Mergers & Acquisitions ·
Diodes Incorporated reported second quarter 2026 financial results with revenue increasing 22% year-over-year to…
DIODDiodes Inc
Diodes Incorporated reported second quarter 2026 financial results with revenue increasing 22% year-over-year to $445.5 million and up 10% sequentially. GAAP net income was $46.6 million, or $1.00 per diluted share, compared to $46.1 million in the prior year period. The company announced a proposed acquisition of ElevATE Semiconductor, a fabless semiconductor company specializing in automated test equipment integrated circuits. Management expects this acquisition to be immediately accretive and add approximately $50 million in revenue within the first 12 months post-close. For the third quarter, Diodes guides for revenue of approximately $510 million, representing a 30% year-over-year increase at the midpoint, with non-GAAP adjusted EPS expected between $0.95 and $1.15. The company operates in the semiconductor industry, designing and manufacturing analog and power management solutions.