Diodes Q3 Revenue Jumps 35.8% to a Record $532.6 Million: Non-GAAP EPS Up 219%, Q4 Outlook Near $550 Million
Diodes Incorporated (Nasdaq: DIOD), based in Plano, Collin County, Texas, reported results on November 5 for the third quarter ended September 30, 2026. Revenue was $532.6 million, up 35.8% year over year and 19.5% sequentially, a quarterly record.
GAAP gross profit was $192.5 million, for a gross margin of 36.1%, up 540 basis points year over year. GAAP net income was $43.7 million, or $0.95 per diluted share, compared with $14.3 million, or $0.31, a year earlier. Non-GAAP adjusted net income was $54.5 million, or $1.18 per diluted share, up 219%. EBITDA was $89.7 million, or 16.8% of revenue. The company generated $97.2 million in operating cash flow and $43.9 million in free cash flow.
During the quarter, Diodes completed its acquisition of ElevATE Semiconductor, a provider of integrated circuits for the automated test equipment market, and issued $375 million in 0.00% convertible senior notes due 2031. As of September 30, the company held about $578 million in cash, equivalents, restricted cash and short-term investments, with total debt of about $405 million.
For the fourth quarter, the company expects revenue of about $550 million, plus or minus 3%, up about 40.4% year over year, a non-GAAP gross margin of about 37.0% and non-GAAP adjusted EPS of about $1.35.
President and CEO Gary Yu said third-quarter revenue reached record levels with gross margin up more than 500 basis points, global point-of-sale revenue also hit a record, and automotive revenue set a record amid stronger industrial demand and AI ecosystem momentum in computing. (Source: Diodes Incorporated)
Source: Diodes Incorporated
Published by GSM · USA (original Chinese edition)
Photo: 图：德克萨斯州 Plano 市中心车站，Diodes 总部所在城市。Michael Barera 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: Downtown Plano station in Texas, home city of Diodes' headquarters. By Michael Barera, CC BY-SA 4.0, via Wikimedia Commons.
