Key Highlights

  • Diodes will publish third-quarter 2026 results on 5 November 2026.
  • Second-quarter Revenue was USD 445.5 million, up about 22 per cent year on year, with non-GAAP Earnings Per Share of USD 0.70.
  • Third-quarter guidance is revenue of about USD 510 million, GAAP gross Margin of 35.0 per cent and non-GAAP earnings per share of USD 1.05.

Third-quarter results are dated

Diodes Incorporated (NASDAQ:DIOD), a maker of discrete, analogue and power semiconductors, has announced that it will publish third-quarter 2026 financial results on 5 November 2026. The date gives a fixed point against which to test the guidance issued in August.

Second-quarter results

The most recent reported quarter is the second quarter of 2026, released on 5 August. Revenue was USD 445.5 million, up about 22 per cent from USD 366.2 million a year earlier and about 10 per cent from USD 405.5 million in the first quarter. GAAP gross margin was 33.1 per cent, against 31.5 per cent a year earlier and 31.8 per cent in the previous quarter.

GAAP Net Income was USD 46.6 million, or USD 1.00 per diluted share, including an USD 18.7 million gain on investments that the non-GAAP measure excludes. Non-GAAP adjusted net income was USD 32.5 million, or USD 0.70 per share, against USD 0.32 a year earlier. EBITDA was USD 83.5 million, an 18.7 per cent margin, below the 23.1 per cent recorded a year earlier.

The gap between GAAP and non-GAAP earnings per share is therefore driven mostly by the Investment gain, and the non-GAAP figure is the cleaner indicator of operating performance.

Cash flow and balance sheet

Operating Cash Flow was USD 68.5 million and Capital Expenditure USD 33.6 million, leaving free cash flow of USD 34.8 million. The company bought back USD 10.0 million of stock.

The chief executive said cost and operating initiatives taken during the market slowdown were producing measurable benefits to gross margin and the bottom line. Management pointed to growth across all regions and to automotive, industrial and AI server-related applications, and disclosed a proposed Acquisition of ElevATE Semiconductor, which a later company headline described as completed.

Guidance, not a result

For the third quarter, the company guided to revenue of about USD 510 million, plus or minus 3 per cent, GAAP gross margin of 35.0 per cent, plus or minus 1 percentage point, and non-GAAP adjusted earnings per share of USD 1.05, plus or minus USD 0.10. This is a forecast.

Second-quarter GAAP operating expenses were USD 114.3 million, and the release gave no Operating Expense guidance, so any change in costs will determine how much of that Gross Profit reaches earnings.

What to watch on 5 November

Measurable markers include revenue against the USD 510 million guide, gross margin relative to the 35 per cent target, and whether non-GAAP earnings per share land within the USD 0.95 to USD 1.15 range implied by the guidance. Free cash flow is also relevant, as capital spending competes with buybacks, as are any contribution from the ElevATE acquisition and the commentary on automotive and AI server demand.