Filing Flows › Diodes (DIOD) › Q2 2026
Diodes (DIOD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Diodes (DIOD) reported revenue of $446M for the second quarter 2026 (Q2 2026), +22% from a year earlier and +10% from the quarter before. Operating margin was 7.5%, net earnings $46.6M (10.5% of revenue).
Diodes, Q2 2026: revenue $446M (+22% year over year), operating margin 7.5%, net earnings $46.6M, operating cash flow $68.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $446M | +10% | +22% |
| Gross profit | $148M | +15% | +28% |
| Operating profit | $33.3M | +68% | +255% |
| Net earnings | $46.6M | +212% | +1% |
| Operating cash flow | $68.5M | +6% | +65% |
| Free cash flow | $34.8M | +7% | +65% |
What changed
Revenue was $445.5M in Q2 2026, up 22% year over year and up 10% from the previous quarter. Distributor was the largest line at 64% of revenue. Distributor added $47.1M year over year (up 20%), 59% of the total change.
Gross margin was 33.1%, up 1.6 points from Q2 2025. Operating profit was $33.3M, a 7.5% margin (up 4.9 points year over year). Of the extra revenue versus Q2 2025, 30% reached operating profit, above the 3% margin then. Operating expenses grew 8% against revenue growth of 22%. The fastest-growing cost line was SG&A (+17%). Net earnings were $46.6M, up 1% year over year. The effective tax rate was 12.3%. Non-operating items added $22.3M, 40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $68.5M (up 65% year over year), 140% of net income including minority interests. Non-cash charges added back $35.2M of depreciation and amortization and $11.3M of share-based compensation. Working capital and other items used $26.8M. Capital expenditures of $33.6M left free cash flow of $34.8M.
Questions
What was Diodes' revenue in the second quarter 2026?
Diodes (DIOD) reported revenue of $446M for the second quarter 2026 (Q2 2026), +22% from a year earlier and +10% from the quarter before.
Was Diodes profitable in the second quarter 2026?
Operating profit was $33.3M (7.5% of revenue) and net earnings $46.6M.
Source: Diodes 10-Q on SEC EDGAR.