Quarterly ResultMay 12, 2026, 05:02 PM
Diodes Q1 Revenue $405.5M, Non-GAAP EPS $0.43; Q2 Rev Guidance $435M
AI Summary
Diodes Incorporated reported strong first quarter 2026 financial results, with revenue reaching $405.5 million, marking a 22.1% year-over-year and 3.5% sequential increase. Non-GAAP adjusted diluted EPS was $0.43, up from $0.19 in the prior year quarter. The growth was driven by solid demand recovery in automotive, industrial, and AI-server related applications, particularly in Europe, leading to improved gross margin of 31.8%. For the second quarter of 2026, the company expects revenue of approximately $435 million and non-GAAP adjusted EPS of $0.60.
Key Highlights
- Q1 2026 revenue was $405.5 million, up 22.1% year-over-year and 3.5% sequentially.
- Q1 2026 GAAP net income was $15.0 million, or $0.32 per diluted share.
- Q1 2026 non-GAAP adjusted net income was $19.8 million, or $0.43 per diluted share.
- Gross profit for Q1 2026 was $128.8 million, representing 31.8% of revenue.
- Automotive and industrial markets combined for 44% of product revenue in Q1.
- Cash flow provided by operations was $64.3 million for the first quarter.
- Q2 2026 revenue is expected to be approximately $435 million, plus or minus 3%.
- Q2 2026 non-GAAP adjusted EPS is expected to be $0.60, plus or minus $0.10.
Price Impact
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