Diodes Q1 revenue beats analyst estimates, lifts Q2 outlook

Diodes Incorporated

07/05/2026 22:07

Overview

Semiconductor maker's preliminary Q1 revenue rose 22% yr/yr, beating analyst expectations

Adjusted EPS for preliminary Q1 more than doubled yr/yr and beat analyst expectations

Company cites strong demand in automotive and industrial markets, especially in Europe

Outlook

Diodes expects Q2 2026 revenue of $435 mln, plus or minus 3%

Company sees Q2 2026 GAAP gross margin at 32.8%, plus or minus 1%

Diodes forecasts Q2 2026 non-GAAP EPS of $0.60, plus or minus $0.10

Result Drivers

AUTOMOTIVE AND INDUSTRIAL DEMAND - Co said higher revenue was driven by solid demand recovery in automotive and industrial applications, with Europe leading growth

MARGIN IMPROVEMENT - Gross margin rose mainly due to higher revenue from automotive and industrial markets and improved utilization

GROWTH INITIATIVES - Content expansion, design win momentum and new product introductions cited as ongoing growth drivers

Company press release: ID:nBw5df736a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$405.47 mln
$395.01 mln (3 Analysts)
Q1 Adjusted EPS
Beat
$0.43
$0.34 (3 Analysts)
Q1 EPS
$0.32
Q1 Net Income
$14.96 mln
Q1 EBIT
$19.77 mln
Q1 Gross Profit
$128.79 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Diodes Inc is $98.00, about 15.6% below its May 6 closing price of $116.05

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)