Filing Flows › Diodes (DIOD) › Q2 2026 › vs Q2 2025
Diodes (DIOD) Q2 2026 vs Q2 2025 (year over year)
Diodes's revenue rose $79.3M (+22%) from $366M in Q2 2025 to $446M in Q2 2026. The biggest changes: Distributor +$47.1M (+20%); Direct Sales +$32.3M (+25%). Gross margin 33.1% against 31.5% (+1.6 pts).
Diodes, Q2 2026: revenue $446M (+22% year over year), operating margin 7.5%, net earnings $46.6M, operating cash flow $68.5M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 33.1% | 31.5% | +1.6 pts |
| Operating margin | 7.5% | 2.6% | +4.9 pts |
| Net margin | 10.5% | 12.6% | -2.1 pts |
| Free cash flow margin | 7.8% | 5.8% | +2.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Distributor | $283M | $236M | $47.1M | +20% |
| Direct Sales | $162M | $130M | $32.3M | +25% |
| Revenue | $446M | $366M | $79.3M | +22% |
| Gross profit | $148M | $115M | $32.2M | +28% |
| Cost of revenue | $298M | $251M | $47.1M | +19% |
| Other income, net | $22.3M | $43.8M | −$21.5M | -49% |
| Operating profit | $33.3M | $9.4M | $23.9M | +255% |
| Operating expenses | $114M | $106M | $8.3M | +8% |
| Pre-tax earnings | $55.6M | $53.2M | $2.4M | +4% |
| Research & development | $40.7M | $40.5M | $114K | +0.3% |
| SG&A | $69.8M | $59.5M | $10.3M | +17% |
| Other operating costs | $3.8M | $5.9M | −$2.1M | -35% |
| Net earnings | $46.6M | $46.1M | $551K | +1% |
| Minority interests | $2.1M | −$1.9M | $4.1M | — |
| Income tax | $6.8M | $9.1M | −$2.2M | -24% |
| Depreciation & amortization | $35.2M | $35.9M | −$662K | -2% |
| Share-based compensation | $11.3M | $5.8M | $5.5M | +95% |
| Working capital & other | $24.7M | $46.3M | −$21.6M | -47% |
| Operating cash flow | $68.5M | $41.5M | $27.0M | +65% |
| Free cash flow (OCF − capex) | $34.8M | $21.1M | $13.8M | +65% |
| Capital expenditures | $33.6M | $20.4M | $13.2M | +64% |
Questions
How much did Diodes's revenue grow year over year in Q2 2026?
Diodes's revenue rose $79.3M (+22%) from $366M in Q2 2025 to $446M in Q2 2026.
What drove Diodes's revenue change in Q2 2026?
Distributor +$47.1M (+20%); Direct Sales +$32.3M (+25%).