Diodes expects Q3 2026 revenue of about $510 mln, plus or minus 3%
Company sees Q3 2026 GAAP gross margin at 35%, plus or minus 1%
Diodes forecasts Q3 2026 non-GAAP EPS of $1.05, plus or minus $0.10
Overview
Semiconductor maker's preliminary Q2 revenue rose 22% yr/yr, non-GAAP EPS more than doubled
Company says growth driven by demand across all regions and cost initiatives
Company spent $10 mln on share buybacks in Q2
Result Drivers
BROAD DEMAND - Co said revenue growth was driven by demand across all regions
AUTOMOTIVE, INDUSTRIAL, AI SERVER CONTENT - Co said expanding content in automotive, industrial and AI server-related applications contributed to results
COST INITIATIVES - Co said cost and operating initiatives implemented during market slowdown benefited gross margin and earnings
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Diodes Incorporated is $129.50, about 46.7% above its August 4 closing price of $88.29
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 38 three months ago
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