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Diodes Incorporated

Diodes Incorporated and its subsidiaries supply semiconductor products across Asia, the Americas, and Europe. Its portfolio includes discrete devices such as MOSFETs, SiC MOSFETs, protection devices, Schottky and Zener diodes, rectifiers, and transistors, as well as power management, linear, mixed-signal, and sensor products. The company also offers silicon and silicon epitaxial wafers, frequency control products, and contact image sensors. Founded in 1959 and headquartered in Plano, Texas, it serves industrial, automotive, computing, consumer, and communications end-markets through direct sales, marketing personnel, independent sales representatives, and distributors.

Country
Price · split & dividend adjusted
News & notes moving DIOD
United States
Semiconductors▲

Diodes Completes $250 Million Acquisition of ElevATE Semiconductor

Diodes Incorporated has completed its all-cash acquisition of ElevATE Semiconductor, a fabless provider of high-performance integrated circuits for the Automated Test Equipment market, for $250 million. The deal expands Diodes' analog and mixed-signal portfolio and strengthens its position in high-growth end markets driven by increasing semiconductor complexity and test intensity. ElevATE, based in San Diego, California, will operate as a product line within Diodes, benefiting from its global infrastructure and sales network. The acquisition is expected to contribute approximately $50 million in revenue in the first twelve months and be immediately accretive to revenue, gross margin, and earnings per share. Diodes' CEO Gary Yu welcomed ElevATE employees and highlighted the complementary technology and customer relationships.
DIOD ▲
Semiconductors
About megatrends
Semiconductors › Analog, Power & Discrete Competition
DIOD · Capital · Positive Completed $250M acquisition expected to be immediately accretive to revenue, gross margin, and EPS.
ElevATE Semiconductor, Inc. · Capital · Positive Acquired for $250M, will operate as a product line within Diodes, benefiting from global infrastructure.
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Business Wire·38dRead more →
United States
DIOD▼

Diodes Incorporated prices $325 million convertible senior notes offering

Diodes Incorporated has priced a private placement of $325 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031. The company also granted initial purchasers a 13-day option to buy up to an additional $50 million of the notes, with closing expected on August 18, 2026. Net proceeds are estimated at approximately $315.9 million, or $364.6 million if the option is fully exercised, after deducting discounts, commissions, and offering expenses. Diodes plans to use about $19.0 million of the proceeds to pay for capped call transactions and $35.0 million to repurchase roughly 0.36 million shares of its common stock at $97.19 per share, with the remainder for general corporate purposes including potential acquisitions. The notes mature on August 15, 2031, have an initial conversion rate of 6.8594 shares per $1,000 principal amount, equivalent to a conversion price of about $145.79 per share, a 50.0% premium over the last reported sale price of $97.19 on August 13, 2026.
DIOD ▼
DIOD · Capital · Negative Pricing convertible notes and share repurchase may dilute existing shareholders and signal financial engineering.
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Business Wire·51dRead more →
United States
Semiconductors▲2

Diodes guides Q3 revenue to about $510 million with 35% gross margin and advances ElevATE acquisition

Diodes Incorporated guided third-quarter revenue to approximately $510 million, plus or minus 3%, with a GAAP gross margin of 35%, plus or minus 1%, as it advances its proposed acquisition of ElevATE Semiconductor. Chief Financial Officer Brett Whitmire reported second-quarter revenue of $445.5 million and gross margin of 33.1%, while President and CEO Gary Yu said the ElevATE deal is immediately accretive and expected to add about $50 million of revenue in the first 12 months post-close, with gross margin significantly higher than Diodes’ corporate average. Yu also noted that automotive revenue reached a record 21% of product revenue in the second quarter, and Senior Vice President Emily Yang said channel inventory decreased again, falling below the normal range of 11 to 14 weeks. The company projected non-GAAP adjusted earnings per share of $1.05, plus or minus $0.10, for the third quarter.
DIOD ▲
Semiconductors
About megatrends
Semiconductors › Analog, Power & Discrete Competition
DIOD · Capital · Positive Guides Q3 revenue and EPS above expectations, with strong gross margin and accretive acquisition.
DIOD · Demand · Positive Automotive revenue reached record 21% of product revenue, indicating strong end-market demand.
ElevATE Semiconductor, Inc. · Capital · Positive Acquisition by Diodes is immediately accretive and expected to add $50M revenue, benefiting ElevATE shareholders.
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Seeking Alpha·60dRead more →
Semiconductors▲

Diodes Upgraded to Zacks Rank #2 on Rising Earnings Estimates

Diodes has been upgraded to a Zacks Rank #2, or Buy, reflecting an upward trend in earnings estimates. The Zacks Consensus Estimate for the semiconductor components maker has increased 14.7% over the past three months, with analysts now expecting earnings of $2.58 per share for the fiscal year ending December 2026. The upgrade places Diodes in the top 20% of Zacks-covered stocks, a group that has historically generated market-beating returns. The change in earnings outlook is seen as a positive signal for the company's underlying business and could drive the stock higher in the near term.
DIOD ▲
Semiconductors
About megatrends
Semiconductors › Analog, Power & Discrete Capital
DIOD · Capital · Positive Upgraded to Zacks Rank #2 (Buy) on rising earnings estimates, a positive analyst/valuation signal.
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Zacks Investment Research·95dRead more →
Artificial Intelligence

AXT vs. Diodes: Which Emerging Chip Stock Looks More Attractive in 2026?

AXT and Diodes are both benefiting from the AI-driven semiconductor upcycle, but AXT's direct exposure to hyperscale AI infrastructure makes its long-term story more compelling. AXT's first-quarter revenues grew 39% year over year to $26.9 million, with Indium Phosphide revenues of $13.6 million driven by optical transceivers for AI data centers, and management disclosed a record backlog exceeding $100 million. Diodes reported first-quarter revenues up 22% to $405.5 million, with automotive and industrial accounting for 44% of product revenues, though its diversified model yields more moderate growth. AXTI trades at a forward price-to-sales ratio of 29.5X, well above the industry average of 9.95X, while DIOD trades at 3.17X. Despite the premium valuation, AXT's aggressive capacity expansion and direct AI leverage position it as the more attractive emerging semiconductor stock.
AXTI ▲DIOD
Artificial Intelligence ▲Semiconductors ▲
About megatrends
Artificial Intelligence › Optical Interconnect & DCI ▲Demand
Semiconductors › Materials & Specialty Chemicals ▲Demand
Artificial Intelligence › HBM & AI Memory Demand
AXTI · Demand · Positive AXT's Indium Phosphide revenues driven by AI data center optical transceivers and record backlog over $100M indicate strong end-customer demand.
DIOD · Demand · Neutral Diodes reported 22% revenue growth with automotive and industrial demand, but the article focuses on AXT's AI leverage, making Diodes' impact less clear.
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Zacks Investment Research·101dRead more →
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