Quarterly ResultMay 7, 2026, 05:06 PM
Diodes Q1 Revenue +22% to $405.5M; Non-GAAP EPS $0.43, up 126% YoY
AI Summary
Diodes Incorporated reported strong first-quarter 2026 financial results, with revenue increasing 22% year-over-year to $405.5 million and non-GAAP diluted EPS rising 126% year-over-year to $0.43. The growth was driven by solid demand recovery in automotive, industrial, and AI-server related applications, with automotive and industrial markets contributing 44% of product revenue. The company also provided a positive outlook for the second quarter of 2026, expecting revenue of approximately $435 million and non-GAAP adjusted EPS of $0.60.
Key Highlights
- Q1 2026 revenue increased 22% year-over-year to $405.5 million.
- Non-GAAP diluted EPS rose 126% year-over-year to $0.43.
- GAAP net income was $15.0 million, compared to a GAAP net loss of $4.4 million in Q1 2025.
- GAAP gross profit margin improved to 31.8% from 31.5% in Q1 2025.
- Automotive and industrial markets accounted for 44% of product revenue.
- Generated $64.3 million in cash flow from operations and $32.4 million in free cash flow.
- Q2 2026 revenue guidance is approximately $435 million, representing 18.8% YoY growth.
- Q2 2026 non-GAAP adjusted EPS guidance is $0.60.