Diodes Incorporated · NASDAQ:DIOD
Diodes — Q1 2026 Earnings Presentation
17 slides from Diodes's earnings presentation, May 7, 2026
Slide 1: First Quarter 2026 Financial Results
FIRST QUARTER 2026 FINANCIAL RESULTS Diodes Incorporated (DIOD) May 7, 2026 diodes.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement 1 Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those i
Slide 3: About Diodes Incorporated
About Diodes Incorporated 2 Diodes delivers analog and power solutions through its high-quality semiconductor products to the world’s leading companies in the automotive, industrial, computing, consumer electronics, and communications markets. FY 2025 Vision: 67 34 ~8000 Inspire future Years in Cons
Slide 4: $Billion Financial Targets
$Billion Financial Targets 3 3-Year Targets (2028): $2B Revenue Gross Profit: $700M Goal 4: $1B Profit Before Tax Gross Margin: 35%+ Non-GAAP EPS: $4.00+ Goal 3: $2.5B Revenue $1B Gross Profit (40% GM) Goal 2: $1B Revenue- 2017 Goal 1: $1B Market Cap - 2010
Slide 5: Profitability Growth
Profitability Growth 4 Track Record of Continued Performance Annual Revenue ($ in millions) Gross Profit ($ in millions)
Slide 6: Targeted Market Segments
Targeted Market Segments 5 Automotive ▪ Connected driving, comfort/style/safety, electrification/powertrain 44% of revenue Industrial (Q1 2026) ▪ Embedded systems, industrial automation, medical, energy management, smart buildings Computing ▪ AI data center including AI server, storage, and edge AI
Slide 7: 1Q FY26 Performance
1Q FY26 Performance 6 Revenue GAAP Gross Profit GAAP Gross Margin Non-GAAP EPS $405.5M $128.8M 31.8% $0.43 +3.5% Q-Q + 5.7% Q-Q +70 bps Q-Q +26.5% Q-Q Non-GAAP Cash Flow from Ops Strong Balance Sheet EBITDA Net Income $19.8M $49.4M $64.3M $409M/$55M Cash*/Debt +26.1% Q-Q 12.2% of Revenue 15.9% of Re
Slide 8: 1Q FY26 Highlights
1Q FY26 Highlights 7 1Q revenue achieved over 22% YoY growth and an above seasonal 3.5% QoQ increase Growth driven by key focus areas of automotive, industrial and AI-server related applications Automotive and industrial increased to 44% of product revenue Strong balance sheet with $409 million in c
Slide 9: Quarterly Performance
Quarterly Performance 8 Revenue ($ Millions) Gross Profit ($ Millions) • 1Q revenue increased 22% year-over-year • Future margin expansion will be driven by increasing • Fifth consecutive quarter of double-digit YoY growth contribution from higher-margin automotive, industrial, • Growth driven by 32
Slide 10: Revenue Profile for First Quarter 2026
Revenue Profile for First Quarter 2026 9
Slide 11: Income Statement – First Quarter 2026
Income Statement – First Quarter 2026 10 ($ in millions, except EPS) 1Q25 4Q25 1Q26 Net sales 332.1 391.6 405.5 Gross profit (GAAP) 104.7 121.9 128.8 Gross profit margin % (GAAP) 31.5% 31.1% 31.8% Net income (GAAP) (4.4) 10.2 15.0 Net income (non-GAAP) 8.8 15.4 19.8 Diluted EPS (non-GAAP) 0.19 0.34
Slide 12: Balance Sheet
Balance Sheet 11 ($ in millions) Dec 31, 2024 Dec 31, 2025 Mar 31, 2026 Cash* 322 382 409 Inventory 475 472 493 Current assets 1,224 1,257 1,303 Total assets 2,386 2,448 2,498 Total debt 52 56 55 Total liabilities 517 510 547 Total equity 1,869 1,938 1,951 * Cash and cash equivalents, restricted cas
Slide 13: Business Outlook - Second Quarter 2026
Business Outlook - Second Quarter 2026 12 ▪ Revenue to be ~$435 million, +/- 3.0% representing 18.8% growth over the prior year period and a 7.3% increase sequentially at the mid-point, which is significantly better than typical seasonality ▪ GAAP gross margin of 32.8%, +/- 1% ▪ Non-GAAP adjusted EP
Slide 14: Investment Summary
Investment Summary 13 Vision: ▪ Inspire future technology through leading semiconductor solutions. Mission: ▪ Deliver profitability growth through advanced analog and power solutions that enable innovation and efficiency across high-growth markets. 3-year Target : $2B revenue and $4+ non-GAAP EPS St
Slide 15: Thank You
THANK YOU Inspiring future technology through diodes.com leading semiconductor solutions
Slide 16: Reconciliation of Net Income to Adjusted Net Income
Reconciliation of Net Income to Adjusted Net Income 15 For the three months ended March 31, 2026 (in thousands, except per share data) (unaudited) Other Operating (Income) Income Tax Expenses Expense Provision Net Income Per-GAAP net income $ 14,961 Diluted earnings per share (per-GAAP) $ 0.32 Adjus
Slide 17: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 16 (in thousands, except per share data) For the three months ended March 31, 2025 (unaudited) Note: Included in GAAP net income and non-GAAP adjusted net income was approximately $5.0 million, net of tax, non-cash share- based compensation expense. Excluding share-ba