Quarterly ResultAug 12, 2026, 06:07 AM
Diodes Q2 Revenue $445.5M, +22% YoY; Q3 Guidance Strong
AI Summary
Diodes Incorporated reported strong second quarter 2026 financial results, with revenue increasing 22% year-over-year to $445.5 million and non-GAAP diluted EPS more than doubling to $0.70. The company highlighted its proposed acquisition of ElevATE Semiconductor, which is expected to be immediately accretive and add approximately $50 million in revenue in the first 12 months post-close with higher gross margins. Diodes also provided robust third quarter 2026 guidance, projecting revenue of $510 million and non-GAAP adjusted EPS of $1.05, driven by continued demand in automotive, industrial, and AI server-related applications.
Key Highlights
- Q2 2026 revenue was $445.5 million, up 22% year-over-year and 10% sequentially.
- Q2 2026 non-GAAP diluted EPS was $0.70, more than double the prior year's $0.32.
- Q2 2026 GAAP gross profit was $147.6 million, representing 33.1% of revenue.
- Automotive revenue reached a record 21% of total product revenue in Q2 2026.
- Proposed acquisition of ElevATE Semiconductor expected to add $50 million revenue in 12 months.
- Q3 2026 revenue guidance is $510 million, representing 30% YoY and 14% sequential increase.
- Q3 2026 non-GAAP adjusted EPS guidance is $1.05, with GAAP gross margin expected at 35%.
Price Impact
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