Filing Flows › Diodes (DIOD) › Q1 2026
Diodes (DIOD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Diodes (DIOD) reported revenue of $405M for the first quarter 2026 (Q1 2026), +22% from a year earlier and +4% from the quarter before. Operating margin was 4.9%, net earnings $15.0M (3.7% of revenue).
Diodes, Q1 2026: revenue $405M (+22% year over year), operating margin 4.9%, net earnings $15.0M, operating cash flow $64.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $405M | +4% | +22% |
| Gross profit | $129M | +6% | +23% |
| Operating profit | $19.8M | +50% | 15× |
| Net earnings | $15.0M | +47% | — |
| Operating cash flow | $64.3M | +69% | +13% |
| Free cash flow | $32.4M | +161% | -21% |
What changed
Revenue was $405.5M in Q1 2026, up 22% year over year and up 4% from the previous quarter.
Gross margin was 31.8%, up 0.2 points from Q1 2025. Operating profit was $19.8M, a 4.9% margin (up 4.5 points year over year). Of the extra revenue versus Q1 2025, 25% reached operating profit, above the 0% margin then. Operating expenses grew 5% against revenue growth of 22%. Net earnings were $15.0M. The effective tax rate was 19.9%.
Operating cash flow was $64.3M (up 13% year over year), 399% of net income including minority interests. Non-cash charges added back $35.2M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $5.4M. Capital expenditures of $31.9M left free cash flow of $32.4M.
Questions
What was Diodes' revenue in the first quarter 2026?
Diodes (DIOD) reported revenue of $405M for the first quarter 2026 (Q1 2026), +22% from a year earlier and +4% from the quarter before.
Was Diodes profitable in the first quarter 2026?
Operating profit was $19.8M (4.9% of revenue) and net earnings $15.0M.
Source: Diodes 10-Q on SEC EDGAR.