Revenue: As of FY2026 Q1, the actual value is USD 405.47 M, beating the estimate of USD 395 M.EPS: As of FY2026 Q1, the actual value is USD 0.32, beating the estimate of USD 0.24.EBIT: As of FY2026 Q1, the actual value is USD 15 M.<h4>Net Income</h4>GAAP net income for the first quarter of 2026 (1Q26) was $15.0 million, a significant improvement from $10.2 million in the fourth quarter of 2025 (4Q25) and - $4.4 million in the first quarter of 2025 (1Q25) . Non-GAAP net income for 1Q26 was $19.8 million, up from $15.4 million in 4Q25 and $8.8 million in 1Q25 . Diodes Incorporated delivered an over 100% year-over-year increase in quarterly earnings .<h4>Gross Profit and Margin</h4>GAAP gross profit for 1Q26 was $128.8 million, up from $121.9 million in 4Q25 and $104.7 million in 1Q25 . The GAAP gross profit margin for 1Q26 was 31.8%, compared to 31.1% in 4Q25 and 31.5% in 1Q25 . Gross margin improved 70 basis points sequentially, primarily due to higher revenue contribution from the automotive and industrial markets and improving utilization .<h4>Operating Expenses</h4>GAAP operating expenses for 1Q26 were $109.0 million, or 26.9% of revenue . Non-GAAP operating expenses were $103.9 million, or 25.6% of revenue, excluding $3.9 million in acquisition-related intangible asset costs and $1.1 million in board/officer retirement expense . In 1Q25, GAAP operating expenses were $103.4 million, or 31.1% of revenue .<h4>Cash Flow</h4>Cash flow from operations for 1Q26 was $64.3 million, compared to $38.1 million in 4Q25 and $56.7 million in 1Q25 . Cash flow from operations for 1Q26 represented 15.9% of revenue . Free cash flow for 1Q26 was $32.4 million, which includes $31.9 million of capital expenditures . Net cash flow was a positive $26.9 million .<h4>EBITDA</h4>Non-GAAP EBITDA for 1Q26 was $49.4 million, higher than $41.9 million in 4Q25 and $26.2 million in 1Q25 . EBITDA for 1Q26 represented 12.2% of revenue, compared to 10.7% of revenue in 4Q25 and 7.9% of revenue in 1Q25 .<h4>Balance Sheet Highlights (as of March 31, 2026)</h4>Cash and cash equivalents, restricted cash, and short-term investments totaled $409 million . Inventory stood at $493 million . Total current assets were $1,303 million . Total assets amounted to $2,498 million . Total debt was $55 million . Total liabilities were $547 million . Total equity reached $1,951 million . Working capital was approximately $891 million .<h4>Operational Metrics</h4>For fiscal year 2025 (FY 2025), Diodes Incorporated reported annual revenue of $1.48 billion . The company has approximately 8,000 employees, ships over 28,000 unique products (SKU), and serves more than 50,000 customers . In FY 2025, 42% of product revenue was derived from the automotive and industrial sectors . In 1Q26, the automotive and industrial segments combined for 44% of product revenue, with year-over-year increases of 32% in automotive and 31% in industrial . Diodes Incorporated has been in business for 67 years and has achieved 34 consecutive years of profitability . The company’s annual revenue and gross profit have both shown a Compound Annual Growth Rate (CAGR) of 10% from 2005 to 2025 . The first quarter of 2026 represents the fifth consecutive quarter of double-digit year-over-year growth . Revenue growth was led by Europe, driven by increased opportunities and orders from automotive customers and improved demand across broad industrial applications .<h4>Outlook / Guidance (Second Quarter 2026)</h4>Diodes Incorporated expects revenue for the second quarter of 2026 to be approximately $435 million, plus or minus 3 percent, representing an 18.8% growth over the prior year period and a 7.3% sequential increase at the mid-point . GAAP gross margin is anticipated to be 32.8%, plus or minus 1 percent , and non-GAAP adjusted EPS is projected to be $0.60, plus or minus $0.10 . The company’s 3-year targets for 2028 include $2 billion in revenue, $700 million in gross profit, a gross margin of 35%+, and non-GAAP EPS of $4.00+ .

Diodes | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 405.47 M