":2715194000,"cost_of_revenue":1684022000,"gross_profit":1031172000,"operating_expense":0,"operating_income":315692000,"net_income":237522000,"earnings_per_share":5.91,"earnings_per_share_diluted":5.91,"research_and_development":128758000,"selling_general_and_administrative_expenses":533366000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"BDC","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":2460979000,"cost_of_revenue":1538757000,"gross_profit":922222000,"operating_expense":0,"operating_income":266460000,"net_income":198433000,"earnings_per_share":4.8,"earnings_per_share_diluted":4.8,"research_and_development":112365000,"selling_general_and_administrative_expenses":494603000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"BDC","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":2512084000,"cost_of_revenue":1557118000,"gross_profit":954966000,"operating_expense":0,"operating_income":305462000,"net_income":242759000,"earnings_per_share":5.66,"earnings_per_share_diluted":5.66,"research_and_development":116427000,"selling_general_and_administrative_expenses":492702000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"BDC","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":2606485000,"cost_of_revenue":1690196000,"gross_profit":916289000,"operating_expense":0,"operating_income":325443000,"net_income":254663000,"earnings_per_share":5.72,"earnings_per_share_diluted":5.72,"research_and_development":104350000,"selling_general_and_administrative_expenses":448636000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"BDC","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":3543621000,"current_assets":1349380000,"cash_and_equivalents":389887000,"total_liabilities":2279197000,"current_liabilities":697499000,"total_debt":1402184000,"shareholders_equity":1264424000,"retained_earnings":1405572000},{"ticker":"BDC","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":3327938000,"current_assets":1196229000,"cash_and_equivalents":370302000,"total_liabilities":2033202000,"current_liabilities":622704000,"total_debt":1251235000,"shareholders_equity":1294736000,"retained_earnings":1176036000},{"ticker":"BDC","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":3240191000,"current_assets":1456979000,"cash_and_equivalents":597044000,"total_liabilities":2073889000,"current_liabilities":633504000,"total_debt":1298097000,"shareholders_equity":1166257000,"retained_earnings":985807000},{"ticker":"BDC","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":3161675000,"current_assets":1536207000,"cash_and_equivalents":687676000,"total_liabilities":2017725000,"current_liabilities":639919000,"total_debt":1237259000,"shareholders_equity":1143011000,"retained_earnings":751522000}],"holders13f":[{"slug":"ray-dalio","personName":"Ray Dalio","fundName":"Bridgewater Associates","value":1081828,"portfolioPct":0.00004438070888321547,"change":"new","period":"2026-06-30"}],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:50.054Z","tier":"free","source":"https://supercyclehq.com/stock/belden","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/BDC","html":"https://supercyclehq.com/stock/belden","md":"https://supercyclehq.com/stock/belden.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}