Filing Flows › Diodes (DIOD) › Q3 2026 › vs Q2 2026
Diodes (DIOD) Q3 2026 vs Q2 2026 (quarter over quarter)
Diodes's revenue rose $87.1M (+20%) from $446M in Q2 2026 to $533M in Q3 2026. The biggest changes: Distributor +$75.2M (+27%); Direct Sales +$11.8M (+7%). Gross margin 36.1% against 33.1% (+3.0 pts).
Diodes, Q3 2026: revenue $533M (+36% year over year), operating margin 11.9%, net earnings $43.7M, operating cash flow $97.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 36.1% | 33.1% | +3.0 pts |
| Operating margin | 11.9% | 7.5% | +4.4 pts |
| Net margin | 8.2% | 10.5% | -2.3 pts |
| Free cash flow margin | 8.2% | 7.8% | +0.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Distributor | $358M | $283M | $75.2M | +27% |
| Direct Sales | $174M | $162M | $11.8M | +7% |
| Revenue | $533M | $446M | $87.1M | +20% |
| Gross profit | $192M | $148M | $44.9M | +30% |
| Cost of revenue | $340M | $298M | $42.2M | +14% |
| Operating profit | $63.4M | $33.3M | $30.1M | +90% |
| Operating expenses | $129M | $114M | $14.8M | +13% |
| Pre-tax earnings | $60.6M | $55.6M | $5.0M | +9% |
| Other expense, net | $2.8M | −$22.3M | $25.1M | — |
| Research & development | $43.9M | $40.7M | $3.2M | +8% |
| SG&A | $80.2M | $69.8M | $10.4M | +15% |
| Other operating costs | $5.0M | $3.8M | $1.1M | +29% |
| Net earnings | $43.7M | $46.6M | −$2.9M | -6% |
| Minority interests | $2.8M | $2.1M | $697K | +33% |
| Income tax | $14.1M | $6.8M | $7.2M | +106% |
| Depreciation & amortization | $35.9M | $35.2M | $683K | +2% |
| Share-based compensation | $9.4M | $11.3M | −$1.9M | -17% |
| Working capital & other | $8.1M | −$24.7M | $32.8M | — |
| Operating cash flow | $97.2M | $68.5M | $28.7M | +42% |
| Free cash flow (OCF − capex) | $43.9M | $34.8M | $9.1M | +26% |
| Capital expenditures | $53.2M | $33.6M | $19.6M | +58% |
Questions
How much did Diodes's revenue grow quarter over quarter in Q3 2026?
Diodes's revenue rose $87.1M (+20%) from $446M in Q2 2026 to $533M in Q3 2026.
What drove Diodes's revenue change in Q3 2026?
Distributor +$75.2M (+27%); Direct Sales +$11.8M (+7%).