Filing Flows › Diodes (DIOD) › Q3 2026 › vs Q3 2025
Diodes (DIOD) Q3 2026 vs Q3 2025 (year over year)
Diodes's revenue rose $140M (+36%) from $392M in Q3 2025 to $533M in Q3 2026. The biggest changes: Distributor +$98.4M (+38%); Direct Sales +$42.0M (+32%). Gross margin 36.1% against 30.7% (+5.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 36.1% | 30.7% | +5.4 pts |
| Operating margin | 11.9% | 3.0% | +9.0 pts |
| Net margin | 8.2% | 3.6% | +4.6 pts |
| Free cash flow margin | 8.2% | 16.0% | -7.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Distributor | $358M | $260M | $98.4M | +38% |
| Direct Sales | $174M | $132M | $42.0M | +32% |
| Revenue | $533M | $392M | $140M | +36% |
| Gross profit | $192M | $120M | $72.0M | +60% |
| Cost of revenue | $340M | $272M | $68.4M | +25% |
| Operating profit | $63.4M | $11.6M | $51.8M | +448% |
| Operating expenses | $129M | $109M | $20.1M | +18% |
| Pre-tax earnings | $60.6M | $19.0M | $41.6M | +219% |
| Other expense, net | $2.8M | −$7.5M | $10.3M | — |
| Research & development | $43.9M | $41.9M | $2.0M | +5% |
| SG&A | $80.2M | $60.5M | $19.7M | +33% |
| Other operating costs | $5.0M | $6.6M | −$1.6M | -24% |
| Net earnings | $43.7M | $14.3M | $29.4M | +206% |
| Minority interests | $2.8M | $1.2M | $1.6M | +135% |
| Income tax | $14.1M | $3.6M | $10.5M | +296% |
| Depreciation & amortization | $35.9M | $36.7M | −$794K | -2% |
| Share-based compensation | $9.4M | $6.8M | $2.6M | +38% |
| Working capital & other | $8.1M | $21.3M | −$13.2M | -62% |
| Operating cash flow | $97.2M | $79.1M | $18.0M | +23% |
| Free cash flow (OCF − capex) | $43.9M | $62.8M | −$18.9M | -30% |
| Capital expenditures | $53.2M | $16.3M | $36.9M | +226% |
Questions
How much did Diodes's revenue grow year over year in Q3 2026?
Diodes's revenue rose $140M (+36%) from $392M in Q3 2025 to $533M in Q3 2026.
What drove Diodes's revenue change in Q3 2026?
Distributor +$98.4M (+38%); Direct Sales +$42.0M (+32%).