Description
Diodes Incorporated’s Hidden Momentum: 6 Quarters Of Double-Digit Growth Redefine The Story!
Diodes Incorporated reported first quarter 2026 revenue of $405.5 million, reflecting a 22.1% increase year-over-year and a 3.5% sequential rise, surpassing typical seasonal patterns. This marks the sixth consecutive quarter of double-digit annual growth, with notable strength in automotive, industrial, and AI server-related applications. European markets led the growth, driven primarily by automotive and industrial demand. Gross margin improved modestly by 70 basis points quarter-over-quarter to 31.8%, attributed primarily to favorable product mix and improved manufacturing utilization. Operating expenses on a GAAP basis rose to $109 million or 26.9% of revenue but declined as a percentage of sales compared to the prior year. Non-GAAP operating expenses were $103.9 million, excluding acquisition amortization and certain retirement costs. The company delivered a GAAP net income of $15 million, or $0.32 per diluted share, reversing a loss of $4.4 million in the prior year quarter and representing a sequential increase from $10.2 million.
