Diodes Incorporated · NASDAQ:DIOD
Diodes — Diodes Inc /Del/ — Q3 2026 Earnings Presentation
17 slides from Diodes's earnings presentation, Nov 5, 2026
Slide 1: Third Quarter 2026 Financial Results
Diodes Incorporated (DIOD) THIRD QUARTER 2026 FINANCIAL RESULTS November 5, 2026 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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 in
Slide 3: About Diodes Incorporated
About Diodes Incorporated 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. Vision: Inspire future technology through leading semicond
Slide 4: $Billion Financial Targets
$Billion Financial Targets Goal 1: $1B Market Cap - 2010 Goal 2: $1B Revenue- 2017 Goal 3: $1B Gross Profit $2.5B Revenue (40% GM) Goal 4: $1B Profit Before Tax 3-Year Targets (2028): $2B Revenue Gross Profit: $700M Gross Margin: 35%+ Non-GAAP EPS: $4.00+ As of February 2026 2026 Projected Progress
Slide 5: Profitability Growth Track Record of Continued Performance
Profitability Growth Track Record of Continued Performance Non-GAAP Gross Profit ($ in millions) ($ in millions) CAGR: 10% (2005 – 2025) CAGR: 10% (2005 - 2025) Annual Revenue * Revenue/Percent Growth/Gross Margin for 2026 are based on Q1-Q3 results and Q4 guidance provided on November 5, 2026 ~46*%
Slide 6: Targeted Market Segments
Automotive Connected driving, comfort/style/safety, electrification/powertrain Industrial ATE, Embedded systems, industrial automation, robotics, medical, energy management, smart buildings Computing AI data center including AI server, storage, and edge AI Consumer IoT: wearables, home automation, h
Slide 7: 3Q FY26 Performance
3Q FY26 Performance *Cash and cash equivalents, restricted cash, and short-term investments ** Debt includes $365M Convertible Bond @ 0% Coupon $532.6M +19.5% Q-Q Revenue $192.9M 36.2% +300 bps Q-Q Non-GAAP Gross Margin $1.18 +68.6% Q-Q Non-GAAP EPS $54.5M + 67.7% Q-Q Non-GAAP Net Income $89.7M EBIT
Slide 8: 3Q FY26 Highlights
3Q FY26 Highlights Record quarterly revenue: 3Q revenue increased 35.8% year-over-year and 19.5% sequentially 4Q 2026 revenue to increase 40.4% year-over-year and 3.2% sequentially (at mid-point of guidance) Non-GAAP EPS is $1.18, up 219% year-over-year Successfully completed acquisition of ElevATE
Slide 9: Quarterly Performance
Quarterly Performance Non-GAAP Gross Profit ($ Millions) Revenue ($ Millions) Record quarterly revenue, 3Q revenue increased 35.8% YoY Seventh consecutive quarter of double-digit YoY growth Automotive revenue reached a record 22% of revenue, up 60% YoY Industrial revenue grew 50% YoY and 26% sequent
Slide 10: Revenue Profile for Third Quarter 2026
Revenue Profile for Third Quarter 2026
Slide 11: Income Statement – Third Quarter 2026
Income Statement – Third Quarter 2026 ($ in millions, except EPS) 3Q25 2Q26 3Q26 Net sales 392.2 445.5 532.6 Gross profit (Non-GAAP) 120.5 147.6 192.9 Gross profit margin % (Non-GAAP) 30.7% 33.1% 36.2% Net income (GAAP) 14.3 46.6 43.7 Net income (Non-GAAP) 17.2 32.5 54.5 Diluted EPS (Non-GAAP) 0.37
Slide 12: Balance Sheet
Balance Sheet ($ in millions) Dec 31, 2024 Dec 31, 2025 Sept 30, 2026 Cash* 322 382 578 Inventory 475 472 535 Current assets 1,224 1,257 1,563 Total assets 2,386 2,448 3,091 Total debt** 52 56 405 Total liabilities 517 510 1,069 Total equity 1,869 1,938 2,022 * Cash and cash equivalents, restricted
Slide 13: Business Outlook - Fourth Quarter 2026
Business Outlook - Fourth Quarter 2026 Revenue to be ~$550 million, +/- 3.0% Representing 40.4% growth over the prior year period and a 3.2% increase sequentially at the mid-point, which is significantly better than typical seasonality Non-GAAP gross margin of 37%, +/- 1% Representing 590 bps improv
Slide 14: Investment Summary
Investment Summary 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 $4.00+ non-GAAP EPS Strategi
Slide 15: Thank You
PIODES Analog & Power Pare o Seon ae ae Solutions THANK YOU diodes.com Inspiring future technology through leading semiconductor solutions
Slide 16: Reconciliation of Net Income to Adjusted Net Income
Reconciliation of Net Income to Adjusted Net Income (in thousands, except per share data) (unaudited) Note: Included in GAAP net income and non-GAAP adjusted net income was approximately $7.4 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense,
Slide 17: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Note: Included in GAAP net income and non-GAAP adjusted net income was approximately $5.4 million, net of tax, non-cash share-based compensation expense. Excluding share-based compensation expense, both GAAP and non-GAAP diluted earnings per share would have improved