Diodes Incorporated posts Q1 2026 revenue of $405.5 million, up 22 percent year-over-year, prompting two firms to lift price targets.
Diodes Incorporated reported Q1 2026 revenue of $405.5 million, a 22 percent increase from $332.1 million in the same period last year. GAAP gross profit rose to $128.8 million, with margins expanding to 31.8 percent from 31.5 percent in Q1 2025.
The results surpassed the prior quarter’s revenue of $391.6 million and gross profit of $121.9 million. Analysts at Baird and Truist responded by raising price targets to $120 and $139, respectively, while maintaining bullish ratings on the stock.
Diodes supplies semiconductors for discrete, logic, analog, and mixed-signal markets, with operations across Asia, the Americas, and Europe.