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Diodes Incorporated reports recurring developments in application-specific semiconductors for automotive, industrial, computing, consumer electronics, and communications markets. Its updates cover earnings trends, margin and utilization commentary, business outlooks, and market mix, including the contribution of automotive and industrial product revenue.
The company also announces product additions across discrete, analog, logic, and mixed-signal categories, including MOSFETs, power management devices, PCIe clock generators, ReDrivers, sensors, rectifiers, and protection devices. News commonly ties these products to automotive lighting, 48V vehicle systems, data center infrastructure, high-performance computing, and signal-integrity applications.
Diodes (Nasdaq: DIOD) priced a private placement of $325 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 to qualified institutional buyers under Rule 144A, with an option for initial purchasers to buy an additional $50 million. Diodes expects net proceeds of about $315.9 million (or $364.6 million if the option is fully exercised).
The notes mature on August 15, 2031, are senior unsecured, bear no regular interest and are convertible at an initial rate of 6.8594 shares per $1,000 (conversion price about $145.79, a 50% premium to the $97.19 share price on August 13, 2026). Diodes will settle principal in cash and may settle any excess in cash, stock, or both.
Diodes will use approximately $19.0 million for capped call transactions and $35.0 million to repurchase about 0.36 million shares at $97.19 per share, with the remainder for general corporate purposes, including potential acquisitions. The capped calls, with an initial cap price of $194.38 (a 100% premium), are intended to reduce potential dilution or excess cash payments upon conversion.
Diodes (Nasdaq: DIOD) plans a private placement of $325 million aggregate principal amount of Convertible Senior Notes due August 15, 2031, offered to qualified institutional buyers under Rule 144A. Initial purchasers may receive an option to buy up to an additional $50 million of notes.
The notes are senior unsecured, pay semiannual interest, and are convertible, with Diodes settling principal in cash and any excess in cash, stock or both. According to Diodes, net proceeds will fund capped call transactions, a concurrent share repurchase of up to $35 million, and general corporate purposes, including potential acquisitions.
Diodes (Nasdaq: DIOD) announced its participation in three upcoming financial conferences in August 2026. The company will attend the Needham Semiconductor & SemiCap 1x1 Conference on Wednesday, August 19, 2026 virtually, the Jefferies Semiconductor, IT Hardware & Communications Technology Conference on Tuesday, August 25, 2026 at the Four Seasons Hotel in Chicago, IL, and the Deutsche Bank Technology Conference on Thursday, August 27, 2026 at the Waldorf Astoria Hotel in Dana Point, CA.
According to Diodes, company representatives will be available for meetings with registered attendees on each event’s designated day. Portfolio managers and analysts can request meetings through their sales representatives at the respective firms. Webcast details and additional information are available in the Event Calendar section of the Diodes website.
Diodes (Nasdaq: DIOD) reported second quarter 2026 revenue of $445.5 million, up from $366.2 million a year earlier and $405.5 million in the prior quarter. GAAP gross margin improved to 33.1%, with GAAP net income of $46.6 million and GAAP diluted EPS of $1.00.
Non-GAAP adjusted net income was $32.5 million, or $0.70 per diluted share, more than double the prior-year non-GAAP EPS. EBITDA was $83.5 million, or 18.7% of revenue. Diodes generated $68.5 million in operating cash flow and $34.8 million in free cash flow, ending the quarter with $442 million in cash and $40 million in total debt.
For third quarter 2026, Diodes expects revenue of approximately $510 million (±3%), GAAP gross margin around 35.0% (±1%), and non-GAAP adjusted EPS of about $1.05 (±$0.10).
Diodes (Nasdaq: DIOD) announced that seasoned semiconductor executive Evan Yu has been elected to its Board of Directors as an independent director, effective August 1, 2026. Yu brings decades of leadership across power products, wireless communications, ASIC, and DSP technologies, along with extensive international operating experience.
Yu previously served as Senior Vice President, Worldwide Power Products at Diodes, Asia President, and held multiple subsidiary leadership roles before retiring in 2023. His background includes CEO of Commit Inc., senior roles at Texas Instruments, and Chairman of Canyon Semiconductor. Diodes stated that Yu meets Nasdaq and SEC Rule 10A‑3 independence requirements.
Diodes (Nasdaq: DIOD) will release its second quarter 2026 financial results on Wednesday, August 5, 2026 at 3:05 p.m. Central Time (4:05 p.m. Eastern Time) and host a conference call at 4:00 p.m. Central Time for analysts and investors.
The call, featuring senior executives including the CEO, CFO, and SVP of Worldwide Sales and Marketing, will be accessible via domestic and international dial-in numbers with a passcode, as well as a live webcast and a replay available by phone and online.
Diodes (Nasdaq: DIOD) entered a definitive agreement to acquire ElevATE Semiconductor in an all-cash transaction valued at $250 million, according to Presidio Investors. ElevATE is a San Diego-based fabless designer of low-power, high-density integrated circuits for automated test equipment (ATE).
The sale represents the successful realization of Presidio’s first continuation fund, formed in 2023 to extend its partnership with ElevATE. The deal has been approved by both companies’ boards and ElevATE’s stockholders and is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals. BofA Securities advised ElevATE and Presidio, with Mintz serving as legal counsel.
Diodes (Nasdaq: DIOD) announced a definitive agreement to acquire ElevATE Semiconductor, a San Diego-based fabless semiconductor company focused on integrated circuits for the automated test equipment (ATE) market, in an all-cash transaction valued at $250 million.
According to Diodes, the deal combines ElevATE’s ATE IC technology with Diodes’ broad product portfolio, manufacturing scale, and global sales reach. The acquisition is expected to be immediately accretive to revenue, gross margin, and EPS, add approximately $50 million of revenue in the first 12 months post-close, and deliver revenue growth at a CAGR above 20% over the next four years, with gross margin significantly above Diodes’ corporate average. The transaction expands Diodes’ analog and mixed-signal offerings and ATE applications exposure. Boards of both companies and ElevATE stockholders have approved the deal, which remains subject to customary regulatory approvals and is expected to close in the second half of 2026.
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Diodes (Nasdaq: DIOD) introduced the APK43070Q, a single-chip automotive-compliant synchronous buck controller combined with a USB Type‑C PD3.1 source controller. It targets in‑vehicle single and multi‑port USB‑C chargers, cutting external components, BOM cost, and design complexity.
Operating from 4V–36V, it supports USB PD3.1 EPR/AVS up to 28V and SPR/PPS up to 21V, enabling up to 140W charging. Features include VIN DC pass‑through, I2C-based smart power sharing across eight ports, extensive protection functions, 4mm×4mm W‑QFN package, and $0.80 pricing at 1,000 units.