Diodes Incorporated Reports Third Quarter 2026 Financial Results
Business Wire•05/11/2026•16:05 ET
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Key Highlights
- ➤Revenue $532.6 million, up 35.8% year over year and 19.5% sequentially
- ➤Non-GAAP EPS $1.18, up 219% year over year and 68.6% sequentially
- ➤GAAP gross margin 36.1%, expanding 540 basis points year over year
- ➤Fourth-quarter revenue forecast approximately $550 million, plus or minus 3%
- ➤Fourth-quarter non-GAAP adjusted EPS forecast $1.35, plus or minus $0.10
Expert Statements
Gary Yu, President and CEO of Diodes Incorporated
“Our third quarter revenue reached record levels coupled with an over 500-basis point year-over-year increase in gross margin to 36.1%, driving significant expansion in non-GAAP earnings. Global POS was also a record in the quarter, increasing more than 30% year-over-year. Our sequential revenue growth of more than 19% was primarily driven by record automotive revenue from continued market share gains, stronger demand across broad industrial applications, and sustained momentum in AI ecosystem applications that contributed to record revenue in the computing market. Underpinning this growth is the benefit of the targeted investments we made in capacity expansion over the past year coming online. The resulting increase in loading at our manufacturing facilities also benefited gross margin along with product mix and pricing improvements.”
Gary Yu, President and CEO of Diodes Incorporated
“Based on our current projections for continued growth in the fourth quarter, we expect full year revenue to increase approximately 30% over 2025 at the mid-point. In addition to being well above our historical CAGR of 10%, we continue to see strong demand momentum resulting from our new product initiatives, market share gains as well as increasing content at customers. This anticipated sequential growth is once again coupled with further non-GAAP gross margin expansion of 80 basis points sequentially to 37.0% at the mid-point and increasing earnings leverage as well as strong cash flow generation.”
Gary Yu, President and CEO of Diodes Incorporated
“For the fourth quarter of 2026, we expect to extend our strong growth momentum with revenue expected to increase to approximately $550 million, plus or minus 3%, representing a 40.4% increase year-over-year and a 3.2% increase sequentially at the mid-point. Non-GAAP gross margin is expected to expand to 37.0%, plus or minus 1%. Non-GAAP adjusted EPS is expected to be $1.35, plus or minus $0.10.”
Diodes Incorporated Reports Third Quarter 2026 Financial Results
Achieves Record Quarterly Revenue with 36% YoY Growth; Non-GAAP EPS Increases over 200%
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