Diodes Q3 net income more than triples to $43.71 million; revenue rises 36% to $532.6 million
DIOD•Diodes’ third-quarter 2026 GAAP net income more than tripled year over year to $43.7 million, while revenue rose 36% to a record $532.6 million. GAAP gross margin increased to 36.1%, and the company completed its acquisition of ElevATE Semiconductor.
1. Quarterly results
Diodes reported third-quarter 2026 GAAP net income of $43.7 million, more than triple the year-earlier figure, and revenue of $532.6 million, up 36% and a record. GAAP gross margin expanded to 36.1%, benefiting from higher manufacturing loading, product mix and pricing improvements. The company also completed its acquisition of ElevATE Semiconductor, which provides integrated circuits for the Automated Test Equipment market.
