Diodes (DIOD) investor relations material

Executive summary

• First quarter 2026 revenue grew 22.1% year-over-year to $405.5 million, with EPS more than doubling compared to the prior year, driven by strong demand in automotive, industrial, and AI-server applications.

• Automotive and industrial segments contributed 44% of product revenue, leading growth and margin improvement.

• Gross margin improved to 31.8%, up 70 basis points sequentially, reflecting higher contributions from automotive and industrial markets.

• Net income reached $15.0 million (GAAP), reversing a net loss of $4.4 million in Q1 2025.

• Maintained a strong balance sheet with $409 million in cash and $891 million in working capital.

Financial highlights

• Q1 2026 revenue: $405.5 million, up 22.1% year-over-year and 3.5% sequentially.

• Gross profit: $128.8 million (31.8% margin), up from $104.7 million (31.5%) last year.

• GAAP net income: $15.0 million ($0.32/share); non-GAAP adjusted net income: $19.8 million ($0.43/share).

• EBITDA: $49.4 million (12.2% margin), up from $26.2 million (7.9%) last year.

• Cash flow from operations: $64.3 million; free cash flow: $32.4 million; CapEx: $31.9 million (7.9% of revenue).

Outlook and guidance

• Q2 2026 revenue expected at $435 million ±3%, up 18.8% year-over-year and 7.3% sequentially.

• GAAP gross margin guidance: 32.8% ±1%.

• Non-GAAP adjusted EPS guidance: $0.60 ±$0.10.

• Long-term targets include $2 billion annual revenue, $700 million gross profit, and over $4.00 non-GAAP EPS.

• Full-year effective tax rate expected at ~18% ±3%.