DIODES INC /DEL/

Diodes Incorporated announced it will acquire Elevate Semiconductor, Inc. for a base purchase price of $250 million in an all-cash transaction. The deal includes potential earnout payments of up to $50 million based on future revenue and gross margin targets. This acquisition aims to expand Diodes' analog and mixed-signal portfolio and increase penetration in the Automated Test Equipment (ATE) market. The transaction is expected to be immediately accretive to Diodes' financials and add approximately $50 million in revenue in the first year post-close, with revenue projected to grow at a CAGR of over 20% for the next four years.

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.

Diodes Incorporated announced that Dr. Keh-Shew Lu voluntarily resigned from its Board of Directors, effective immediately, after receiving more "withheld" votes than "for" votes for his re-election at the 2026 Annual Meeting of Stockholders. Dr. Lu, who served the company for over 25 years, will remain as Special Advisor to the CEO. Following his resignation, the Board appointed Ms. Angie Chen Button as the new Chairwoman. Stockholders also approved executive compensation and ratified PricewaterhouseCoopers LLP as the independent auditor for 2026.

Diodes Incorporated reported strong first-quarter 2026 results, with net sales increasing by 22.1% to $405.5 million. The company swung to a net income attributable to common stockholders of $15.0 million, or $0.33 per basic share, compared to a net loss in the prior year. Operating income also saw a substantial increase, reflecting improved operational performance.

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.

Diodes Incorporated announced it will host a conference call to discuss its first quarter 2026 financial results. The call is scheduled for Thursday, May 7, 2026, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). President and Chief Executive Officer Gary Yu will participate in the call.