DIOD DIODES INC /DEL/
Price Chart
Executive Summary
Diodes reported Q1 2026 results with revenue of $405.5M (+22.1% YoY) and non-GAAP EPS of $0.43, a 126% YoY increase from $0.19. The company guided Q2 2026 revenue to ~$435M (+/-3%) and non-GAAP EPS of $0.60 (+/-$0.10), implying 18.8% YoY revenue growth and continued margin expansion. The strong beat on the prior quarter's guidance and raised sequential outlook signal sustained demand recovery in automotive, industrial, and AI-server markets.
Key Financial Metrics
Actionable Insight
The strong Q1 beat and above-seasonal Q2 guidance confirm the demand recovery thesis in automotive, industrial, and AI infrastructure. With 5 consecutive quarters of double-digit YoY growth and expanding margins, the stock should re-rate higher. Monitor the Q2 earnings call for updates on fab utilization ramp (Scotland/South Portland) and further margin expansion toward the 3-year targets of $2B revenue and $4+ non-GAAP EPS.
Key Facts
- Q1 2026 revenue $405.5M, +22.1% YoY and +3.5% sequentially, above typical seasonal decline of 5%
- Non-GAAP EPS $0.43, up from $0.19 YoY (+126%) and $0.34 in Q4 2025
- GAAP gross margin 31.8%, up 70 bps sequentially and 30 bps YoY
- Q2 2026 guidance: revenue ~$435M (+/-3%), GAAP gross margin 32.8% (+/-1%), non-GAAP EPS $0.60 (+/-$0.10)
- Automotive + industrial combined 44% of product revenue, up 2 ppts sequentially
- Operating cash flow $64.3M, free cash flow $32.4M; cash + short-term investments $409M, total debt $55M
- Fifth consecutive quarter of double-digit YoY revenue growth; highest % increase since Q4 2021
Financial Impact
Revenue beat prior guidance midpoint of ~$422M by 3.5%; Q2 guidance midpoint of $435M implies 18.8% YoY growth and 7.3% sequential growth
Risk Factors
- Cyclical semiconductor downturn could reverse demand recovery
- Customer qualification timelines for new fabs may extend into 2027-2028, delaying utilization improvements
- Foreign currency losses ($3.4M in Q1) and equity investment impairments could persist
- Memory shortage and softer notebook/motherboard demand may weigh on computing segment
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-219765 |
| Document: diod-20260507.htm | 0001193125-26-219765 |
| Document: 0001193125-26-219765-index-headers.html | 0001193125-26-219765 |
| Document: 0001193125-26-219765-index.html | 0001193125-26-219765 |
| Document: 0001193125-26-219765.txt | 0001193125-26-219765 |
| 8-K Data (Synthetic) | 0001193125-26-219765 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
8d ago
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Insider Cluster
| $101.96 $101.06 | ▼ −0.88% | ▲ +1.87% | $103.51 (+1.52%) |
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May 27, 2026
13d ago
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Insider Cluster
| $109.89 $116.22 | ▼ −5.76% | ▼ −5.81% | $103.51 (+5.81%) |
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May 27, 2026
13d ago
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Insider Cluster
| $109.89 $112.50 | ▲ +2.38% | ▲ +2.06% | $103.51 (−5.81%) |
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May 21, 2026
19d ago
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Insider Cluster
| $96.30 $109.89 | ▲ +14.11% | ▲ +12.51% | $103.51 (+7.49%) |
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May 19, 2026
21d ago
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Insider Cluster
| $93.75 $106.85 | ▼ −13.97% | ▼ −11.72% | $103.51 (−10.41%) |
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May 12, 2026
28d ago
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8-K
| $101.96 $93.75 | ▼ −8.05% | ▼ −6.89% | $103.51 (+1.52%) |
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May 12, 2026
29d ago
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Insider Cluster
| $103.45 $93.75 | ▼ −9.38% | ▼ −8.78% | $103.51 (+0.06%) |
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Apr 16, 2026
7w ago
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8-K
| $94.84 $104.40 | ▲ +10.08% | ▲ +9.53% | $103.51 (+9.14%) |
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Apr 1, 2026
9w ago
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DEFA14A
| $68.58 $83.07 | ▲ +21.13% | ▲ +17.51% | $103.51 (+50.93%) |
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Mar 11, 2026
12w ago
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8-K
| $61.65 $67.11 | ▲ +8.86% | ▲ +9.84% | $103.51 (+67.90%) |
US Market Status
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