Quarterly ResultAug 5, 2026, 05:07 PM
Diodes Q2 Revenue $445.5M, Non-GAAP EPS $0.70; Strong Q3 Outlook
AI Summary
Diodes Incorporated reported strong financial results for the second quarter ended June 30, 2026, with revenue increasing over 20% year-over-year to $445.5 million and non-GAAP EPS more than doubling to $0.70. The company also provided an optimistic outlook for the third quarter, projecting revenue of approximately $510 million and non-GAAP adjusted EPS of $1.05. Additionally, Diodes highlighted its progress towards 3-year financial goals and mentioned the ongoing proposed acquisition of ElevATE Semiconductor.
Key Highlights
- Q2 2026 revenue reached $445.5 million, an increase of 21.7% year-over-year and 9.9% quarter-over-quarter.
- Q2 2026 non-GAAP diluted EPS was $0.70, up 118.8% from $0.32 in Q2 2025.
- Q2 2026 GAAP gross profit margin improved to 33.1%, a 160 basis point increase year-over-year.
- Q3 2026 revenue is projected to be approximately $510 million, representing 30% YoY growth.
- Q3 2026 non-GAAP adjusted EPS is expected to be $1.05, with GAAP gross margin at 35.0%.
- The proposed acquisition of ElevATE Semiconductor is expected to close in late 2026, adding ~$50M revenue.
- Generated $68.5 million in cash flow from operations and $34.8 million in free cash flow.
- Repurchased $10.0 million of stock under the buyback program.
Price Impact
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